The billion-dollar Labubu phenomenon broke a cardinal rule of retail: Consumers need to know what they're buying before they open their wallet. Most new Labubu sales took the form of "blind boxes," where purchasers found out which type of doll they'd purchased only after the fact.
Accounting is usually associated with corporations. "In accounting, we traditionally think more about the firm and less about the household," says Fabian Nagel, an assistant professor of accounting at Stanford Graduate School of Business.
Mobile money can help people without bank accounts take part in the economy, but trust and fairness will ultimately determine whether it succeeds, a new study has found.
A new analysis suggests there is no correlation between athlete performance and the way the NFL values draft positions, challenging long-held beliefs about how professional football teams select new players each year.