Flash Sale Sites, Netflix-Sony Dispute, BJ’s Buyout Offer
Flash sale web sites started as a way for brands to unload excess inventory in a controlled, high-end place.
But now the New York Times reports they have become something else: a way to advertise and find new customers, many of whom visit the sites of the brands and buy full-price merchandise soon after the sales.
E-commerce & Multichannel Retailing
- Sony and Starz have to rework their streaming contract, and until then Netflix will not be able to stream Sony movies.
Mergers & Acquisitions
- Two private equity firms, Leonard Green & Partners LP and CVC Capital Partners, have teamed up to make an offer to buy retailer BJ’s Wholesale Club Inc.
Stats & Research
- Global toy sales grew by nearly 5% (4.7%) in 2010 to $83.3 billion USD, according to data from The NPD Group.
- Google’s share of the US search market declined by 0.2 percentage points in May 2011, although its query volume increased by 2.3%, according to Compete.
- Americans streamed more than 15 billion videos in May 2011, up 2% from the previous month’s all-time high of 14.7 billion streams
- As the automotive industry continues to develop alternative powertrain vehicles, consumer consideration for these vehicles is on the rise, according to Harris Interactive research.
- Canadian vehicle shoppers who use website build tools, or pages that allow them to virtually customize a vehicle model, are increasingly seeking more detailed configuration options, including a wider array of accessories and trim packages to choose from, and a greater variety and detail of vehicle images, according to J.D. Power & Associates.
- Wal-Mart Stores Inc. said Shawn Gray, its VP of operations in China, has left the company, becoming at least the third executive from that nation to depart in the past month.
Legal & Regulatory
- The U.S. House has voted to bar the Food and Drug Administration from approving the sale of genetically engineered salmon.
- The government’s new, nastier-than-ever cigarette labels are expected to roll out later this week, plastering large images of cancer lesions, diseased lungs and rotten teeth across packaging to shock smokers into kicking the habit.