News story: “Scientists discover a bizarre Jurassic ‘squid’ unlike anything ever seen.”
Scientists have identified the “fattest” belemnite ever discovered, a bizarre, barrel-shaped squid relative that lived in Wyoming’s ancient seas 160 million years ago. The exceptionally rare fossils reveal a creature unlike anything previously known, potentially a predator of smaller squid-like animals and a surprising survivor of a supposedly vanished family.
As usual, you can also use this squid post to talk about the security stories in the news that I haven’t covered...
Payrolls rose 165,000, construction softened slightly and residential construction employment remained a key cycle indicator
Legacy leather goods brand Coach has won over Gen Z, and it’s already translating into results.
Tapestry, the parent company of both Coach and Kate Spade, just released its fiscal 2027 first-quarter results alongside a full-year outlook. The company revealed it welcomed 2.6 million new consumers during the quarter, with Gen Zers making up 35% of that group.
These first-time customers helped Tapestry grow 12% in adjusted revenue this quarter and beat estimates.
But the brands are not pulling equally, with Coach carrying the load. While Coach grew 16% on a constant-currency basis, Kate Spade’s sales fell 10% from the year before. Revenue gains at Coach also came with higher prices, with the average price for handbags rising by low double-digit percentages as the number of bags sold also increased slightly.
The company credits its success to Gen Z, a growing consumer base with rising income that aligns perfectly with its “Amplify” growth strategy.
“Our Amplify strategy continues to bring new consumers to our brands through our distinctive combination of creativity, craftsmanship, and value,” Tapestry CEO Joanne Crevoiserat said in the earnings report. “Building on this outperformance, we are raising our full-year outlook, reflecting our confidence in the durability of our growth.”
The brand has caught the attention of young shoppers by partnering with culturally relevant figures, including popular American actress Elle Fanning, South African singer Tyla, and South Korean rapper Jeon So-yeon.
The strategy has translated to social media, with Gen Z consumers making or turning to videos featuring Coach items and discussing their handbags and leather goods.
For instance, in one TikTok video with 472,000 views, content creator Amanda Dawson Verner endorsed the brand by showing off her collection of Coach handbags. “For the price point on these, it feels like a high-end luxury bag,” she said in the video captioned “the ultimate cool girl bag.”
Like Verner, many users praised the quality and price of Coach bags, with users flooding comment sections for advice on what models and sizes to get.
Those with a connection to the brand also added to the buzz, with several sales associates—such as content creators Ava Grace Laurie and Becca Bonney—going viral for showing off their favorite products and answering commenters’ questions while at work.
“Our first quarter marked a powerful start to the year, with revenue, margin, and earnings growth ahead of expectations and strength around the world,” Crevoiserat said. “Behind these results are advantages that compound over time, including our deep consumer understanding, data-driven approach, and global scale.”