Orvis closing 30+ stores (~half) and trimming its product line due to tariffs, per their CEO.
https://www.usatoday.com/story/news/2025/10/16/why-sporting-goods-chain-orvis-is-closing-nearly-half-its-stores/86723366007/
"unprecedented tariff landscape"
Zaid has an opinion different from what I posted earlier
from the comments
Context: Members of the Bodega Association were claiming that their stores were being robbed during the George Floyd protests in NYC. Many of these claims were false/inflated. And this gentleman was NOT going to allow the President of the Bodega Association to spread propaganda 🥹
LMAO, he got REAL quiet very quickly.
Because he knows that man was RIGHT 😭
The huge part of what you're missing is they (the type of start-ups you're talking about) were shooting to take market share -- legit market and actual profits -- away from other companies. For gai there is no existing market share or profit that they're targeting. Google ai, for example, is taking money away from their own ads and their own ad customers. Maybe these consumer-facing companies find a load of profits in making porn and taking away profits from onlyfans, but I doubt it. No survey has ever shown any more than a small fraction of people are willing to pay actual money to subscribe to ai. In most instances even the businesses that use it have to force it on their employees, and the employees will try it but then use quickly subsides. Because it's crap. It doesn't save most people time. You can't trust it.
I mean...lol...gai is a black box. There is no explanation for why it works. It just doesn't.