Posted by Dale Buss on July 1, 2013 04:58 PM
Mars candies, including Snickers and Milky Way are now available in unwrapped minis, a move propelled by the lazy snacking habits of today's younger generations—and the strategies of Mars' biggest competitor, Hershey.
Mars has begun earnestly copying the strategy of its archrival Hershey by introducing bite-size versions of its iconic candy bars in unwrapped forms and then throwing a bunch of them in a resealable pouch. The format has proven very popular for Hershey treats such as Kit Kat, Rolo's and Reese's Peanut Butter Cups over the last two years, so Mars has begun to roll out its own version, with Milky Way Bites debuting in May and Snickers Bites this week.Continue reading...
Posted by Dale Buss on July 1, 2013 09:15 AM
Facebook plans to block ads from broader set of "controversial" pages.
Tribune Co. acquires 19 TV stations to become biggest station operator.
Apple paid no UK corporation tax last year, report says as it applies for "iWatch" trademark in Japan.
Amazon quietly lays plans to sell high-end art.
Bank of America commits to "culture change" that will help in Chicago market.
CBS breaks summer ratings mold with success of Under the Dome.
Chobani undergoes another agency review as it fends off stiffening Greek-yogurt competition.
Cirque Du Soleil deals with death of performer in Las Vegas.
Coca-Cola and PureCircle seek regulatory approval for new stevia-based ingredient.Continue reading...
Posted by Dale Buss on June 25, 2013 09:27 AM
Walmart gets boost from local price-comparison ads.
Ford unveils pilot program to improve workers' health and cut costs.
Groupon to pay $500,000 for expired deals in Ontario.
Abercrombie & Fitch looks for cost cuts.
BSkyB suspends Facebook ads over offensive content.
Dollar Shave Club is buying TV ads despite YouTube success.
Dunkin' Donuts draws praise for gluten-free products.
Fox bows double box ad format in MLB telecast.
Hershey took starring role in season finale of Mad Men.Continue reading...
Posted by Dale Buss on June 4, 2013 10:38 AM
Chinese have a sweet tooth but, unlike Americans, it's not mainly for chocolate. So the iconic American chocolate maker is finally adapting itself to the tastes of China as Hershey makes its first major product launch beyond the U.S. market.
Lancaster, known in Chinese as Yo-Man, is a condensed-milk candy aimed at the fastest-growing segment of the quickly expanding Chinese confectionery market. Hershey estimates the segment to be worth $1.2 billion a year, and it accounts for about a quarter of all candy sold.
"We've spent the last two years working with core suppliers, with our consumers and our customers to really develop something that makes sense for the Chinese palate," Steven Schiller, a senior vice president of Hershey, told CNBC. "It's got a premium nature in terms of the slow roasting milk quality to it and we really think that we've hit on something that Chinese consumers are going to love."Continue reading...
Posted by Dale Buss on June 4, 2013 09:20 AM
Zynga cuts staff to pre-IPO level.
Lululemon brings back yoga pants.
Monsanto plans to quit lobbying on GMO issues in Europe.
Apple is accused by prosecutors of helping drive up e-book prices.
Birchbox rebrands its beauty and lifestyle subscription service.
Cadillac posts biggest sales surge since 1976.
Chipotle expands ShopHouse Asian concept.
Dunkin' Donuts to roll out glazed-doughnut sandwich nationwide.
eBay forms partnership with India's Snapdeal.
FedEx parks jets sooner to cut costs as economy slows.Continue reading...
Posted by Abe Sauer on May 24, 2013 11:45 AM
China is the second largest economy in the world and every significant brand's future is impacted by its growth (or collapse)—but who's got the time?! Here's the week's reads that will make you look like a keen China observer in case you find yourself immersed in a cultural conversation.
This week: Shanghai's Gangnam Bar... Maxi pad branded-content... Huang Xiaoming for Busen... Mocking Forrest Gump... Hershey and Nestle... Lenovo PC profits... China buys Fisker... Gatsby, Tesco woes... Hello Kitty melons... Art Basel hits Hong Kong... and more.Continue reading...
Posted by Dale Buss on May 21, 2013 09:22 AM
Apple accused of avoiding billions in overseas taxes.
Hershey launches new brand to get piece of China market.
Foxconn confirms employee deaths.
Best Buy swings to a loss on lower revenues.
Burberry is lifted by China performance.
Chevrolet joins Mad Men buzz on Twitter.
Chris-Craft rebuilds boat maker after recession.
Flowers Foods predicts "record year" after acquisition of Hostess brands.
Giorgio Armani profit is boosted by Asia.
GrubHub and Seamless merge their food ordering services.Continue reading...
Posted by Dale Buss on April 23, 2013 11:51 AM
While the Obama administration continues to deliberate to what extent and how quickly food and beverage companies must communicate more nutrition information on the packages of their products, more CPG leaders are stepping out with their own initiatives to address still-rising concerns about junk food and obesity in America.
Hershey is the latest. The candy leader announced that it will print the amounts of calories, saturated fats, sodium and sugar per serving on the front of all of its packages beginning in the second half of this year and evolving across all of its packaging over the next several years.
"We are doing this because we belive that front-of-pack labeling provides consumers with straightforward information that empowers them to make informed food and beverage choices when shopping," said a Hershey spokesman, according to Candy and Snack Today.Continue reading...