Posted by Dale Buss on September 18, 2013 03:51 PM
New Tim Hortons CEO Marc Caira may not have figured out how to sell enough Canadian-developed coffee in the United States yet. But he sure knows how to peddle interest in what Canada's brightest native star of the QSR industry might end up doing.
In multiple interviews and an analysts' meeting this month, Caira—a former Nestle SA executive who came out of retirement in July to run Tim Hortons—has made a few things clear: Growth in Canada depends on more variety in new outlets and better execution everywhere; dinner is an appealing day part; and Tim Hortons must, must, must succeed in the US market despite investor unrest at the brand's poor performance south of the border so far.
Somewhat curiously, Caira discounted the importance of typical pillars in improving Tim Hortons' performance. "Future battles are not going to be won, in my view, with who has the best strategy or who has the best innovation," he said, according to The Canadian Press.Continue reading...
Posted by Dale Buss on September 18, 2013 09:21 AM
Starbucks is making China its No. 2 market and declares guns as unwelcome but doesn’t ban them.
YouTube says you'll be able to watch videos offline soon.
Unilever and Nestle rank as biggest improvers in Oxfam sustainability report.
AT&T and America Movil move to expand in Latin America together.
Adobe is boosted by cloud sales.
Apple sees brands bet big that it will be able to scale iTunes Radio rapidly as it releases iOS 7 today.
Audi plans to revive auto production in Brazil.
BMW begins i3 production.
Cracker Barrel sees activist investor Biglari press for a special dividend.
Fiat presses forward with efforts to acquire Chrysler stake from UAW and plans to produce more Fiat-brand models.Continue reading...
Posted by Dale Buss on August 2, 2013 01:56 PM
Among the Canadian concepts that haven't translated easily to the US are native Ryan Reynolds (with two box-office flops this summer) and peameal (Americans insist on calling it Canadian bacon). Could Tim Hortons be threatening to add another unfortunate border crossing to that list?
After spending $664 million and a decade building more than 800 stores in Flyover Country in the US, Tim Hortons' esteemed coffee and tasty pastries haven't made a dent in the business of its targeted rival, Starbucks. The Oakville, Ont.-based brand had hoped to score heavily with a formula that makes it a national treasure in Canada, and was familiar to many Americans who traveled north, but Horton's has notched only a 2.7 percent share of the US quick-service business, according to restaurant-consulting firm Technomic.
And more shareholders are getting restive. "The company's consistent and long-standing underperformance should long ago have been a wake-up to Tim Hortons' board and management," New York-based shareholder Scout Capital Management said in a letter to the company last month, according to Bloomberg. "We urge you to curtail the use of the company's cash flow to fund real estate or new-store capex in the US."Continue reading...
Posted by Dale Buss on May 8, 2013 09:15 AM
SAP moves into cloud computing as brand projects $10B boost from banking software.
Coca-Cola plans to invest $2 billion in Florida orange groves.
Disney second quarter soars 32% on theme parks, ESPN ad sales as company withdraws trademark application for Dia de los Muertos.
Alibaba IPO anticipation grows on revenue surge.
American Airlines launches Klout-based promo.
AOL profits boosted by advertising.
AT&T presses case in lower bandwidth spectrum case.
Bitcoin startups begin to attract real cash.
Burger King makes bold move with delivery expansion.Continue reading...
Posted by Dale Buss on November 12, 2012 09:01 AM
Apple and HTC settle patent dispute.
BBC needs radical overhaul, chairman says, as two more senior execs step down.
Hyundai and Kia cope with damage they've done to their main selling point: mileage.
AEG and StubHub align.
Alltel returns with holiday pitch to Santa.
Brinks says it isn't for sale right now.
Cisco rolls out aggressive new strategy for dealing with patent trolls.Continue reading...
chew on this
Posted by Mark J. Miller on October 16, 2012 03:09 PM
Dunkin’ Donuts thinks it can have a winner with the bagel centers, just as it did when it turned doughnuts on their glazed heads and created Munchkins, sparking a doughnut hole war in the U.S. with Canada's Timbit-flinging Tim Hortons chain. As spotted by the Boston Globe, the people that brought you America Runs on Dunkin' filed for a “Bagel Bunchkin” trademark back in May and plans to use it to sell bite-size bagel pieces in the U.S.
The chain already has a pretty good lock on bagel sales, as the biggest seller of bagels among quick service restaurants in the U.S. Two years ago, it launched Bagel Twists, but is now looking to expand its bagel offerings. However, it may not be able to move forward with their desired name.
The US Patent and Trademark Office “tentatively rejected the Dunkin’ application, noting that the Fred Meyer Stores supermarket chain already registered the rights to the name ‘The Bagel Bunch’ for its traditional bagel line,” the Globe notes. Dunkin’ Donuts is nearing the end of the time window to appeal.Continue reading...
Posted by Dale Buss on August 10, 2012 09:03 AM
Coursera roars into BRIC countries with online classes.
ESPN introduces campaign that focuses on value of Monday Night Football.
Facebook HQ gets a Main Street.
Goldman Sachs escapes U.S. charges in mortgage crisis.
Ikea values its brand at $11 billion.
JCPenney reports loss, raising more questions about strategy.
JPMorgan Chase outlines damages from "London Whale" trading blunder.Continue reading...
Posted by Dale Buss on May 11, 2012 09:01 AM
Amazon plans to lend Harry Potter e-books.
Apple will help upgrade Foxconn factories in China.
AT&T sees regulatory logjam delay deals in wireless.
Betsey Johnson confirms plans to liquidate.
CBS sues ABC alleging new reality series rips off Big Brother.
Chuck E. Cheese plans to test gluten-free products.
Coca-Cola finds its Hellenic unit hit by perfect political and economic storm.Continue reading...