Convenience Store News
New research from Mintel shows that a little more than two-thirds of Americans are opting for healthier food. The report says 31% of consumers choose healthy foods to lose weight and 30% to maintain weight. The likelihood that adults are maintaining a mostly healthy diet increases with age. Forty-eight percent of Americans age 65 and older say they pay close attention to how they eat compared to only 32% of 18- to 24-year-olds. Nearly one fourth (24 percent) of the 65-plus age group (the highest percentage of any demographic) say they do not exercise at all.
Detroit Bureau
Contributor Mike Davis was at GM's Motorama in 1953 when the company unveiled the first 'Vette. Here he runs through how the car became America's only mass-production sports car (which has never changed its name unless you count "Stingray." He notes that the first Corvette roadster was priced at $3,498, which would be $30,108 in 2012 dollars. By 1966, annual production had reached 28,000. "I can't tell you the year of peak Corvette output, but the Silver Anniversary model of 1978 must have been close with a bit over 42,000 U.S. sales."
Chain Store Age
Mobile shopping rose in the second quarter while social media sales fell according to a new report from IBM. The IBM Retail Online Index, a cloud-based analysis of the online retail sector, said retailers saw 15% growth in sales from mobile devices, but a 20% decline in sales in social media based on a much smaller base over this three-month period. Over the second quarter mobile commerce rose 14% to 15.1% of all online purchases, which there was a 20% drop in social shopping. Some reasons for the social disease: a disconnect between CMO and CIO; no clear idea about …
USA Today
Philadelphia Eagles QB Michael Vick is in the second year of a lucrative contract. Three years after being released from prison for his role in a dogfighting ring, Vick has a new "V7" clothing line that doesn't run from his past, acknowledging his sins with T-shirts that read, "It's not how you start, it's how you finish." His autobiography, Finally Free, which he started writing when he was in Leavenworth, goes on sale his fall.
Cincinnati Enquirer
Activist investor Bill Ackman wants changes at Procter & Gamble that will push its shares up to $70 or higher, analysts said Monday. While Ackman has yet to spell out his intentions, analysts say hedge funds such as his Pershing Square Capital Management are typically looking for a return on investment of at least 20% to 30%.
Chicago Tribune
Ace Hardware has launched a scaled-down version of itself in nearly 400 locations. The new format, designed for 5,000 square feet or less, stocks more than 11,000 of the retailer's most popular and profitable products. "Our goal is both to drive incremental store growth for Ace and to mirror the 'best in class' offerings available at our larger stores," said Mike Berschauer, Ace's director of retail development, in a statement. "Essentially we're providing the same top-notch brands and exceptional customer service, but just in a smaller space."
Marketing Week
The UK Advertising Standards Authority is investigating an ad for Kerry Foods' Richmond Ham featuring naked farmers frolicking in luscious fields. The National Trust has launched an "X-rated Soho Tour" app giving a guided tour of Soho's red light district to lure younger people to the brand. New Look T-shirt showing a woman with a football between her legs was withdrawn from sale last month after complaints from customers. According to Jane Frost, chief executive at the Market Research Society, sex now sells if it is used in a clever and appropriate way.
Brand-e.biz
Dos Equis has rolled out its Most Interesting Academy, an interactive online community at MostInterestingAcademy.com that features content created by bloggers and artists, and all the elements to keep life interesting. Dos Equis is planning an array of events for 2012, anchored by two large-scale Most Interesting Academy experiences in Austin and New York. These happenings will bring "like-minded adventurers" together to see musical performances by leading artists, as well offering up snake charmers, butchery classes and sea paddles.
Reuters
At the expense of profit margins, Lenovo Group Ltd, maker of ThinkPad machines, is on track to overtake Hewlett-Packard Co as the world's biggest PC maker by sales as soon as this year. If so, it will be China's first company to grab the top spot globally in a technology sector.
Washington Post
Ralph Lauren is the name, but China's got the game. Congressional Democrats went ballistic on the U.S. Olympic Committee after news reports that U.S. athletes in this year's London Games will wear outfits designed by American Ralph Lauren but manufactured mostly in China. Sen. Kirsten Gillibrand and Senate Democrats from New York, New Jersey, Pennsylvania and Ohio introduced a bill that requires the USOC to outfit Olympic athletes in ceremonial uniforms "sewn or assembled in the United States."