Posted by Dale Buss on March 4, 2013 08:46 AM
Walmart philanthropic director Sylvia Mathews Burwell expected to be nominated Monday as Obama's budget chief.
India develops a taste for premium beer while officials approve $2 billion Diageo deal.
HSBC set for $23 billion profit as turnaround gains traction.
AB InBev takes to Twitter and newspaper ads to fight watered-down-beer charges.
AIDS drug breakthrough sees infant evidently cured through early use of virus-blocking drugs.
Alfa Romeo reboot marks tough road for Fiat.
American Airlines drops below 60,000 employees for the first time since 1987.
AOL's new Brand Group CEO Susan Lyne lays out her goals.
Asos joins brands using Twitter's Vine for short form social video marketing.Continue reading...
Posted by Sheila Shayon on March 1, 2013 04:38 PM
The horse meat scandal is spreading across Europe, Hong Kong, Thailand and the Dominican Republic, seizing media attention and making retailers and consumers squeamish at the thought of what could be in their meat.
Four beef products sold by Bird's Eye, Taco Bell and catering supplier Brakes have been found to contain horse DNA as the Britain’s Food Standards Agency (FSA) conducts a third wave of tests.
An aptly titled article, "Having a cow over chow," asks, “What is it about horses? Over in Europe, everyone is happily munching on frozen lasagnas and shop-bought meals from various supermarkets, knowing it has all kinds of dodgy cuts of beef in it. But when it emerges they contain horse meat, everybody gags…Consumers need to ask themselves: When you buy something cheap, why is it so cheap? The answer is often uncomfortable to swallow.”
The FSA is asking retailers to test beef products for the presence of more than 1 percent of horse meat. Specific products in the headlines include Birds Eye's Traditional Spaghetti Bolognese and Beef Lasagna (removed by the company from store shelves last week), Brakes' Spicy Beef Skewer and Taco Bell's ground beef.
"Once we learned of this issue, we immediately voluntarily tested our product for our three Taco Bell restaurants in the UK,” said a spokesperson for the company, which has posted a response to the horse meat crisis on its UK website. "Based on that testing, we learned ingredients supplied to us from one supplier in Europe tested positive for horse meat."Continue reading...
Posted by Shirley Brady on February 13, 2013 11:01 AM
UK-based Tesco stores are celebrating Chinese New Year 2013 with bright red decorations, special food and even a traditional lion dance. Check it out in the video above, which features Georg Fischer, CEO of Tesco Malaysia and Hai Qing Lu, Corporate Affairs Director of Tesco China.
Posted by Dale Buss on January 31, 2013 08:58 AM
Calvin Klein and Speed Stick reveal teasers for Super Bowl debut, while Beyonce's halftime show also offers a sneak peek in our latest Super Bowl brand round-up.
BlackBerry undercuts debut of new BlackBerry 10 with news of more delays.
Deutsche Bank swings to loss as it cleans up its business.
AutoNation to put its own name on most dealerships.
Bazooka Candy is rebranding for a new generation of gum chewers.
Boeing plays down effects of Dreamliner grounding.
Chipotle starts selling organic hoodies.Continue reading...
Posted by Mark J. Miller on January 16, 2013 01:20 PM
Earlier this month, British grocer Tesco happily announced its "strongest sales growth since 2010." But that was before the horse meat showed up.
Now the UK’s largest grocery chain is reeling after Irish government tests revealed horse and pig DNA in the meat products of Tesco, along with other supermarkets. “In Ireland, it is not in our culture to eat horse meat and therefore, we do not expect to find it in a burger,” said the agency's chief, Alan Reilly.
The question is how fast and how completely the company can move to control the damage and address customer skepticism. Its latest marketing efforts — which include a push for its fresh soups and baby-care products — rely deeply on consumer trust. And unfortunately, the soup campaign
goes out of its way to emphasize the farm-to-table concept – something Tesco customers probably don’t want to think too hard about right now.Continue reading...
Posted by Dale Buss on January 14, 2013 08:59 AM
Cadillac sees its ATS named North American Car of the Year at the North American International Auto Show, while Ram celebrates naming of 1500 as truck/utility vehicle of the year.
Hostess strikes a deal to sell Wonder Bread and other brands plus production facilities to Flower Foods.
HP CEO Meg Whitman receives $15.4 million.
American Express travel cuts point to end of an era.
Apple cuts orders for iPhone parts.
Billabong receives another takeover bid.
Deutsche Bank reportedly considers 20-percent bonus cuts in Europe.
GM's Chevrolet division relaunches Corvette brand.Continue reading...
Posted by Dale Buss on January 10, 2013 09:01 AM
AIG decides against joining federal lawsuit.
Boeing tries to defuse fears about Dreamliner.
Yum! Brands apologizes for KFC chicken probe in China.
ArcelorMittal plans to issue stock to cut debt of world's largest steelmaker.
Chrysler sees push from UAW for IPO.
Coca-Cola files claim in China against false fungicide rumors.
Dish Network looks at spectrum as prize in Clearwire gambit as FCC opens doors.
Ford doubles dividend with business humming.Continue reading...
Posted by Mark J. Miller on January 9, 2013 04:28 PM
Ordering fast food is pretty easy to do, but fast-food marketing execs are aiming to make it even easier for consumers, while also saving a bundle on real estate by opening their new locations under someone else's roof.
Nation’s Restaurant News reports that a few fast-food chains aren’t spending all the bucks of creating new standalone locations but instead investing in opening up new eateries inside existing supermarkets, retailers, and convenience stores. While nested within a retailer's branded storefront, bringing their food services directly to shoppers also helps to differentiate the stores from their competitors. Such U.S. fast-food brands as Checkers Drive-In, Fazoli’s and Huddle House are “investing in nontraditional partnerships,” NRN notes, in order to “reach more customers and better serve their franchisees.”
As part of its franchising push with sister brand Rally's, Checkers has opened two in-store Walmart locations and is looking into adding more. “It has to be the right type of partnership,” commented Jennifer Durham, VP of franchise development for Checkers and Rally’s. “With Checkers and Rally’s being the most value-relevant brands in QSR and Walmart being the most value-relevant retailer, it made sense to join forces. We wouldn’t go into a Nieman-Marcus, because that’s not where our consumers live.”Continue reading...