Posted by Dale Buss on May 22, 2014 12:16 PM
JCPenney and maybe even Target may be pulling out of their sales swoons, but Sears just keeps on crumbling—maybe to a point of no return.
The thoroughly troubled chain reported a broader net loss, a 7 percent drop in revenue and flat same-store Sears sales for the most recent quarter as it continues to consolidate and pull back, closing stores and spinning off assets in the hopes that it will eventually find a bottom.
Curiously, owner and CEO Edward Lampert still struck an upbeat note in a letter to shareholders, proclaiming that Sears this year will demonstrate its efforts to evolve beyond a brick-and-mortar retailer to an integrated model that puts it at the forefront of e-tailing.
“That may sound odd given our financial results,” he wrote. “But not only do I believe that we are headed in the right direction in important ways, I believe the entire retail industry is headed to where we already are.”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 Dale Buss on May 12, 2014 09:33 AM
TOP 5 STORIES
Citroen becomes second automaker to name female CEO.
Disney aims to expand Frozen success to other platforms.
Hillshire Brands acquires Pinnacle Foods in $6.6 billion deal.
Ford tries to avert launch problems in big new-product year as it issues two more recalls on Escape.
Samsung reports chairman is stable after heart attack and surgery as company sets sights on biotech.
MORE BRAND NEWS:
Apple/Beats tie-up (still unconfirmed) faces skeptics.
AT&T interest in DirecTV reportedly heats up.
Audi strives to maintain lead despite product trough.
BMW triples carbon-fiber capacity in US plant.
Citizen plans first retail concept store in North America.Continue reading...
Posted by Sheila Shayon on March 10, 2014 01:12 PM
Beauty retailer Sephora epitomizes a customer-centric brand by combining smart tech and digital savvy to create one of the best customer experiences in today's marketplace. So it's no surprise that the LVMH Moet Hennessy-owned brand is further challenging itself (and competitors) by launching its own social media site, Beauty Board.
Blending concepts seen on Pinterest and Tumblr—both of which Sephora has mastered—Beauty Board will enable e-commerce purchases from Sephora's website through tagged product photos.
"The concept is that pictures are everywhere, and we know that beauty lovers love to see ideas for looks and products to buy," commented Julie Bornstein, CMO and chief digital officer of Sephora Americas. "Beauty Board is taking a lot of what consumers at large are doing and making it more practical—a place for consumers to browse for inspiration and discover products to buy at sephora.com."Continue reading...
Posted by Abe Sauer on March 3, 2014 12:39 PM
Leonardo DiCaprio. Martin Scorsese. Meryl Streep. Julia Roberts. Oscar night 2014 was full of disappointment. But the biggest disappointment may have happened off-stage and off-camera, at the corporate headquarters of Pepsi and Samsung.
While both of the brands shelled out piles of money to be the official category advertisers for the Disney-owned ABC network telecast of the Academy of Motion Picture Arts and Sciences' annual ado—as the Oscars generate nearly $90 million in ad revenue—both also watched as their biggest rivals swooped in to ambush market their way into the spotlight.
When host Ellen DeGeneres ordered a few pies from local Los Angeles pizzeria Big Mama's & Papa's—whom she has previously ordered from on her own talk show—she likely had no idea she was about to insult the broadcast's official soda beverage sponsor, Pepsi. But when the pizzas showed up to feed the first few rows of celebs, so did a big Coca-Cola logo on the side of the pizza boxes.Continue reading...
Posted by Dale Buss on February 28, 2014 05:51 PM
With barely a breather since Sochi, big brand marketers are now ready to strut the red carpet to the next tentpole-marketing event: Sunday's Academy Awards on ABC. Often called the "Super Bowl for Women," the Oscars promise to be a huge draw as they finish up a first-quarter season of extraordinary high-profile marketing opportunities for brands that are willing to invest.
The Oscars promise to draw ads from more than a dozen brands including Chevrolet, Coldwell Banker, Lipton, Mars, JCPenney, Pepsi and Unilever. And a growing number of these brands also are building experiential marketing efforts as well as social media engagements around their TV ads during the actual 86th Annual Academy Awards.
However, at least two well-known brands with close past alliances to the Oscars decided not to return this year: Coca-Cola and Hyundai. It begs the question whether the Oscars have hit the same sort of advertising plateau as the Super Bowl, whose ads, studies show, don't have nearly as large of a consumer impact as one would think for such a hefty price tag.
With or without Coke, other brands are taking advantage of the captive Oscars audience and treating the lead-up much the same as the Super Bowl; teasing and full-on releasing their campaigns beforehand—a newer tactic whose payoff isn't quite measurable yet as compared to the typical build-up and big reveal strategy of previous years.
Here's a look at this year's brands hitting the red carpet:Continue reading...
Posted by Dale Buss on February 26, 2014 06:42 PM
Could it be that JCPenney finally has bottomed out after nearly a year of reversing course and going back to the future? The brand said it expects same-store sales to increase about 3 to 5 percent during the current quarter as it also today posted a narrower-than-expected loss for the fiscal fourth quarter.
Early readings on the recovering retailer's performance during the fourth quarter were colored with worry that CEO Myron Ullman wasn't reaping enough benefits, quickly enough, from his deconstruction of the radical changes that had been made to the traditional middle-market brand by predecessor Ron Johnson in 2012.
But today Ullman was able to say—with real numbers to back him up—that JCPenney might just have turned the corner. One number alone might have been enough to cheer investors and JCPenney employees alike: The chain actually reported a profit for the fourth quarter, of $35 million, after year-earlier losses of $552 million, and after experiencing two years in which CEOs were slashing jobs and expectations as the brand at times seemed to be in free fall.Continue reading...
Posted by Dale Buss on February 25, 2014 09:23 AM
LinkedIn launches China site despite risk of censorship.
Taco Bell rolls out breakfast nationwide.
Facebook drops unpopular email service.
Avaya hopes payoff from Olympics is just beginning.
Bitcoin plunges as major exchange goes dark.
BlackBerry launches sub-$200 phone aimed at Asia that is manufactured by Foxconn.
Conde Nast's Self magazine launches frozen foods line.
Einstein Noah sees CEO resign.
Ford readies smaller Focus engine in fuel-efficiency drive.
JCPenney plans to break new marketing campaign during Oscars.
JPMorgan Chase cuts thousands more jobs.
Jack Daniel's enlists Frank Sinatra.Continue reading...