Sales & Marketing news

• 'Countries will only want control': Apple co-founder Steve Wozniak warns governments will stifle crypto growth through heavy regulation

  09-10-2019 23:46 via feedproxy.google.com
  Apple co-founder Steve Wozniak is concerned how global governments will regulate cryptocurrencies going forward. 
  While speaking at the Nordic Business Forum in Helsinki on Wednesday, Wozniak said he's "very much afraid" countries will "only want control" as cryptocurrencies spread, according to Bloomberg. 
  The comments come as advocates are battling to legitimize cryptocurrencies and government are trying to determine how to regulate them. 
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• Bed Bath & Beyond surges more than 20% after naming former Target executive as CEO (BBBY)

  09-10-2019 23:11 via feedproxy.google.com
  Bed Bath & Beyond announced on Wednesday that Target's chief merchant, Mark Tritton, would be its new CEO.
  Shares gained more than 20% in after-hours trading on the news.
  Tritton brings 30 years of retail experience.
  Watch Bed Bath & Beyond trade live on Markets Insider.
  Investors look to be thrilled with Bed Bath & Beyond's pick for CEO.
  Shares of Bed Bath & Beyond soared more than 20% in after-hours trading Wednesday after the company announced that Mark Tritton would be its CE
  
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• Bed Bath & Beyond has a new CEO 5 months after activist investors released a brutal presentation slamming the company's leadership

  09-10-2019 23:05 via feedproxy.google.com
  Bed Bath & Beyond announced that Mark Tritton, chief merchandising officer of Target, will be the new CEO of the company, following a five-month search for a new leader. 
  Former CEO Steven Temares stepped down in May after a group of investors shared a brutal 168-slide presentation urging him and the board of directors to vacate in order to usher in a new era for the company.  
  The announcement comes after Bed Bath & Beyond posted another quarter of poor sales performance
  
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• These are the 5 companies Bank of America just added to its quarterly list of top climate-change stock picks (NOVA, AIN, CWEN, SNPS, TXN)

  09-10-2019 22:34 via feedproxy.google.com
  Bank of America Merrill Lynch added five companies to its list of "primer picks" companies in the climate change space.
  Sunnova Energy and Albany International are first-time entries for the climate change segment, while the other three had graced the list before.
  A company must be rated "buy" by the bank and have "high or medium exposure" to the climate change theme to be included as a primer pick, the note said.
  Visit the Business Insider homepage for more stories.
  Bank of America Merrill Lync
  
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• Fed officials are worried Trump’s trade war will disrupt the strongest parts of the US economy, minutes show

  09-10-2019 21:52 via feedproxy.google.com
  Federal Reserve officials have grown increasingly concerned that ongoing trade tensions with China could begin to weigh on some of the brightest spots in the US economy.
  They said uncertainty from tariffs could begin to ripple through to hiring and consumer spending, meeting minutes out Wednesday afternoon showed. 
  The FOMC has become divided over policy since it lowered interest rates to a target range of 1.75% to 2% last month.
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  Federal R
  
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• The rise of voice-enabled commerce in ubiquitous retail

  09-10-2019 20:58 via retailpro.com
      Shopping is an increasingly “invisible” activity, embedding itself seamlessly into new digital and physical channels, using ever-more natural gestures and simple conversations.  Gesture recognition helps retailers gauge shoppers’ real interest  For example, a mom goes for an afternoon …
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• We just got the latest sign that Saudi Aramco's record-shattering IPO will soon be a reality

  09-10-2019 20:45 via feedproxy.google.com
  Saudi Aramco is moving forward with its plans for an IPO after drone attacks crippled its oil production, and new details suggest some shares will be offered before 2020.
  The state-owned oil company plans to sell 1% to 2% of its shares on Saudi Arabia's domestic exchange as soon as November, the Wall Street Journal reported Tuesday. A prospectus will be published in late October, sources said.
  Aramco's oil production should be fully recovered by the end of November, the company's CEO told CNBC W
  
