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STAMFORD, Conn., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, has released its ESG & Impact Report for the 2024 fiscal year ended February 4, 2024. This report highlights the company's continued commitment to environmental sustainability, social responsibility, and governance (“ESG”). Shawn Nelson, Chief Executive Officer, stated, “Lovesac’s commitment to sustainability and responsible business practices is at the heart of our operations. We are dedicated to creating products that are Designed for Life, reducing our environmental impact, and fostering a culture of integrity and responsibility. Our ESG pillars of Earth, Love, and Purpose guide us in making decisions that benefit our customers, associates, shareholders, and the communities we serve. As we look to the future, we remain committed to leading by example and inspiring positive change in our industry. Together, we can create a brighter, greener, and more sustainable world for generations to come.” Lovesac’s ESG framework relies on aspects of the Sustainability Accounting Standards Board (SASB) Building Products and Furnishings and Multiline and Specialty Retailers & Distributors standard. The strategy also takes inspiration from the United Nations Sustainable Development Goals to align Lovesac’s strategic purpose with global social and environmental priorities. This latest ESG report includes Lovesac’s progress to meeting their long-term environmental, social, and purpose-focused goals. Key highlights include: ESG targets focus on three key pillars which Lovesac designates as Earth, Love, and Purpose. The report covers plans for ESG improvements in these areas over the next two decades. LOVE: Lovesac continues to foster a culture that embraces and celebrates the experiences, beliefs, backgrounds, expertise, talent, and individuality of everyone. With 48% of women in leadership roles in Fiscal 2024, Lovesac has continued to make meaningful progress to include more women in leadership roles. EARTH: Lovesac has committed to repurpose 1 billion plastic bottles in its products’ fabric and materials as supported by a partnership with REPREVE®. By the end of Lovesac’s fiscal year 2024, the partnership resulted in a total of more than 240 million bottles repurposed in the production of Lovesac product fabrics and materials. PURPOSE: Lovesac continuously aims to maintain the trust of their customers, shareholders, employees, partners, and communities. This trust is built on a commitment to integrity. When everyone at Lovesac follows strong policies, the integrity of our brand is reinforced. The Company is expanding its Sustainable Supply Chain program to include new transportation and warehousing vendors. Because the Company approaches its relationships in the same way it approaches its products—as a long-term investment—the Company’s suppliers are committed to making products of enduring quality that uphold the high-performance standards we set for them. The report features the Company’s continued goal to meet net-zero waste and emissions by 2040 and its Designed For Life principles on inventing and innovating in order to deliver more high-quality, sustainably manufactured product platforms in multiple categories across the home space. This report is Lovesac’s fourth annual ESG report and is part of the Company’s multi-phased ESG commitment to serve its customers, associates, communities, suppliers, and stakeholders in a way that benefits them all. Lovesac plans to advance and report on the progress of its ESG priorities through successive ESG reports. Lovesac’s 2024 ESG Report is available on the Company’s website at https://investor.lovesac.com/esg. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other legal authority. Forward-looking statements can be identified by such words as “continue,” “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “strategy,” “target,” “goal,” “expect,” “strive,” “vision,” and “can” or variations of these terms and other similar expressions. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see our filings with the Securities and Exchange Commission (SEC), including our most recently filed Amendment No. 2 to Form 10-K/A, Amendment No. 2 to Form 10-Q/A and Form 10-Qs and similar disclosures in subsequent reports filed with the SEC. Any forward-looking statements speak only as of the date on which we make it. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. About The Lovesac Company Based in Stamford, Connecticut, The Lovesac Company is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed For Life approach which results in products that are built to last a lifetime and designed to evolve as our customers’ lives do. Our current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, and their associated home decor accessories. Innovation is at the center of our design philosophy with all of our core products protected by a robust portfolio of utility patents. We market and sell our products primarily online directly at www.lovesac.com, supported by direct-to-consumer touch-feel points in the form of our own showrooms as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, SACTIONALS, DESIGNED FOR LIFE, and THE WORLD'S MOST ADAPTABLE COUCH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office. Investor Relations Contacts: Caitlin Churchill, ICR (203) 682-8200 InvestorRelations@lovesac.com
As the A-share market continues to navigate through these fluctuations, investors are advised to exercise caution and carefully monitor market developments. It is important to conduct thorough research, analyze market trends, and diversify investment portfolios to mitigate risks and make informed decisions. By staying informed and attentive to market dynamics, investors can better position themselves to adapt to changing market conditions and navigate through uncertain times.
