Sales & Marketing news

• SCHWARZMAN: Donald Trump is going to change the 'architecture of the world'

  06-12-2016 23:52 via feedproxy.google.com
  
  Blackstone CEO Steve Schwarzman is excited about President-elect Donald Trump's America.
  The billionaire private equity executive, who was recently named chair of Trump's economic advisory forum, described the vast regulatory changes that could potentially come to Wall Street — and corporate America — under the new administration. He was speaking at a Goldman Sachs conference.
  "If you look at the architecture of the world, it's going to change very substantially," Schwarzman sai
  
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• Amazon's new grocery store could be driving up the price of a $600 million company (AMZN, PI)

  06-12-2016 23:22 via feedproxy.google.com
  
  Amazon's new grocery store, Amazon Go, may have created a surprise winner: Impinj, a $600 million IoT company that went public about four months ago.
  On Tuesday, Impinj closed up more than 7.5%, after RBC Capital published a note saying the company could be a major beneficiary of Amazon's new grocery store initiative.
  Impinj offers real-time inventory tracking technology which makes it easy for retailers to see the movement of every item in the store.
  Although there hasn't been any official part
  
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• A small and highly-profitable dealmaking firm just claimed bragging rights in the most Wall Street way possible (EVR)

  06-12-2016 23:22 via feedproxy.google.com
  
  Evercore, the boutique bank, is one to watch on Wall Street. 
  The firm has hired John Weinberg, part of a Goldman Sachs dynasty, to be executive chairman. It has added a head of activist defence, made hires in Europe, and the share price is up almost 30% in the last 12 months. 
  And in a presentation on Tuesday at the Goldman Sachs financial services conference, Evercore CEO Ralph Schlosstein claimed bragging rights in the most Wall Street way possible:
  Our top staff make more money tha
  
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• Chipotle tanked after saying it dropped the ball on customer service (CMG)

  06-12-2016 22:35 via feedproxy.google.com
  
  Chipotle shares slid 7% on Tuesday after the company said it was nervous about hitting its guidance for the year. 
  The burrito chain was presenting at a Barclays retail conference in New York.
  Its same-store sales have fallen for three straight quarters in the wake of two E. coli outbreaks last year that affected its restaurants in 14 states. 
  Co-CEO Steve Ells said inadequate customer service may be lengthening the sales recovery. 
  Bloomberg reporter Shelly Banjo t
  
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• Elizabeth Warren is backing a hot investing startup that's taking on Wall Street

  06-12-2016 22:27 via feedproxy.google.com
  
  Democratic Sen. Elizabeth Warren is backing the CEO of a hot new finance startup.
  The Massachusetts senator wrote on her Facebook page on Tuesday that she agrees with Betterment CEO Jon Stein, who wrote an open letter to President-elect Donald Trump about keeping the new fiduciary rule.
  Her post linked to Business Insider's Monday story about Betterment's letter to Trump.
  "I agree with CEO Stein," Warren wrote. "Undercutting the rule would be bad for working families — and bad for the many
  
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• STOCKS HIT NEW HIGH, OIL DROPS: Here's what you need to know

  06-12-2016 22:00 via feedproxy.google.com
  
  US stocks finished higher but little changed on Tuesday, and the Dow closed at an all-time high. Crude oil fell for the first day since OPEC agreed last Wednesday to cut production. A Reuters survey released on Monday found that OPEC's output hit a record high in November, indicating that member countries could have a hard time sticking to their plan.
  First, the scoreboard:
  Dow: 19,251.78, +35.54, (0.18%)
  S&P 500: 2,212.23, +7.52, (0.34%)
  Nasdaq: 5,333.00, +24.11, (0
  
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• The world's tallest luxury building can't get its superrich buyers to pay full price

  06-12-2016 21:22 via feedproxy.google.com
  Renters and buyers across Manhattan are revolting against rising prices.
  Bloomberg's Oshrat Carmiel reported on Tuesday that 432 Park Ave., the slim skyscraper that's the tallest residential building in the world, has sold units this year for an average of 10% less than the original listing price.
  The top-floor penthouse overlooking Central Park closed for $87.7 million, 8% less than the listing price, Bloomberg reported.
  There are too many luxury buildings in New York, and more are being constr
  
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• Moody's slashes its outlook for the global asset management industry

  06-12-2016 21:21 via feedproxy.google.com
  The global asset management industry has been disrupted, according to a new report by Moody's Investor Services released Tuesday, December 6.
  In the report, Moody's downgraded the industry to negative.
  A combination of trends, including lackluster active management performance, global regulation, and increasing cost consciousness has led investors to move away from actively managed funds and into low cost passive products like exchange-traded funds, or ETFs.
  "Active management performa
  
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• CEO of Japanese telecom SoftBank says company will bring $50 billion and 50,000 jobs to US after meeting with Trump

