Posted by Katie Conneally on July 10, 2014 06:17 PM
It used to be that you could spot bold nail polish colors, elaborate nail art and sparkling gel manicures on hands left and right. But after several years of unparalleled growth, the nail polish market has slowed down, with retailers like Coty (which owns OPI) noting a four percent drop in sales at the end of 2013.
So this year, it’s no surprise that nail polish brands are turning to new, innovative partnerships to reposition nail polish as not just a beauty product, but a key part of consumers' aesthetic lifestyle, in an attempt to drive sales and attract new customers.
OPI is leading the way through a collaboration with Clark+Kensington, a line of house paints from Ace Hardware. Together, they’ve developed three new color palettes of house paint that match some of OPI’s most illustrious colors. Each palette contains 6 shades and is designed to reflect consumers’ personalities with names like "The Artist," "The Wild Heart" and "The Romantic."Continue reading...
see you in court
Posted by Mark J. Miller on July 10, 2014 05:32 PM
Skechers USA, the fifth-largest athletic shoe company in the US, has a shoe rack full of legal issues these days, and it's not the only one doing the filing.
The company has filed a suit against Fila and its Amazen Memory Moc shoes saying that it “infringed patents related to Skechers Go Walk shoes,” Reuters reports. It’s only been about a month since Skechers filed a similar suit against Reebok's Walk Ahead RS shoes, saying the footwear also infringed on its Go Walk shoe patents.
Skechers is doing everything it can to protect its growing revenue stream, as it “has reported higher sales in recent quarters, boosted in part by an effort to expand into the performance-running market," the Wall Street Journal notes.
“Skechers has made extensive investment in designing, developing, advertising and patenting our Skechers Go Walk product line and has built Skechers Go Walk into a name and look globally recognized and synonymous with Skechers,” said Skechers COO David Weinberg in a press release. Continue reading...
chew on this
Posted by Dale Buss on July 10, 2014 04:29 PM
General Mills says it’s going to try hard to revive US cereal sales, but the CPG giant isn’t going to be content with re-inventing the wheel: The company also is investing heavily in a variety of other new products, in marketing to Millennials and in expanding its distribution in convenience stores and foodservice locations.
The company, like Kellogg's, has been stymied by a steady decline in sales of their traditional staple, ready-to-eat cereal. So part of its answer is to exploit more eat-away-from-home occasions where General Mills brands and products have never been a big part of the menu. C-stores have become a main target.
“Many of our snack items leverage our US retail brands and offer different formats and flavors specifically for our convenience-store customers,” said Bethany Quam, the company’s newly named president of convenience stores and foodservice, in a recent investor presentation.Continue reading...
Posted by Shirley Brady on July 10, 2014 04:04 PM
On Monday, the Crumbs Bake Shop chain announced it was going out of business. Now, according to CNBC, Crumbs is "close to securing financing from a prominent investor group" in a deal that would save the chain.
The investors include Fischer Enterprises, which saved Dippin' Dots from bankruptcy in 2012 and owns a stake in Crumbs, and Marcus Lemonis, chairman and CEO of Camping World and Good Sam Enterprises, the "turnaround king" who stars on CNBC's reality series, The Profit.
Lemonis has been retweeting media reports of the Crumbs closure with his own comment, either "not dead yet" or "stay tuned."
Posted by Sheila Shayon on July 10, 2014 03:39 PM
Apple scored a victory in an EU court ruling today, allowing the company to register the layout of its retail stores in Europe as a trademark, extending its intellectual property right that it acquired in the U.S. in 2010.
EU's top court said Apple's flagship stores fulfilled requisite trademark criteria: they constitute a sign, can be represented in a graphic and distinguish goods or services of one company from another. In its global expansion, Apple met resistance from German authorities last year, took the issue to court, and it eventually came before the European Court of Justice, the final arbiter on EU law.
"From this the Court concludes that the representation of the layout of a retail store, by a design alone, without indicating the size or the proportions, may be registered as a trade mark for services," the court’s judgment said.
Going forward, new Apple stores will have a slightly different look.Continue reading...
World Cup Daily
Posted by Mark J. Miller on July 10, 2014 02:22 PM
When Argentina’s Maxi Rodriguez put the final ball into the back of the net at the end of the seemingly endless World Cup semifinal against the Netherlands, there was a lot of celebrating going on across the globe. One place where there was sure to be extra high fives was within the offices of adidas.
The game, along with the other World Cup semifinal between Germany and Brazil, had pitted teams outfitted by adidas against those outfitted by Nike, and in both cases, the adidas-clad team won. Now adidas will have a World Cup final all of its own, featuring the man who has been the centerpiece of its World Cup-related marketing: Argentina’s Lionel Messi.
“Sponsoring the final teams is the grand prize for the apparel brand,” John Kristick, global chief executive officer of ad buying agency GroupM, part of WPP Plc., told Bloomberg. “There will be an immediate sales lift in the winning country, but these teams are football powerhouses—where, win or lose, the support for product sales will remain strong.”Continue reading...
Posted by Abe Sauer on July 10, 2014 12:44 PM
What does a brand do with a problem like Dov Charney?
Not even a month after the American Apparel board canned its CEO and founder over supposed misconduct, eagle-eyed shoppers (via Buzzfeed) posted pictures of Charney shopping (or something) inside downtown Manhattan American Apparel retail locations, actions that appear to be in clear violation of the board's termination letter which stated he must get “advance written permission” to visit any American Apparel facility.
But maybe not. According to new SEC filings, American Apparel is getting a $25 million bailout from New York City hedge fund Standard General. It's a bailout that seemingly could keep Charney as a key figure in American Apparel's future.
Dov's weeks-long struggle to raise money to up his share of the company from 27 percent to 43 percent is chronicled in detail in a new Bloomberg Businessweek cover story on the drama. Granular to the extreme—Charney wore "white American Apparel socks" and used Uber during his travels from Los Angeles to NYC—the piece breaks down a decade-long soap opera that appears far from over. Indeed, Charney is still salaried and considered a "consultant."Continue reading...
sip on this
Posted by Alicia Ciccone on July 10, 2014 11:07 AM
Ready, set, SLURP!
7-Eleven's Free Slurpee Day kicks off Friday, July 11 at participating locations where fans of the frozen, carbonated beverage will no doubt line sidewalks in hopes of snagging a free small Slurpee before supplies run out. But this year, as the convenience chain celebrates its 87th birthday, 7-Eleven is extending the festivities for an entire week (actually eight days).
Consumers that download and register with 7-Eleven's app will get access to special daily coupons from July 12 through July 19 for free snacks like M&M's birthday cake candies, free Hostess Twinkies, a Snickers or Twix-brand ice cream bar or a free Big Gulp soft drink.
The celebration marks the 12th year that the brand has given away the free drinks, which are celebrating 49 years of frozen goodness.Continue reading...