Posted by Dale Buss on October 8, 2013 09:21 AM
Nielsen formally unviels plans to track TV-related conversations on Twitter.
HBO brings a la carte programming to Google Play.
Juicy Couture brand is sold for $195 million.
ACE bandage brand partners with LL Cool J for promotion.
Alcatel-Lucent sheds 10,000 jobs.
Amazon defeats IBM in CIA cloud dispute.
Burt's Bees tweaks literary classics in Vine, Instagram campaign.
Dollar General opens 11,000th store.
Dunkin' Donuts adds SoCal units.
Google puts support behind program to create affordable internet.
JCPenney sees bottoming-out.Continue reading...
Posted by Dale Buss on September 30, 2013 05:41 PM
Forget covetous little kids: Christmas can't come soon enough for JCPenney, because its very survival could depend on whether consumers load up its stocking—or leave the struggling retailer with a giant lump of coal.
The chain announced last week that it would sell 84 million shares of stock in a secondary offering. That promised to feed JCPenney with enough cash to keep the doors open for a while. But even that move included strong strains of the brand's desperate position because the financing of up to $932 million could represent more than one-third of the company's total capitalization these days.
And investors late last week didn't take much solace in the move either, pushing JCPenney's share price down by another 10 percent.Continue reading...
Posted by Dale Buss on September 30, 2013 09:22 AM
Apple named world's most valuable brand, passing Coca-Cola, on Interbrand's Best Global Brands 2013 report.
JetBlue launches premium brand, Mint.
IKEA starts UK solar push.
AOL to start advertising on TV again.
BlackBerry starts selling unlocked phones direct to US buyers.
DirecTV plans to help finance indie films.
Ford sends the checks to soothe C-Max owners on fuel economy as company is said to retain CEO Alan Mulally's "absolute focus" despite reports about Microsoft job, while Ford prepares heir apparent.
GM can't keep up with demand for V-8 pickups.
Home Depot scales up Redbeacon service for small contracting jobs.
Intel invests in wearable device maker Recon.
JCPenney remains on the brink.Continue reading...
Posted by Dale Buss on September 27, 2013 09:33 AM
McDonald's draws praise for healthier-food initiative.
Barilla CEO apologizes for anti-gay comments.
BlackBerry loses nearly $1 billion in quarter as customers are urged to be cautious about company's future.
Allstate spreads "Mayhem" across social media.
Apple issues update for iOS 7 to fix lock-screen bug.
Bloomberg News shuffles management.
Chrysler fixes problem that had stalled output of new Jeep Cherokee.
Dove marketing execs take home 'Grand Brand Genius' award at Ad Week for viral 'Sketches' ad.
Dunkin' Donuts launches t-shirt design contest.
EA settles suit but pauses NCAA game over outcome.
Eight O'Clock Coffee launches TV spots after seven-year hiatus.Continue reading...
Posted by Dale Buss on September 26, 2013 09:21 AM
Twitter and NFL agree to sell video-ad packages together as Twitter introduces emergency alert system.
Red Bull refuses to pull controversial ad using Titanic in UK.
Target rolls out its movie-streaming service.
Air Products looks for new CEO.
Boeing works to fix 787 glitches.
Daimler launches US campaign for Car2Go car-sharing service.
Darden Group defends pay practices for restaurant employees.
EBay buys Braintree global payment platform.
Elle and Cosmopolitan plan to include actual vials of perfume with next issues.
Fonterra pushes forward with own-brand in China despite recall.
Groupe Danone faces bribery allegations in China.Continue reading...
Posted by Dale Buss on September 13, 2013 10:06 AM
It's not the same kind of drama he created on the witness stand in the Macy's suit against JCPenney and Martha Stewart last spring. But Macy's CEO Terry Lundgren can still generate some anxiety when he calls store managers from his car as little as 10 minutes before conducting a surprise visit. "The first five minutes are a little uncomfortable," he told Bloomberg.
These drop-ins have taken on added urgency for Lundgren and the chain, the publication noted, as Macy's struggles like many other retail chains with the slow-growth American economy, in which middle-income shoppers particularly are feeling a financial pinch. The iconic department store brand also is trying to do a better job of exploiting its digital database on customers without tripping on privacy issues.
Neither the back-to-school season nor a cool summer across much of the country nor even anticipation of the winter holiday season has helped national department store retailers regain the mojo that they last possessed before the Great Recession. The largest US department store chain, Macy's last month reported second-quarter profits that missed estimates and lowered its forecast.Continue reading...
Posted by Dale Buss on September 5, 2013 05:41 PM
In a major move worthy of the strongest comparisons to SNL's Roseanne Roseannadanna, JCPenney CEO Myron Ullman reportedly has said he no longer wants Martha Stewart home merchandise in the retailer's stores.
The New York Post reported the blockbuster news that Ullman wants to pull the plug on the Martha Stewart designs that are the subject of a bitter lawsuit between Macy's and an alliance of JCPenney and Martha Stewart Living Omnimedia. And the judge hasn't even ruled on the case yet.
Earlier this year, JCPenney actually had begun to roll out several home lines of new Stewart-designed products under its deal with her, even as the trial was going on. The partnership with Martha Stewart was a major move made by previous JCPenney CEO Ron Johnson in his efforts to transform the retail brand, but Macy's objected vigorously to it because the rival chain insisted it had an exclusive deal with Stewart for such wares.Continue reading...
Posted by Dale Buss on September 5, 2013 09:26 AM
JCPenney reportedly shelves Martha Stewart deal.
Samsung unveils Galaxy Gear smartwatch as Qualcomm also enters smartwatch fray.
McDonald's tests higher-priced dollar menu.
Anheuser-Busch InBev partners with University of Illinois for big data edge.
Balenciaga sues former creative director for defaming brand.
BlackBerry seeks buyer by November.
Campbell will launch soup K-Cups next year.
Chobani recalls "fizzy" Greek-yogurt cups.
Covergirl joins NFL's pitch to female fans.
Dunkin' Donuts taps Eli Manning to promote app.
El Chico expands rebranding program.
GoDaddy steps away from jiggle marketing.Continue reading...