WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Commerce Department releases retail sales data for November, 8:30 a.m.. WASHINGTON _ Commerce Department releases business inventories for October, 10 a.m..» Read More
CBS CEO Les Moonves, wanting to dispel concerns that an economic slowdown would hurt ad sales, said that CBS ad sales are up 30% in the current scatter market, at Merrill Lynch's Media conference.
"I have a stroller for my cat," the attractive young woman said with a Cheshire grin. "How much did it cost?" I asked. "Oh, about $140, but I don't care," she answered. That's exactly what the 8,000 people at the SuperZoo 2007 trade show in Las Vegas are counting on. It's a 41 billion dollar business and growing by double digits, all things to do with pets. From food (some of which is alive) to organic leashes and collars.
Free is the big trend these days when it comes to TV and newspaper content on the web. Television networks and newspapers are adopting free, ad-supported models online. They're ditching pay-per-episode and subscription services to go after a bigger audience and higher profits. The new approach? More, more targeted ads.
Nestle's Chief Executive designate Paul Bulcke stressed on Friday he will stick to the world's largest food company's current strategy, targeting annual underlying sales growth of 5% to 6%.
Nike said first-quarter earnings per share jumped 51% to $1.12, versus 74 cents in the year-ago quarter, beating Wall Street estimates.
The Grinch is not stealing Christmas, but the outlook this holiday season is less jolly than last year. In fact, the 2007 holiday sales season is expected to represent the slowest holiday sales growth in five years, according to the National Retail Federation.
I'm really loving the fact that Dale Jr. will be driving the No. 88 car next year with Amp on his hood instead of Mountain Dew. When it was first rumored that "Little E" would shed Budweiser for Mountain Dew, I wasn't that excited. Why? Because Mountain Dew is already the fourth largest soda brand in the US, behind Coke, Pepsi and Diet Coke. If Earnhardt had Mountain Dew on his hood, we'd never know if he did anything for them. Like Budweiser, the brand was just too big before he arrived.
I'm clearly not normal. At least,that's what I understand when I hear that flat panel TVs, GPS systems, computers and video games are at the top of gift request lists again this year. I only bought a new iPod when my old one died (Apple customer service leaves a lot to be desired) and I couldn't begin to tell you any details about my TV, other than it fits my entertainment center nicely...
Yahoo's take at Internet 2.0. Since Jerry Yang took the helm at Yahoo again, the Internet company's been trying to get back on track. And that means not just getting its ad strategy sorted out, but also starting to compete more with some of the more innovative Internet 2.0 companies, which of course means Facebook and social networking.
The company said it had been able to pass on higher product costs to customers, which helped lift gross margin to 23.94% from 23.47%.
British department stores group Debenhams reported a 5% drop in like-for-like sales for the year to Sept. 1, but said underlying pretax profit was expected to be in line with marketexpectations.
Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.
Retailers will likely hire fewer workers for this holiday season than they have since 2001 as many worry that consumers will spend less on holiday shopping, an outplacement firm said Monday.
What do talking pens, seven out-of-staters, and Basque cuisine all have in common? Boise and the Boise State University Broncos. It has been 9 months and a few days since Boise State rocked the college football world with its unexpected victory in the Fiesta Bowl over Oklahoma outside Phoenix.
U.S. stock futures are pointing lower this morning as new credit worries in Europe drag down banking shares there and wipe out yesterday's euphoria in the financial sector.
Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and recorded the biggest decline in almost a year when car sales are excluded. Meanwhile, consumer sentiment was steady in early September.
Macy's CEO Terry Lundgren told me that thinks that holiday sales will be 'great' this year. Back-to-school went well, he says, and he expects customers to be hungry for new clothes and fashion by the time the Spring runway looks (showing now) make it to the racks.
I have never gotten up and just walked out on a fashion show. On Tuesday, I RAN out of the Calvin Klein collection even before the runway show began. But it had nothing to do with the clothes. No joke--the line for the Calvin Klein runway show was two blocks long..
Retailer Toys "R" Us said Wednesday that it is expanding its efforts to inform shoppers of the latest toy recalls after a slew of Chinese-made toys were recalled this summer due to unsafe levels of lead paint.
I've often remarked that retailers and financials are trading like a recession is already on, but industrials, techs and materials are trading like the global economy may be slowing slightly but is still holding up...who's right? The odd thing is that both may have it right.