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Strategy

  • Study – Restaurant revenue drops post-Thanksgiving

    San Francisco – In the last several years, restaurant revenue declined 22 to 45% during the post-Thanksgiving holiday period. According to a study across quick-serve, fast casual, and fine dining chains by customer engagement solutions provider Thanx Media Inc., the average restaurant experienced a 27% revenue decline in December, as compared to that year's monthly average.   

  • Rent the Runway repositions brand with RedScout

    New York – Online fashion rental company Rent the Runway has partnered with innovation agency Redscout to help create the brand's new positioning, voice, logo and visual identity. Redscout helped Rent the Runway combine the two main focuses of the business, technology and fashion, into one synergistic and thoughtful vision across its online, mobile and brick-and-mortar platforms.  

  • Bebe names Wiggett permanent CEO

    Brisbane, Calif. – Bebe Stores Inc. has named Jim Wiggett, who has been serving as interim CEO since June 2014, as permanent CEO and member of the board of directors. Wiggett is a 40-year retail and business veteran.  

  • USA Today honors Porch.com CEO

    Porch.com CEO Matt Ehrlichman has been named the USA Today Entrepreneur of the Year for 2014.

    Key criteria of the award included exhibiting significant growth this year and solving a consumer problem.

    Ehrlichman won the honor after a team of USA Today editors sorted through 10 finalists.

  • Study – Retail sector to add 30,000 jobs by end of year

    San Leandro, Calif. - The U.S. retail sector will add nearly 30,000 jobs through the end of December as the country heads into a strong holiday shopping season. According to a study from HR services provider TriNet, recent job growth in the U.S. retail sector is built on positive consumer confidence, increasing retail spending, and positive job market outlook.   

  • Report – Google studies color effect on consumers

    Mountain View, Calif. – Google Inc. is reportedly studying the effect color has on consumer purchase decisions, among other issues. According to Reuters, the company has found a clear link between color and employee satisfaction with their workspaces, and is still in the early stages of research.  

  • PetSmart agrees to $8.7 billion buyout

    Phoenix – PetSmart Inc. has agreed to be purchased for about $8.7 billion by a consortium of buyers led by private equity firm B.C. Partners and also including pension fund manager La Caisse de dépôt et placement du Québec and private equity firm StepStone. The total figure represents an acquisition price of $83 per share, a 39% premium over PetSmart’s closing price on July 2, 2014.  

  • QVC promotes merchandising exec to QVC Germany CEO

    West Chester, Penn. – QVC has named Mathias Bork to the position of CEO of QVC Germany, effective Jan. 1, 2015. Bork will be responsible for overseeing QVC's operations and growth in the Germany market.   Bork succeeds Steve Hofmann, CEO of QVC Europe, who has held the role of interim CEO of QVC Germany since the end of 2013. Bork will continue to report to Hofmann.   
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