chew on this
Posted by Dale Buss on July 23, 2013 01:47 PM
Maybe we should have seen it coming when, in its most recent Super Bowl commercial, Taco Bell celebrated a bunch of old geezers' night on the town. Or maybe it was evident in the brand's years and years of incessant messaging to teenage males.
In any event, it's hardly a surprise that Taco Bell is dumping its kids' meals so that it can focus even more on the maws and fast-food needs of the vital Millennial demographic. It's actually a bit more jarring that other QSR brands are undercutting their own kids'-marketing efforts by sending their well-known mascots—including the Colonel—the way of the dinosaur.
Yum! Brands-owned Taco Bell plans to drop kids meals and toys at all of its US restaurants by around January, USA Today reported. "The future of Taco Bell is not about kids' meals," Taco Bell CEO Greg Creed told the newspaper. "This is about positioning the brand for Millennials."Continue reading...
Posted by Dale Buss on July 16, 2013 12:47 PM
Marissa Mayer may have created tidal waves in the worlds of maternity leave and telecommuting, but while she's also swelled Yahoo's stock price in her first year as CEO, she hasn't created more than a few ripples in terms of the company's long-term prospects.
Analysts aren't expecting much from the report of Yahoo's second-quarter financials today even though Google alum Mayer has been on the job at Yahoo for exactly a year, brought in as a last-ditch messiah as the tech company's sixth CEO in five years. Google and Microsoft also report earnings this week.
Among other things under Mayer, Yahoo has scooped up 17 technology startups, including the sizeable acquisition of Tumblr, has stemmed attrition and has, well, made it acceptable again in Silicon Valley to work at Yahoo instead of defect to Facebook or Google.Continue reading...
Posted by Mark J. Miller on June 20, 2013 02:39 PM
Men's Wearhouse founder George Zimmer may have been able to guarantee the way you'd look in his suits, but that same comfort didn't extend to his own job. In fact, Men’s Wearhouse tossed the 64-year-old Zimmer out the door Wednesday after he spent 40 years building the brand, starting with the first location that he opened with his college roommates.
No reason was given for the ouster but analysts suggested to The New York Times “that the conflict might be over the company’s efforts to appeal to younger customers, who could have been hampered by Mr. Zimmer’s continued presence in ads.” A person familiar with the matter told Bloomberg that Zimmer, who still owns about 3.5 percent of the company’s shares, and his handpicked CEO, Doug Ewert, have had “repeated clashes” about buying back shares and selling off apparel chain K&G.Continue reading...
Posted by Mark J. Miller on June 18, 2013 12:46 PM
Marriott is going all-in on Millennials. The Bethesda, M.D.-based company is launching a new logo and tagline, "Travel Brilliantly" in its latest attempt to attract the growing market of young travellers looking for luxury at a value.
The international hotel chain recently announced it will bring its European hotel brand, AC Hotels by Marriott, to the States to attract younger business travelers, while it is also planning to introduce a Millennial-friendly hotel brand, Moxy, across Europe in a partnerhsip with IKEA.
What's in it for Marriott? According to the Washington Business Journal, “younger business travelers who make three or more business trips per year are a $35 billion market.” The chain hopes to attract the sought-after demo with a new, simplified "M" logo, a mobile app, offering different dining options, and allotting more open spaces in its hotels that can be used as public workspaces as well as streamlined rooms.Continue reading...
Posted by Mark J. Miller on June 3, 2013 02:46 PM
Marriott is making another bid for Millennial travelers as it announces plans to import its European-based hotel chain, AC, to America. Earlier this year, Marriott introduced a partnership with IKEA for a new hotel brand called Moxy, which will cater to Millennials across Europe.
AC Hotels, which is based in Madrid, was bought by Marriott back in 2010 and rechristened AC Hotels by Marriott, HotelChatter.com reports. The hope was that it would help Marriott expand its footprint across that continent, USA Today reports. That’s resulted in 79 AC Hotels by Marriott across Spain, Portugal, France and Italy. Now it’s looking to do the same in the States with a plan for 200 more in the next 10 years.
"It's the right time to bring it to the US," says Brian King, global brand officer for Marriott Endorsed Brands, according to USA Today. "You import wine and you import cars. We're going to import a hotel brand."Continue reading...
Posted by Sheila Shayon on May 22, 2013 07:36 PM
It's graduation time and many of those college graduates are moving back in with their original roommates—their parents.
Bloomberg Businessweek is targeting twenty-somethings with a campaign encouraging those ‘boomerang kids’ to head-out on their own with the lure of a one-year subscription to the magazine. The “Bloomberg Businessweek Gets You Ahead” campaign website offers 42 e-gift cards that parents and friends can send to Gen Y-ers still living at home for an added kick in the behind—and a good laugh.Continue reading...
social media watch
Posted by Sheila Shayon on May 22, 2013 05:36 PM
The Facebook generation is so over Facebook, according to a new report from the Pew Research Center.
After surveying 802 teens, ages 12 to 17 about their online habits, it turns out that Facebook has become a "social burden." "While Facebook is still deeply integrated in teens’ everyday lives, it is sometimes seen as a utility and an obligation rather than an exciting new platform that teens can claim as their own."
While 94 percent of teens are maintaining their Facebook accounts, more and more continue to migrate to Twitter and Instagram as largely parent-free zones that give them a greater ability to freely express themselves. According to the survey, 11 percent of teens had Instagram accounts, 5 percent have Tumblr accounts and 7 percent have accounts on Myspace.Continue reading...
chew on this
Posted by Dale Buss on May 22, 2013 10:38 AM
When you're stuck in neutral as McDonald's has been lately, you begin to try a little bit of everything. Expanding the menu. Focusing on value options. Sacking your chief of US operations. And, now—reducing the menu.
On the heels of its elimination of the Angus Burger, Fruit & Walnut Salad and Chicken Selects, there are reports that other McDonald's U.S. menu items are on the chopping block too as the chain scrambles for ways to maximize traffic and revenues while minimizing costs to deal with stubbornly reluctant consumers. It's also part of how the chain hopes to woo back millennials, as CEO Don Thompson is expected to outline at the company's annual general meeting on Thursday.
Caesar Salad, McSkillet Burrito and the Southern Style biscuit may also disappear, according to a franchisee e-mail obtained by Bloomberg. These would be further cutbacks in McDonald's core menu at a time when the company increasingly has been emphasizing the traffic-building value instead of "limited-time" items such as popcorn chicken and McRib sandwiches.Continue reading...