FeedPosted Nov 2nd 2009 1:20PM by Tom Johansmeyer (RSS feed)
Filed under: Internet, Competitive strategy, Dell (DELL), Starbucks (SBUX), Marketing and advertising, Next big thing, Target Corp. (TGT), Best Buy (BBY)
Once upon a time, retailers measured success by the number of people walking by in the mall, how many entered the store, the percentage they spent, and basket size. Now, a world of zeroes and ones has changed their perspective entirely. Social media is expected to be the star during the coming holiday season, with retailers pushing Facebook, YouTube, and Twitter content to get in front of consumers and affect either online or in-store purchases. Smaller Christmas budgets are expected, so the fight is on to garner as large a share as possible of a shrinking pie.
Of course, nobody would come out and say, "Social media is nonsense, and I'm not getting anything for my investment." So, when the likes of Starbucks (NASDAQ: SBUX), JCPenney (NYSE: JCP), and Target (NYSE: TGT) say that social media is connecting them with their customers and leading to more effective campaigns and product launches, do take it with a grain of salt. What can't be ignored, however, is that they're committing more resources to social media marketing, even though it's still far too soon to tell if it will be effective.
Continue reading Retailers push social media, want bigger wallet share for Christmas
Posted Oct 13th 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Analyst reports, General Electric (GE), Time Warner (TWX), Marketing and advertising, Walt Disney (DIS), Viacom (VIA), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media World
According to The Hollywood Reporter, the advertising market could be ready for an upswing. Michael Morris, an analyst at UBS, is making a connection between improved sales at retail stores and a robust environment for commercials and the like. His reasoning is sound: if retail businesses are doing better, then they might want want to take advantage of new cash levels to invest in marketing initiatives aimed at bringing in traffic.
Indeed, the advertising industry has been in the dumps. Any good news is welcome. Media entities such as Disney (NYSE: DIS), Time Warner (NYSE: TWX), Viacom (NYSE: VIA), CBS (NYSE: CBS), News Corp. (NASDAQ: NWS), and General Electric's (NYSE: GE) NBC Universal, are counting on increased opportunities to sell their respective inventories at better prices.
Continue reading Will media companies benefit from a better advertising climate?
Posted Sep 25th 2009 4:30PM by Brian White (RSS feed)
Filed under: Yahoo! (YHOO), Marketing and advertising
Yahoo! Inc. (NASDAQ: YHOO) will be spending $100 million to market its new ... nothing. The internet pioneer who wants out of the tech biz and solely into the media biz (sounds like the Terry Semel days) will spend that sum over the next 15 months to gain new customers to its plethora of web properties and keep them there as long as possible (and charger advertisers appropriately).
What is new about this? From initial review, nothing. Yahoo! has always wanted to gain customers to its extensive internet collection and keep them there. What's so compelling a change that it's worth $100 million? So far, nothing this writer can determine. Just using Microsoft Corp.'s (NASDAQ: MSFT) Bing search services across all its properties is surely not a compelling reason.
Continue reading Yahoo! to spend $100 million on new ad campaign -- and crosses fingers
Posted Sep 21st 2009 5:00PM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Good news, Products and services, Management, Competitive strategy, Marketing and advertising, Recession, Financial Crisis

The past couple of months there has been a lot of news over the government's recent "cash for clunkers" program, which was wildly more successful than anyone could have imagined, but left dealer lots short on inventory. General Motors dealers are still dealing with low inventory and have
requested more cars to meet recent demand.
According to the Detroit News, General Motors dealers have requested that the company ship as much as
four times as many cars as the company had planned to build in October.
Continue reading GM dealers want more cars
Posted Sep 15th 2009 10:40AM by Tom Johansmeyer (RSS feed)
Filed under: Bad news, Industry, Marketing and advertising
Pharmaceutical company Eli Lilly & Co. (NYSE: LLY) is planning to cut 5,500 jobs over the next few years and reorganize into five business units. The company is looking to reduce costs and accelerate how long it takes new drugs to get to market, especially as its top performers see their patents expire. This translates to a workforce reduction of close to 14% – to 35,000. This measure doesn't include new positions in emerging markets with high potential and Japan.
The company hopes to cut as much as possible through attrition and retirements – and it would not indicate how many other positions would have to be cut.
Eli Lilly's goal is to slash its annual cost by $1 billion during this restructuring. The new business units will be: cancer, diabetes, established markets, emerging markets and Elanco, which is its animal health business. This is a change from the existing functional model, which separates U.S. and global marketing for each drug in the company's portfolio. Through the new structure, Lilly says, drug development and marketing will be tied more closely.
Continue reading Eli Lilly to restructure, bet on drug portfolio
Posted Sep 13th 2009 6:10PM by Tom Taulli (RSS feed)
Filed under: Consumer experience, Competitive strategy, Google (GOOG), Marketing and advertising, Entrepreneurs, Small business
Is it possible to run a business by giving away your stuff? It sounds counterintuitive. But hey, Google (NASDAQ: GOOG) gives away much of its offerings, right? I'm actually using Google Docs to write this column, for example.
True, Google is perhaps an exception (it certainly helps to have a huge user base and brand name). But it is worth exploring the concept. In fact, there is an excellent book on the topic -- Free: The Future of a Radical Price
-- which came out recently.
Continue reading Entrepreneur's Journal: Should your business start giving away stuff?
Posted Sep 11th 2009 3:00PM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Marketing and advertising, Walt Disney (DIS), Viacom (VIA), Media World, Film, Marvel Entertainment (MVL)
Disney (NYSE:
DIS), a media business that competes with
Time Warner (NYSSE:
TWX) and
Viacom (NYSE:
VIA), is currently holding a four-day fan convention in California called the D23 Expo. According to Julia Boorstin over at
CNBC.com, you might consider it a Comic-Con-like event strictly for the Mouse. As far as I can tell, this initiative is a smart marketing move. Disney is able to promote a lot of its content in a very targeted fashion.
Of particular interest is one piece of content that was highlighted in an article at the Los Angeles Times website. Disney is making a significant bet on an upcoming cartoon called The Princess and the Frog. It won't be a flashy 3-D production. Instead, it's animated in a 2-D environment.
Continue reading Disney promotes its content with new convention
Posted Sep 8th 2009 6:30PM by Connie Madon (RSS feed)
Filed under: Deals, Products and services, Launches, Management, Industry, Marketing and advertising, Market matters, Money and Finance Today, Personal finance
Warning! Take a nausea pill before reading this! How do bankers intend to get $500 billion dollars?
Was it a mistake to bail out Wall Street? Did you ever try and stop a cat from scratching on your sofa? The cat will wait you out and when you are not looking, it will start all over again. Wall Street is like that cat. They waited out the bailout last year and now are at it again with a new scheme called "life settlements."
What are "life settlements?" They are life insurance policies from elderly people who sell them for cash. For example, a $1million dollar policy could be sold for $400,000, which is more than the cash surrender value.
Bankers are already gearing up for this new scheme.
Continue reading Wall Street bankers are at it again: They will bet your life on 'life settlements'
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