Posted by Dale Buss on August 20, 2014 09:31 AM
McDonald's in Ferguson, Mo., becomes headquarters of protest coverage as brand names first US VP of digital, rolls out bagged McCafe coffee with Kraft across US, and sets to offer mandarin oranges.
Uber hires former Obama campaign chief as lobbyist and tests delivery service in D.C.
Staples accelerates turnaround actions as sales continue to fall.
Walgreen shakes up executive ranks after projection was off by $1 billion.
Petsmart explores possible sale.
MORE BRAND NEWS
AirAsia takes advantage while Malaysia Airlines wallows in tragedies.
Apple soars to stock record amid optimism about upcoming products.
Audi airs Emmys promo that's heavy on celebrity cameos (at top).
Boeing may boost production of its bestselling 737.
Brita recalls thousands of child water bottles.Continue reading...
Posted by Sheila Shayon on July 30, 2014 05:37 PM
RadioShack, still hemorrhaging cash and in danger of running out altogether before a turn-around, is rolling out 21 remodeled stores in the San Francisco Bay area in a eleventh hour attempt to counteract its steep stock decline.
"As a technology mecca, San Francisco has long been an important market for the RadioShack brand, so it makes sense to open a significant number of our interactive remodeled stores for customers in the Bay Area," said Mike DeFazio, RadioShack SVP store operations, according to the Dallas Business Journal. "These stores are built on customer feedback from more than 40 concept stores we have opened in the past year.”
The remodeled stores showcase the brand’s new Fix It Here! service for repairing mobile devices as well as products from startups and inventors like mobile-controlled robot ball Sphero. An interactive speaker wall lets customers compare and purchase speakers from in-store tablets while a headphone demo station offers up brands like Beats By Dre, Skullcandy and more.Continue reading...
Posted by Dale Buss on July 30, 2014 09:22 AM
McDonald's told that it must address workers' complaints regarding protest discipline in ruling considered major victory for fast food workers.
Amazon plans to invest $2 billion in India as it calls for Hachette to lower e-book prices in their dispute.
Burger King follows Yum! Brands in cutting ties with China meat supplier.
Johnson & Johnson turns to social media to lure Millennial moms to baby products after cutting out controversial ingredients.
Apple's iWatch patent approved, but launch may be pushed back.
MORE BRAND NEWS
Best Buy CEO sees tablet sales "crashing."
Boys & Girls Clubs turns to fear in new campaign.
C-SPAN is headed behind the cable TV paywall.
Chrysler is sued over Jeep ignition-switch failures.
Dunkin' Donuts partners with Discovery for Shark Week promo.Continue reading...
Posted by Dale Buss on June 11, 2014 07:29 PM
RadioShack has the look of a company re-arranging deck chairs on a corporate Titanic, trying every possible new trick in order to avoid a demise of the brand that seems to grow more inevitable every day.
The chain’s latest gambits? Crowdsourcing ideas for products that it will have produced and then sell in its stores, as well as expanding a quick fix-it service.
On Tuesday, RadioShack posted a 14 percent drop in same-store quarterly sales and a widening loss of $98 million, blaming its continuing decline on an industry-wide slowdown in US spending on consumer electronics and the evaporation of big subsidies from cell-service companies as well as intensifying competition from wireless carriers’ own retail outlets. The company is closing 200 stores this year, scrambling for cash and credit, slashing expenses and watching its stock tank.
“The entire team is mindful of every dollar we’re spending” as the chain tries to repair the gaping holes in the RadioShack roof, CFO John Feray told investors.Continue reading...
Posted by Shirley Brady on June 9, 2014 08:57 AM
TOP 5 STORIES
adidas partners with YouTube for The Dugout World Cup streaming channel, and leads FIFA sponsors calling for an inquiry into Qatar's bid. Above, its latest World Cup spot (with David Beckham, Lucas Moura, Zinedine Zidane and Gareth Bale), which has passed 9 million views since Friday.
Tyson Foods wins bidding for Hillshire Brands.
Amazon starts managing payments for third parties.
Barclays joins wearable tech revolution with contactless payment wristbands.
Gap Inc. becomes first US retailer in Myanmar with Old Navy and Banana Republic manufacturing.Continue reading...
Posted by Dale Buss on May 12, 2014 09:33 AM
TOP 5 STORIES
Citroen becomes second automaker to name female CEO.
Disney aims to expand Frozen success to other platforms.
Hillshire Brands acquires Pinnacle Foods in $6.6 billion deal.
Ford tries to avert launch problems in big new-product year as it issues two more recalls on Escape.
Samsung reports chairman is stable after heart attack and surgery as company sets sights on biotech.
MORE BRAND NEWS:
Apple/Beats tie-up (still unconfirmed) faces skeptics.
AT&T interest in DirecTV reportedly heats up.
Audi strives to maintain lead despite product trough.
BMW triples carbon-fiber capacity in US plant.
Citizen plans first retail concept store in North America.Continue reading...
Posted by Dale Buss on March 6, 2014 03:42 PM
Is it only online sales? Dwindling incidence of printing from the computer? Or are the winter weather, slow-growth economy, and dollar stores also to blame for the fact that Staples has become the second major chain this week to announce a mass closing of stores.
The nation's largest office-supply company, one that helped remake the face of American retailing a generation ago into a collection of "big boxes," said it's going to close more than 10 percent of its North American stores by the end of next year, up to 225 of them, as part of a plan to save about $500 million a year.
The reason cited is that nearly half of Staples' sales now are online, both to businesses and consumers, and it must adjust. "This is essential," Staples CEO Ron Sargent told analysts, according to the Associated Press in describing his plan to "fundamentally reinvent" Staples.Continue reading...
Posted by Mark J. Miller on March 4, 2014 12:52 PM
RadioShack Joe Magnacca has pulled every rabbit out of the retailer's tattered hat. The embattled electronics brand has shuffled executives, changed its logo, redesigned its stores, and even had one of the most popular Super Bowl commercials.
But to no avail. RadioShack has continued its downward spiral and has announced with its fourth quarter earnings that it will close 1,100 of its retail locations after reporting dismal fourth-quarter numbers.
Sales during the prime holiday-season were $935.4 million, down from the $1.17 billion made in the same quarter a year earlier and significantly lower than the $1.12 billion analysts, on average, were looking for, Reuters reports.
Stores that had been open for at least a year saw sales fall 19 percent. In 2012’s fourth quarter, the company’s net loss had been $63.3 million. This time, it was $191.4 million. The news inspired the company’s stock to drop almost 24 percent.Continue reading...