“Social media plays an important role in how consumers discover, research, and share information about brands and products. In fact 60 percent of consumers researching products through multiple online sources learned about a specific brand or retailer through social networking sites.” Nielsen Wire 10/14/11
“Mall goers are incredibly active consumers across a number of sectors, including media, retail goods, online, travel and automotive according to a recent look by Nielsen and Scarborough into the behaviors of visitors to major malls in Boston, Chicago, Los Angeles and New York .Nielsen Wire 10/18/11
The owners of the Waikiki Edition hotel ousted Marriott International managers in the middle of the night, changed the locks and the hotel’s name to Modern Honolulu. They accuse Marriott International of failing to market and expand the Edition brand, as well as poor management.
Chicago-based beer maker Pabst, plans to relocate its headquarters to Los Angeles this summer. The company has not commented on reasons for the move, but Eric Schmidt, an analyst with Beverage Information, says the Metroupolos family, which purchased the company last summer, will likely “move aggressively to rebuild Pabst brands.” Two family members live in LA. Latimes.com 5/14/11
Skechers Shape-ups, toning sneakers promoted to adults, are now being pitched to young girls. The Parents Television Council say’s Skechers advertising emphasizes popularity, thinness and attractiveness, and encourages young girls to look like older girls. Skechers says Shape-ups for Girls promote exercise and fitness. CBS News 5/13/11
Yum Brands, owners of KFC, Taco Bell and Pizza Hut, wants to increase its 27.2% stake in “Little Sheep” a chain of hot pot restaurants in China. NYTimes.com 5/13/11.
Walmart (WMT) plans to acquire a minority stake in the holding company of Yihaodian, a fast-growing e-commerce company in China with significant sales of groceries, baby, consumer electronics and other items. Forbes 5/13/11
Burberry plans to boost sales in far eastern markets by using its “Britishness” to differentiate itself in a luxury market dominated by European brands such as Louis Vuitton and Gucci. Guardian.co.uk 5/13/11
Facebook is being accused of hypocrisy for promoting transparency while anonymously trying to persuade reporters to write stories critical of the privacy implications of Google’s search feature Social Circle. NYTimes 5/13/11
Procter & Gamble (PG) says consumers are increasingly choosing its brands over store brands, a sign of an improved economy. The company plans to raise prices on products including Pampers diapers, Iams pet food and Head & Shoulders shampoo but is keeping prices down on lower tier products such as Luvs diapers. Businessweek 5/12/11
Prestige Brands (PBH) nearly doubled its fourth-quarter profit on strong over-the-counter product sales, helped by acquisitions and growth of its five core brands. The company makes products including Clear Eyes, NightGuard, Dermoplast, Sleep-Eze, Comet and Spic and Span. Foxbusiness.com 5/12/11.
Maidenform is extending its brand with the launch of Maidenform Swimwear, in partnership with Malibu Dream Girl. PRNewswire 5/12/11
Apple is the world’s most valuable brand according to Brandz top 100 Most Valuable Global Brands 2011. Download report here.
60% of check-in service users, defined as those accessing services such as Facebook Places, Foursquare and Gowalla, had heavy skews toward 18-24 year olds (26%) and 25-34 year olds (32.5%) in relation to both the total mobile audience and the overall smartphone audience, according to comScore MobiLens data in March, 2011. 37% checked in from an Android device. For more visit marketingcharts.com
Apple became the world's most valuable brand last year according to the Brandz Top 100 Most Valuable Global Brands 2011. Facebook debuted in the top 100, and Amazon passed Walmart to win the honor of no. 1 retailer.
WPP and Millward Brown Optimor have released the Brandz Top 100 Most Valuable Global Brands. Download the free report here.