Chain Store Age
Ikea has been rebuffed by India on a request to relax rules on buying goods locally. The rebuff is likely to delay Ikea's entry into the Indian retail market. In June, Ikea said it would invest approximately $1.86 billion and open 25 stores in India. But the chain was seeking a 10-year window to comply with India's rule that foreign retailers source 30% from local small and medium-sized firms.
Detroit Bureau
Mini Cooper will launch a seventh model, the Paceman. The brand launched with one car seven years ago, and has tried to maintain the essential matchbook mantra with bigger vehicles. The company announced the new vehicle at its annual "Mini Takes the States" road show. The Paceman is a three-door version of the Countryman, Mini's biggest vehicle. "You are the first to hear this, even before the press," Mini chief executive Kay Segler as 1,000 fans turned out for the 6th annual, 3,900-mile cross-country rally.
Reuters
Campbell Soup Co. plans to buy Bolthouse Farms for $1.55 billion in cash, adding high-end juices, salad dressings and baby carrots to its portfolio. Campbell said Monday it would fund the deal through a combination of short- and long-term debt. It is expected to close late this summer.
New York Times
PepsiCo is going to take on companies like Dannon, General Mills, Fage and Chobani when expands beyond soda. PepsiCo this month will start selling yogurt in the Northeast and mid-Atlantic states. The products will initially be manufactured in Europe by Theo Mller, a German company. The two companies are investing $206 million in a 363,000-square-foot plant in Batavia, N.Y.
NYSportsJournalism.com
The beverage giant released new details for what it is calling the company's biggest ad campaign in Olympic history, including eight TV spots featuring current and past U.S. Olympians and Olympic hopefuls, a nationwide mobile tour, social media activation, limited-edition products at retail and goodies via My Coke Rewards.
Ad Age
For old time's sake, here's Andy of Mayberry doing an ad for the now-defunct cereal. He starred in dozens of commercials over the years, for brands such as Post Cereals, Ritz Crackers, Kraft Cheese and AT&T.
Nation's Restaurant News
A number of chains this summer are getting back to burgers with new items. Freddy's, a Wichita, Kan.-based chain, is actually combining hamburgers and hotdogs in its Freddy's Burger Dog, a beef hot dog sliced and placed on top of the restaurant's signature steakburger. Dairy Queen is offering the Sweet Apple BBQ Grillburger. The 4,488-unit chain's new burger includes bacon, onion slices, lettuce, a tomato slice and pepper Jack cheese topped with a sweet barbecue sauce that contains chunks of apple, and it's served on a home-style bakery bun. Red Robin is the first chain to add super-hot ghost peppers …
Fast Company
"American Made" items whose parts are produced elsewhere are pretty much standard fare these days. In the tech world, where consumers have started watching conditions at Chinese manufacturers that make iPhones and iPads are made, "Designed and Manufactured in the U.S.A." matters, or at least raises questions. The Nexus Q, Google's new entertainment orb is touted as all-American but some its parts aren't.
BizReport
Consumers much prefer getting something for free than getting something for less, according to new research on the psychology of discounting by a team of researchers led by Akshay Rao of the University of Minnesota's Carlson School of Management. What's the best value for money -- "50% extra free" or "33% discount"? According to the research, many consumers aren't aware both offers are the same. Instead, most assume that the extra free product is the better deal.
BizReport
Consumers much prefer getting something for free than getting something for less, according to new research on the psychology of discounting by a team of researchers led by Akshay Rao of the University of Minnesota's Carlson School of Management. What's the best value for money -- "50% extra free" or "33% discount"? According to the research, many consumers aren't aware both offers are the same. Instead, most assume that the extra free product is the better deal.