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WARC (May 19)

2020/ 05/ 19 by jd in Global News

“India’s largest consumer-facing companies have begun pushing ‘vocal for local’ themes across all advertising and marketing campaigns and last-mile sales pitches.” This could give local brands a boost in the Indian market, which is currently dominated by global brands.

 

Bloomberg (December 9)

2019/ 12/ 11 by jd in Global News

Hong Kong is facing the “‘worst ever,” as layoffs and store closures multiply. “More than 5,600 retail jobs could be lost and thousands of stores shut down over the next six months, as pro-democracy protests in Hong Kong continue to disrupt sales during the crucial festive period.”

 

Time (April 29)

2019/ 05/ 01 by jd in Global News

Sales of Burger King’s meatless Impossible Whopper are doing well, with national distribution planned by year end. “Currently, 59 stores around St. Louis carry the meatless Whopper option.” The planned “nationwide introduction of a vegetarian Whopper signals a more mainstream effort to include more meat-free options at national chains.”

 

Bloomberg (August 1)

2018/ 08/ 02 by jd in Global News

“After earnings carnage at global auto rivals,” Toyota is in the “spotlight.” From Detroit to Seoul, Toyota’s global rivals “fell short of estimates and warned of more pain from the trade war.” In contrast, “the world’s most valuable automaker will likely report modest sales and earnings growth for the most recent quarter.” But going forward the automaker still “faces a fight on every front. Potential U.S. tariffs threaten to cripple demand in its biggest market, rivals continue to pull ahead in China, and at home, the top-selling Prius is suffering a slump in popularity.”

 

CNN (July 2)

2018/ 07/ 04 by jd in Global News

“Every US-made car is an import,” which means US automakers could get stung bad by tariffs. According to a measure used by regulators, “the two most ‘American’ cars are both Hondas—the Odyssey minivan and Ridgeline pickup,” each of which boast about 75% of components made in the US or Canada. “The Honda Civic, Acura MDX, Acura TLX and the Mercedes C-class source 70% from the United States and Canada. The highest-ranked car made by a Detroit automaker is the Chevrolet Corvette, which placed seventh” at about 65%. GM has already warned that “tariffs could force the company to cut jobs at US plants due to an expected drop in sales associated with higher prices.”

 

Retail TouchPoints (January 4)

2018/ 01/ 07 by jd in Global News

Despite a strong holiday sales season, “a real department store turnaround will demand a lot of work.” 2018 will represent “a major ‘prove it’ period for department stores. The sector has taken quarterly sales hits for several years, forcing major players to shutter hundreds of stores, but early holiday numbers indicate these retailers have harnessed some positive momentum.”

 

Nikkei Asian Review (July 9)

2017/ 07/ 11 by jd in Global News

“Japan’s listed companies saw their aggregate sales surge 20% from fiscal 2000 to 2016, while their net profit soared by nearly 40%. A look at some of the best performers suggests the growth can be chalked up to two key factors: globalization efforts and new business models.”

 

Barrons (November 10)

2015/ 11/ 11 by jd in Global News

“Politics and religion may divide people, but everyone loves a good sale.” On Wednesday, Alibaba Holdings, the e-commerce giant, will start “its sixth annual 11.11 Global Shopping Festival. The 24-hour shopping-palooza, also known as Singles Day, generated $9.3 billion in sales last year, dramatically more than the $2.7 billion sold during America’s Cyber Monday. Analysts predict sales will set a new record this week.”

 

Wall Street Journal (October 1)

2015/ 10/ 02 by jd in Global News

The peak car theory that millennials no longer want cars cars “may seem plausible given recent history: tepid new-car sales, fewer miles driven per capita and shrinking gasoline use. In reality, it’s poppycock.” This temporary phenomenon merely “reflected a lack of jobs and money.” Today, that’s changing. “The forecasts of peak car look to be about as accurate as those of peak oil.”

 

USA Today (November 23)

2014/ 11/ 23 by jd in Global News

“Thanksgiving used to be one of the few holidays retail workers could count on,” but in recent years more retailers have opened their doors to get a jump on sales. “No one needs to be able to buy a big-screen TV on Thanksgiving.” Consumers can wait until Black Friday (the day after Thanksgiving) when the Christmas sales traditionally commence. Americans should “spend Thanksgiving Day at home — not shopping — so retail workers can be at home, too.”

 

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