Sales & Marketing news

• Attract, Explore, Inspire: United Colors of Benetton

  16-07-2019 23:49 via retailpro.com
    United Colors of Benetton’s London flagship on Oxford Street marks a significant change of pace for the Italian fashion brand.     The retailer has incorporated informal, hi-tech spaces into the three-storey space, as well as a knitwear theatre …
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• Lyft's Citi Bikes are expanding to the Bronx and other New York City areas after being criticized for serving only rich neighborhoods (LYFT)

  16-07-2019 22:27 via feedproxy.google.com
  Citi Bike's third wave of expansion was announced Tuesday, with new stations planned for the Bronx, Queens, Brooklyn and Manhattan. 
  The Lyft-owned bike-share system says it will have 40,000 bikes — more than triple the current amount — online by 2023. 
  However, the expansion comes amid a spate of cyclists killed by cars in New York City and activists say local politicians and police haven't done enough to stop it. 
  Earlier this month, a community group blasted Citi Bi
  
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• Stocks slide after Trump threatens more tariffs and bank earnings disappoint

  16-07-2019 22:13 via feedproxy.google.com
  Stocks closed lowered on Tuesday after President Trump said the US still has a long way to go with China on trade, and threatened to add new tariffs on $325 billion worth of Chinese products. 
  Second-quarter reporting from some of Wall Streets biggest banks fueled concerns over the impact of low interest rates earnings. 
  Tech stocks slid  as executives from Amazon, Apple, Facebook, and Alphabet attempted to ease antitrust concerns on capital hill. 
  Visit the Markets Insider h
  
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• It's absurd that we're even entertaining Facebook's Libra currency idea (FB)

  16-07-2019 21:44 via feedproxy.google.com
  No, Facebook should not be allowed to have its own currency.
  The company can't be trusted with the power it has; no reasonable regulator should give it more.
  As one senator said, Facebook has allowed "flagrant displays of bulls---" on its platform — how can we trust that it will not allow "flagrant displays of bulls---" in its financial transactions?
  Visit Business Insider's homepage for more stories.The US government shouldn't even be entertaining the idea that Facebook be allowed to crea
  
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• Facebook's cryptocurrency plans hit a bipartisan wall of suspicion from US lawmakers: Why should anyone trust Facebook? (FB)

  16-07-2019 21:26 via feedproxy.google.com
  David Marcus, Facebook's cryptocurrency chief, testified before a Senate committee on Tuesday.
  Skeptical senators wanted to know why they should trust Facebook to build a digital currency, given its track record of scandals.
  Marcus argued in part that if an American company doesn't do this, a foreign one will instead.
  The question of antitrust also came up.
  Visit Business Insider's homepage for more stories.Facebook's David Marcus faced a bipartisan grilling for more than two hours in the US Sen
  
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• 10 companies Trump invited to the White House this week shared with us their thoughts on his recent racist comments

  16-07-2019 21:09 via feedproxy.google.com
  The White House hosted a company from each state on Monday for an event that highlighted American-made products.
  But when President Donald Trump went off on a tangent regarding racist statements he wrote on Twitter over the weekend, he was met with increasingly loud applause from company representatives gathered on the South Lawn.
  Business Insider reached out to all of the companies represented in the crowd. Here's what a few had to say.
  Visit Markets Insider for more stories.
  The White House ho
  
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• Spotify tumbles on reports Apple will fund its own original podcasts (AAPL, SPOT)

  16-07-2019 21:06 via feedproxy.google.com
  Apple is planning to fund its own original podcast content, Bloomberg reported. 
  Spotify slid on the news that Apple is increasing its investment to keep competition at bay. 
  Competition in podcasting has ramped up as advertising revenue has increased from the medium. 
  Watch Spotify trade live on Markets Insider.
  Shares of Spotify slid more than 3% on news Apple plans to fund its own podcasts that would be exclusive to its audio service, Bloomberg reported, citing people familiar
  
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• Food-delivery services can't seem to pull people away from the 23 pounds of pizza they eat every year (UBER, GRUB, DPZ)

