The Best One Yet 🍰 “Choco Caramelicious Cheesecake w/ crumbled Snickers” — Cheesecake Factory’s craziness. Nike’s metaverse shoes. The Fed’s taper.
Nov 4, 2021
The Cheesecake Factory is thriving with 24/7 cheesecake takeout, celebrating its best quarter yet. Nike is jumping into the metaverse with virtual sneakers, marking a new trend in digital fashion. Meanwhile, the Federal Reserve's recent actions are reshaping economic landscapes, but Wall Street seems unfazed. Trivia and personal celebrations keep the mood light, showcasing the resilience and creativity in today's business strategies.
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Cheesecake Factory's Success
- The Cheesecake Factory defied industry trends by expanding its menu and operational complexity during the pandemic.
- This strategy, centered around takeout cheesecakes, led to record sales despite reduced dine-in capacity.
Complexity over Simplicity
- While other restaurants streamlined menus, Cheesecake Factory added items like the "Choco Caramelicious Cheesecake with Crumbled Snickers".
- They also maintain a detailed 500-page operational manual, emphasizing complexity over simplicity.
Nike's Virtual Sneakers
- Nike's trademark filing for virtual footwear suggests their intent to create and sell virtual sneakers.
- This move positions them for early entry into the metaverse, where virtual avatars will need attire.