EU Data Breach Rules, Best Buy Subleases Stores, Google Antitrust Investigation
The European Union will soon require all companies doing business in Europe to notify customers "as soon as they become aware" of a data breach, according to StorefrontBacktalk.
- Best Buy Co. Inc. is planning to segment off portions of its brick-and-mortar stores in an effort to sublease the units to smaller retailers.
- Dollar General is optimizing pricing decisions across all its stores using software from DemandTec.
Legal & Regulatory
- The Federal Trade Commission is reportedly preparing to issue subpoenas to Google as part of a wide-ranging civil antitrust investigation into practices in Google’s search engine business.
Marketing & Advertising
- Dunkin' Brands has unveiled its first-ever partnership with a motion picture studio, and one result will be a Captain America-themed cherry-flavored Coolata drink and an array of super-hero inspired ice cream flavors.
Mergers & Acquisitions
- Rite Aid Corp. is still evaluating whether to roll out additional combination drug and food stores in partnership with Supervalu's Save-A-Lot banner, noting the initial test of such stores is performing better in revenues than in profits.
Stats & Research
- The Deloitte Consumer Spending Index continued to decline in May 2011, weighed down by a sharp rise in unemployment claims last month.
- According to Compete, one quarter of consumers now visit an official Facebook page for a retailer or consumer product at least once a month., with 56% saying they use retailers’ Facebook pages to keep up to date on sales and promotions.
- The Nielsen Company says the 2010 Census confirmed something it has been noting for some time: multicultural consumers are rapidly becoming the majority in the United States and their buying power is significant.
- After an improvement in the quality of newly launched auto models every year from 2007 to 2010, the initial quality of 2011 new model launches has declined considerably, according to the J.D. Power and Associates 2011 U.S. Initial Quality Study.
Sharing the same luxury mall in Ulan Bator, Mongolia with Vuitton are Burberry, Zegna, Emporio Armani and Hugo Boss.