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• AT&T plans to sell its Puerto Rico business for almost $2 billion amid pressure from activist hedge fund Elliott Management (T)

  09-10-2019 20:28 via feedproxy.google.com
  AT&T announced on Wednesday it plans to sell its Puerto Rico and US Virgin Islands business to Liberty Latin America for almost $2 billion. 
  The sale is part of an ongoing effort by AT&T  to sell-off non-core assets, which activist hedge fund Elliott Management expressed support for when it announced a $3.2 billion stake in the company last month. 
  The telecommunications provider said the proceeds will help reduce its debt pile and pave the way for more share buybacks.&nbs
  
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• 3 Ways to reinforce your brand’s authenticity

  09-10-2019 20:26 via retailpro.com
      Authentic brands project sincerity and approachability, and their stories resonate with customers. Customers enjoy supporting businesses that have compelling histories, remain true to their roots and have a relatable brand message. Shoppers buy more from authentic brands Communications …
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• Brick and mortar’s latest AI experiment: Smart shopping carts

  09-10-2019 20:15 via retailpro.com
      Today, traditional retailers are competing not only against each other but also against e-commerce — as well as online companies that are opening brick and mortar outposts. Compounding the pressure is the breakneck pace of technological change. Customers …
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• A group of small tech stocks is quietly dominating the FANGs after lagging behind for years. Here's why a Wall Street expert is convinced its gains are just getting started.

  09-10-2019 20:06 via feedproxy.google.com
  A group of small under-the-radar tech stocks has been outperforming their larger counterparts since June, according to Jim Paulsen, the chief investment strategist of The Leuthold Group.
  He recommends that investors tilt their portfolios toward this cohort instead of the larger FANGs, which face a slew of risks, including increased regulation.
  A combination of valuation, volatility, and performance factors puts these stocks in a more favorable position, he said.   
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• One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

  09-10-2019 20:02 via feedproxy.google.com
  Americans shelled out tens of billions of dollars in tariffs over the past year and a half.
  Businesses and consumers in the US have paid an additional $34 billion in tariffs from the start of the trade war in February 2018 through August 2019, according to one analysis.
  Tariff collections are expected to increase in the coming months as the Trump administration pressures China to change trade practices seen as unfair.
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  As President Donald Trump
  
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• Goldman Sachs had 500 teams of employees pitch startup ideas — then picked the 5 best to fund

  09-10-2019 19:34 via feedproxy.google.com
  In March, 500 teams of Goldman Sachs employees pitched the bank their startup ideas, according to CNBC.
  The GS Accelerate program selected five winners in October to be funded by the firm. Those select teams get two years away from their previous responsibilities to build out their businesses.
  The program keeps innovation all in the Goldman Sachs family. 
  Read more on Markets Insider.
  Goldman Sachs is trying to keep innovation in the family. 
  In March, 500 teams of employees had the op
  
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• JPMorgan slashes Disney's earnings forecast ahead of streaming-service rollout — and warns further cuts may come (DIS)

  09-10-2019 19:15 via feedproxy.google.com
  JPMorgan slashed its earnings forecast for Disney and warned that further cuts could come in the future. 
  The firm lowered its fourth-quarter earnings-per-share estimate to $0.95 from $1.05, citing increased spending ahead of Disney's streaming launch and the costly integration of Fox assets. 
  The revision comes as Disney is preparing to release its direct-to-consumer streaming service on November 12. 
  Watch Disney trade live.
  JPMorgan slashed its earnings forecast for Disney and
  
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• IPO angst is gripping techies

  09-10-2019 18:31 via feedproxy.google.com
  Hello,
  Welcome to this week's edition of Trending, the weekly newsletter highlighting the best of BI Prime's tech coverage. I'm Alexei Oreskovic, Business Insider's West Coast Bureau Chief and Global Tech Editor. 
  As always, I'm eager for your feedback, thoughts, and tips — you can email me at [email protected]. And if you like this newsletter, please tell your friends and colleagues they sign up here to receive it.
  This week: A season of change in Silicon Valley
  All is
  
