Warby Parker on Thursday cut its full year revenue guidance just days after laying off part of its corporate workforce. The eyewear maker, which sells its product directly to its customers online and in-stores, said with the current macroeconomic environment weighing on consumer spending it expects its revenue to grow as much as 10% to $595 million for the full year, instead of the 22%...
Warby Parker Slashes Revenue Guidance, Moves Forward With Brick-and-Mortar Expansion
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The Electric electric vehicles
The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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