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Small SUVs continued to sell well in Australia throughout 2024, and that meant there were plenty of them for us to review. As we continue recapping our 2024, we’re compiling the highest-rated cars from across Australia’s most popular new car segments into a list to show you what we liked best. We’ve done mid-sized SUVs and utes so far, which means small SUVs are now up to bat. For this list we’ve kept it to the sub-$45,000 segment on the VFACTS sales charts, as they’re much more approachable for people wanting to simply get behind the wheel. Some of these models have been reviewed on multiple occasions this year, so we’ve only featured the variant that achieved the highest rating. Prices are based on each manufacturer’s configurators for a Victorian postcode, which should provide a representative estimate of what the average Australian buyer will end up paying. 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . Click on car’s name in the table above to jump directly to its information on the page, or keep scrolling for the full article. Our top sub-$45,000 small SUV for 2024 was the Toyota Corolla Cross , which senior contributor Matt Campbell awarded a score of 8.4. That score was for the base GX Hybrid, which we said offered exceptional value, space and efficiency underneath a barebones presentation. “Basic but brilliant” was the term used to sum up the Corolla Cross, and our rating reflects that. It achieved an excellent fuel efficiency of just 4.3L/100km during our test, and with top-notch safety and interior space ratings we deemed it to be properly fit for purpose. We didn’t like how it’s fitted with halogen daytime running lights instead of LEDs. That lead us to suggest the step up to the GXL for an extra $4000-odd was worth it, especially when you consider this base spec is already more than $40,000 drive-away. Still, we found it to be a well-considered small SUV that can comfortably get the job done in a no-frills manner. You can read our full review of the Toyota Corolla Cross GX Hybrid here Interested in buying a Toyota Corolla Cross? Get in touch with one of CarExpert’s trusted dealers here MORE: Everything Toyota Corolla Cross The Skoda Kamiq received a facelift this year, and our all-encompassing review of the new two-model range by marketplace journalist Josh Nevett listed a score of 8.4. It was praised for its quality tech upgrades, while it also benefits from packing in big-car practicality into its small-car frame. Better yet, we said it was a great value proposition – especially given the base Select costs just $33,990 drive-away. We gave it high individual scores across the board, headlined by a fit-for-purpose rating of 9 and a safety rating of 8.9. The Kamiq also impressed with its low cost of ownership and fuel efficiency, the latter a product of its two quality engines; turbos with either three or four cylinders. A negative aspect was the Monte Carlo’s “polarising” interior design, while we were disappointed that the base-spec Select misses out on adaptive cruise control. As is often a complaint with dual-clutch cars, we also found the Kamiq’s DSG unit was clunky at low speed, though it did have solid performance once on the move. You can read our full review of the Skoda Kamiq here Interested in buying a Skoda Kamiq? Get in touch with one of CarExpert’s trusted dealers here MORE: Everything Skoda Kamiq As reviewed by marketplace editor James Wong, the Nissan Qashqai Ti e-Power scored a respectable 8.2 in March this year. We liked the hybrid Qashqai’s seemingly easy performance, something that comes as a result of Nissan’s unique electric motor-internal combustion engine it has over other traditional hybrids. That gives it a more electric vehicle (EV) feel, though a normal engine can still be heard. That also contributes to its refined on-road characteristics, as it’s mostly quiet at low speeds and generally very smooth. Nissan backs up those traits with an upmarket interior that punches above the Qashqai’s paygrade. It wasn’t all positive though. We don’t like how the e-Power Qashqai is only available in one top-spec Ti variant, as it seems to push it out of the realm of a lot of hybrid buyers. It’s also considerably more expensive than the non-hybrid equivalent. We also felt its ride could be somewhat firm on occasion, but none of that was enough to detract from an otherwise solid Toyota hybrid rival. You can read our full review of the Nissan Qashqai Ti e-Power here Interested in buying a Nissan Qashqai? Get in touch with one of CarExpert’s trusted dealers here MORE: Everything Nissan Qashqai We’ve published a handful of reviews for Volkswagen’s T-Roc small SUV this year, but it was senior contributor Matt Campbell’s review of the Style that scored the highest at 8.2. The Style is one rung up from the bottom of the T-Roc range, and we liked it for its easy driving characteristics and its well-laid out cabin. It’s also a considerable improvement on the features list compared to the base CityLife without being too much more expensive. We felt it was nicely fit for purpose, and it scored highly on ride comfort and infotainment technology. Under the bonnet is a simple 1.4-litre four-cylinder turbo sent to the front wheels only, with higher-performance options reserved for