Consumerist
Last week, Sears CEO Eddie Lampert said the chain will be closing more stores. That is bad news for malls for which stores like Sears and J.C. Penney are anchor retailers. Sears, which started the mall business in 1959, no longer has a stake in the business and is also busy pulling out the rest of its presence there. "If one of them goes, it almost forces the other one out, because the mall just won't get enough traffic," said an industry analyst.
Detroit Bureau
Chrysler LLC, Ford, General Motors, meet Mahindra. The Indian conglomerate is opening an engineering center and a manufacturing plant at locations near Detroit. Mahindra USA Inc. has settled on Troy, Mich., as the site for a new research and development center and also plans to assemble electric motor bikes, the Mahindra GenZe, at a new but separate manufacturing center in Ann Arbor.
Nation's Restaurant News
Domino's Pizza has added a group ordering tool for large parties. The pizza chain is marketing the new feature as a solution for summer holidays. The upgrade is the latest in a series of other digital functions added in the past month, such as Google Wallet payment on Domino's Android app and a new iPad app that includes an animated pizza builder in 3D.
NYSportsJournalism.com
Major League Soccer and Soccer United Marketing, the marketing arm for MLS, have signed new TV deals with ESPN, Fox Sports and Univision. All three deals extend through 2022. Industry analysts put the combined total of the three deals at $270 million, about triple what the league gets under its current pacts (which includes NBC until Fox takes over).
USA Today
Once upon a time there was a real competitor to Oreos: Hydrox. They could be back in September, says Ellia Kassoff, CEO of Leaf Brands, which recently acquired the rights to the Hydrox trademark. "The cosmic difference between Hydrox and Oreo is that Hydrox is a little more crispy; a little less sugary and stands up better in milk," he says.
Cincinnati Enquirer
Procter & Gamble has raised hackles in Germany after unintentionally placing a neo-Nazi code on promotional packages for Ariel washing powder. Shoppers have posted pictures online of Ariel boxes featuring a large number "88" on a white soccer jersey. Neo-Nazis use "88" to represent the phrase "Heil Hitler," because "H'' is the eighth letter of the alphabet.
Automotive News
Ford is launching 16 vehicles in North America this year so the automaker's top brass are meeting earlier to get ahead of potential problems. Joe Hinrichs, Ford president of the Americas, COO and next CEO Mark Fields, manufacturing boss John Fleming, purchasing chief Hau Thai-Tang, product development head Raj Nair and quality boss Bennie Fowler are at the front lines.
NYSportsJournalism.com
Shaun White, Bubba Watson, Giancarlo Stanton, Tony Stewart and Clint Boyer are Oakley spokespeople. And the sports eyewear and gear company also has deals with MLB, the N.Y. Yankees, L.A. Angels, Tour de France and the U.S. and Canadian Olympics teams. CEO Colin Baden says there is an on-going challenge to find the right mix of sports endorsers and marketing platforms.
USA Today
Half of them say they'd happily live without most of the items they own in a global survey of 10,574 adults ages 16 and up in 29 nations. The survey, titled "The New Consumer and the Sharing Economy," was done by the communication giant Havas Worldwide and will be released Tuesday.
Knowledge@Wharton
People love Sharpies. The pen, associated indelibly with "permanent ink," has kept pretty much the same design since 1964, when it was new. Early endorsers were Johnny Carson and Hugh Downs. At the jump, read about how the brand has stayed permanent. The latest shift: self-expression via social media channels.