Sales & Marketing news

• Former GM exec calls Tesla a 'losing enterprise,' and says it's 'going out of business' (TSLA)

  17-11-2017 23:46 via feedproxy.google.com
  Former General Motors executive Bob Lutz panned Tesla less than 24 hours after the electric-car company revealed its first big rig truck and a new roadster.
  Lutz called Tesla a "losing enterprise" and said it's "going out of business."
  Tesla has had problems of late, both on its assembly lines and in the front office.Bob Lutz, the former General Motors executive, scoffed at Tesla on Friday, calling the electric-car company a "losing enterprise" that's "going out of business."
  In a terse intervi
  
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• STOCKS SLIDE LOWER: Here's what you need to know

  17-11-2017 22:00 via feedproxy.google.com
  US stocks declined as losses in tech and industrial shares dragged major indexes lower.
  The S&P 500 fell 0.3%, while the Dow Jones Industrial Average lost 0.4% and the more tech-heavy Nasdaq Composite index decreased 0.2%.
  First up, the scoreboard:
  Dow: 23,358.24, -100.12, (-0.43%)
  S&P 500: 2,578.85, -6.79, (-0.26%)
  Nasdaq: 6,782.79, -10.50, (-0.15%)
  US 10-year yield: 2.35%, -0.01
  WTI crude oil: $56.59, +$1.45, +2.63%
  1. Walmart is making a mockery of the retail apocalypse &md
  
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• The CEO of an email marketing company that sends 1 billion emails every day opens up about what it takes to go public (SEND)

  17-11-2017 20:44 via feedproxy.google.com
  Email marketing company SendGrid went public Wednesday, raising $131 million.
  Shares priced at $16 and rose above $18 by Wednesday afternoon.
  CEO Sameer Dholakia spoke with Business Insider about what it took to get the company to this point.If you’ve ever reserved a night through Airbnb, a meal through OpenTable, or received a list of personalized song suggestions from Spotify, chances are that email came via a little known Denver-based startup called SendGrid.
  SendGrid, which gradu
  
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• CVS may have a secret weapon against Amazon's move into healthcare (CVS, AMZN)

  17-11-2017 20:32 via feedproxy.google.com
  CVS is reportedly in talks to buy Aetna in a deal that could help protect its business from the entry of the tech giant in to the healthcare space. 
  CVS should focus on its vertical integration strategy, according to Morgan Stanley, and steer clear of gong head to head with Amazon in next day or same day delivery.
  Click here to see CVS's stock price in real time.
   
  Don't go head-to-head with Amazon.
  That's the message Morgan Stanley analyst Ricky Goldwasser has for CVS,
  
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• Nike and Adidas have entirely different ideas of how to take over the US (NKE)

  17-11-2017 20:22 via feedproxy.google.com
  Nike and Adidas are two of the small number of retail companies faring well in the retail apocalypse.
  But, the companies disagree on whether to reach their customers through scale or quality.
  Watch Nike's stock price move in real time here.Amid an ongoing retail apocalypse, athletic fashion companies like Adidas and Nike have stood out as bright spots, faring better than malls and department stores. But, the brands have been fiercely battling each other to expand their shares of the a
  
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• Buffalo Wild Wings' entire future depends on the price of chicken wings (BWLD)

  17-11-2017 20:14 via feedproxy.google.com
  Buffalo Wild Wings popped more than 24% on reports of a takeover offer from Roark Capital Group.
  But the company's future isn't clear-cut, even if the takeover goes through.
  The price of chicken wings is at historic highs and is the root of deeper problems at the company.
  Watch Buffalo Wild Wings' stock price move in real time.Buffalo Wild Wings has been struggling lately, with the stock falling 5.43% in the last year. But on Monday, reports that the company had received a $150 per sh
  
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• A forgotten Stitch Fix cofounder likely walked away empty-handed after the startup's $1.6 billion IPO

  17-11-2017 18:55 via feedproxy.google.com
  Stitch Fix's CEO and cofounder, Katrina Lake, has shares worth more than $250 million following the company's IPO. 
  However, Stitch Fix has another cofounder who has been scrubbed from its history: Erin Flynn.  
  Flynn filed a complaint against Lake in 2012, alleging that the cofounder was trying to force her out of the company. 
   
