Posted by Abe Sauer on November 11, 2013 07:22 PM
Bigger than Cyber Monday (which notched up US $1.46 billion in sales last November) and bigger than China's National Day "Golden Week," China's Singles Day ("光棍节") also known as "1111" as it falls on 11/11, has become the the biggest online shopping day of the year—worldwide. This year's event was expected to break all previous records, and that it swiftly did.
In the first twenty minutes of the day's online sales going live, China's dominant commerce site, Taobao, recorded US$500 million in sales. By 10:00 am, Taobao had crossed US$2.46 billion in sales. By 1:00 pm, the sales frenzy passed last year's tally. By the end of the day, owner Alibaba (China's equivalent of Amazon) crowed that its Taobao and Tmall online shopping hubs recorded 35 billion yuan or RMB, or a whopping US$5.75 billion.
Not bad for a holiday that didn't even exist 25 years ago.Continue reading...
Posted by Sheila Shayon on October 23, 2013 07:17 PM
More than half of the 620 Bangladesh garment factories contracted by 23 North American retailers and apparel makers have been inspected for fire and building safety, according to a report from the Alliance for Bangladesh Worker Safety.
Since the April collapse of the Rana Plaza factory complex that killed more than 1,100 garment workers and a November 2012 fire at the Tazreen factory that killed 112, close attention has been paid to Bangladesh's booming garment industry—but it's still not enough. Earlier this month, another factory fire killed nearly a dozen people—a building that was reportedly left out of inspections by both the Alliance and European-based Accord on Fire and Building Safety.
In a bid to be more transparent amid criticism over its non-binding agreement, the Alliance has released a full list of all of its contracted factories that includes names and addresses, as well as number of workers and building composition. The list also indicates which factories are utilized by Accord members.Continue reading...
Posted by Dale Buss on October 23, 2013 09:17 AM
Mondelez invests $400 million in sustainability.
Facebook reverses stance on violent video.
Microsoft tests eyewear similar to Glass.
Amazon and eBay shake up shipping strategies.
American Honda settles class-action suit over oil-burning defect.
Apple targets Microsoft Office with free apps.
Caterpillar cuts 2013 forecast as mining orders drop.
Cheetos promises to TP any location in the world for new Halloween campaign.
Coach loses ground to luxury rivals.
Ford trims production of C-Max and Focus.Continue reading...
brands under fire
Posted by Dale Buss on October 10, 2013 05:37 PM
The scourge of deadly fires and building accidents in Bangladesh garment factories continued this week despite the flurry of attention to the problem over the last year by western and European apparel retailers.
Leading retail brands including H&M, Carrefour, Hudson's Bay, Gap, Walmart and Joe Fresh have admitted possible links to an Aswad Composite Mills factory in Sripur where a fire broke out overnight and killed at least 10 people, after most of its 3,000 employees had gone home. There were reports that the factory had some modern firefighting equipment, but to no avail.
Workers said the blaze appeared to have been started by a malfunctioning knitting machine, according to Al Jazeera, while the country's top inspector said safety problems had been raised last month. The story is one all-too-familiar for Bangladesh's garment industry—a $20 billion trade— which saw over 1,100 people die in the Rana Plaza collapse in April after cracks were reported in the building by engineers, but their warnings were ultimately ignored by factory owners.Continue reading...
Posted by Dale Buss on October 10, 2013 09:22 AM
JCPenney undoes more of Ron Johnson's handiwork with logo revamp.
KFC preps quality-assurance campaign in China.
H&M, Gap back in the spotlight after another Bangladesh factory fire kills several workers.
A&E Networks pitches original programming.
Aereo Android app will debut Oct. 22.
Alcatel-Lucent must revise job-cut plans in France.
Apple reportedly slashes iPhone 5c production.
AT&T and GE partner for wireless global network.
BlackBerry warms to breakup exit strategy as brand expands office closures.
Chevrolet revs up major ad push for Malibu.Continue reading...
Posted by Dale Buss on September 17, 2013 09:35 AM
Toyota mourns death of Eiji Toyoda, who turned company into an export giant.
Bing releases new logo and design overhaul.
Sony will reportedly launch a dongle device, the Smart Stick, to compete against Google's Chromecast.
Bentley says its ultra-luxury SUV will create a new segment.
Chevrolet offers limited-run new colors on small cars.
Ford hits two million EcoBoost engines.
Green Giant goes “X-rated” in web videos.Continue reading...
Posted by Sheila Shayon on September 16, 2013 01:45 PM
Following a four-year hiatus, Gap is returning to TV to tout its latest campaign—called Back To Blue—with two videos, underscoring the brand's recent turnaround. Gap sales have steadily risen for six consecutive quarters, placing it in the best performance leaderboard position for an apparel company in the Standard & Poor 500 Retailing Index this year.
The TV campaign is the linchpin of its "back to school"-timed campaign, which is its biggest to date. The three-screen strategy includes digital and social elements across its websites and social media channels (including the hashtag #backtoblue and videos via Twitter's Vine), as well as in-store digital engagement via partner Styld.by. The "Back to Blue" TV ads feature youthful renditions of Billy Joel's "Just The Way You Are," performed by the singer's daughter Alexa Ray Joel, as well as George Harrison's "For You Blue," which is performed by his son, Dhani Harrison.
"The entire Back to Blue campaign embodies what it means to be comfortable in your own skin," said Gap CMO Seth Farbman, in a press release. "As a brand that is known for expressing itself through sight, sound and motion, we wanted to bring this idea to life through the voices of two individuals who are recognized for staying true to who they want to be."Continue reading...
Posted by Dale Buss on September 16, 2013 09:36 AM
Danone accused of bribing hospitals to use its powdered milk in China.
Gap returns to TV advertising after four years.
Whole Foods Market plans to open store in low-income Chicago neighborhood.
Absolut launches global "Transform Today" campaign.
Boeing closes in on South Korean fighter-jet deal but Dreamliner runs into more turbulence.
Chili’s plans to install tabletop computer screens.
China Telecom cuts iPhone subsidies.
Chrysler reluctantly moves toward IPO soon.
Citi hypes double points in New York.Continue reading...