Forbes
USA Today
Promo
Ad Age
Unit sales for GPS devices are up a whopping 488% over last year's for the first three weeks of the holiday shopping season, according to market research firm NPD Group, with revenue rising 214%. Meanwhile, MP3 player units slipped 9% with revenue down 16%.
Consumers dropped $4.5 billion on electronics during the time period, lagging behind last year's sales by about one-half percent. Other hot sellers include digital picture frames, with dollar sales up by 204%; LCD TVs with revenue up 64%; digital single-lens reflex cameras revenue up 29%; and computer notebook revenue up 12%.
NPD analyst …
Reuters
As Blockbuster's new management struggles to find a balance between expensive investments in online distribution methods and boosting its mature in-store rental business, it will raise prices for its Total Access subscription plans and lower prices for two DVD By Mail plans.
The price hikes will apply to new subscribers and some existing subscribers who are heavy users starting Dec. 27. Blockbuster also will cut the price of two of its By Mail plans by $1, to $3.99 for one DVD at a time for all subscribers and to $15.99 for three DVDs at a time for new …
The New York Times
The cast of colorful suitors for Godiva included Starbucks, Hershey's, William Wrigley Jr. and several private equity firms, but in the end Campbell sold the Belgian chocolate maker to Yildiz Holding of Turkey for $850 million.
Campbell decided to sell Godiva--which it acquired in 1967 and built into a worldwide phenomenon--to focus more on its traditional business of soups and snacks. It is increasingly marketing its products as part of a healthy lifestyle--one that chocolate may not fit.
Godiva will become part of the Ulker Group, which is owned by Yildiz. Ulker is the largest consumer-goods company …
The Wall Street Journal
Last month, Canadian regulators began an investigation into allegations that the Canadian divisions of Hershey, Cadbury Schweppes, Mars and Nestlé fixed prices. Now, antitrust officials at the U.S. Justice Dept. have begun making inquiries, representatives at two chocolate makers said yesterday. It isn't clear precisely what the feds are looking into or whether the preliminary inquiry will become a formal criminal investigation.
Price fixing can be a serious offense, leading to heavy fines and, in some cases, jail terms for executives. While antitrust enforcement has eased generally in recent years, the Bush administration has aggressively prosecuted price fixing. …
MSNBC/AP
Wal-Mart is taking control of the advocacy group Working Families for Wal-Mart, which was created and run by Edelman, its global public relations firm, to counter political-style campaigns against the retailer started in 2005 by two large unions. The company will retool the group and its Web site as a platform for employees and consumers to speak out in favor of the world's largest retailer, rather than the outside supporters it has featured so far.
Working Families has been part of a broader campaign to counter WakeUpWalMart.com and Wal-Mart Watch, founded by two unions. They were launched in 2005 …
The Wall Street Journal
The Wall Street Journal