  Fashion startup Stitch Fix's IPO left one cofounder a very wealthy woman, with shares that are reportedly worth more than $250 million.
  Howev
  
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• One type of ETF is taking over the market

  17-11-2017 18:50 via feedproxy.google.com
  In the Fidelity Insight of the week, Silverstein speaks to Matt Goulet, a vice president of sector investment strategy, about the rise of bond ETFs. He says financial advisers are driving this by replacing their individual bond holdings with ETF shares. And while it hasn't happened on the retail side yet, Goulet sees that coming in the future. In terms of retail investors, he says that they're focusing mostly on sector funds, which they seek out because of the diversification they offer. Goulet
  
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• The new Tesla Roadster can do 0-60 mph in less than 2 seconds — and that's just the base version (TSLA)

  17-11-2017 18:47 via feedproxy.google.com
  The sub-two-second 0-60 mph speed of the new Tesla Roadster is for the base version of the car.
  Future versions of the car could be faster.
  At some point, all that speed can get to be uncomfortable.LOS ANGELES — After several years of selling supercar-fast sedans and a spaceship-like SUV, Tesla got reacquainted with enthusiast car lovers by rolling out an all-new Roadster. 
  It was a joyous, raucous moment, a little something extra special on a night in Los Angeles that saw the a
  
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• Trump claims the tax bill would lead to a huge boost for business spending and hiring — executives aren't as sure

  17-11-2017 18:36 via feedproxy.google.com
  The Trump administration has argued that cutting corporate taxes in the GOP bill will lead to more business investment and increased job growth.
  The Federal Reserve of Atlanta asked business executives their plans if the bill becomes law.
  More than half said they would not change their hiring plans, while a plurality said they would not change their business investment plans.The Trump administration has emphasized that the proposed federal tax overhaul would cut business taxes&nb
  
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• Stitch Fix spikes more than 17% after IPOing (SFIX)

  17-11-2017 17:59 via feedproxy.google.com
  Stitch Fix began trading under the ticker "SFIX" on Friday.
  The company priced its shares at $15 apiece, and is now trading up 16.4% at $17.46.
  Stitch Fix is a personalized fashion service that sends a box of clothing picked for the customer by a personal stylist. Customers can order a box on demand, or on a fixed schedule.
  It has been profitable in each of the last two years and expects to bring in $1 billion in revenue in 2017.
  The service boasts 2.2 million active clients.
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• Domino's CEO throws shade at Walgreens and says the pizza chain has a better rewards program (DPZ)

  17-11-2017 17:34 via feedproxy.google.com
  Domino’s Pizza CEO Patrick Doyle pointed out a key difference between the chain's "pizza profiles" and Walgreens' loyalty program.
  He says the chain doesn’t need extra info from customers because it can get that data from their orders, and hates how much info other stores ask customers to give.Big data is transforming every industry, and pizza is no exception. 
  Domino’s "pizza profiles" loyalty program, which the chain launched in 2013, lets you earn free food after order
  
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• Robert Mugabe's power-hungry wife, 'Gucci Grace,' may have provoked Zimbabwe's military takeover

  17-11-2017 17:14 via feedproxy.google.com
  "Gucci" Grace Mugabe may have been the source of the military's ire and potentially spurred this week's armed takeover.
  Robert Mugabe is reportedly under house arrest.
  Grace Mugabe appeared to be angling to become Zimbabwe's vice president and eventually Robert Mugabe's successor.Zimbabwe has been under military control since Tuesday, likely ending the rule of Robert Mugabe, the country's leader since its creation in 1980.
  His wife "Gucci" Grace Mugabe —
  
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• The future: where consumption and creation meet

  17-11-2017 17:00 via warc.com
  The consumer of the future lies at the point where consumption and creation meet, according to futurologist Magnus Lindkvist.Pretty much anyone can make anything, and this will only accelerate with the advance of robots,...
  
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• A bidding war for 21st Century Fox could break out — here's how it got to that point (FOXA, VZ, DIS, CMCSA)

  17-11-2017 17:00 via feedproxy.google.com
  21st Century Fox may be open to selling off many of its media assets amid troubles in its Sky Broadcasting acquisition and increased competition.
  Disney was the first interested buyer, with Comcast and Verizon coming in about a week later.
  21st Century Fox's stock has risen each time a new interested buyer was reported, leading to speculation a bidding war could break out.
  Watch Fox's stock price move in real time.At a Goldman Sachs hosted conference in September, 21st Century Fox Executiv
  
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• Credit Suisse just hired 2 top research analysts away from UBS, and it establishes a clear trend

