Nation's Restaurant News
Noodles & Company, owned by Catterton Partners along with Canadian pension investment board Argentia Private Investments Inc. ,set the terms for its already announced IPO on Monday, saying it hoped to raise up to $77.5 million. The company has grown to 343 restaurants, including 291 that are company owned and 52 franchise locations across 26 states and the District of Columbia.
Digiday
In honor of Father's Day last Sunday, Heineken celebrated dads and and corny dad humor. The effort, via Wieden + Kennedy, asked people to tweet their favorite dad-style jokes @Heineken_US using the hashtag #dadjokes. Heinken will pick its favorite jokes and turn them into meme-style image macros by pairing the user-submitted jokes with vintage dad images. Heineken will also create and share some of its own dad jokes on Facebook, Twitter and Instagram.
Washington Post
Washington , D.C., area Lou Lou started in a shoe-box sized space in D.C. Now it has 14 stores, including locations in Georgetown and Annapolis, as well as 120 employees and roughly $15 million in annual sales. The tiny Bethesda store has since moved to Bethesda Row, where it occupies nearly 10 times the space. The key has been the fast-fashion model popularized by companies like H&M and Zara.
Bloomberg
JCP's "un-dress" code is a legacy of ousted Chief Executive Officer Ron Johnson, the former Apple retail chief who espoused a hipper, less formal vibe for J.C. Penney. But you can't tell the sales workers from everyone else. New CEO Mike Ullman is restoring the tried and true. Before the back-to-school shopping season next month, store workers will be outfitted with red branded lanyards, Ullman said.
Detroit Bureau
Fiat is getting bigger with the new four-door 500L. Where next? The maker is hoping to broaden its appeal with an expanding array of microcars - but several senior officials hint that something a bit bigger could be in the cards, as well. The question now being debated internally is just how much bigger the brand can go. In 2012, sales grew to 43,000, in line with earlier forecasts.
Retailing Today
The Empire State Building will be used in the 37th annual Macy's 4th of July Fireworks festivities. The building will be the site of a choreographed LED tower lights show designed to mirror the explosive finale of the nation's largest pyrotechnic display.
Forbes
Warner Bros. and Legendary Pictures' "Man of Steel" has made $196.7 million globally and $125 million domestically in its first four days. It's the top movie in all 25 countries it's been released in thus far. For gamers, there's only a $3 Apple iPhone, $5 iPad and $5 Android game from Warner Bros. Interactive Entertainment and Phosphor Games Studio supporting it. No official console game tie-in.
Brand Channel
At its developers' conference last week, Apple said it plans to more seamlessly link its iOS7 mobile operating system into vehicle infotainment systems. Apple says already that many auto brands are in discussions with it over using the platform. Automakers (excluding Ford, which uses Microsoft) are torn. One reason: most brands already have sunk many millions of dollars into getting their in-car environments to where they want them to be-where it meets their customers' needs and also extends the particular brand experience of the company.
Nation's Restaurant News
The 6,500-unit Wendy's chain tried "Right Price Right Size", but the menu is not attracting enough business. Last week, during a first-quarter earnings call, brand officials disclosed that Wendy's lost share of value-conscious consumers to rivals like McDonald's, which continues to advertise its Dollar Menu aggressively. Chief executive Emil Brolick said Wendy's started losing share of those customers at the end of January, when national advertising for the introduction of Right Price Right Size rolled off.
Reuters
Fisker's Karma hybrid sports sedan is beautiful but perhaps doomed. Fisker Automotive, hasn't built a car in nearly a year, fired most of its workforce, hired bankruptcy advisers and is seeking a buyer. Co-founder Henrik Fisker resigned in mid-March in a dispute with some of the directors. And despite raising $1.4 billion in private and public funds since its founding in 2007, the company is out of cash. For months, key investors have been footing the car maker's day-to-day expenses to keep it alive in diminished form.