- 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
Signs of What's to Come
Tyson Foods CEO Bond Resigns
Tyson Foods CEO Dick Bond is leaving the meat company effective immediately, at a time when Tyson and other meat companies are having a tough time of it, having been hurt by high feed prices and slowing economies, reports Reuters.
Leland Tollett, chairman and CEO from 1995 to 1998, will serve as interim CEO until a permanent successor is selected.
“After seven years of helping lead or leading...
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Customer Reviews Are Here to Stay
As online shoppers continue to turn to one another for advice on what to buy, businesses are finding out the benefits of incorporating customer reviews on their sites, writes the Seattle Post-Intelligencer.
“It is as if all online shoppers have an instant community of friends, recommending the good and warning about the bad,” observed Michal Ann Strahilevitz, marketing professor at San...
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Apple CEO Jobs Suffering from ‘Hormone Imbalance’
Apple CEO Steve Jobs said today (Monday) that he is being treated for a “hormone imbalance” that has caused him to lose an inordinate amount of weight—but he’ll be staying on as CEO, reports MarketWatch.
Jobs’s statement, directed at the “Apple Community,” comes a day before the keynote address he would have delivered at Macworld had he not pulled out late last year—triggering speculation about...
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‘Wal-Mart’s Worst Nightmare’
British megaretailer Tesco is challenging Wal-Mart, the world’s largest retailer, on its home turf, the US—though Wal-Mart is fighting back using Tesco’s own tactics, writes BusinessWeek.
Wal-Mart countered Tesco’s Nov. 2007 launch of Fresh & Easy—a chain of 10,000 sq. ft. convenience stores in California, Nevada, and Arizona—with its own similar-format Marketside, in Arizona.
Still, “Tesco is...
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Dell Execs Depart, Global Restructuring in Works
Dell’s president of global operations Michael Cannon as well as CMO Mark Jarvis are leaving the company in what the computer maker is terming part of a global restructuring.
Cannon and Jarvis joined Dell in 2007 after founder Michael Dell returned as chief exec to halt the company’s decline.
Jeff Clarke will replace Cannon on Jan. 31. Erin Nelson will replace Jarvis during the current fiscal...
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Retailers Beware: Worst Is Yet to Come, but Hope on Horizon
Retailers that survived the 2008 holiday season shouldn’t pin their hopes on the new year, as retail sales will remain weak throughout 2009 and won’t rebound until 2010, TNS Retail Forward forecasts.
For 2009, sales growth for the year (excluding automobiles and gasoline) is forecast to approach 2% compared with the 2.3% average growth for 2008 through November, based on data reported by the US...
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Top 40 Online Retail Satisfaction Index: Merry Outlook for Few
Some online retailers will thrive in 2009, while others have an uphill battle ahead, if customer satisfaction with top retail websites during the holiday season is any indication.
Amazon and Netflix continued to delight holiday shoppers online while customer satisfaction with websites for Circuit City, Gap, Home Depot, HSN, Neiman Marcus, and Overstock fell below industry standards, according...
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E-Tailer The Parent Company Files for Bankruptcy Protection
What has been described as one of the worst retail holiday season in decades has claimed its first post-Christmas major retail victim, as online retailer the Parent Company (formerly Baby Universe), filed for Chapter 11 bankruptcy protection, the company said.
“This action is an unfortunate but necessary and responsible step to preserve the company’s value for our stakeholders in light of the...
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Consumer Confidence Index Falls to All-Time Low in December
The Conference Board Consumer Confidence Index, which had increased moderately in November, declined to a new all-time low in December and now stands at 38.0 (1985=100), down from 44.7 in November, the Conference Board reported.
The Present Situation Index plummeted to 29.4 from 42.3 last month. The Expectations Index decreased to 43.8 from 46.2 in November.
“The further erosion of the...
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Wal-Mart’s Entry into Russia another Step Closer
The latest move by Wal-Mart Stores Inc. indicating its imminent entry into Russia was announce by the Russian retail association, which said the World’s largest retailer had joined the industry group, Reuters reports.
Other members are French giants Carrefour and Auchan, Germany’s Metro AG, and Russia’s largest food retailers X5 Retail Group and Magnit.
Wal-Mart is reportedly in acquisition...
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