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Strategy

  • Disney Expanding Interactive Format

  • Barbie flagship closes

    Shanghai, China -- Mattel announced Monday that it has closed its much-acclaimed Barbie flagship store, which opened March 2009 in Shanghai.

    The El Segundo, Calif.-based toy manufacturer, which officially closed the store’s doors on Monday, cited a change in strategy as reason for the closure. Mattel said in a statement that it plans to promote the Barbie brand via road tour -- on a pink tour bus.

  • Ingles Markets founder dies at 77

    ASHEVILLE, N.C. — Robert Ingle, the founder and CEO of regional supermarket chain Ingles Markets, died March 6, the company announced Monday. He was 77.

    The company's board of directors said Ingle will be succeeded by his son, Robert Ingle II, who has been Ingles chairman of the board since 2004.

    Ingle, who founded the business in 1963, served as CEO since the company was incorporated in 1965, as well as president from 1965 until 1982.

    Ingles Markets operates 203 supermarkets across six southeastern states.

  • Brooks Bros. retains branding firm

    New York City -- Strategic branding firm Graj + Gustavsen said Monday that it has been retained by Brooks Bros. to consult on the apparel retailer’s branding initiatives.

    According to Lou Amendola, chief merchandising officer for Brooks Bros., “We are excited to be working with the team at Graj + Gustavsen. Their deep expertise in consumer brand positioning and insight into market trends made them the ideal partner as we continue to explore brand building opportunities for Brooks Bros.”

  • The Challenge of Leadership Succession in Retail

  • LVMH acquires Bulgari for $5.2 billion

    Paris -- A report released Monday by Reuters said that French luxury group LVMH will acquire Italian luxury jeweler Bulgari for $5.2 billion.

    The offer, according to the report, is a 60% premium to Bulgari’s average share price, and indicates that the bounce-back of the luxury market could occur at a faster rate than Wall Street anticipated.

    Rival bidders included the Richemont group and PPR, according to Reuters.

  • Urban Outfitters profit dips in Q4

    Philadelphia -- Urban Outfitters reported Monday that net income for the quarter ended Jan. 31 dipped slightly to $75 million, compared with $77 million in the year-ago period.

    For the full year, profit rose to $273 million from $220 million a year earlier.

    Fourth-quarter net sales rose 14% to $668 million. Same-store sales for the quarter increased 4%. By brand, same-store sales rose 1% at Anthropologie, 28% at Free People and 5% for Urban Outfitters.

  • Seeing past the ‘core customer’: Channel-blurring means retailers should embrace complexity -- and even paradox

    By Joseph R. Bona, [email protected]

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