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EPMG Wins HispanicAd.com Media Planning Excelencia Award at 2014 AHAA Conference

Source: Business Balla | May 16 2014, 11:20am CDT | by PR.com

Leading Multicultural Media Partner Recognized for its Hispanic-targeted Print Media Plan Designed for Walmart.
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UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures

Oct 29 2014 10:58am CDT | Source: Canadian Business Online

LONDON – Britain’s Serious Fraud Office has launched a criminal investigation into accounting procedures at Tesco, in a case in which the retailer acknowledged it had overstated its projected profits. Tesco had already launched an internal investigation after discovering its first-half earnings estimate had been inflated by about 263 million pounds ($423 million) due to alleged accounting errors at the com ...
Full article at: Canadian Business Online
 

 

Now We Know The Truth About Why CVS And Rite Aid Blocked Apple Pay (AAPL)

Oct 29 2014 9:29am CDT | Source: Business Insider

We now have a better idea why Rite Aid and CVS quietly pulled support for Apple Pay last weekend, even though the retailers initially accepted the new payments system. Rite Aid and CVS are members of the Merchant Customer Exchange (MCX), a group of big retailers that also includes Target and Walmart. But MCX is making its own payments app called CurrentC. According to The New York Times, if a retailer like Walmart decides to accept Apple Pay, ...
Full article at: Business Insider
 

 

Latest stories

Finnish scientists identify new type of black hole
Helsinki, Oct 31 (IANS) Finnish researchers have discovered a new type of low-mass black hole, which is a bright celestial body that emits X-ray, the University of Turku has said. | by IANS
 
Union Carbide ex-chief Warren Anderson is dead
Washington, Oct 31 (IANS) Warren Anderson, former chief executive officer of the Union Carbide Corporation, is dead, a media report said Friday. He was 92. | by IANS
 
Himalayan Viagra fuels gold rush for local Tibetans
Washington, Oct 31 (IANS) Overwhelmed by people trying to find the prized medicinal fungus known as Himalayan Viagra, two isolated Tibetan communities have managed to implement a successful system for the sustainable harvest of the precious natural resource, suggests research. | by IANS
 
 

Why Spin Master scours the globe to find new product ideas

Oct 28 2014 1:07pm CDT | Source: Canadian Business Online

Paw Patrol (Spin Master) In 2009, Spin Master Ltd., the Toronto-based toy maker that had made millions selling a line of cartoonish remote control planes under the Air Hog brand, found itself unexpectedly grounded. Throughout the 2000s, the company’s fortunes had soared on the success of its quirky, unconventional toys, and its franchise approach to marketing. But amidst the vicious brand combat of toy sector and the explosive growth of gaming, Spin Master sudd ...
Full article at: Canadian Business Online
 

 

Tesco’s Downfall Is a Warning to Data-Driven Retailers

Oct 28 2014 8:00am CDT | Source: Harvard Business Review

Tesco’s chairman has resigned in disgrace. The company’s market value has more than halved to an 11-year low as it acknowledged overstating profits by hundreds of millions of dollars. And a humbled Warren Buffett, after opportunistically raising his stake in the company after a surprise profit warning, confessed to CNBC: “I made a mistake on Tesco. That was a huge mistake by me.” Indeed. Britain’s biggest supermarket chain has not only ...
Full article at: Harvard Business Review
 

 

CVS shutting off Apple Pay could be start of retailers' backlash

Oct 28 2014 6:19am CDT | Source: South Florida Business Journal

CVS' decision to turn off Apple Pay over the weekend is seen as just the beginning of retailers revolting against the Cupertino company's new mobile payment service. CVS (NYSE: CVS) and other retailers are eager to debut their own mobile payment service next year, called Merchant Customer Exchange, which will bypass Visa, MasterCard (NYSE: MA) and other credit card networks altogether, the New York Times reported Monday. MCX promises to save reta ...
Full article at: South Florida Business Journal
 

 

CVS shutting off Apple Pay could be start of retailers' backlash

Oct 27 2014 4:49pm CDT | Source: San Francisco Business Times

CVS' decision to turn off Apple Pay over the weekend is seen as just the beginning of retailers revolting against the Cupertino company's new mobile payment service. CVS (NYSE: CVS) and other retailers are eager to debut their own mobile payment service next year, called Merchant Customer Exchange, which will bypass Visa, MasterCard and other credit card networks altogether, the New York Times reported Monday. MCX promises to save retailers — including the nation's large ...
Full article at: San Francisco Business Times
 

 

6 Reasons Why Apple Pay Will Catch On And Walmart Will Have To Accept It

Oct 27 2014 4:00pm CDT | Source: Business Insider

Over the weekend, Rite Aide and CVS quietly shut down Apple Pay in their stores. They're cutting off Apple Pay because they're part of a consortium of US retailers — called MCX — that is launching its own mobile wallet, which will compete with Apple Pay.  At BI Intelligence, we think this is a very minor setback for Apple. We believe MCX merchants will ultimately accept Apple Pay in their stores.  Here's why: 1. Con ...
Full article at: Business Insider
 

 

Walmart's Answer To Apple Pay Sounds Terrible (WMT, AAPL)

Oct 27 2014 9:35am CDT | Source: Business Insider

Retailers are rejecting Apple's mobile payment system, Apple Pay.  This weekend, CVS and Rite Aid shut down their NFC systems that accepted Apple Pay, and Google Wallet. Walmart is also rejecting Apple Pay.  These stores are rejecting Apple Pay because they have their own mobile payment system in the works. It's an app called "CurrentC."  Josh Constine at TechCrunch has a big look at CurrentC. It doesn't sound good.  Here' ...
Full article at: Business Insider
 

 

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