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• The cornerstone of the US economy is raising some serious red flags, UBS says

  09-10-2019 18:17 via feedproxy.google.com
  US consumer household finances are showing signs of trouble, according to a report by UBS.
  The report also showed that lower income consumers are being hit the hardest. 
  US household spending accounts for 70% of gross domestic product and is a major driver of the economy. If it slows, it could spell trouble ahead. 
  While UBS's consumer health indicator doesn't show an alarming reading, analysts say to watch sentiment for further signs of distress. 
  Read more on Business Insider.
  U
  
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• China is reportedly open to a partial trade deal with the US — but only if Trump scales back planned tariffs

  09-10-2019 17:45 via feedproxy.google.com
  China appeared to ease its tone toward the US ahead of high-stakes trade talks set for the end of the week.
  Bloomberg reported early Wednesday that China would still be open to a limited trade deal if President Donald Trump were to back down from the scheduled tariff escalations he's announced in recent months.
  Trump would be unlikely to accept a long-term deal without Chinese concessions on structural issues, a White House official told Business Insider.
  Visit Business Insider's homepage for mo
  
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• Apple is reportedly only months away from launching an iPhone accessory you wear on your head (AAPL)

  09-10-2019 17:28 via feedproxy.google.com
  Analyst Ming-Chi Kuo reported that Apple is readying an AR headset, echoing his March prediction.
  Kuo has provided accurate reports on upcoming Apple developments before, including its Retina Display and Touch ID technology.
  Kuo says that Apple's plans remain "murky," but he now predicts the product will likely launch in the second quarter of 2020.
  Visit Business Insider's homepage for more stories.Apple is months away from launching an AR accessory for iPhones, according to a new report by anal
  
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• Fitbit will move manufacturing outside of China to avoid US tariffs (FIT)

  09-10-2019 17:15 via feedproxy.google.com
  Fitbit announced on Wednesday that its in the process of moving all of the company's manufacturing operations out of China amid the ongoing threat of US tariffs. 
  The company said it started looking for other locations to manufacture its trackers and smartwatches after the US-China trade war began in 2018.
  According to Fitbit's statement, the company will provide more details on the financial impact of the transition during its third-quarter earnings call. 
  Shares of Fitbit tumbled as
  
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• Gilbert stands out in Rugby World Cup ad showdown

  09-10-2019 16:21
  Like a plucky local team that wins international gold in a sports movie, the ad that has most resonated with viewers during the Rugby World Cup is a nostalgia-rich spot for ball manufacturer Gilbert.
  The brand may not be widely known, but it has managed to make the most of its close association with rugby to score with viewers. Ratings from market research agency System1, exclusive to Marketing Week, show Gilbert’s ad outperforming those from brands such as ITV, Land Rover, O2 and Guinnes
  
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• BT returns to the high street as it overhauls brand that ‘stands for nothing’

  09-10-2019 16:09
  BT is returning to the British high street for the first time in 25 years as part of plans to overhaul perceptions of the brand through a focus on new products and improved customer service, as well as a new brand purpose and identity.
  The telecoms giant plans to transform EE stores with BT co-branding and introduce help desks and services across its broadband and mobile ranges. The aim is to offer local access to experts that can help consumers and small business customers with issues ranging f
  
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• Marketing That Matters: The inside story of the Army’s ‘Belonging’ recruitment campaign

  09-10-2019 14:11
  We continue our new podcast series by looking into the British Army’s recruitment campaign ‘This is Belonging’. Launched in 2017, the campaign, which showed the camaraderie of army life, had a simple objective – widen the recruitment pool by moving the message away from guns and tanks to images of more human experiences.
  Even if it drew scepticism from the media for its emotional tone, it was an instant success, propelling applications to record levels and winning a numb
  
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• Marketing That Matters: The inside story of the Army’s award-winning recruitment campaign