  17-11-2017 16:49 via feedproxy.google.com
  Credit Suisse hired two top research analysts away from UBS.
  Doug Mitchelson joins the bank as managing director in equity research covering the media, cable/satellite, and telecommunications sectors. Brian Russo joins as a vice president working in the same sector. 
  The bank has now hired at least six managing directors in research from UBS recent months. They're part of a wave of hires the bank has recently made to beef up its research division. Credit Suisse has
  
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• Banks are about to be under way less scrutiny

  17-11-2017 16:27 via feedproxy.google.com
  Michael Collins, the senior investment officer at PGIM Fixed Income, discuss newly appointed Fed chair Jerome Powell. He highlights the role the Fed plays in regulating the banks, and says that will be one of the major changes under the new regime, with oversight likely being reduced.Join the conversation about this story »
  
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• Walmart struck a new deal that could bring same-day grocery delivery to a city near you (WMT)

  17-11-2017 16:15 via feedproxy.google.com
  Walmart is partnering with Deliv to scale its same-day grocery delivery business.
  Online grocery services are helping Walmart draw in more urban, higher-income customers.
   
  Walmart is expanding its grocery delivery business through a new partnership with the logistics company Deliv. 
  Deliv is now powering same-day grocery deliveries in the San Jose, California area, Walmart told Business Insider.
  The retailer is currently offering same-day grocery delivery in
  
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• The Republican tax bill has a provision that would end a headache for private jet owners

  17-11-2017 15:55 via feedproxy.google.com
  The Senate GOP tax bill contains a tax change for owners of private jets.
  People and companies that own jets would have payments relating to them exempted from an excise tax.The Republican tax plan contains several small carve-outs for specific industries — from craft-beer tax breaks to changes on how people can sell stocks.
  One of those exemptions in the Senate version of the bill, the Tax Cuts and Jobs Act, would give a break to owners and operators of private jets.
  Currently,
  
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• L’Oréal, McDonald’s, M&S: 5 things that mattered this week and why

  17-11-2017 15:53
  L’Oréal talks sense on ‘digital’ marketing
  L’Oréal has a new European marketing boss in Stéphane Bérubé and he took the opportunity on his first meeting with the marketing press to talk about his priorities for the company. One of his biggest is a strategy he calls O+O – or how to drive sales for both online and offline. Currently about 20% of L’Oréal’s sales come through ecommerce channels, but the company wants
  
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• How Mars is expanding Maltesers’ diversity agenda to all its brands

  17-11-2017 08:30
  Mars has been at the vanguard of UK advertising’s drive to do a better job of representing society in its creative output.
  Its Maltesers brand won Channel 4’s first competition aiming to encourage brands to show more diversity in their advertising and subsequently aired a series of ads with people with disability at their heart. That led Maltesers to win Marketing Week’s ‘Brand of the Year’ award at this year’s Masters of Marketing awards, alongside a host of
  
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• Volkswagen plans $12bn for Chinese electric cars

  17-11-2017 01:00 via warc.com
  GUANGZHOU: German automaker Volkswagen has announced plans to invest €10bn ($11.8bn) in the development of locally produced new energy vehicles in China.Speaking to reporters at the Guangzhou Auto Show on Thursday, Jochem Heizmann, CEO of...
  
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• TV ads drive 71% of advertising-generated profit

  17-11-2017 01:00 via warc.com
  LONDON: TV advertising generates the highest return on investment (ROI) of any media over both the short-term and long-term, according to independent analysis carried out for Thinkbox, the marketing body for commercial TV in the UK.The study was...
  
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• 'Reward ads' tempt in-app gamers

  17-11-2017 01:00 via warc.com
  NEW YORK: “Reward” ads in gaming apps, which offer players free items to enhance their experience in return for interacting, are impactful on a variety of metrics, according to a study in the Journal of Advertising Research (JAR). ...
  
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• Media groups rally to combat fake news

  17-11-2017 01:00 via warc.com
  SANTA CLARA, CA: Google, Facebook and Twitter have joined forces with a number of major news organisations to introduce a new set of transparency standards to help consumers assess the quality and reliability of their content.They have agreed to...
  
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• Email enjoys a marketing renaissance

  17-11-2017 01:00 via warc.com
  NEW DELHI: Email is enjoying a resurgence among marketers as automation and personalised communications become priorities for brands, according to a senior marketer in India.“Email is now a part of multiple channels, so that’s the new...
  
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• 82% of Americans use a smartphone

  17-11-2017 01:00 via warc.com
  NEW YORK: Smartphone penetration in the US has reached 82% of the potential market, rising to 93% among consumers aged 18 to 24, a new survey has revealed.According to professional services firm Deloitte, nearly 264m Americans use their mobile...
  
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