Sales & Marketing news

• Tesla slumps after Consumer Reports says it will no longer recommend the Model 3 due to 'reliability issues' (TSLA)

  21-02-2019 20:17 via feedproxy.google.com
  Tesla shares dropped Thursday after Consumer Reports said it could no longer recommend the Model 3 due to a variety of problems the publication's members have raised.
  A Tesla spokesperson told Consumer Reports the company had already made "'significant improvements' to correct the issues that Model 3 owners raised."Watch Tesla trade live.
  Tesla shares dropped more than 3% Thursday, below $300, after Consumer Reports said it could no longer recommend the Model 3 due to a variety of problems the p
  
  Read more

• Home sales continue to get whacked, falling to a 3-year low, and an increase in mortgage delinquencies is looming

  21-02-2019 19:18 via feedproxy.google.com
  The housing market got more bad news this week.
  Existing home sales fell again in January, hitting a three-year low. 
  This is the latest in a series of gloomy results for the housing market, which took a dark turn toward the end of 2018.
  Loosening lending standards and rising delinquencies are in the offing  as well, according to Moody's. Another month, another rash of bad news for the US housing market. 
  The National Association of Realtors on Thursday released the January n
  
  Read more

• Trump's proposed car tariffs could trigger a global growth recession, BAML says

  21-02-2019 19:01 via feedproxy.google.com
  A Commerce Department report this week was expected to portray car imports as a threat to national security.
  That would give President Donald Trump 90 days to decide whether to levy proposed tariffs on vehicles.
  Analysts say higher costs and supply-chain disruptions from new tariffs could cause a sharp downturn in global growth.
  President Donald Trump has doubled down on threats to levy duties on car imports from Europe, a move that analysts warn could lead the world economy toward a sharp downt
  
  Read more

• Investing behemoth Fidelity just launched the first-ever fund for founder-led companies. Here's the 3-part 'secret sauce' its manager looks for when picking entrepreneurs.

  21-02-2019 18:36 via feedproxy.google.com
  On Wednesday, Fidelity launched its new Founders Fund, which exclusively invests in companies whose founders are still senior managers or board members.
  Dan Kelley, the fund's lead porfolio manager, gave Business Insider an exclusive look at the three attributes he looks for when investing in an entrepreneur.If you talk to enough portfolio managers, it will eventually become clear just how much they value companies whose founders are still heavily involved.
  But Fidelity — the investment gi
  
  Read more

• Advertisement

• 81% of brands could disappear and European consumers wouldn’t care

  21-02-2019 18:24
  Brands are becoming increasingly irrelevant, delivering poor content and failing to improve consumers’ lives, according to shoppers across the UK and beyond.
  In fact, 81% of brands sold across Europe could disappear and consumers would not care. This is one of the key findings of Havas Group’s Meaningful Brands 2019 report, which is based on 1,800 brands and 350,000 respondents across 31 countries.
  Globally the figure is slightly lower, with consumers saying they would not
  
  Read more

• Kylie Jenner's tweet that whacked Snap's stock was one year ago — and shares have never really recovered (SNAP)

  21-02-2019 18:09 via feedproxy.google.com
  Snap shares plunged after socialite Kylie Jenner tweeted one year ago about how little she used its Snapchat app.
  The tweet underscored broader issues with the app.
  Jenner's tweet didn't quite mark the stock's top, but nevertheless, Snap is still down 50% amid fierce competition and a string of executive departures.
  Watch Snap trade live here.
  One year ago Thursday, Kylie Jenner tweeted her displeasure with Snapchat.
  "Sooo does anyone else not open Snapchat anymore?" she asked her Twitter follow
  
  Read more

• Why 2019 will be a watershed year for online adspend

  21-02-2019 17:00 via warc.com
  WARC’s latest Global Ad Trends, a monthly report which uses the latest evidence to highlight trends in media investment, has found that the internet ad market is in decline beyond the Google and Facebook ‘duopoly’.
  
