see you in court
Posted by Mark J. Miller on October 15, 2014 12:56 PM
More than a billion pairs (give or take) of Converse Chuck Taylors have been worn on basketball courts around the globe, but now the 97-year-old brand is hoping it can pull out a few wins in a totally different court: the court of law.
Nike’s Converse has filed suit against 31 companies, including such big names as Walmart, Kmart, Ed Hardy, Skechers and Ralph Lauren, claiming that its All Star trademark has been infringed upon and that imitations of its iconic athletic shoe must stop being sold, the BBC reports.
The legal action covers a lot of geographic ground since some of the companies are based in Australia, Italy, Japan, and China. In addition to the suits, Converse has also asked the International Trade Commission to ban imports and sales of the imitation shoes.Continue reading...
Posted by Dale Buss on October 13, 2014 09:02 AM
Fiat Chrysler Automobiles (FCA) debuts on NYSE today as Marchionne begins last lap at helm.
JCPenney taps next CEO, Marv Ellison, from The Home Depot.
Kmart is dragging down parent Sears and gives free credit monitoring after credit-card data was stolen.
Katy Perry will headline Super Bowl halftime show.
McDonald's tests customized build-your-own burger kiosks in Australia.Continue reading...
Posted by Mark J. Miller on September 11, 2014 04:42 PM
It may only be September, but retailers both online and off are getting an early start on their fourth quarter earnings.
Walmart released its hot-toy list and its holiday marketing plans just hours before Toys “R” Us held its annual holiday preview, NorthJersey.com reports. Walmart will offer free layaway and is offering to match the prices of competitors. The list of 20 toys was culled after hundreds of kids played with 80 toys and voted on their favorites. Toys making the list include a sewing machine, a “Snow Glow Elsa Doll,” and Mattel Hot Wheels Street Remote Control Flying Car.
The marketplace is overstuffed with major retail players vying for holiday shoppers' dollars, including Amazon, Target and Walmart. But as the site notes, more players means less cash for all since toy sales in America have “stayed relatively flat for nearly a decade, hovering around $22 billion.”Continue reading...
Posted by Mark J. Miller on August 25, 2014 11:17 AM
Kmart’s Pay In Store program is already a year old, but the brand is putting some fresh effort behind the offering as it moves to adapt to a more digital retail landscape.
The program lets customers to order products online and then pick them up and pay for them in-store, allowing consumers to shop online whether they have access to credit or not. The initiative is similar to Gap's Reserve In-Store function, which allows online shoppers to locate an item in a local store, reserve it online, and then go and pick it up.
Kmart's new push behind the in-store pick-up service includes a new ad, "Shop Like a Boss," featuring a funky granny.Continue reading...
Posted by Dale Buss on August 25, 2014 09:41 AM
Burger King is in talks to buy Tim Hortons in Canada-based tax-inversion deal, report says, as chain gives away smartphones in promo.
Samsung leverages Emmys as engagement event for its TV brand as it takes the Ice Bucket Challenge.
Sony says its PlayStation network is back online after cyber attack and after threat on exec's life diverted airliner.
Roche buys drug maker InterMune for $8.3 billion.
McDonald's not expected to be banned in Russia but brand loses luster with Millennials.
MORE BRAND NEWS
Advertising Standards Council of India bars skin-lightening ads that portray dark-skinned figures negatively.
Airbus pursues far-off routes.
Ann Taylor sees shareholder activist push for a sale of the company.
BlackBerry wins another round in court against Ryan Seacrest-founded company.
Chevy's 2015 Corvette Z06 is the most expensive ever.
Coca-Cola plans massive sampling support of rollout for low-calorie Life.Continue reading...
Posted by Dale Buss on July 10, 2014 09:33 AM
American Apparel gets $25 million lifeline from hedge fund as Bloomberg Businessweek details Dov Charney’s “sleazy” campaign to control company.
Harley-Davidson recalls 66,000 motorcycles.
Donald Sterling vows never to sell Los Angeles Clippers.
Kia adds “sonic branding” with startup jingle.
Samsung faces new child labor allegations.
MORE BRAND NEWS
adidas claims World Cup victory over Nike and introduces FuelBand rival smart band.
Aereo signals it sees path to survival.
Amazon offers to give Hachette e-book money directly to authors.
Apple patents a way to make all-glass devices and wins EU trademark for store designs.
Bob Evans risks shareholder unrest after weak quarter.
Boeing sees no end to jetliner boom.
Bud Light supports Lime ‘Ritas.Continue reading...
Posted by Dale Buss on May 22, 2014 12:16 PM
JCPenney and maybe even Target may be pulling out of their sales swoons, but Sears just keeps on crumbling—maybe to a point of no return.
The thoroughly troubled chain reported a broader net loss, a 7 percent drop in revenue and flat same-store Sears sales for the most recent quarter as it continues to consolidate and pull back, closing stores and spinning off assets in the hopes that it will eventually find a bottom.
Curiously, owner and CEO Edward Lampert still struck an upbeat note in a letter to shareholders, proclaiming that Sears this year will demonstrate its efforts to evolve beyond a brick-and-mortar retailer to an integrated model that puts it at the forefront of e-tailing.
“That may sound odd given our financial results,” he wrote. “But not only do I believe that we are headed in the right direction in important ways, I believe the entire retail industry is headed to where we already are.”Continue reading...
Posted by Mark J. Miller on January 17, 2014 03:53 PM
This past holiday season was not a good one for big-box retailers and Best Buy is the latest to take a big hit. Its shares fell about 30 percent Thursday to erase around $4 billion of its market value after the company announced that it was going to have “a bigger-than-expected decline in quarterly operating margins,” according to Reuters.
"It just seems that the promotions did not drive incremental sales, that opening on Thanksgiving just added costs," Janney Capital Markets analyst David Strasser told the wire service.
It’s a tough pill to swallow for Best Buy, which had been one of 2013’s hottest stocks after launching a turnaround effort to combat showrooming from online retailers. Best Buy, of course, wasn’t the only big-name retailer that had a lousy holiday season. Sales at Sears stores in the nine weeks that ended January 6 were down 9.2 percent while Kmart’s were down 5.7 percent in the same time period, adding to what is becoming a legacy of decline. “Sales at the company have been falling since 2005, when billionaire hedge fund manager Edward Lampert merged the two US chains in an $11 billion deal,” Reuters notes.Continue reading...