Consumer Products News
Samsung best in consumer devices say Consumers at CTIA show
Samsung Electronics Co., which has established itself as the market leader in the Android tablet and smartphone categories, was on display at 2013 E-Tech Awards on the 23rd of May at the CTIA trade show held in Las Vegas. In an interesting development, Apple Inc. has added one more Samsung model to its long list of Samsung devices that it wants the federal judges to review for patent infringement.
European retailers speak with one voice on bringing safety to Bangladesh
After a tragic construction disaster in Bangladesh, European retailers, including H&M and Wal-Mart, signed the Bangladesh safety accord which will introduce measures aimed at boosting safety conditions in garment factories, taking a step to securing lives of workers. Undeniably, unions had a big part in pushing the European retailers to take action in improving workplace safety at Bangladeshi garment facilities.
Sun above Burberry as it sees 9% rise in half-year revenue
Burberry Group had good news for investors as it saw not only a significant increase in its fourth quarter revenue, but the luxury goods maker recorded satisfying results for the half year ended March. It seems that demand for luxury goods in China improved as the UK-based company’s performance was undeniably driven by Chinese fondness for high-end products. Interestingly, even analysts are much surprised by that unexpected twist as company’s revenue significantly exceeded economists’ projections.
Samsung braces for new thrust as it launches Mini Stores in Best Buy
Samsung Electronics Co. is bracing for a new thrust as it is to open new mini stores in Best Buy. The move is clearly targeted at Apple Inc. and its commanding position in the US. The question is whether this step can pose a threat to the dominance of Apple Inc. in its homeland market.
Alibaba bets on Jonathan Lu as new CEO
On the 11th of March, Chinese online giant Alibaba Group informed that its executive vice president Jonathan Lu would take the helm from current chief executive officer Jack Ma. The nomination was announced amid growing speculation over its forthcoming initial public offering.
Imperial Tobacco’s mood spoiled by black market sales
On the 30th of January, Imperial Tobacco Group Plc. informed that the first-half profit would decline because of black market sales and the deepening crisis in Europe. Along with the announcement on the half-year profit outlook, the Europe’s second-biggest tobacco company revealed that Robert Dyrbus had resigned from his position.
Maker of Cartier jewelry Richemont sees Q3 sales grow
The maker of Cartier jewelry Richemont SA posted its third quarter results showing that sales in the period grew by approximately 5 percent at constant exchange rates and about 9 percent at actual rates. The Geneva-based company saw satisfying growth in the Americas, but witnessed lower growth rate in other regions, including the Asia-Pacific region. In particular, the rate of China’s sales slackened as demand for luxury goods dropped in the world’s second economy.
Emerald green becomes prime color for 2013
Emerald green is to dominate 2013 as Pantone LLC has chosen it to be the color of the coming year. To be exact, PANTONE® 17-5641 Emerald has been chosen to be the color of the year for 2013 by the worldwide guru on color for a wide range of industries.
Reckitt Benckiser to pay $1.4bn for Schiff Nutrition
Reckitt Benckiser Group PLC, the England-based company, informed on the 22nd of November that it had signed a deal to acquire Schiff Nutrition International Inc. for $1.4 billion. The takeover of Schiff Nutrition International Inc. means that Reckitt Benckiser Group is going to enter the profitable vitamins and nutrition supplements market.
Wal-Mart tempts customers with Black Friday deals on Thanksgiving night
Wal-Mart Stores Inc. is moving its Black Friday deals even earlier this year as they are to start at 8 p.m. on Thanksgiving Day. The world’s largest retailer has announced three waves of deals this year and at the same time it has assured that all its clients will be able to get their Black Friday deals.
Richard Schulze declines Best Buy offer
Negotiations between Best Buy Co. Inc. and its founder Richard Schulze on taking the company private were terminated as Schulze rejected due diligence deal, according to Best Buy’s officials.As it has been stated by Best Buy’s officials, the company had shown “great flexibility” as it gave Richard Schulze 60 days to prepare a deal for the company and at the same time the opportunity to propose a buyout offer directly to shareholders from the beginning of 2013, the end of Christmas shopping season, if the board rejects his offer. According to a Best Buy’s statement, Richard Schulze did reject the company offer.
Dish Network Add 22,000 Subscribers, Boost Profits by 24 Percent
Even though it seems like there is a long way for Dish Network to beat the race for being the number one satellite TV Company, Dish Network has still managed to add a remarkable lot of 22,000 subscribers to the viewing list.
Alex Gorsky to be Johnson & Johnson’s new CEO After Weldon
Johnson & Johnson has picked up a new CEO, to succeed Bill Weldon after his retirement in April this year. The healthcare giant J&J said its decade-old Chief Executive Officer William Weldon will step down from his post in April. To succeed him is the vice chairman Alex Gorsky, as the ninth chief executive officer of the 126 year-old company, while Weldon, aged 63, remains the chairman of the board.
4 Consumer Trends to Watch in 2012
With the new year just over a week away, it’s time for industry leaders to think about how to make 2012 better than 2011. One of the ways for industry leaders to do that is to take a look at what’s poised to be big in the new year, and to point the company in that direction. A new year comes with new ideas, new innovations, and new consumer trends. Here are four that industry leaders need to pay attention to in 2012:
Fabric that Purifies Air: Green Fashion with Catalytic Clothing
When the entire world is thinking up ways of bettering the environment by using technology and methods that reduce air pollution, Catalytic Clothing’s newest foray goes one step further, with their ethical fashion project that purifies surrounding air as one walks along. Ethical fashion, defined as “an approach to the design, sourcing and manufacture of [...]
ITRI comes out with i2R e-Paper which can be rewritten on over 250 times!
After winning the R&D 100 Awards, also known as the “Oscars of Innovation”, for three successive years in a row, the ITRI (Industrial Technology Research Institute) has been awarded this year for two eco-friendly technologies, one of which is the rewritable i2R e-Paper, basically a liquid crystal panel. Promising to be both environmentally friendly and [...]
Aurumania Gold Bike Crystal Edition
Scandinavian company Aurumania’s gold bike crystal edition, uniquely hand-fabricated, plated with 24 carat gold and more than 600 fine swarovski crystals, is the world’s most expensive bicycle. Priced at 80,000 Euros, the company has, to start with, come out with only 10 limited editions of this golden bike. Each bike is hand-built, and then plated [...]
Chopard. A Tradition of Excellence.
Continuing to be a fully independent family firm to this day, Chopard is one of Switzerland’s best known luxury watch, jewelry, and accessories manufacturing company. Founded by Louis-Ulysse Chopard in 1860, Chopard, to start with, focussed on using innovative ideas towards developing precise pocket watches and chronometers. The company diversified and expanded within the luxury wrist watches [...]
Gruesome Graphic Warnings on Cigarette Packs: FDA’s new campaign
The first update in a quarter-century to statutory warnings on cigarette packs, the Food and Drug Administration (FDA), released nine new graphic labels to be printed on cigarette packs, to enhance awareness about the consequences of smoking. The gruesome, disturbing graphics, such as that of a man blowing cigarette smoke out of a tracheotomy hole [...]
