- Mark Levin Signs Multi-year Deal with ABC, Expands Show to 3 Hours
- Consumerist.com Adopted by Old-School Consumers Union, Stops Selling Ads
- For Auto Industry, 2009 Holds Even Tighter Ad Budgets
- User-Generated Magazine Publisher 8020 Media Shuts Doors
- Out-of-Home, Fueled by Digital, to Weather Recession Well
- Clear Channel Swaps Cincy Stations for Five in Green Bay
- Consumers Swarm to Discounters for Grocery Items, Don’t Switch Back
- Wikimedia Raises $6.2M to Keep Wikipedia Afloat
- Conde Nast’s Jan. Ad Pages Slip More than Most
- Aegis Faces Possible Sale or Spin-off of Non-core Businesses
- Top US Cities for Charitable Givers, by Category
- Online Fitness, Video Game Spending Outperforms Brick-And-Mortar
- RIM Must Fix Glitches, Boost Satisfaction To Hold Off iPhone
- LCD TV Revenue to Fall YoY for First Time Ever
- Top 10 Broadcast Media Websites - November 2008
- Top 10 Entertainment Online Advertisers by Image-Based Impressions - November 2008
- Top 10 Sports Websites - November 2008
- Eight in 10 Online Holiday Shoppers Read Web Reviews
- Top 40 Online Retail Satisfaction Index: Merry Outlook for Some, but Not Others
- Firefox Share Tops 20% in November
Category Killers
Toys ‘R’ Us Flagship to Open 24 Hours a Day
The Toys “R” Us Times Square flagship store will be open 24 hours starting 6 AM, Dec. 19, to 8 PM, Dec. 24—or 134 consecutive hours—the company said Tuesday (via Crains New York).
The Toys “R” Us decision comes day after competitor KB Toys filed for Chapter 11 bankruptcy protection and began prepping going-out-of-business sales.
“We want to be sure our customers have enough time to select the...
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Best Buy Profit Falls; to Offer Buyouts, Cut Capital Spending
Best Buy Co. earned $52 million, or 13 cents a share, in the third quarter, compared with $228 million, or 53 cents, in the year-earlier quarter, the No. 1 consumer-electronics retailer in the US reported.
To prepare for a tough economic environment, Best Buy will (1) cut capital spending some 50% next year; (2) offer buyout packages to nearly all its corporate employees in order to cut costs;...
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Whole Foods Sues FTC over Wild Oats Merger Battle
Whole Foods Market filed a lawsuit Monday in the US District Court of Washington (DC) against the Federal Trade Commission, which has been challenging the company’s merger with Wild Oats Markets, reports the Wall Street Journal.
The suit accuses the FTC of prejudicial treatment of, and due-process violations against, Whole Foods, which bought out rival Wild Oats for $565 in August 2007.
Though...
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Data Drill Down: Circuit City’s Store Closings Focus on Specific Markets
On November 3rd Circuit City confirmed it would close 155 stores this week. Over the weekend, hundreds of jobs were said to be shed at the chain’s headquarters, according to the Richmond-Times Dispatch. The New York Stock Exchange also notified Circuit City that it would face delisting if its stock price didn’t come above $1 per share.
In light of the data reported in its yearly 2007 and 2008...
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Study Segments Consumers by Spending Behavior in Tough Economic Times
Though nearly all consumers are facing economic uncertainty, their responses to economic difficulties differ - but not along conventional demographic lines, according to Acxiom Corporation‘s first Retail Consumer Dynamics Study (RCD).
The study, an industry-specific analysis of consumer shopping behavior and attitudes, finds variations in how consumer segments perceive the economy and how that...
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Broader Mix of Consumers Turning to Wal-Mart
As consumers modify their shopping patterns to try to save money on both their gas and consumer packaged goods (CPG) expenditures, they are turning to supercenters to find bargains. Many are finding deals in Wal-Mart, which is posting share gains in 84% of top 100 CPG categories, Information Resources Inc. (IRI) found.
IRI is taking a closer look at the retailer’s latest success in its economic...
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