Sales & Marketing news

• Dow dives over 500 points before recouping all of its losses and then some

  10-12-2018 22:02 via feedproxy.google.com
  Stocks extended sharp declines Monday before recouping their losses. 
  The S&P 500 shed 4.6% last week, the most since March.
  Watch the major US indexes trade in real time here.Stocks recovered from sharp losses Monday as technology names helped investors shake off trade tensions, days after the market posted its worst week in nine months.
  The Dow Jones Industrial Average closed 0.13% higher after earlier falling more than 500 points. The Nasdaq Composite and the S&P 500, which on Fr
  
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• 'Giving stuff away for free won't work' for Victoria's Secret and Pink (LB)

  10-12-2018 21:49 via feedproxy.google.com
  Victoria's Secret and its Pink brand's aggressive promotions are pulling demand forward and hurting long-term pricing power, Jefferies says.
  Victoria's Secret, together with Pink, is selling cheaper and cheaper bras and panties and yet the consumer still isn't responding, according to Jefferies' tracking of data.
  As part of L Brands' third-quarter earnings, the company announced Victoria's Secret CEO Jan Singer was on the way out.
  In August,the company said Denise Landman, Pink's CEO, would reti
  
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• China's trade data wasn't pretty — and analysts say the worst is yet to come

  10-12-2018 21:39 via feedproxy.google.com
  China's export and import growth dropped more than expected last month.
  Shipments to the US remained strong, however.
  Economists say the trade data points to signs the economy is on course to further falter. 
  China's trade growth slowed sharply in November. And it may be just the beginning of troubles for the world's second largest economy.Total exports grew 5.4% from a year earlier last month, the General Administration of Customs said Saturday, marking the slowest pace in eight months and
  
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• What you need to know about Meng Wanzhou, the daughter of a Chinese tech founder whose arrest could set fire to US-China relations

  10-12-2018 20:44 via feedproxy.google.com
  Huawei executive Meng Wanzhou was recently detained on suspicion of violating US trade sanctions, which the company has long been under investigation for by federal authorities.
  Meng serves as the chief financial officer and deputy chairwoman of the board at the Chinese tech company, and is also the daughter of Huawei's founder.
  Her arrest has sparked outrage from Chinese officials, who have demanded the US to release Meng or face "grave consequences."
  Here's a helpful primer on the Huawei execu
  
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• What you need to know about Meng Wanzhou, a Chinese tech founder's daughter whose arrest could set fire to US-China relations

  10-12-2018 20:44 via feedproxy.google.com
  Huawei executive Meng Wanzhou was recently detained on suspicion of violating US trade sanctions, for which the company has long been under federal investigation.
  Meng serves as the chief financial officer and deputy chairwoman of the board at the Chinese tech company and is also the daughter of Huawei's founder.
  Her arrest has sparked outrage from Chinese officials, who have demanded that the US release Meng or face "grave consequences."
  Here's a helpful primer on the Huawei executive and her c
  
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• Lyft could be worth $5 billion more than its most recent private valuation — here's how to price the ride-hailing company on public markets

  10-12-2018 19:26 via feedproxy.google.com
  Lyft is finally going public, and one analyst estimates it could be worth nearly $20 billion — well above its latest valuations as a private company.
  Santosh Rao of Manhattan Venture Partners laid out his vision for Lyft as a public platform company in a 60-page note to clients on Monday.
  The "free rider effect" helped Lyft to quietly grow in Uber's shadows, he says, while learning from the giant's missteps.Lyft and Uber — two of the world's best-known private companies — both
  
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• Legendary investor Paul Tudor Jones warns the coming December interest-rate hike 'will be the last one for a long time'

  10-12-2018 18:43 via feedproxy.google.com
  The Federal Reserve is expected to raise its key interest rate next week for the fourth time this year — to a range of 2.25% to 2.5%.
  Paul Tudor Jones, a legendary investor, says this hike "will be the last one for a long time."
  A few months ago, Fed policymakers indicated they would probably increase interest rates three times in 2019.Recently, the Fed has signaled a potential turning point for the rate-hike path as the economy has shown some signs of slowing down.
  The Federal Reserve is
  
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• A $2.8 trillion investor is bracing for even greater turbulence in the stock market — here's where she says you should put your money

  10-12-2018 18:22 via feedproxy.google.com
  Investors are worried that threats to the global economy will materialize sooner rather than later, according to Lori Heinel, the deputy global chief investment officer at the $2.8 trillion State Street Global Advisors.
  She added that the ongoing turbulence was heightened by the Federal Reserve's transition to more normal interest rates.
  Heinel offered four recommendations for investors navigating this new reality.Get used to it: The ongoing turbulence in the stock market will probably be with u
  
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• How brands are establishing a deeper connection with young people

  10-12-2018 16:50 via warc.com
  Brands are engaging with the concerns and sensitivities of young people and their enhanced ability to countenance their vulnerabilities. Voxburner takes a look at the research beneath the surface.
  