  16-07-2019 19:55 via feedproxy.google.com
  While franchises like Domino's are worried about food-delivery companies hurting their business, data from Cowen suggests services like UberEats and Grubhub have failed to lure consumers from ordering pizza the old-fashioned way. 
  According to Cowen analyst Andrew Charles, pizza delivery won't experience a sharp drop-off as food-delivery companies expand. And any decline that does occur will be more gradual in nature. 
  Cowen conducted a survey of 2,500 consumers and found those orderin
  
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• Blue Apron skyrockets after saying it will add super-popular Beyond Meat to its menus this summer

  16-07-2019 18:57 via feedproxy.google.com
  Blue Apron announced Tuesday that it would offer Beyond Meat products in recipes beginning in August. 
  Shares rocketed more than 50% on the news, following months of declines for the food delivery service. 
  Blue Apron is capitalizing on the booming demand for plant-based meat alternatives, which consumers can't seem to get enough of right now. 
  Watch Blue Apron trade live on Markets Insider. 
  Blue Apron is getting a much needed boost from plant-based meat. 
  Shares of Blu
  
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• What trade war? The biggest investors on Wall Street are shifting their sights to a new worry

  16-07-2019 18:42 via feedproxy.google.com
  Fund managers surveyed by Bank of America Merrill Lynch in July are becoming more concerned about monetary policy impotence.While some have added risk and reduced cash, most are still positioned for low inflation and low growth.The Federal Reserve is expected to cut rates in July, but the path after that is murkier.
  It's also unclear how much further a rate cut will boost stocks, which are already near record highs.
  Read more on Markets Insider.
  As the trade war stagnates, investors are pinning
  
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• Fiat Chrysler slumps after Goldman Sachs says to sell the stock (FCA)

  16-07-2019 18:24 via feedproxy.google.com
  Fiat Chrysler sank as much as 5.1% Tuesday after Goldman Sachs gave it a "sell" rating, erasing a month of gains as markets hit record highs.
  The investment bank set its price target at $13.50 per share, implying a 8.5% downside from its current price of $13.67.
  Goldman analysts cited market volatility in Latin America, a lack of investment in high-tech automotive technologies, and Europe's strict CO2 regulations as main issues facing the automaker.
  Watch Fiat Chrysler trade live here.
  Visit the
  
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• Pivotal, part of the Dell empire, is making a big bet on the Google-created Kubernetes cloud software as it rights the course after a 'train wreck quarter' (PVTL)

  16-07-2019 18:00 via feedproxy.google.com
  On Tuesday, Pivotal announced an alpha version of Pivotal Application Service for Kubernetes, which allows developers to ship, secure, and run code on the popular open source cloud project started by Google engineers.
  Pivotal CEO Rob Mee says he hopes this product will get customers excited and open up sales opportunities, while also plugging what it saw as some gaps in the Kubernetes world.
  Besides that, Pivotal is inspecting its sales process and hired Chad Sakac as the new sales leader for No
  
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• JPMORGAN: Investors are making a major error right now. Here are the trades that can help them right the ship and crush the 2nd half of 2019.

  16-07-2019 17:40 via feedproxy.google.com
  JPMorgan's John Normand says investors are making an critical mistake that could leave them misaligned as the US economy slows.
  Normand says investors are betting on strong economic growth that isn't likely to materialize, and their error has helped push stock indexes to all-time highs.
  He's telling investors to prepare for weaker growth with slowly rising inflation as well as slower profit gains for S&P 500 companies.
  Visit Business Insider's homepage for more stories.With US stocks near al
  
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• Uber and Lyft rides are down in New York City thanks to a minimum-wage rule that drove up prices. Analysts say it could have been even worse. (UBER, LYFT)

  16-07-2019 17:36 via feedproxy.google.com
  Uber and Lyft were forced to raise prices in New York this year after the city imposed a minimum-wage rule for ride-hailing-service drivers.
  Total rides fell in the five boroughs, new data shows, but an analyst says the drop isn't as bad as some had feared.
  Visit Business Insider's homepage for more stories.People are taking fewer Uber and Lyft rides in New York City, the United States' most lucrative and important market for ride-hailing, but an analyst says the drop isn't as bad as some had fe
  
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• Here's why the Fed may be nervous about the US economy

