social media watch
Posted by Sheila Shayon on March 16, 2011 06:00 PM
Foursquare CEO Dennis Crowley told CNN in an interview at South by Southwest that he's focused on growing his business, which hit the 2.6 million check-ins this past weekend thanks to frenetic checking-in at SXSW. More than half of those check-ins took place outside the US.
Having just launched Foursquare 3.0, he also told Mashable founder Pete Cashmore in another SXSW Q&A (above) that the plan is to evolve the check-in to more than just a social game, collecting badges and becoming mayor of _____.
Crowley aims to translate that check-in data to better connect users with their passions and dreams, to make cities easier to use, and generally keep things "interesting and fun" for its users.Continue reading...
Posted by Dale Buss on March 16, 2011 09:00 AM
As Japan crisis continues and Tokyo Electric Power raises concerns, GE's $1 billion nuclear business is at risk as US ponders future of nuclear energy. The estimated hit to Japan's economy (so far): $200 billion.
AOL is repositioning to attract more women.
Chicago tests 911 cellphone pictures and video.
Daimler weighs paying higher dividends.
Facebook patents curated search.
Guinness to roll out soccer-themed game show in Africa.Continue reading...
Posted by Shirley Brady on March 15, 2011 05:00 PM
Gap is testing a Priceline-like coupon promotion on its Facebook page and on its Twitter feed. Through tomorrow, customers can name how much they want to pay on men's khaki pants, although it's not exactly a pay-what-you-want offer.
The brand's Facebookers and Twitter followers are directed to gapmyprice.com, where they can enter the price they want to pay ($35 is the acceptable bid we got after submitting a half-price offer on a $49.50 pair of men's chinos) and then print a coupon if they accept the "best offer" price that Gap is wiling to accept. The coupon can only be redeemed in-store.
It's a variation on a Facebook promotion that Gap has been running periodically, where it will announce a limited-time sale — but adds a group-deal/game element that makes it fun to see what bid is accepted.
Posted by Barry Silverstein on March 10, 2011 11:30 AM
Predictions in late 2010 were that luxury brands would see a rebound in 2011. Hallelujah, the forecasters were right.
Current estimates indicate that sales of luxury goods are up as much as 12% from last year, according to retail equity research firm Telsey Advisory Group. That could be one reason the French luxury brand conglomerate LVMH just snapped up Bulgari and has its sights set on Hermes.
"People are willing to pay a premium on something that delivers on luxury," said Milton Pedraza, CEO of the Luxury Institute, to CNN Money. "They will buy fewer but more expensive things. There's a lot more value consciousness."
In fact, it's that value consciousness that seems to be having a weird effect on retailers. Consumers are more likely to buy luxury items at the high end as a special treat, but they also seek out designer brand names in value stores. Interestingly, that means mid-range retailers like JC Penney and Macy's may have a harder time making sales.Continue reading...
Posted by Shirley Brady on March 9, 2011 05:15 PM
Conde Nast's Glamour and Gap have teamed up for Glamour Girls, an original web series exclusively available on the magazine's iPad app. As Gap notes on its blog, there are four ten-minute episodes, each featuring a different Glamour staffer running about the office and New York — dressed, of course, in Gap's spring collection.
Posted by Dale Buss on March 7, 2011 09:00 AM
Apple frustrates rivals who are trying to beat iPad’s price.
BBC announces agencies for branding and creative duties.
Disney's ABC Family channel spins gold in dramas.
Baby Gaga makers face possible legal action by Lady Gaga over breast-milk ice cream.
Bank of America looks forward to “normal” performance.
Barclays CEO gets huge bonus.
CBS hopes to conclude Charlie Sheen saga as Mark Cuban approaches him for HDNet project.Continue reading...
Posted by Dale Buss on March 1, 2011 09:00 AM
ABC's Oscars TV ratings on Sunday dropped 10% from a year ago.
Berkshire Hathaway adds to possible successors to Warren Buffett.
Carlyle Group buys Japanese auto-parts firm.
Charlie Sheen circus continues with part 2 of Today Show interview.
CNN is taking Piers Morgan on a roller-coaster ride.
Dior loses as Natalie Portman severs ties with brand following anti-Semitic remarks by John Galliano.Continue reading...
Posted by Abe Sauer on February 22, 2011 02:15 PM
JCPenney has thrown in with all the other brands suffering sluggish performance in the belief that a logo change will make a difference.
Penney's new logo moves around some red furniture, drops to lowercase and presto!: "Our new logo reflects the modern retailer we've become while continuing to honor our rich legacy."
Maybe due to the punches in the guts lately from some truly questionable logo redesigns, JCPenney's move doesn't look all that disagreeable. But then, that might be the Gap logo hangover talking. But this is no small logo change, even if it looks like it was made using the Gap logo-maker. JCPenney is remaking itself into "jcpenney."Continue reading...