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• The maker of Marlboro cigarettes is gaining a 'unique entry into cannabis' (MO, CRON)

  10-12-2018 16:45 via feedproxy.google.com
  Altria's $1.8 billion investment in the cannabis producer Cronos is mutually beneficial, a Cowen analyst says.
  Cronos has a focus on rare cannabinoids, which has greater potential than just focusing on the two most known cannabinoids, Azer added.
  Cronos can leverage Altria's expertise to focus on ingredient composition without reliance on a massive cultivation infrastructure, Azer said.
  Watch Altria and Cronos trade live.
  Marlboro cigarette maker Altria's $1.8 billion investment in the can
  
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• Some big-money investors are turning their backs on Apple, RBC says (AAPL)

  10-12-2018 16:11 via feedproxy.google.com
  Big-money investors are paring their holdings in Apple shares, according to a new report from RBC Capital Markets.
  The stock is no longer one of the top overweight holdings in Russell 1000 value benchmark funds.
  This may signal a shift in long-only investors' interests, the report says.
  Watch Apple trade live here.
  Big funds that once bet heavily on Apple have taken a step back.
  Apple was no longer a top overweight holding in Russell 1000 value benchmark funds as of this year's third quarter, ac
  
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• The pound sinks to its lowest level in 18 months after Theresa May delays key Brexit vote

  10-12-2018 15:41 via feedproxy.google.com
  The British pound plunged to its lowest level in 18 months after Prime Minister Theresa May delayed a key Brexit vote.
  Sterling fell 1% on Monday after May opted to push back the debate on fears of an overwhelming defeat for her deal.
  Watch the British pound trade live.It's been one of those Mondays for Theresa May.
  Britain's prime minister delayed a meaningful vote on her Brexit deal, after hours of confusion, to avoid a crushing defeat — and the pound was taking a hit. Sterling had dropp
  
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• Trump's trade war is causing GoPro to move production of its US-bound cameras out of China

  10-12-2018 15:33 via feedproxy.google.com
  GoPro says it plans to move the production of most of its US-bound cameras out of China by next summer.
  The action-camera maker says it hopes to "mitigate the potential impact of inclusion on any new tariff lists."
  GoPro in January announced a restructuring plan with the hope of returning to profitability by the end of the year.
  Watch GoPro trade live.
  GoPro says it is moving the production of most of its US-bound cameras out of China by next summer to "mitigate the potential impact of inclusion
  
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• 'It ends next year': What Wall Street's biggest firms are forecasting for the stock market in 2019, and where they say you should put your money

  10-12-2018 14:44 via feedproxy.google.com
  Most equity strategists at major Wall Street firms expect 2019 to be another positive year for the stock market, but with major setbacks.
  The feverish gains previously seen during this bull market run are not expected to last much longer, and assets that previously underperformed are falling back into favor.
  Business Insider rounded up the forecasts and investing tips for navigating 2019 from strategists at Wall Street's top firms."Own stocks, but it ends next year."
  That quote, from Savita Subr
  
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• Bob Wootton: Complexity is no excuse for ignoring the failings of online media

  10-12-2018 14:42
  I first started considering the landslide wonderfulness of online media channels in the light of revelations about the (non-)viewability of ads back in 2011.
  Since then, concerns over how many online ads can actually be seen have been joined by greater concerns over whether users are blocking ads altogether; the safety of the environments in which they might appear; and whether promised audiences are inflated or even exist.
  Fortunately, either new dynamic balances have been reached (eg consumer
  
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• Softbank prices its $23.5 billion IPO — one of the biggest of all time

  10-12-2018 14:34 via feedproxy.google.com
  SoftBank priced its initial public offering Monday.The conglomerate is set to raise as much as 2.65 trillion Japanese yen ($23.5 billion) through the issuance of up to 1.76 billion shares at 1,500 yen ($13) apiece.
  That makes it the biggest-ever IPO in Japan and one of the largest of all time globally, just shy of Alibaba's $25 billion US IPO.
  SoftBank will debut on the Tokyo Stock Exchange on December 19.Japan's SoftBank on Monday announced that it will raise 2.65 trillion Japanese yen ($23.5 b
  
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• Artificial intelligence, high street sales, travel sector: 5 killer stats to start your week

  10-12-2018 14:18
  1. November marks 12th consecutive month of footfall decline
  Footfall in November fell 3.2% on the previous year, marking the 12th consecutive month of decline, as the ‘Black Friday’ effect drove more shopping online.
  High street footfall decreased 3.8%, the fourth straight month of declines with Northern Ireland the only region to sustain its growth of 2.7%. The East, South East and East Midlands experienced the deepest declines of 5.6%, 4.8% and 4.7%, respectively.
  Retail parks fo
  
