Posted by Mark J. Miller on January 8, 2015 02:18 PM
Tesco, one of the top three food retailers in the world, has had a very rough stretch, thanks to an accounting scandal last fall that had the company overstating its first-half results by £263 million, or about $424 million.
The UK retailer today announced its plan for a much-needed turnaround for Britain's largest food retailer, including slashing prices, closing (or not even opening) a number of stores, replacing its UK CEO and selling off some of its assets, such as its Dunnhumby data-analytics business. It also just sold its unprofitable movie-streaming service, Blinkbox.
The lower prices aren’t on just a few things, either. Tesco has started a price war by lowering the prices on about 380 branded products, such as Warburtons Crumpets, Nutella, Branston pickles, Cadbury chocolates, Kellogg's breakfast items and (gasp!) Britain's beloved Marmite yeast spread.Continue reading...
Posted by Dale Buss on January 5, 2015 09:03 AM
McDonald's refreshes "I'm Lovin' It" tagline with TV commercial featuring Grumpy Cat, SpongeBob SquarePants and other characters.
CES 2015 gets rolling in Las Vegas with emphasis on Internet of Things—among many, many other things.
AirAsia crash may have been caused by icing, Indonesian report says.
Xiaomi doubled 2014 sales to $12.2 billion, leading some to wonder: too fast, too soon?
Dannon, official yogurt of the NFL, bows out of Super Bowl advertising as it swaps John Stamos for NFL quarterback Cam Newton.Continue reading...
Posted by Sheila Shayon on November 27, 2014 05:02 PM
As Black Friday continues going global, the quest to make shoppers embrace online/offline omnichannel shopping this holiday is moving underground.
British retailer Argos, the UK's biggest High Street retailer online, has opened its first Underground store at London's Cannon Street Tube station as a click-and-collect depot during the holiday season in partnership with Transport for London (TfL).
The underground Argos Collect store offers access to 20,000 products, pitching convenience to time-pressed commuters, who make an average of 4.2 million journeys on the London Underground every day, with the enticing prospect that all products ordered by 1pm can be picked up on the go within hours.Continue reading...
Posted by Abe Sauer on November 19, 2014 04:01 PM
War, what is it good for? Absolutely nothing—except pulling at the heartstrings, perhaps.
During this most lucrative retail holiday of the year, a pitched battle is underway by UK brands looking to wrench hearts and wring a few pounds out of shoppers.
Sides have been taken by bystanders (like PETA) while newspapers' op-ed pages are weighing in on the gentlemanliness of the contest.
The winner—by a flipper—turns out to be this year's first mover waddler in the annual battle that is British holiday advertising.Continue reading...
Posted by Dale Buss on September 9, 2014 09:09 AM
Apple launch today of new iPhone (starring U2) is biggest test yet for CEO Tim Cook.
General Mills buys Annie's organic foods brand.
Home Depot confirms major data breach that could rival Target's breach.
Jimmy Choo plans $1 billion IPO.
McDonald's August sales slump as US decline reaches fourth month.
MORE BRAND NEWS
AbbVie and other drug makers are sued by FTC for delaying generic competition of testosterone-replacement drugs.
Amazon slashes price of Fire smartphone.
Baltimore Ravens fires player Ray Rice after domestic-violence video surfaces, and NFL suspends him indefinitely.
Coach names new president and COO.
Dave & Buster's Entertainment files for second IPO attempt in three years.Continue reading...
Posted by Mark J. Miller on June 11, 2014 07:01 PM
Marrying digital commerce with bricks and mortar has been a challenge for retailers since Amazon showed up and changed the game. But after years of trial and error and new innovations in online and mobile shopping, brands have finally found a way to make it work.
Sainsbury’s, Britain’s second-largest grocery chain, is now following rivals Tesco and Asda into the world of click-and-collect, enabling customers to purchase online in the morning and pick up their items at locations in seven different subway stops on the way home from work. In addition to providing more convenient options for its one billion-pound online business, there are benefits for its partner, too. Transport for London, aka the London Tube, is hoping to bring in £3 billion ($5 billion) by renting out spaces across its 270 stations to the grocer.
And in the US, Target is hoping to catch up to competitors by making big investments in digital, including Store Pickup, its own click-and-collect service that allows shoppers to order goods online and then pick them up in-store the same day.Continue reading...
Posted by Shirley Brady on May 15, 2014 08:28 AM
TOP 5 STORIES
The New York Times ousts its first female executive editor as Le Monde's female top editor resigns.
Dixons and Carphone Warehouse to merge in the UK as Dixons Carphone.
McDonald's, Burger King and other fast food brands brace for walkouts across U.S. and globally.
Univision and T-Mobile partner on co-branded Hispanic wireless service.
Walmart profit hit by severe winter weather as Asda unit restructures and warehouse workers win back pay.
ALSO IN THE NEWS:
Amazon wants to charge more for "access to its pipes."
Apple and Samsung compete for "atom-thick patents" as Apple's Beats deal may be announced next week.
Beefeater celebrates modern London with limited-edition packaging.
BMW and Toyota's Lexus reportedly partner on "supercar."Continue reading...
sip on this
Posted by Dale Buss on May 6, 2014 02:48 PM
Starbucks continues to adjust to new realities in the important U.K. market. Not only will it be paying more taxes there following a public outcry, but now the icon of American "lifestyle" coffee brands is bringing its less-expensive Seattle's Best Coffee marque to Britain.
The arrival of Seattle's Best in the UK appears aimed at shoring up Starbucks' performance against less-expensive coffee competition from McDonald's and other quick-service restaurant brands. Starbucks sales fell in fiscal 2014 in the U.K. for the first time since Starbucks entered the market in 1998. In a cost-cutting move, the company has been closing some of its 550 British outlets that aren't profitable due to expensive rents.
"We chose to launch Seattle's Best Coffee in the U.K. because we know Brits love their coffee," Simon Hillier, Starbucks European foodservice director, told the Independent. The cheaper brand offers an "everyday range" of coffees for "coffee-on-the-go consumers." Those consumers will have to search a bit to find the Starbucks-owned SBC, however.Continue reading...