Posted by Shirley Brady on May 30, 2014 08:56 AM
TOP 5 STORIES
Microsoft's former CEO Steve Ballmer wins bidding war, buys Los Angeles Clippers for $2 billion.
Amazon Prime to offer music streaming this summer.
Google stuggles with diversity, implements EU "right to be forgotten" policy.
Facebook's Mark Zuckerberg donates $120 million to California schools.
Tesco signs China retail deal.
MORE BRAND NEWS
Abercrombie & Fitch cuts back on scents to make dollars.
Apple issues first conflict minerals report.
Bonobos finds an edge in brick-and-mortar.
Chevron, attacked by faux protesters, retreats on clean energy.
Dish Network plans to accept bitcoin payments.Continue reading...
Posted by Shirley Brady on May 16, 2014 09:13 AM
TOP 5 STORIES
As contentious net neutrality proposal gets FCC greenlight, Comcast tightens data limits and firms up new "SpinCo" unit.
Red Lobster is sold by Darden for $2.1 billion.
Pinterest funding round brings valuation to $5 billion.
GM agrees to pay "substantial fine" over switch recall.
Microsoft celebrates Nokia acquisition with stylish brand book, and gets ready to reveal new Surface tablet.
ALSO IN THE NEWS:
Abbot Labs to buy CFR Pharmaceuticals for $2.9 billion.
Barclays stars in London Pride event's first ad campaign.
Cadbury's Dairy Milk touts ice cream in the UK with #freezethejoy push.
CBS unveils plans for 24-hour digital news channel.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...
Posted by Dale Buss on May 6, 2014 09:06 AM
TOP 5 STORIES
Bayer buys Claritin and other consumer brands from Merck for $14 billion.
Fiat Chrysler bets on Jeep, Alfa Romeo in global vision under new five-year plan.
GE bid of $17 billion for Alstom power unit falls short, French president says.
Office Depot plans to close 400 stores.
Walmart finally grows online sales faster than Amazon.
MORE BRAND NEWS:
adidas looks to sell Rockport brand as company misses on profit.
Apple reveals $60 million compensation package for new retail chief Angela Ahrendts.Continue reading...
Posted by Sheila Shayon on February 18, 2014 05:58 PM
British retailer Marks & Spencer is stepping out on its own, leaving its Amazon-based e-commerce platform and launching a new e-commerce site to "transform from a traditional British retailer into an international, multichannel retailer."
M&S CEO Marc Bolland has made digital expansion a key goal for the company, and taking control of its online store back from Amazon is the catalyst for the revamped web presence. The British retailer has 14.5 million shoppers that buy from their stores but not online from its website, which is now more narrative-based and magazine-like to create stickiness and keep them coming back.
‘‘We’ve put customers at the heart of our rebuild so that our new site really reflects how they want to browse and shop with us,” Laura Wade-Gery, M&S executive director multichannel ecommerce, told Design Week in the UK. “Online acts as the shop window to all our stores, products and brand, so we’ve used bigger, bolder and better-style imagery, and we aim to inspire and help our customers with a clear style point of view and compelling editorial content that’s refreshed on a daily basis.”Continue reading...
Posted by Sheila Shayon on January 29, 2014 05:52 PM
The UK's four biggest grocers, Tesco, Asda, Sainsbury's and Morrisons, as well as Marks & Spencer, Waitrose and the Co-op have pledged to release regular updates on the amount of food wasted in their stores starting in 2015.
The move follows Tesco’s admission that it generated 28,500 tons of food waste in the first six months of last year alone.
The commitments from the UK grocer industry were announced at a British Retail Consortium event for a recent report that showed that 25 signatories, representing half of UK retail, exceeded all targets for reducing waste, energy and water usage through 2013.
British Retail Consortium Director General Helen Dickinson said, “Retailers in the UK have made significant progress in reducing their impact on the environment,” Click Green reports. “Retailers will continue to keep this momentum going: they recognise that it makes business sense and delivers real environmental benefits as well as value for their customers.”Continue reading...
Posted by Sheila Shayon on January 21, 2014 06:46 PM
It was only a matter of time until the life-threatening issues surrounding worker safety and the garment industry spread to Cambodia, where just a few months ago a factory disaster claimed several lives.
The residual effects of recent tragedies in Bangladesh, the second-largest garment manufacturer behind China that saw over 100 killed in a 2012 factory fire and over 1,200 workers perish in the Rana Plaza collapse, have spread to other global economies, igniting protests over safety and fair wages.
Protests erupted in Phnom Penh, Cambodia on Dec. 24 after the Ministry of Labor set the garment sector’s 2014 minimum wage at $95 per month, rather than the $160 unions wanted. When security forces opened fire Jan. 3 on a group of demonstrators, four people were killed, 37 injured, and another 23 detained in a prison for four hours.
Now, 30 global brands and several unions have joined the fight, signing a letter to Prime Minister Hun Sen asking the Cambodian government to “address the rights of 23 people detained since deadly garment worker demonstrations on January 2 and 3 and the violation of citizens’ freedom of association," according to the Phnom Penh Post. Government officials said they acted in the public's interest and to protect the workers.Continue reading...
Posted by Dale Buss on December 20, 2013 06:12 PM
Aldi is the diligent brother that doesn't get as much attention as its upscale sibling Trader Joe's. But that may change as the Germany-based grocery discounter launches a 50 percent expansion in the US market in its store population over the next five years in an effort to become America's biggest discount supermarket chain.
Owned by German billionaire Karl Albrecht, whose brother Theo Albrecht owns Trader Joe's, Aldi unapologetically has followed a unique business model in growing to nearly 1,300 US locations in 32 states, mostly in the Midwest and East, nipping at the store count of rival Save-A-Lot, a unit of SuperValu.
Aldi sells low-cost food and other grocer items, mostly private-label goods, in clean, uncluttered stores, an approach that has appealed to economically pinched consumers over the last several years, the Wall Street Journal noted. Its success—and that of TraderJoe's, actually—have painted a direct contrast to the ambitious but quickly failed efforts by fellow European grocery retailer Tesco to invade the US.Continue reading...