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• Quant juggernaut AQR is putting a €1.3 billion short bet on Germany as hedge funds seize on the DAX's very bad year

  10-12-2018 14:10 via feedproxy.google.com
   AQR, a quant-driven hedge fund, has built up short positions in Deutsche Bank, Bayer and ThyssenKrupp. Marshall Wace and Merian Global also have also shorted German stocks.
  Germany's DAX Index has underperformed the broader European benchmark this year, hurt by trade-war fears, Deutsche Bank's woes, and government uncertaintyAQR Capital, a quant-driven hedge fund, is betting about €1.3 billion ($1.5 billion) on a decline in German stocks, joining other short sellers in swirling the i
  
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• The head of India's central bank steps down for 'personal reasons' — 5 days after the government invoked special powers to give it more control

  10-12-2018 13:59 via feedproxy.google.com
  Urjit Patel, the head of India's central bank has resigned for "personal reasons."
  His departure comes five days after the Indian government invoked special powers that would give it more say on some aspects of monetary policy. 
  Watch the Indian rupee trade live.
  The head of the Reserve Bank of India has resigned for "personal reasons," according to a statement put out by the central bank on Monday morning.
  "On account of personal reasons, I have decided to step down from my current positio
  
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• A $9 billion hedge fund manager gives his best career advice to Wall Street hopefuls. Here's the one thing he wishes he'd done differently.

  10-12-2018 13:00 via feedproxy.google.com
  David Abrams, who manages nearly $9 billion with his fund Abrams Capital, rarely makes public appearances.
  He gave career advice to attendees at a New York conference on Friday that included students looking to land jobs on Wall Street.David Abrams, who has worked on Wall Street for over 20 years, manages nearly $9 billion at his Boston-based hedge fund, Abrams Capital.
  He rarely makes public appearances, with hedge funders describing him as a "unicorn" who is often talked about but never seen.
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA)

  10-12-2018 12:59 via feedproxy.google.com
  Here is what you need to know.Trump's trade war is sending the S&P 500 toward its worst December in 16 years. The S&P 500 has fallen 4.6% in December and is on track for its worst closing month of the year since 2002.
  China warns of 'grave consequences' if Huawei's CFO isn't released. China summoned US Ambassador Terry Branstad to Beijing to protest Canada's detention of Huawei CFO Meng Wanzhou and warned that it would take further steps based on the US's response, the Associated Press
  
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• 100 BlackRock investing pros got together to formulate a game plan for 2019 — and we got an exclusive look at their 3 big themes for the year

  10-12-2018 12:05 via feedproxy.google.com
  BlackRock assembled roughly 100 investment professionals at its 2019 outlook forum to establish a firmwide view for markets.
  Business Insider got an exclusive first look at BlackRock's outlook, which consists of three major themes the firm sees dictating market action in 2019.2018 started out innocently enough, with the positive effect of President Donald Trump's tax law lifting stocks to record highs.
  But the path since then has been anything but smooth as volatility and macro uncertainty have
  
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• So much for a 'Santa rally': Trump's trade war is sending the S&P 500 toward its worst December since 2002

  10-12-2018 11:24 via feedproxy.google.com
  Stocks in Asia and Europe and futures in the US continued their decline after Friday's sell-off in the US, as President Donald Trump's trade war worries investors.
  China ratcheted up trade tensions over the weekend following the arrest last week of Huawei's chief financial officer, Meng Wanzhou. Weak Chinese trade and inflation data and a slump in Japan's economy have also hurt sentiment.
  In Europe, Germany's DAX slumped on weak export data, while UK government disarray added to uncertainty.Hope
  
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• Procter & Gamble, gambling ads, Hamleys: Everything that matters this morning: Everything that matters this morning

  10-12-2018 08:35
  Gambling industry will ban ads during live sports
  The gambling industry has agreed to ban TV adverts during live sporting events.
  The Industry Group for Responsible Gambling, a collective body for the sector’s trade associations, said the “whistle-to-whistle” ban will come into force in the summer of 2019.
  The restrictions will effectively stop betting advertisements from being shown in commercial breaks during televised live sports. This does not apply to horse and greyhound
  
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• P&G, gambling ads, Hamleys: Everything that matters this morning

  10-12-2018 08:35
  Gambling industry will ban ads during live sports
  The gambling industry has agreed to ban TV adverts during live sporting events.
  The Industry Group for Responsible Gambling, a collective body for the sector’s trade associations, says the “whistle-to-whistle” ban will come into force in the summer of 2019.
  The restrictions will effectively stop betting advertisements from being shown in commercial breaks during televised live sports. This does not apply to horse and greyhound
  
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• Debenhams, Wetherspoons, Football Association: Everything that matters this morning

