Holiday 2007 hasn't even happened yet but buyers and retailers are beginning to stock the shelves and clothing racks for 2008. With that in mind, I put together a list of some of the biggest questions that the retail industry is mulling over right now that will affect 2008.
Hollywood is a funny business. But no one's laughing right now. Nominees for the Golden Globes have been announced, but the Hollywood Foreign Press Association--the group behind the Globes--has yet to get a waiver from the Writers Guild of America to let writers write the awards broadcast January 13th.
It's that time of year again. That time of year to tell you what's going to happen next year in the sports business.
We're well into week six of the Writers' Guild strike, and I can say from first hand experience that it's creating quite a weird holiday season here in Hollywood. You can't buy a latte in Beverly Hills without a barista complaining about the fact that the picketing is dragging on.
The assignment is to come up with some predictions for 2008. A prediction according to Webster's is "to say in advance. To Foretell." You know, like a fortune teller. Here's what I can tell you about your fortune. You won't have it long if you rely on predictions. That said, here are a few guesses as to what might happen next year.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
Registries are weird--you tell people what you'd like and then they buy it for you. But what about the surprise and excitement of opening a totally unexpected gift? Well that also comes with the hassle of returns or the reality of stacking up a pile of itchy sweaters you'll never wear again.
I wonder if I'll be able to get into my garage when I get back from this trip to Michigan and Ohio? Sure I will. After all it is 2007 right? How long can it take to get a garage door part? "They say it's going to take two weeks." It's my lovely wife on the phone. " I asked them why and the woman didn't know. They say the part has to come from Ohio."
Want to know how the music industry is going to make money in this piracy-heavy digital distribution age? Take a look at Led Zeppelin. Last night its long-awaited concert in London got such hugely rave reviews, people are begging and pleading for the band to go on a worldwide tour.
A human cock fight or a real-time display of martial art prowess? However you choose to describe it, the fact remains that the Ultimate Fighting Championship is a money maker.
When everything happened with Michael Vick--who of course got sentenced to 23 months in jail yesterday--many of the critics said the Falcons would take a big financial hit from this. But the honest truth is the Falcons are doing just fine.
Here's an interesting move: take a large SUV that struggles to get great mileage and export it to a market known more for compact cars. That's what GM is doing with its HUMMER brand and its expansion into Japan. I'm not sure this makes sense.
Want further proof we're in a global auto market where the countries outside the U.S. are playing a bigger role? Consider this: there are reports that Europe is on the cusp of passing up the U.S. as #1 in the world for sales. Think about that for a second.
You might remember her name: Allison Stokke was a high school pole vaulter who turned into an internet sensation because of her good looks. But, after a Washington Post article that chronicled her apparently unwanted rise , the hits slowed down for Stokke. After the article, the unofficial Allison Stokke Web page even shut down for good.
Lenny Dykstra, baseball player turned financial analyst, is now adding another title to his resume: Publisher. He's coming out with a magazine called The Players Club in conjunction with Doubledown Media, publisher of Trader Monthly.
Everyone's been talking about how DVDs are dying, and that nobody's buying the archaic discs. But guess what, you'll probably get a whole bunch as gifts this year. There were more DVDs sold this Thanksgiving than any previous year, up 6 percent from the same weekend in 2007. Now, it's important to point out, that at the same time, the overall retail revenues from DVDs has fallen thanks to the big box retailers' deep discounting.
Green Bay Packers quarterback Brett Favre has won up SI's "Sportsman of the Year" award. It's hard to argue with Favre's resurgence. As the ironman prepares to play his remarkable 250th straight game this weekend, his team is a surprising 10-2. And while Favre has always been a top 10 jersey seller--which means more because the Packers jersey has never changed--it's interesting to consider that he's not really that relevant in the marketing world.
Heidi, Alessandra, Karolina...at least three women who generate blog responses almost as much as Wal-Mart's CEO Lee Scott. The other time I remember receiving a flood of heated responses like these were in regard to Wal-Mart's claims that it helps lower consumer prices across the country.
It was a crazy weekend in college football. We know that No. 1 Missouri and No. 2 West Virginia went down and out of all the teams that will travel to their bowl games, LSU has Les Miles than anyone else (OK, it would have been better if his name was Fewer Miles.) So who were the financial winners? Here's the best list I could compile.
I heard it again Saturday night. I was talking to a friend at a party and he said, "I want a car I'm gonna like...I mean really like." I chuckled and told him, "Join the club." After giving him some suggestions I told him about the latest survey from Consumer Reports on the models with the most satisfied owners.