Today’s Tipsheet: Pinterest Loses .Pin Domain | Retailmenot Hot IPO | Rolex at Sears
“Amazon Beats Pinterest In Fight Over .Pin Domain” by Matt McGee at Marketing Land. “Amazon has beaten Pinterest in a battle over .pin, one of the many new generic top-level domains (gTLDs) that are in the process of joining existing domains like .com, .net and .org. In a decision issued this week, a World Intellectual Property Organization mediator rejected Pinterest’s objection to Amazon’s application to own .pin.” Read more: https://marketingland.com/amazon-beats-pinterest-in-fight-over-pin-domain-52277
“Digital Coupon Firm Retailmenot in Hot IPO” at WSJ. “RetailMeNot should be distinguished from Groupon, he said. “They help small companies give big discounts sporadically. We help big businesses give small discounts every day.” Cunningham said his company works with 90 of the top 100 Internet companies and offers a mobile product that highlights sales in physical stores using geolocation.” Read more: https://www.cnbc.com/id/100899516
“Sears Would Really Like to Sell You a $33,000 Rolex” at WSJ. “In one of the more counterintuitive strategies in retailing today, Chairman and Chief Executive Edward Lampert has been pushing his beleaguered company to secure upscale offerings for the Marketplace section of its website, which features goods sold by third-party vendors…Sears’s Marketplace is now the third-largest online vendor market by number of visits, but it trails Amazon and eBay by a wide margin, according to comScore. In June, Amazon had 98 million unique visitors, eBay had 69 million and Sears had 18 million.” Read more: https://online.wsj.com/article/SB10001424127887324263404578613751354714698.html?mod=pls_whats_news_us_business_f
“Canadian Retailing Comes of Age” at The Economist. “To global retailers accustomed to merciless competition Canada is appealingly civilised. Unlike Americans and Europeans, Canadians have not been hammered by a housing bust. Fewer big grocery chains are fighting for market share than they are south of the border. Compared with the United States, Canada has about 60% of the retail floor space per consumer and profit margins are higher.” Read more: https://www.economist.com/news/business/21582020-merger-see-american-challenge-drug-deal
“Loblaw (Canada) looks beyond the battle to the war with Shoppers’ secret weapon” by Hollie Shaw at Financial Post. “Walmart’s Achilles heel in Canada, much like in the U.S., has been getting itself into cities. It routinely faces loud opposition to its developments from anti-big-box community groups, even when it proposes smaller, out-of-the-box city store formats. “Loblaw’s strategy is brilliant because it proves it is not focused on each individual battle — it is focused on the war,” Mr. Smerdon said.” Read more: https://business.financialpost.com/2013/07/20/loblaw-looks-beyond-the-battle-to-the-war-with-shoppers-secret-weapon/
“Why China’s Appetite for American Brands is Getting Stronger” by Anita Change Beetie at Ad Age. “Volvo, ThinkPad, AMC Theaters and, possibly soon, Smithfield Foods. All household names in the U.S., all with Chinese owners. And if the world’s two largest economies can strike an investment treaty — as is being discussed — many more could join them.” Read more: https://adage.com/article/global-news/china-s-appetite-american-brands-stronger/243187/
“Nearly 40% of shoppers ‘would not buy groceries from Amazon’ (in UK)” by Ben Bold at Marketing Magazine. “Nearly 40% of UK shoppers would not buy groceries from Amazon, despite speculation that the group could launch its AmazonFresh online grocery business in the UK as early as next year, according to new research…It found that of all online retailers, Amazon was by far the most popular, with 91% of those surveyed using the service. The next most popular retail platform was eBay, used by 71% of shoppers” Read more: https://www.marketingmagazine.co.uk/article/1191936/nearly-40-shoppers-would-not-buy-groceries-amazon
“JCP, Closing in on New CMO, Courts Kraft’s Debra Berman” by Natalie Zmuda at Ad Age. “The holidays will soon be here — and that spells trouble for JC Penney if it can’t quickly beef up its decimated marketing ranks. The retailer plans to hire a marketing leader shortly, according to two executives close to the company. The top candidate: Debra Berman, VP-marketing and engagement at Kraft Foods Group.” Read more: https://adage.com/article/cmo-strategy/jc-penney-closing-cmo-courts-kraft-s-berman/243218/
“Disney’s Crazy Invention Lets You Feel Phantom Objects Floating In Air” by Mark Wilson at Fast Company. “Aireal is the result of research by University of Illinois PhD student Rajinder Sodhi and Disney Reseach’s Ivan Poupyrev. When set by your television or connected to an iPad, this diminutive machine will puff air rings that allow you to actually feel objects and textures in midair–no special controllers or gloves required.” Read more: https://www.fastcodesign.com/1673054/disneys-crazy-invention-lets-you-feel-phantom-objects-floating-in-air?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29#1
Thanks for reading…have a great week!
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