  Read more

• ‘The three things marketers require to meet the needs of modern customers’

  21-02-2019 16:46
  The nature of modern customers means marketers face a radically different landscape from their marketing forefathers and mothers.
  Customers expect to make purchases and consume content 168 hours a week, whenever, and however, they choose. The rise of the 168-hour economy, at a time when the majority of marketers still expect to work the traditional 38-hour week of the 1960s, means many brands and services are failing to keep pace with expectations.
  Ask senior marketers what marketing framework
  
  Read more

• Advertisement

• Alexandria Ocasio-Cortez's Green New Deal is right about transforming transportation — but we don't have to wait for its more ambitious goals

  21-02-2019 16:30 via feedproxy.google.com
  US Representatives Alexandria Ocasio-Cortez and Ed Markey's Green New Deal is wildly ambitious and has sparked needed debate about solutions to global warming.
  The Green New Deal argues for sweeping changes to the nation's transportation system.
  Those sweeping changes would all be great — but they're also politically challenging and have set off distracting debates.
  Real change at a "good enough" level could start much sooner.
  The "Green New Deal" non-binding resolution introduced by Repre
  
  Read more

• The Founding 50 reveal their initial ideas to get young people excited about marketing

  21-02-2019 16:16
  Getting diverse young people across the UK to consider the benefits of a career in marketing is no mean feat. A group of 50 young marketers have, however, taken up the challenge and are starting to formulate plans to raise awareness about how dynamic and fulfilling a marketing career can be.
  Known as the Founding 50, these young ambassadors are representatives of the School of Marketing, a cross-industry initiative launched in September 2018. Supported by an advisory board including marketing l
  
  Read more

• The Independent Group can only win with strong and clear positioning

  21-02-2019 16:12
  Strong policy positions on a few key issues will be the biggest factor in the success or failure of a new political party, if one is formed by MPs who have split from Labour and the Conservatives this week. But voters’ party loyalty presents a high hurdle to overcome.
  The biggest influence on voting intention is the few key issues that matter most to people, according to new research of 1,005 UK consumers carried out exclusively for Marketing Week by Toluna.
  More than half (53%) rank this
  
  Read more

• Lyft could launch its IPO as soon as next week, according to multiple reports

  21-02-2019 15:49 via feedproxy.google.com
  A flurry of news reports Wednesday said Lyft is almost ready to begin the IPO process. 
  The ride-hailing firm could make its confidential filing public as early as next week, with a road-show beginning in March. 
  Beating Uber to public markets could be huge for the smaller rival, experts have told Business Insider. Lyft may beat Uber to public markets, according to multiple news reports published this week.
  Both Bloomberg and the Wall Street Journal reported the company was planni
  
  Read more

• Domino's Pizza sinks after same-store sales miss (DPZ)

  21-02-2019 14:59 via feedproxy.google.com
  Domino's Pizza posted same-store sales that fell short of expectations.
  The pizza chain also missed on both the top and bottom lines. 
  Shares fell 7.3% early Thursday.
  Watch Domino's Pizza trade live.
  Domino's Pizza sank more than 7% Thursday morning after delivering disappointing same-store sales for the fourth quarter. 
  The pizza chain said domestic same-store sales jumped 5.6% versus a year ago, falling short of the 7.2% gain that analysts surveyed by Bloomberg were expecting. 
  
  Read more

• Johnson & Johnson was subpoenaed by the DOJ and the SEC over baby powder safety (JNJ)

  21-02-2019 14:33 via feedproxy.google.com
  Johnson & Johnson was subpoenaed by the Department of Justice and Securities and Exchange Commission to produce documents relating to the safety of the company's baby powder and other products containing talc.
  The inquiries were disclosed in a filing with the SEC on Wednesday.Johnson & Johnson was cooperating with the inquiries and would produce documents in response, the filing said.
  The inquiries were related to December press reports about product-liability lawsuits against the
  
  Read more

• Goldman Sachs and Apple are reportedly partnering to launch a new iPhone-linked credit card (GS, AAPL)

  21-02-2019 14:26 via feedproxy.google.com
  Goldman Sachs is partnering with Apple to launch a new credit card paired with fresh iPhone features, according to a story from The Wall Street Journal on Thursday.
  It will be the first consumer credit card launched by Goldman Sachs, which has been active in the retail-banking space for only about two years.
  The card will reportedly give customers additional features in Apple's wallet app and allow them to "set spending goals, track their rewards, and manage their balances."
  The move comes as bo
  
  Read more

• Companies are on pace to shatter records for share buybacks — and their behavior is dispelling a few key myths about the stock market