  10-12-2018 08:35
  Mike Ashley blasts Debenhams for not accepting his £40m investment
  Sport Direct’s Mike Ashley has written a curtly worded letter to the boss of Debenhams, claiming the department store “has zero chance of survival” if it fails to accept his £40m investment.
  He already owns 29% of Debenhams, making him its biggest shareholder, and offered the cash to “save” the business in exchange for 10% of its shares.
  In the letter addressed to CEO Sergio Bucher, whic
  
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• Coca-Cola, Channel 4, WPP: Everything that matters this morning

  10-12-2018 08:35
  Channel 4 marketing boss Dan Brooke leaving to start own agency
  Channel 4’s marketing boss Dan Brooke is leaving the broadcaster after eight years to start his own agency with a focus on helping companies be mission and purpose driven.
  Brooke has had two stints at Channel 4. He originally worked at the broadcaster between 1998 and 20005, when he was head of marketing and development for Film4 before being promoted to managing director of digital channels.
  He left in 2005 to join Discovery
  
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• Brexit, WPP, Under Armour: Everything that matters this morning

  10-12-2018 08:35
  Government splashes £100,000 on Facebook ads ahead of postponed Brexit vote
  The Government spent £96,684 of public money over the past week on Facebook ads backing Theresa May’s Brexit deal, only for the Prime Minister to postpone Parliament’s vote on the Withdrawal Agreement scheduled for today.
  The adverts, which according to reports in the Guardian have been shown at least five million times in the past week, were given the hashtag #BackTheBrexitDeal and comprised of
  
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• Amazon, Uber, O2: Everything that matters this morning

  10-12-2018 08:35
  Amazon to bring checkout-free store to UK
  Amazon is planning to open one of its cashierless Amazon Go stores in London.
  According to a report in The Sunday Telegraph, sources say Amazon is looking for a site around the Oxford Circus area between 3,000 and 5,000 square feet in size.
  Amazon Go began rolling out in the US at the beginning of the year, with the tech giant looking to open 3,000 stores in the US and internationally over the next three years.
  A spokesperson for Amazon said the company
  
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• Hack your commute: Get a head start on the job hunt

  10-12-2018 08:30
  Early January is the time of the workplace epiphany, when people follow the mantra ‘new year, new you’ and start seeking new job opportunities. But chances are, if you’re likely to be making that decision a month from now, the reasons for it should be just as pertinent in December.
  While it might not seem the best time to get your head in the game of trawling through job ads and polishing your CV, there should be no time like the present.
  Once you get under way with a few appl
  
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• 2018 year in review: It’s been a bad year for…

  10-12-2018 08:00
  The High Street struggles for survival
  Troubled consumer confidence, crippling business rates and digital disruption have all been blamed for the battering endured by the British high street in 2018. From casual dining to department store chains, high street stalwarts have fallen into the red at an alarming rate.
  This was the year toy superstore Toys R Us and electronics retailer Maplin disappeared from the UK high street. House of Fraser also collapsed into administration in August owing nearl
  
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• WFA identifies the top four programmatic markets

  10-12-2018 01:00 via warc.com
  Programmatic spend per capita can give advertisers a strong indication of market maturity, but a new global study that examines other factors, such as private marketplace (PMP) adoption, reveals the countries that are leading the way.According to...
  
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• Native ads lead to greater purchase intent than display

  10-12-2018 01:00 via warc.com
  British consumers are more likely to purchase from brands and recommend them to others once they have been served relevant, native ads rather than traditional display ads, a new survey has found.According to Oath, the digital tech firm owned by...
  
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• Lessons from Macy's demise in China

  10-12-2018 01:00 via warc.com
  Macy’s, the US department store chain, announced last week that it will close its store on Tmall, the huge online marketplace owned by Alibaba, in a move that effectively ends its presence in China – a market that had once seemed...
  
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• Can legacy brands compete with direct-to-consumer rivals?

  10-12-2018 01:00 via warc.com
  Legacy brands may struggle to compete with direct-to-consumer rivals unless they consider making acquisitions in this space, according to Terry Kawaja, founder/chief executive of LUMA Partners, a New York-based investment bank.“I am going to...
  
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• Asian consumers care about social issues close to them

  10-12-2018 01:00 via warc.com
  Numerous studies have shown that consumers in Asia welcome brands that engage in social issues, such as global climate change or gender equality, but new research suggests what they actually care about are causes closer to home.That consumers in...
  
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• Altria invests $1.8bn in cannabis firm Cronos

  10-12-2018 01:00 via warc.com
  Altria Group, the maker of Marlboro cigarettes and one of the largest manufacturers of tobacco in the world, has taken a bold step into the cannabis market by investing $1.8bn in Cronos Group, a cannabinoid firm based in Toronto.Rumours had been...
  
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