video killed the _____ star
Posted by Sheila Shayon on August 20, 2013 05:10 PM
Tesco, the UK's biggest retailer has moved far beyond its grocery roots. The company has upped its already substantial investment in BlinkBox, a digital download service that streams thousands of movies and TV series to computers, tblets, TVs and Sony's PlayStation 3. Now, its rumored that e-books and music are on the horizon.
Tesco joins the ranks of fellow streaming service operators including Netflix, Amazon, and Lovefilm, all of which contribute to an industry that is projected to hit $20 billion by 2018, with a 17 percent yearly growth. However, if Tesco finds a way to marry together all of its businesses, it could potentially have a leg-up on major competitors like Netlix.
“If you can watch a film and get money off your groceries, petrol or extra Clubcard points, then Blinkbox may begin to look more appealing” than Netflix, Amazon, Lovefilm, and even Apple iTunes, Michael Perry, an analyst at Verdict Research told Bloomberg. “Blinkbox definitely poses a threat.”Continue reading...
Posted by Abe Sauer on August 13, 2013 12:58 PM
After nearly a decade of trying to crack the retail egg that is China, Tesco, the world's No. 3 retailer has thrown in the towel.
The British retailer announced plans to create a joint venture with China's state-owned China Resources Enterprise Ltd., which would marry Tesco's 131 China stores with CRE's nearly 3,000 Vanguard units across China and Hong Kong, creating over $15 billion in sales—much more than Tesco's reported China sales of $2 billion. The deal, though, wipes out the Tesco name from the Asian market, as the retailer will only assume a 20 percent stake in the new venture, Reuters reports.
"This may look win-win, but in reality, Tesco is saying 'I can't figure out China,'" one analyst told Reuters. Like many other foreign retailers before them, Tesco struggled to carve out a solid brand identity for itself among the fast-growing China market, where Walmart and France's Carrefour have been the only foreign supermarket brands that have managed to compete with local outlets.Continue reading...
Posted by Dale Buss on August 12, 2013 09:35 AM
Apple will debut next iPhone on September 10, report says.
Kraft launches comeback plan for Jell-O.
Tesco set to withdraw brand from China.
AOL pushes to make Patch profitable.
Amazon may expand grocery service to New York, report says.
BlackBerry weighs selling itself.
Crocs tussles with Wall Street.
Daimler plans to expand Smart brand in China.
Ford steps up training of assembly workers in wake of shaky launches.
Fox talks with NBC about doing Hillary Clinton miniseries.
GM plans to scale back Korea operations in wake of higher costs, stronger unionism, report says.
Honda tries to save American drive-ins.Continue reading...
Posted by Abe Sauer on August 9, 2013 01:19 PM
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: Louis Vuitton the butt of a joke… Infant formula market goes bonkers… Price fixing… Heatwave hits sales… Sanofi bribery… Colgate counterfeiting… WeChat juggernaut... The "fapioa" nation… Tesla fights trolls... Ford apps… BMW recall… and more.Continue reading...
Posted by Dale Buss on August 9, 2013 09:31 AM
Walmart greatly expands beer sales.
BlackBerry open to going private, Reuters says.
Costco hailed as "cheapest, happiest company in the world."
Apple and Samsung battle into the next round on patents.
Audi expects to top US sales goal this year.
Best Buy works to get its website up to snuff.
Cadbury uses creative defense in India tax case.
Coca-Cola plots returning Mello Yello citrus soda to national status.
Danone buys fun yogurt brand to add to US expansion.
Elizabeth Arden says orders have evaporated for celebrity perfumes.
Facebook is cautious about video advertising.Continue reading...
Posted by Dale Buss on July 31, 2013 09:20 AM
Tata is ranked No. 1 in Interbrand's Best Indian Brands 2013 report.
Yahoo and NBC team up to develop cross-platform sports shows.
Facebook plans to sell TV-style ads for $2.5 million each, as it moves into mobile games publishing.
Ford and Toby Keith ride again, as automaker announces plans to offer F-150 that rides on natural gas.
ABC leads rival networks in summer ratings.
Accenture is in talks about acquiring Booz & Co.
Air Products & Chemicals sees activist investor Bill Ackman take nearly a 10 percent stake in company.
BP fund for Gulf spill is running out.
Candia, a French milk brand, plans to set up shop in China to take advantage of consumer concerns.
CBS continues to court boomers.
Coach shuffles management after weak results.Continue reading...
Posted by Barry Silverstein on July 25, 2013 12:46 PM
As global retailers find a tightening competitive environment in the US and Europe, many are in search of emerging and middle-of-the-road markets to extend their brand. China has been fertile ground for the past few years, as evidenced by the growth of Western auto sales. But the next wide open opportunity for Western brands may be India, a market with a $500 billion retail potential.
The second most-populous country in the world won't be the easiest market to win over, however. For one thing, India boasts its own cadre of domestic brands in various categories. Already accepted by Indian consumers, some of these brands are positioned to effectively compete with multinational rivals, especially across food, beverage and auto.
Of even greater significance, though, is a regulatory environment in India that, until recently, made it very difficult for companies not based in India to penetrate the market. That may be changing.Continue reading...
Posted by Dale Buss on June 17, 2013 06:02 PM
If there's one thing that American CPG brands and retailers have learned over the last three years, it's that there definitely is a new normal when it comes to the attitudes of US consumers about their pocketbooks. The economy may be slowly coming back, but there doesn't appear to be much change in the recession-borne dedication of grocery shoppers to getting the absolute most out of their supermarket dollars.
That's the bottom line being addressed by food-industry brands in various ways these days. Kroger's latest move has been to open a stream of stores, mostly around the Midwest, under a new discount brand called Ruler Foods.
Part of JayC Food Stores, which Kroger purchased in 1999, Ruler Foods now has 18 locations under a test concept for the Cincinnati-based grocery giant, according to the Commercial News in Danville, Ill. Rulers sells Kroger brand food and a limited assortment of other national-brand items.Continue reading...