Posted by Dale Buss on September 23, 2013 09:25 AM
Tesco launches own-brand tablet, Hudl.
Apple sells nine million new iPhones on first weekend, and is named the UK's coolest brand.
Netflix picks up first Emmy.
American Airlines, US Airways extend merger termination date in light of upcoming trial.
BlackBerry explores taking company private and bets future business on services as it haults BBM roll out for iOS and Android.
Bruegger's and Caribou co-brand in growth effort.
Chanel named coolest fashion brand by UK survey.
Darden Restaurant Group makes job cuts.
ESPN launches new ad campaign for SportsCenter.
Fiat plans to buy GM share of their diesel joint venture.Continue reading...
Posted by Barry Silverstein on September 11, 2013 02:49 PM
Times are changing for UK-based Tesco, but the brand is working to stay ahead of the curve.
The world's third-largest retailer has waved the white flag in the US, selling over 150 Fresh & Easy stores to a US investment company after a six-year failed experiment. The move is part of an international retreat by Tesco that includes last year's exit from Japan and last month's merger of its Chinese operations with a state-owned company, leaving Tesco with just 20 percent of the new venture.
Tesco's broad failure to successfully penetrate global markets leaves the company with one clear direction: concentrate resources on its home turf. The newly launched Tesco Extra, a state-of-the-art "hypermarket" in Hertfordshire, is a way for Tesco to prove it is still very much in the game.
One of Tesco's largest UK stores, the Watford Tesco Extra is being positioned as a "leisure destination" in an effort to get consumers excited again about visiting a traditional retail store. Far more than a grocery, Tesco Extra is a kind of shopping extravaganza that broadens the food category to include a Harris + Hoole coffee shop, a Euphorium bakery, and Giraffe, a Tesco-owned restaurant chain.
Beyond food, shoppers will find wine and spirits, fashion (Tesco's own private-label F&F brand), cosmetics (including manicures), and such services as a pharmacy, an optician, and a nutritional center. Tesco will also offer a community room that could be used for anything from children's birthday parties to yoga classes.Continue reading...
Posted by Dale Buss on September 11, 2013 09:19 AM
Apple gets license to run phones on China Mobile network.
Aramark files for $100 million IPO.
Target launches digital movie and TV service.
BMW fights SUV lead by Mercedes-Benz with new "Boss" version of X5.
Best Buy CEO sells shares to help pay for his divorce.
Four Seasons Hotels starts a food truck.
GM sees Canada sell part of its stake in automaker and perceives opportunity in Europe to push Chevy as value brand.
Gevalia launches frothy K-cups.
Google Play gets a new logo.
Home Depot is accused of shaking down suspected shoplifters.
Intel unveils line of chips for wearable devices.
J&J reintroduces Tylenol.Continue reading...
Posted by Sheila Shayon on September 9, 2013 06:45 PM
Checking out with the scan of a finger? Having farm fresh produce delivered to your doorstep? These are no longer futuristic ideas but real tech being applied to life's most mundane task: grocery shopping.
The latest in-aisle innovations include digital price signs, real-time promotions based on the time of day, smart shopping carts and bar code scanners on mobile devices, many of which are already being utilized by some of the world's biggest retailers like Walmart, Target and Tesco.
"You have an industry that's been kind of stuck in time," Scott Mushkin, an analyst at Wolfe Research, told the Los Angeles Times. "Grocers have to invest. Their business models have been under so much pressure, they're fighting for their lives."
And investing they are. The $518 billion grocery industry has essentially been the last retail sector to take advantage of technological innovations that have come along with the surge of mobile usage. With smarter and more informed customers, grocers are constantly being pushed to be a step ahead, offering more intuitive service and better values.Continue reading...
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...