Customers are buying generic brands more than ever in stores, but they’re not buying as many online. For now, at least. Last year, trips to a brick-and-mortar store that included the purchase of a private label product grew 1.1 percent, according to Nielsen. Online, that number fell 1.7 percent. However, just 12 percent of shoppers […]
Read moreIf you’re an advertiser who wants to market a product to millennials, you’re going to have to make it quick. A new study by comScore revealed online ads targeted toward millennials have to be around 5 to 6 seconds to be effective, a sharp contrast from the traditional 30-second commercial see on TV. “The length […]
Read moreThe U.S. government will ban U.S. citizens from traveling to North Korea after the death of a U.S. student arrested there while on a tour, a U.S. official and tour agencies that arrange trips to the country said on Friday. The ban will be announced on July 27 and go into effect 30 days later, […]
Read moreFrench bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France’s finance minister, Bruno Le Maire. President Emmanuel Macron’s government has already announced plans to cut payroll tax and cancel a planned extension of […]
Read moreInvestors panicked over appliance-seller shares on Thursday due to fears of further Amazon disruption. Wall Street is now defending the brick and mortar retailers, saying the sell-off is “overdone.” Home Depot shares declined 4.1 percent Thursday after Sears announced a deal to sell Alexa-enabled appliances on Amazon. Other appliance retailers such as Lowe’s and Best […]
Read moreJPMorgan analysts believe Whirlpool’s decline in light of Sears’ announcement that it will be selling its full line of Kenmore appliances on Amazon is “overdone.” Shares of Whirlpool posted a sharp decline of 4 percent on Thursday after Sears declared plans on Thursday to sell Kenmore-branded appliances on Amazon.com. After the opening bell, Whirlpool traded […]
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A week or so ago, I’d had enough of the constant buzzing of my phone alerting me of new emails. It wasn’t work emails, I leave those on a dedicated smartphone and they’re typically useful. Instead, it was my personal Gmail account that had, over the years, accumulated newsletters and junky messages from brands I […]
Read moreGeneral Electric stock skid Friday to lowest its level in 19 months after the company saw a 12 percent drop in revenue from a year earlier. It was GE’s final quarterly earnings report before John Flannery replaces Jeff Immelt as CEO next month. Share prices were down as much as 5 percent after GE’s earnings […]
Read moreTech conferences and pitch competitions typically feature apps and hardware made for millennials, who make up the largest generation. But the design of these products usually fails to meet the needs of an even larger total population: Boomers and seniors. On Thursday, venture capitalists flocked to a conference and pitch competition called the Boomer Venture […]
Read moreNuance Communications‘ shares fell Friday after the voice and language technology company said a recent global malware attack will impact its earnings. The company sees third-quarter earnings in the range of 26 cents per share and 28 cents a share, below the 29 cents a share consensus estimate from Thomson Reuters. It sees adjusted revenue […]
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