more expensive T-Rocs. On the other hand, we felt its eight-speed automatic transmission wasn’t quite as sharp as Volkswagen’s typical dual-clutch DSG, but that did mean its low-speed drivability was improved. Its second row also isn’t terribly large as a result of the small SUV frame, and rough roads can induce a fair bit of cabin noise. Still, we found it to be a solid choice for crossover customers. You can read our full review of the Volkswagen T-Roc 110TSI Style here Interested in buying a Volkswagen T-Roc? Get in touch with one of CarExpert’s trusted dealers here MORE: Everything Volkswagen T-Roc Honda’s smallest SUV entered 2024 off the back of a fresh redesign, and news editor William Stopford found its top-spec variant to be worthy of a score of 8.1 That variant is the e:HEV L, the one hybrid in the range. We liked how refined it appeared to be, and the Magic Seats in its second row proved to be practical in the real world. Its cabin is also well-appointed and spacious, while everything is practical and easy to operate in daily use. Even those coming to the HR-V for the first time will likely find it easy to get settled. It lost marks for its price and lack of a spare wheel, and we really couldn’t get past the fact it’s only a four-seater. There’s enough space for a third seat on the second row, but the lack of a centre seatbelt means it can’t legally be used as a seat. While the HR-V may not feel as premium as its ZR-V sibling, there’s a lot that it does right to deserve a spot on this list. You can read our full review of the Honda HR-V e:HEV L here Interested in buying a Honda HR-V? Get in touch with one of CarExpert’s trusted dealers here MORE: Everything Honda HR-V There were four other small SUVs that were also rated at 8.1, and we feel they deserve a mention too. The final spot on the list above could have easily been taken by the Mazda CX-30 G25 GT SP , though the Honda comes first alphabetically. You can read the review of that CX-30 here . Our all-encompassing review of the new Toyota C-HR range could also sneak in, but because a later review of the specific GR Sport variant scored 7.9 we decided to give it an honourable mention instead. The updated MG ZS range scored 8.1 too, but because that was also a broad review of a model we’re yet to review in specifics it gets an honourable mention. Like, the new C-HR GR Sport, the outgoing MG ZST scored 7.6. Finally is the Omoda E5 , which scored 8.1 in its standalone review. We’ve given it an honourable mention because we’re yet to get our hands on one to test at home in our usual manner.Furthermore, the series highlights the significance of early intervention and support for minors who have been victimized or exploited online. Prosecutors emphasize the role of law enforcement agencies and child protection services in providing timely assistance to minors in distress and holding perpetrators accountable for their actions.
History will – or at least should – see a $165 billion error in revenue estimates as one of California’s most boneheaded political acts. It happened in 2022, as the state was emerging from the effects of the Covid-19 pandemic. Gov. Gavin Newsom’s Department of Finance, based on one short-term spike in income taxes, projected that revenues from the state’s three largest sources would remain above $200 billion a year indefinitely. Newsom then declared that the budget had a $97.5 billion surplus, although that number never appeared in any documents. “No other state in American history has ever experienced a surplus as large as this,” Newsom bragged as he unveiled a 2022-23 fiscal year budget that topped $300 billion. With that in mind, he and the Legislature adopted a budget with billions in new spending, most notably on health and welfare programs and cash payments to poor families. Within a few weeks, Newsom and legislators learned that real revenues were falling well short of the rosy projections. But the damage, in terms of expanded spending, was done. Two years later, buried in its fine print, the deficit-ridden 2024-25 budget acknowledged that sales taxes and personal and corporate income tax revenues would fall well short of the $200 billion a year projection, estimating a $165.1 billion shortfall over four years. The past two years have seen budgets with deficits papered over with direct and indirect borrowing, tapped emergency reserves, vague assumptions of future spending cuts, and accounting gimmicks. For instance, the current budget “saves” several billion dollars by counting next June’s state payroll as an expenditure in the following fiscal year. This bit of fiscal history is important to remember because the twin 2022 acts of overestimating revenues and overspending billions of nonexistent dollars on new and expanded services continues to haunt the state, as a new analysis indicates. The Legislature’s budget analyst, Gabe Petek, unveiled his office’s annual overview of the state’s finances Wednesday and it wasn’t a pretty picture. There’s been a recent uptick in personal income tax revenues thanks to wealthy investors’ stock market gains, some stemming from Donald Trump’s presidential victory. However, Petek said, government spending – much of it dating from 2022’s phony surplus – is continuing to outpace revenues from “a sluggish economy,” creating operating