  21-02-2019 14:14 via feedproxy.google.com
  Stock buybacks are on track to set an annual record for a second-straight year, according to data compiled by Bank of America Merrill Lynch.  
  The unprecedented fervor with which companies are still repurchasing their shares sends a number of key messages about the market — contradicting what some strategists have forecast.  It's only February, but one stock-market trend that shattered records in 2018 is already on track to set a new milestone.
  Publicly traded companies
  
  Read more

• IEX just released a mock infomercial trolling NYSE and Nasdaq, and it's sure to get Wall Street's attention

  21-02-2019 14:00 via feedproxy.google.com
  IEX published a video on its YouTube channel mocking the high fees other exchanges charge. The video is set to run as an ad on CNBC on February 26 and February 27, according to a spokesman. 
  The video, which was shot in the style of an infomercial, is the latest punch thrown by the startup exchange in its fight against the three large exchange groups: Nasdaq, Intercontinental Exchange, and Cboe Global Markets. 
  In January, IEX published a whitepaper outlining market data fees at all th
  
  Read more

• Juventus shares are tanking after Ronaldo's side suffered a major Champions League blow

  21-02-2019 13:43 via feedproxy.google.com
  Juventus' shares were tumbling after the club's 2-0 away loss to Atletico Madrid dented their hopes of winning this season's Champions League. 
  Cristiano Ronaldo, signed for big money in the summer, had a difficult game with investors seemingly negative on the club's chances with Juventus stock down 9.3% as of 12.25 in London (7.25 ET). 
  Juventus had big hopes for this season's competition, but a potential knockout in the last-16 would be a major blow to the club. It was more than
  
  Read more

• As investors panic about the rising chance of a global recession, this 'canary in the coal mine' suggests they may be right

  21-02-2019 13:00 via feedproxy.google.com
  A data point often considered a "canary in the coalmine" for the global economy had a second consecutive dreadful month, according to preliminary data released Thursday.
  South Korean exports fell 11.7% compared to the previous year in February, following a nearly 15% drop in January.
  "Leading indicators, particularly out of China — Korea’s main export market — point to steeper declines in the coming months, with no real relief in sight until the latter stages of 2019," Freya Be
  
  Read more

• 10 things you need to know before the opening bell (SPY, SPX, NKE, GRMN)

  21-02-2019 13:00 via feedproxy.google.com
  Here is what you need to know.The Fed admits it contributed to the stock market's wild ride in December. "A variety of factors —including FOMC communications, weaker-than-expected data, trade policy uncertainties, the partial federal government shutdown, and concerns about the outlook for corporate earnings — were cited by market participants as contributing to a deterioration in risk sentiment early in the period," the Federal Open Market Committee's minutes said Wednesday.
  A no-de
  
  Read more

• Nike shares slide after Zion Williamson's sneaker malfunction (NKE)

  21-02-2019 12:59 via feedproxy.google.com
  Shares in the sportswear giant Nike tumbled Thursday after a star college basketball player was injured when his sneaker malfunctioned during a high-profile rivalry game.
  No. 1 Duke's Zion Williamson, who is expected to be the top pick in this year's NBA draft, sustained a knee injury after his shoe split open just 33 seconds into a game against No. 8 North Carolina.
  The sportswear company was quick to point out that the problem was an "isolated occurrence," but its shares were still down 1.6% a
  
  Read more

• Legal marijuana could be a big winner if the stock market tanks

  21-02-2019 12:02 via feedproxy.google.com
   The wave of global marijuana legalization in 2018 could have something to do with last year's highly volatile stock market, says Chuck Thompson, a socionomics analyst.
  When people derive a negative mood from market sell-offs, they begin to view recreational drugs as less dangerous, even innocuous, and vice versa, Thompson said.
  Many moments in history show a correlation between the fate of the US's cannabis industry and the performance of Wall Street. 
  If the stock market sees a huge
  
  Read more

• The stock market's recent turbulence reminds one expert of the periods before the past 2 financial crises — here's how he says investors should respond

  21-02-2019 11:58 via feedproxy.google.com
  The stock market's torrid rally since its December meltdown has given investors the mistaken impression that the worst is over, Societe Generale says.
  The firm says elevated volatility conditions are here to stay because the economy is slowing down, which could lead to more sharp sell-offs.
  SocGen offers a strategy for investors looking to protect themselves from any future stock market weakness.Stocks have been on a tear since they were pushed to the brink of a bear market in December. Consider
  
  Read more

• BAML: Investors are freaking out about the rising prospect of a global recession