  06-12-2016 20:44 via feedproxy.google.com
  
  Masayoshi Son, the CEO of the Japanese telecom SoftBank, announced Tuesday that his company will invest $50 billion and bring 50,000 jobs to the US after he met with President-elect Donald Trump.
  According to The Wall Street Journal, Son told reporters at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign-wealth fund and other investors.
  SoftBank in October announced a $100 billion tech fund with the Saudis called the SoftBa
  
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• The latest ranking of top countries in math, reading, and science is out — and the US didn't crack the top 10

  06-12-2016 20:35 via feedproxy.google.com
  
  The Organization for Economic Co-operation and Development (OECD) released the results of its 2015 global rankings on student performance in mathematics, reading, and science, on the Program for International Student Assessment, or PISA.
  The PISA is a worldwide exam administered every three years that measures 15-year-olds in 72 countries. About 540,000 students took the exam in 2015.
  The US saw an 11-point drop in average score for math, while remaining relatively
  
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• Greece still isn't getting the help it needs most

  06-12-2016 20:25 via feedproxy.google.com
  
  Greece just received some short-term relief from the eurozone.
  In exchange for successfully implementing tough economic reforms and budget constraints, the country will be given some short-term help in the form of smoothing its repayment schedule for EFSF debt and waiving an interest rate increase that was scheduled for 2017. "We agreed the primary surplus (which excludes debt-servicing payments) goes up to 3.5 percent of GDP in 2018 and beyond for the medium t
  
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• Another hedge fund backed by investing legend Julian Robertson is shutting

  06-12-2016 20:23 via feedproxy.google.com
  
  Emerging Sovereign Group is shutting one of its hedge funds after redemptions from investors, according to people familiar with the matter.
  The Emerging Sovereign Master Fund, a macro strategy, manages about $330 million — a figure that includes borrowings – according to hedge-fund database AltX. It's one of six funds listed by the New York firm in a filing. These include emerging markets equities and macroeconomic hedge funds. Emerging Sovereign Group manage
  
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• Mexico just one-upped Canada

  06-12-2016 20:20 via feedproxy.google.com
  
  Mexico is now exporting more to the US than Canada.
  Exports from Mexico to the United States totaled $245 billion for the first 10 months of 2016, while exports from Canada to the US came in at $230 billion, according to figures released by the Commerce Department on Tuesday, which we spotted first via Bloomberg's Gerg Quinn and Nacha Cattan.
  If these trajectories continue, 2016 will be the first time the US bought more from Mexico than from Canada. China remains the num
  
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• THE FUTURE OF DIGITAL: 2016

  06-12-2016 19:52 via feedproxy.google.com
  
  Business Insider's IGNITION conference is in full swing, and we're hearing from some of the biggest business leaders in tech and media as they share their thoughts on what the future will look like.
  To kick things off on Tuesday, I delivered the following presentation on the future of the digital business, put together with the help of the BI Intelligence team.See the rest of the story at Business Insider
  
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• Here's how Trump could force the Fed to raise rates faster than it wants to

  06-12-2016 19:51 via feedproxy.google.com
  
  The Federal Reserve used extraordinary monetary policy measures to pull the US economy out of the Great Recession.
  As the Fed continues to return to normal, fiscal policy is set to step up in a big way. President-elect Donald Trump has vowed to cut income and corporate taxes, and allot about $1 trillion to infrastructure spending — two cornerstones of any fiscal-stimulus plan.
  If Trump's fiscal policy drives up inflation, and the Fed decides to combat this overheating by hiking rates, it c
  
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• Trump dumped all of his stock over the summer, spokesman says

  06-12-2016 19:28 via feedproxy.google.com
  
  President-elect Donald Trump sold off all of his stock portfolio over the summer to avoid conflicts of interest in office, a spokesman said Tuesday on a conference call with reporters.
  Trump's transition team did not provide documentation to confirm the sales, but said the sell-off was in June.
  According to financial disclosure filings from Trump during the presidential campaign, the portfolio was worth around $40 million in December 2015.
  The issue of Trump's investments was highlighted on Tues
  
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• Coca-Cola on innovating around a classic Christmas campaign

  06-12-2016 16:02
  
  If you were to ask someone to describe Coca-Cola’s Christmas ad, most would be able to do so in a heartbeat. Red trucks speed through a wintry landscape, lighting up towns as they go. The ad might be 21 years old, but interest in it shows little sign of diminishing as it brings out everyone’s nostalgic side.
  The ad once again graced UK TV screens last month, and the message that ‘holidays are coming’ will be pushed through to Christmas. Yet Coca-Cola is also running anot
  
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• Keith Weed: Here’s what won’t change in marketing in 2017