  09-10-2019 14:11
  We continue our new podcast series by looking into the British Army’s recruitment campaign ‘This is Belonging’. Launched in 2017, the campaign, which showed the camaraderie of army life, had a simple objective – widen the recruitment pool by moving the message away from guns and tanks to images of more human experiences.
  Even if it drew scepticism from the media for its emotional tone, it was an instant success, propelling applications to record levels and winning a numb
  
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• Marketing That Matters: The inside story of the Army’s award-winning ‘Belonging’ recruitment campaign

  09-10-2019 14:11
  We continue our new podcast series by looking into the British Army’s recruitment campaign ‘This is Belonging’. Launched in 2017, the campaign, which showed the camaraderie of army life, had a simple objective – widen the recruitment pool by moving the message away from guns and tanks to images of more human experiences.
  Even if it drew scepticism from the media for its emotional tone, it was an instant success, propelling applications to record levels and winning a numb
  
  Read more

• Just 10% of brands in the UK excel at customer experience

  09-10-2019 08:20
  Only 10% of brands in the UK have a net promoter score (NPS) of 40 or more, with logistics, energy and water emerging as the worse sectors for delivering on customer satisfaction.
  Insurer NFU Mutual (70) is the company with the highest NPS in the UK, according to Bain & Company’s first UK Consumer Study shared exclusively with Marketing Week. This is followed by First Direct (63), Volvo (49), Netflix (49) and Amazon (44).
  By industry, the tech sector has the strongest overall NPS (36),
  
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• 4 questions I wish I’d asked as a junior marketer: Britvic’s Matt Barwell

  09-10-2019 08:00
  Britvic CMO Matt BarwellIt is rare to come across someone who is transparent about their career, from their humble beginnings to heading up marketing at one of the largest drinks manufacturers in the world. But Britvic CMO Matt Barwell is a breath of fresh air.
  Barwell has spent his entire career in food and drink, working at Mars and Diageo before joining Britvic in 2014. He admits his career hasn’t been totally smooth sailing, though, but is the first to own his mistakes as they have hel
  
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• Walmart’s Vudu seeks to stand out from streaming pack

  09-10-2019 02:00
  Vudu, the online streaming platform owned by Walmart, is carving out a distinct proposition based on appealing to families in the American heartlands as it seeks to stand out from the competition.
  
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• The three brand challenges faced by marketing leaders

  09-10-2019 02:00
  Most senior marketers believe brand is crucial in driving buyer behaviour for prospects and a critical driver, too, for existing customers, a new survey shows.
  
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• Tata Motors’ fishbone marketing model

  09-10-2019 02:00
  Tata Motors has reacted to the rapidly changing media landscape in India by moving from a traditional linear media model – of creating awareness, educating and inspiring – to a “fishbone” model, where the brand is ever-present in digital...
  
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• Readly and Apple do battle in Spotify model of publishing

  09-10-2019 02:00
  Sweden’s Readly is ready to do battle with Apple as the US giant prepares to step into its territory, its chief executive says.
  
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• Readily and Apple do battle in Spotify model of publishing

  09-10-2019 02:00
  Sweden’s Readily is ready to do battle with Apple as the US giant prepares to step into its territory, its chief executive says.
  
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• Live cops show strikes gold for A&E

  09-10-2019 02:00
  As networks around the US continue to watch ratings fall, it seems A&E is bucking the trend – mostly thanks to one reality show hit.
  
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• Digital experience is everything in banking

  09-10-2019 02:00
  Growth in financial services is now digital experience-led and legacy players urgently need to both build and communicate a superior digital experience, according to research from Publicis Sapient.
  
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• APAC consumers keen on environmentally responsible brands

  09-10-2019 02:00
  Customers in APAC are becoming increasingly environmentally conscious, with growing expectations that the brands catering to them are environmentally responsible, from sourcing to packaging, according to a new study.
  
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• ANA's Liodice champions growth agenda

  09-10-2019 02:00
  Marketers need to double down on the growth agenda within their organisations and across the industry as a whole, according to Bob Liodice, CEO of the Association of National Advertisers (ANA).
  
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