  21-02-2019 11:54 via feedproxy.google.com
  A global recession is now the biggest fear for credit investors, according to a survey by Bank of America Merrill Lynch.
  Thirty percent of those surveyed by the bank suggested recession was their most significant worry, the highest level for a single concern since June 2017.
  Intriguingly, investors didn't express concern with rising yields or inflationary pressures, with Brexit concerning only 2% of those surveyed.Recessionary risks are flashing in the minds of both high-grade and high-yield inv
  
  Read more

• The credit of British companies is declining in quality, and austerity and Brexit are largely to blame

  21-02-2019 10:59 via feedproxy.google.com
  The creditworthiness of British companies is declining in quality, according to Credit Benchmark, a research firm which tracks corporate debt.
  Companies in the EU and the US are holding up.
  The UK government's fiscal austerity, Brexit, and a declining currency are largely to blame — factors that aren't present in Europe or America, according to Credit Benchmark's David Carruthers.The credit of British companies is declining in quality and austerity and Brexit are largely to blame, accordin
  
  Read more

• How Adidas is trying to shake off hiking’s ‘stale’ image

  21-02-2019 08:00
  https://s3-eu-central-1.amazonaws.com/centaur-wp/marketingweek/prod/content/uploads/2019/02/19095641/ADID_47156_531847.mp4Adidas is making a big investment in hiking with the launch of a new boot, as it looks to shake up the sector and make it “fit for today’s consumers”.
  Speaking to Marketing Week, Adidas’s global VP of marketing and digital commerce Stephen Dowling says the sportswear giant’s ‘Free Hiker’ shoe champions its heritage and reputation as a
  
  Read more

• GambleAware targets 2.4 million impulsive gamblers with campaign focused on regret

  21-02-2019 01:01
  GambleAware is launching its first campaign that aims to reach a broader audience than problem gamblers with a campaign aimed at impulsive gamblers
  Focused on the 2.4 million men aged between 16 and 34 that it has identified are at highest risk of a developing a gambling problem, the charity hopes its ‘Bet Regret’ campaign will tap into the sinking feeling that comes after placing a bet you immediately regret.
  From betting while bored at work, while drunk or in the hunt to make
  
  Read more

• What happens when cash usage declines?

  21-02-2019 01:00 via warc.com
  Across Europe, the use of notes and coins is declining. In the UK, cash usage is declining faster than in most places - none of those countries have any robust plans. What does this mean?In the UK, over two thirds are now made using payment cards,...
  
  Read more

• Microsoft champions trust and transparency

  21-02-2019 01:00 via warc.com
  Microsoft, the technology giant, believes that injecting greater trust and transparency into the digital ecosystem should be a vital objective for marketers.Rik van der Kooi, the corporate vice president of the Microsoft Advertising Business...
  
  Read more

• Internet in decline beyond Google and Facebook

  21-02-2019 01:00 via warc.com
  New WARC forecasts – based on data from 96 countries – predict a 4.3% rise in global adspend, bringing total investment to over $616 billion. But while internet advertising is still the driving force, the online market is showing signs...
  
  Read more

• How Man City plans to go global with China acquisition

  21-02-2019 01:00 via warc.com
  The owner of English Premier League champions Manchester City is heading a takeover of the Chinese soccer club, Chengdu-based Sichuan Jiuniu as part of a strategic foray into the country's rapidly growing soccer market.City Football Group (CFG),...
  
  Read more

• Greggs touts the effectiveness of the vegan 'sausage' roll buzz

  21-02-2019 01:00 via warc.com
  UK bakery chain Greggs believes the launch of its much-discussed vegan sausage roll helped generate an "exceptional sales performance" at the start of 2019.The publicity surrounding the Quorn-filled rolls helped drive footfall during the seven...
  
  Read more

• Google set to enter gaming market with new streaming service

  21-02-2019 01:00 via warc.com
  In a move that could herald a major shift of focus for the lucrative gaming sector, Google is expected to announce it's ready to take its Project Stream mainstream.It’s thought the new game-streaming service will operate rather like Netflix...
  
  Read more

• Douyin targets Tencent's mini-gaming dominance

  21-02-2019 01:00 via warc.com
  Douyin, the viral short video app known as TikTok in international markets, is introducing a mini-game into its app, in a move that will put it in direct competition with the gaming and social media giant Tencent.This is according to
  
  Read more

Follow @sales_mrktinguk on Twitter!