  06-12-2016 14:36
  
  I’m penning this sitting in a pub opposite King’s Lynn train station in Norfolk, waiting for my sons to arrive from London for a weekend in the country. Yes, I am still a part-time taxi driver.
  And as I sit here, half an ear on the conversations around me (because I am, like so many marketers, hugely curious about people – even nosy), there is one overriding theme to the topics being animatedly discussed around me: people.
  READ MORE: 2016 Year in Review
  The power of a majority
  
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• Bespoke Retainment Group: Digital Account Manager

  06-12-2016 11:11
  
  £25,000-£32,000 + excellent benefits package and unrivaled career progression:Bespoke Retainment Group:
  Are you a lover of all things digital who would like the chance to work for one of the region's most respected and dynamic Digital agencies.
  Manchester, Greater Manchester
  
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• Trends for 2017: Gig economy, price hikes & measurement

  06-12-2016 08:55
  
  Hard times for the ‘gig economy’
  Brands that make up the rapidly growing ‘gig economy’ faced a number of obstacles this year. In October, an employment tribunal in the UK ruled that Uber can no longer classify its drivers as self-employed and must pay them the national minimum wage, as well as providing statutory workers’ rights. Although Uber has said it will appeal against the ruling, it comes amid mounting scrutiny and opposition towards services that use s
  
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• Just 19% of people in ads are from minority groups, news research finds

  06-12-2016 08:55
  
  Minority groups including single parents, disabled people and the LGBT community continue to be let down by brands who are failing to create diverse and inclusive advertising, according to new research by Lloyds Banking Group, shown exclusively to Marketing Week.
  Just 19% of people featured in advertising are from minority groups, and of that 19% only 0.06% of people portrayed are disabled or from the LGBT community and just 0.29% are single parents.
  These figures are drastically
  
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• Just 19% of people in ads are from minority groups, new research finds

  06-12-2016 08:55
  
  Minority groups including single parents, disabled people and the LGBT community continue to be let down by brands who are failing to create diverse and inclusive advertising, according to new research by Lloyds Banking Group, shown exclusively to Marketing Week.
  Just 19% of people featured in advertising are from minority groups, and of that 19% only 0.06% of people portrayed are disabled or from the LGBT community and just 0.29% are single parents.
  These figures are drastically
  
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• Sainsbury’s tops YouTube list of most popular Christmas ads

  06-12-2016 01:01
  
  1. Sainsbury’s – The Greatest Gift
  YouTube saw a 53% increase in views of Christmas ads compared to 2015, with Sainsbury’s proving to be the most popular in the UK. With its blockbuster CGI-effects and James Corden sing-a-long, the supermarket giant came top in terms of views.
  2. John Lewis – #BustertheBoxerA close second is the much-hyped John Lewis Christmas ad. Featuring a lighter narrative than previous years, the campaign’s trampoline-loving dog already feels
  
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• Total-market strategies fall short

  06-12-2016 01:00
  LOS ANGELES: Total-market communications are too often being used as a means of cutting costs rather than as a strategy for truly engaging multicultural audiences, a leading executive from Kimberly-Clark has warned.Lizette Williams, Multicultural...
  
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• Product upgrades prompt carelessness

  06-12-2016 01:00
  BOSTON/NEW YORK: In an age of rapid product innovation and improvement, it appears that consumers are unconsciously more prone to damage or neglect what they currently own in order to justify an upgrade, new research has suggested.Of note for...
  
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• Digital underpins global adspend growth

  06-12-2016 01:00
  GLOBAL: Global advertising expenditure is expected to maintain steady growth in 2017 despite the uncertainty triggered by the US presidential election and the UK's referendum on EU membership, according to a series of new agency forecasts.Both
  
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• China becomes global FinTech leader

  06-12-2016 01:00
  SINGAPORE/HONG KONG: China has overtaken the US and UK to become the world's leading centre of FinTech, thanks in part to the innovative approach taken by the country's top e-commerce players, a new report has revealed.DBS Bank and EY, the...
  
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• BBC among winners at MRS Awards

  06-12-2016 01:00
  LONDON: Papers from BBC Global News, Unilever, PayPal and British Gas are among the winners at the MRS Awards 2016, which recognise the effective use of market research.At an event in London last night, the Market Research Society made awards in...
  
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• Autonomous vehicles make advances

  06-12-2016 01:00
  SAN FRANCISCO/LONDON: After much speculation, tech giant Apple has confirmed plans to develop self-driving cars, but traditional automakers, including Volkswagen and Ford, are also working on similar initiatives.Apple's acknowledgement came in a...
  
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• Aussie retail shows signs of turnaround

  06-12-2016 01:00
  BRISBANE:Australians are flocking back to bricks-and-mortar retail stores in huge numbers as traditional retailers in the country enjoy a renaissance after five years of slumping sales, a new study has found.A Roy Morgan Research report into
  
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