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Marketing

  • MarineMax Q4 net income slightly falls

    Clearwater, Fla. - Net income at MarineMax Inc. fell 2% to $5.2 million in the fourth quarter of fiscal 2014 from $5.2 million in the fourth quarter of the previous fiscal year. Damages received in connection to the 2010 Deepwater oil spill during the fourth quarter of 2013 helped produce a year-over-year decline in MarineMax’s net income.   Revenue grew 10% to $164.1 million from $149.7 million. Same-store sales increased approximately 10%.   

  • Alibaba net income drops in Q3

    Hangzhou, China –- Alibaba Group Holding Ltd. reported net income of $494 million in the third quarter of fiscal 2014, down 39% from $803 million in the same quarter the prior year. Items including share-based compensation expense and the amortization of intangible assets helped drive down net income.  

  • Report: Wal-Mart to reappoint Price as Asia CEO

    Bentonville, Ark. -- Wal-Mart Stores Inc. is reportedly reappointing Scott Price as president and CEO of its Asia business. According to Bloomberg, Wal-Mart will let Price, who previously held the position from 2009 until June 2014, work from the retailer’s U.S. headquarters.  

  • Best Buy names Domino’s CEO Doyle to board

    Minneapolis -- Best Buy Co. Inc. has appointed J. Patrick Doyle, president and CEO of Domino’s Pizza, to its board of directors. Doyle, 51, joined Domino’s Pizza in 1997, serving in a variety of leadership roles across its domestic and international businesses, and has been president and chief executive officer of Domino’s since March 2010.   

  • General Mills makes healthy board addition

    General Mills has elected David M. Cordani to its board of directors.  Cordani, 48, is a president and CEO of Cigna Corporation, a global health insurance and health services company.  

    Cordani joined Cigna in 1991 and has held a variety of finance and operating positions, including CEO for CIGNA Healthcare and president and CEO for Cigna Corporation.  

  • Big Lots is mom’s new best friend

    Big Lots celebrates families and mothers in particular through its national holiday television and online campaign launched on Nov. 1.

    The campaign features four original songs - one in Spanish - which are intended to inspire sing-alongs.  The spots feature a singing trio that includes "America's Got Talent" finalist Deanna DellaCioppa, a Boston native who has performed with Stevie Wonder and Diana Ross. 

    In this campaign, Big Lots emphasizes a special role mothers play in celebrating the holidays. 

  • New “Life” for Coca-Cola

    Coca-Cola Life, a new reduced-calorie beverage with a blend of cane sugar and stevia leaf extract, is hitting the stores nationwide. 

    Coca-Cola Life addresses the health concerns over sugary sodas.  The green-labeled can or bottle contains 35% fewer calories than Coca Cola Classic and is said to taste closer to the original than Diet Coke, which is sweetened with aspartame.  

  • Overstock takes aim at Amazon

    Discount online shopping site Overstock.com has lowered prices on books and is offering a 15% bonus to loyalty members in what CEO Patrick Byrne is calling a price war with Amazon.

    "We will analyze the results and cost benefits of this price war against Amazon and decide how long to continue the promotion. Right now it's scheduled to last through Cyber Monday," said Byrne.

  • Best Buy taps Domino’s CEO for board

    J. Patrick Doyle, president and CEO of Domino’s Pizza, has been appointed to the board of directors of Best Buy.  

    Doyle has joined Domino’s in 1997, serving in a variety of leadership roles across its domestic and international businesses. He has been president and CEO of Domino’s since March 2010.

  • Merger magic evident at Office Depot

    Sales continued to decline at Office Depot in the third quarter, but CEO Roland Smith said excellent execution allowed operating profits to more than double.

    Total company sales on a pro-forma basis to reflect the merger of Office Depot and OfficeMax declined 3% to $4.1 billion during the period ended Sept. 27. The top line decline was steeper at the company’s 1,851 unit North American retail division where sales declined 7% to $1.7 billion due to store closures and a 3% same store sales decline driven by a reduced transaction volume. 

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