Tarjay or Not Tarjay
6/19/202620 min
Malique Morris joins Peter to discuss Target’s big bet on bringing Isaac Mizrahi back as creative director at large, hoping his playful, kitschy sensibility can revive the “Tarjay” magic as Amazon, Walmart, and Quince push in. Then they get into Net-a-Porter’s shrink-to-grow overhaul under Mytheresa’s new ownership.
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First 90 secondsPeter Hamby· Host0:00
A quick stat for you. Phoenix tourism is up 23%. Hotel occupancy is at 89%, and a developer called Intersection Development, who already has 15 properties live and operating on Roosevelt Row in downtown Phoenix, has purchased the land for what might be the most interesting hotel project in the country. It's the first ever Atari Hotel, and before you write that off as a novelty concept, consider that the gaming industry just crossed $450 billion, bigger than film and music combined. This project sits at the crossover of that culture with one of the strongest hospitality markets in the US. Even more interesting is that they filed a Reg A+ with the SEC, which means you can pull up the actual financials, projections, full deal structure, and become an investor. Check it out at atarihotels.com. So if you like alternative investments and doing your own due diligence, this one's worth a look. That's atarihotels.com.
Malique Morris· Guest1:00
[upbeat music] A big part of it is just that it's, it's easy to buy these things anywhere, right? And I think that that's the whole, like, bringing in a designer with a point of view who can, like, steer the ship in a way of, like, well, what does it mean to come and shop for clothes at Target? You know, at Tar-jay.
Peter Hamby· Host1:18
Welcome to the Powers That Be Daily, Puck's podcast focused on the intersection of Wall Street, Washington, Silicon Valley, and Hollywood, and the players who run it all.