deficits. “Outside of government and health care, the state has added no jobs in a year and a half,” the analysis declares. “Similarly, the number of Californians who are unemployed is 25% higher than during the strong labor markets of 2019 and 2022. Consumer spending (measured by inflation‐adjusted retail sales and taxable sales) has continued to decline throughout 2024.” Meanwhile, it continues, “one reason the state faces operating deficits is growth in spending. Our estimate of annual total spending growth across the forecast period – from 2025‐26 to 2028‐29 – is 5.8% (6.3% excluding K‐14 education). By historical standards, this is high.” Petek’s grim outlook coupled with the more conservative bent of voters, as shown in this month’s election, present a political dilemma for a governor and a Legislature oriented toward expanding government. Assembly Speaker Robert Rivas, reacting to the analysis in a statement, indicated that he’s gotten the message. “We need to show restraint with this year’s budget, because California must be prepared for any challenges, including ones from Washington,” Rivas said. “It’s not a moment for expanding programs, but for protecting and preserving services that truly benefit all Californians.” Newsom will propose a 2025-26 budget in January, but no matter what he and the Legislature decide, the structural budget deficit will still be there when he exits the governorship in 2027. It will be part of his legacy. CalMatters is a public interest journalism venture committed to explaining how California’s state Capitol works and why it matters. For more stories by Dan Walters, go to Commentary .
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Zheng Qinyu, a rising star in the world of women's tennis, recently found herself at the center of a storm of controversy as she narrowly missed out on the prestigious WTA Player of the Year award. Instead, the title was snatched away by none other than the formidable Sabalenka, sending shockwaves through the tennis world.
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However, as time passed, things started to go downhill for this once-promising player. Injuries plagued his career, robbing him of the opportunity to showcase his full potential on the field. Despite his best efforts to recover and regain his form, his performances failed to meet the expectations set for him. The once shining star began to fade, and doubts started to creep in about his ability to deliver when it mattered most.
Ukraine studies debris from new Russian ballistic missileOver the past few months, two big waves of Apple Intelligence features have debuted via iOS 18.1 and iOS 18.2 . While some have speculated Apple is planning paid AI services in the future, Apple’s CEO Tim Cook recently said that charging has never even been discussed. Here’s why. Apple views AI as being ‘sort of like multitouch’ Steven Levy at WIRED interviewed Tim Cook recently about AI and more. One key quote has stuck with me since that interview was published earlier this month. Levy : Some companies charge for AI-enhanced services. Did you consider that? Cook : We never talked about charging for it. We view it sort of like multitouch, which enabled the smartphone revolution and the modern tablet. Straight from the CEO himself, Apple reportedly ‘never talked about’ charging for AI. His reasoning is interesting, positioning AI as a sort of fundamental new technology akin to multitouch and more. But it also highlights a big difference between Apple and its AI competitors. That difference, I think, points to an even more important reason why monetization wasn’t on the table for Apple. Hardware remains Apple’s big business, bankrolling everything else the company does When multitouch debuted on the first iPhone, it was technically a free feature, yes. But it was inseparably tied to what was then a very expensive new product. Apple Intelligence is very similar. Apple isn’t charging for AI, but you also can’t use Apple Intelligence unless you first buy a compatible iPhone, iPad, or Mac . Unlike the vast majority of other AI players, Apple has built its primary business around hardware. The company does have an ever-growing services business, but the bulk of its revenue is still tied to hardware . And within that hardware bucket, nothing compares to Apple’s iPhone revenue. So yes, Apple Intelligence is technically free as part of iOS 18.1 and iOS 18.2. But that’s only because Apple first sold you an iPhone. And Tim Cook knows that very well. Apple can give AI away, at no extra charge, because it’s doing just fine selling us all new iPhones. What do you think of Tim Cook’s statement? Let us know in the comments. Anker 100W charging brick for fast charging 6.6ft USB-C cable for longer reach AirPods Pro 2 (currently only $189, down from $249) MagSafe Car Mount for iPhone HomeKit smart plug 4-packFurthermore, the ergonomic design of the Samsung Galaxy Buds3 series ensures a comfortable and secure fit, making them ideal for extended listening sessions. The earbuds are lightweight and discreet, allowing you to wear them for hours on end without any discomfort. Additionally, the intelligent touch controls on the earbuds make it easy to adjust the volume, skip tracks, or answer calls with a simple tap or swipe, providing a seamless user experience.