  16-07-2019 16:57 via feedproxy.google.com
  With the US economy booming amid a record stock market high and relatively good employment levels, people have been asking why the Federal Reserve seems sure to cut interest rates.
  Shipments have fallen for a seventh straight month, however, a sign the trade war with China is hammering trade.
  The Fed may be watching the freight data.View Markets Insider for more stories.
  The US stock market is hovering near record highs, and unemployment is at a healthy 3.7%, yet the Federal Reserve looks set to
  
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• Citi's revved-up credit-card business helped it beat earnings — and it may be pivotal in proving Wall Street doubters wrong

  16-07-2019 16:47 via feedproxy.google.com
  Citigroup beat earnings expectations for the second quarter, thanks largely to a standout performance from its credit-card business.
  Revenue in the North American branded-cards business rose 7% to $2.2 billion in the quarter.
  It was a stark reversal for Citi's credit-card business, which struggled in 2018 and missed growth targets.
  Credit cards could be key to helping Citi defy Wall Street expectations and hit return targets for 2019 and beyond.
  Click here for more BI Prime stories.Citigroup kic
  
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• Wells Fargo is already feeling the heat from lower interest rates as results disappoint (WFC)

  16-07-2019 16:43 via feedproxy.google.com
  Wells Fargo beat Wall Street's estimates for revenue and profits in the second quarter.
  But the bank failed to top even the lowest expectation for net interest income, suggesting that it's grappling with the impact of lower rates earlier than expected.
  Wells Fargo blamed "higher deposit costs and the lower interest rate environment" for the missed beat.
  Watch Wells Fargo trade live here.
  Wells Fargo posted second-quarter results Tuesday morning, reporting earnings per share of $1.17, narrowly be
  
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• Domino's Pizza sinks on the latest sign the food-delivery wars are hurting sales (DPZ)

  16-07-2019 16:05 via feedproxy.google.com
  Shares of Domino's Pizza fell by as much as 7% after the pizza chain reported worse-than-expected US same-store sales. 
  Sales from company-owned in the US stores grew by 2.1% while franchise locations saw revenue increase by 3.1%.
  Second-quarter sales missed expectations, but earnings per share and net income beat. 
  Watch Domino's Pizza trade live.
  Domino's Pizza is feeling the pressure from food-delivery startups eating away at its business. 
  The pizza giant reported second-quart
  
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• Adventure TV may prove a tipping point for data harvesting

  16-07-2019 02:00 via warc.com
  Interactive ‘adventure TV’ formats like Netflix’s Black Mirror: Bandersnatch may herald the arrival of a new advertising experience, argues Rachel Hatton, Chief Strategy Officer at OLIVER.
  
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• TikTok faces fresh calls for ban in India

  16-07-2019 01:38 via warc.com
  TikTok, the viral video-sharing app owned by Chinese company ByteDance, is facing a fresh wave of calls for its services to be banned in India.The
  
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• 'Significant room to improve' consumer experience in Southeast Asia

  16-07-2019 01:38 via warc.com
  There is “significant room” for brands to improve the consumer experience across Southeast Asia, particularly in the area of addressing needs, in the form of both current support and future expectations.The latest Adobe Experience...
  
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• Make social norms messaging more powerful

  16-07-2019 01:38 via warc.com
  In recent years, governments and businesses have made effective use of social norms to persuade people to behave in acertain way, but messaging can become even more powerful with a deeper contextual understanding.Writing for WARC, Crawford...
  
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• Kantar plans investment under new owner

  16-07-2019 01:38 via warc.com
  Market research business Kantar is set to flex its newfound spending power under Bain Capital’s ownership to invest in people and technology as well making its own acquisitions within the sector.Last week, holding group WPP sold a 60% stake...
  
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• HP's online video success story

  16-07-2019 01:38 via warc.com
  HP, the technology giant, has driven sales of its secure printers through the smart use of customer insights and leveraging the power of online video with a narrative content initiative entitled “The Wolf: True Alpha”.Shuchi Sarkar,...
  
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• Are CMOs being rebranded or released?

  16-07-2019 01:38 via warc.com
  Seventy percent of Fortune 500 companies have a chief marketing officer, but the proportion is falling as businesses rethink the role, either scrapping it altogether or folding it into a new job title with a wider remit.Last month, for example,...
  
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