- 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
Emerging Economies
Carrefour Gives CEO the Boot
French retail giant Carrefour will appoint Swede Lars Olofsson, a former top manager at Switzerland’s Nestle SA, as CEO of the company, effective Jan. 1, ousting current CEO Jose Luis Duran.
The change was a long time coming, writes the Globe and Mail. Last year, a consortium controlled by French billionaire Bernard Arnaults and US private-equity firm Colony Capital took a 9.1% stake in...
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Burberry 1H Net Rises, Admits 2H Will Be a Toughie
Strong sales of Burberry’s luxury handbags edged up sales in the first half of the year (to Sept. 30), the company said - but added that it too will be negatively affected by the tough economic environment, reports The Guardian.
The UK fashion house - known for its camel, red, and black checkered pattern - has had profit margins fall, particularly in the US, where a higher proportion of sales is...
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Nielsen Consumer Confidence Index: Developing Markets More Optimistic
One in two consumers will try to save on gas and electricity, and spend less on new clothes; 47% will cut back on out-of-home entertainment; and one in three will switch to cheaper groceries.
While the world remains ensconced in credit crunch mode, consumers in the world’s fastest developing countries tend to believe that the global recession will be over within a year, according to the Nielsen...
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McDonald’s Global Sales Comps Up 8.2%
McDonald’s posted healthy growth in all of its global markets, with same-store sales - defined as sales at locations open at least 13 months - up 8.2% in October.
Europe and APMEA (Asia, Africa and the Middle East) performed well, with sales growing 9.8% and 11.5%, respectively. Demand in the UK, France, and Russia was particularly strong, but results were positive in nearly all European...
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Revlon Benefits from Sales of Brazilian Brand
One-off profits from the sale of Brazilian brand Bozzano boosted Revlon’s bottom line, as the beauty company ended the quarter on Sept. 30 with a gain of $29.2 million, versus a loss of $10.4 million in 3Q07.
The sale of the men’s hair care and shaving range was completed earlier this summer via its Brazilian subsidiary, Ceil, and resulted in an additional $45.2 million on the balance sheet as a...
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‘Biggest-Ever Mall Opening’ in Dubai
In what it is calling “the world’s largest-ever mall opening in retail history,” Emaar Properties PJSC is opening the Dubai Mall in the United Arab Emirates.
Nearly 600 stores are operational, but the mall will have over 1200 stores, including two anchor department stores (Galeries Lafayette and Bloomingdale’s) when completed. There will be 220 gold and jewelry outlets, 160 food and beverage...
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US Economy Finally Catches up to Beauty Companies
Earlier in the year, beauty manufacturers Avon, Estee Lauder, and France’s L’Oreal were still faring well despite economic woes in the US, posting strong sales and profits in Q2 - but those times have come to an end, Reuters reports.
In the quarter ended Sept. 27, L’Oreal’s comparable North American sales fell steeply and overall sales were $5.57 billion, up 2.7% from last year but missing...
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Wal-Mart to See Sunny Side of Recession
Wal-Mart will post growth through next year and gain market share, even as others tone down expectations in the face of a deep global recession, the company told investors and analysts at its annual meeting.
Projected sales growth (8% this year, 5-7% next fiscal year) was roughly in line with its earlier expectations for this year and next, after taking into account the financial markets crisis...
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Coke Bottler Cuts Jobs, Lowers Full-Year Outlook
Coca-Cola Enterprises (CCE) - Coca-Cola Co.‘s biggest bottler - posted a steep decline in Q3 profits and announced that it has cut 1,000 jobs (1.5% of its workforce) in North America, reports the Atlanta Journal-Constitution.
Full-year results will be worse than previously expected, the company said in an earnings call, citing slowed demand for soda in North America and higher prices for...
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Macy’s Sends Bloomingdale’s Abroad by 2010
Macy’s will open its very first overseas location by February 2010, anchoring the soon-to-be-completed Dubai Mall in United Arab Emirates with two of its Bloomingdale’s chain stores.
On one end, the company plans a three-level, 146,00-square-foot apparel and accessories store. On the other, there will be a home store of about 54,000 square feet.
Merchandise, ambiance, and customer service...
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