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World

Trump Kicks Off Sneaker Line After $355M Fine

Trump Unveils “Never Surrender” Sneakers After $355 Million Fraud Penalty

Former President Donald Trump launched a new sneaker line, “Trump Sneakers,” just one day after being hit with a hefty $355 million fine in a civil fraud case. The unveiling took place at Sneaker Con in Philadelphia, where Trump presented a pair of gold “NEVER SURRENDER HIGH-TOP SNEAKERS” priced at $399.

This move has raised eyebrows, considering the timing and the context of the legal troubles surrounding Trump. Some see it as a brazen attempt to capitalize on his name and image, while others view it as a calculated business decision.

Here are the key details:

Limited Edition Launch: The gold “NEVER SURRENDER” sneakers sold out quickly, with only 1,000 pairs available initially.
More Affordable Options: Two other sneaker designs featuring “T” and “45” are available for $199 each.
Beyond Sneakers: Cologne and perfume are also part of the Trump-branded merchandise, priced at $99 each.
Licensing Agreement: While Trump lends his name and image to the brand, the actual design, manufacturing, and distribution are handled by 45Footwear, LLC under a license agreement.

The launch has sparked mixed reactions:

Supporters: Some appreciate the entrepreneurial spirit and see it as a successful branding move.
Critics: Others find the timing insensitive and question the ethics of launching a luxury brand after a hefty fraud penalty.

With the 2024 presidential election looming, this latest venture adds another layer to the complex and controversial figure of Donald Trump. Whether “Trump Sneakers” will be a commercial success or further fuel criticism remains to be seen.

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Newsbeat

Content Creator Dies by Suicide After Facing Cyberbullying

Content Creator Dies by Suicide After Facing Cyberbullying

A 16-year-old content creator, Pranshu, died by suicide on November 21, 2023, after facing cyberbullying for his social media posts. Pranshu, who was known for their makeup and fashion content, had been sharing Reels of themselves in sarees and traditional jewelry.

Pranshu’s last post, on November 12, 2023, featured them in a red saree. The post attracted numerous homophobic comments from trolls who mocked Pranshu for their attire and gender expression.

Also Read | Tragedy Strikes Kochi as Stampede Leaves Four Dead and Over 60 Injured

Pranshu’s death has sparked outrage and calls for action against cyberbullying. Friends and family members have expressed their grief and called for an end to the harassment that LGBTQ+ individuals face online.

If you or someone you know is struggling with suicidal thoughts, please reach out for help. The National Suicide Prevention Lifeline is available 24 hours a day, 7 days a week at 1-800-273-8255.

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Newsbeat

Hyderabad retail space absorption soars 145% YoY

Hyderabad: Retail space absorption in Hyderabad witnessed a record growth of 145% year-on-year (YoY) to 0.49 million square feet in the first nine months of 2023, compared to 0.20 million square feet in the same period in 2022. This is according to a report released by CBRE South Asia Pvt Ltd.

The city accounted for a 10% share in leasing across top eight cities during the January-September 2023 period, primarily dominated by fashion and apparel brands.

The report also highlights that during the July-September 2023 quarter, total leasing in the city stood at 0.26 million square feet, compared to 0.09 million square feet in July-September 2022, witnessing a substantial YoY growth of 189%.

During the nine-month period (January-September’23), fashion and apparel sector’s share in leasing stood at 34%, home and department stores at 17%, and food and beverage at 13%.

The chairman and CEO of CBRE for India, South-East Asia, the Middle East, and Africa, Anshuman Magazine, commented on the report, saying, “Retailers are keen on revamping the in-store experiences with cutting-edge technology, personalised services, and space optimisation. The retail industry is about to undergo a profound shift.”

The strong growth in retail space absorption in Hyderabad can be attributed to a number of factors, including:

  • The city’s growing population and rising disposable incomes
  • The increasing presence of national and international retailers
  • The development of new shopping malls and retail complexes
  • The increasing popularity of online shopping, which has led to a demand for omnichannel retail experiences

The report also notes that the retail sector in Hyderabad is expected to continue to grow in the coming years, driven by the factors mentioned above. This growth is likely to be further boosted by the government’s initiatives to promote economic development in the city, such as the Hyderabad Pharma City and the Telangana Aerospace and Defence Park.