Dov Charney's much-debated stewardship of American Apparel has come to an official end. The board, which removed Mr. Charney from his CEO position in June, has decided not to reinstate him. Retail industry veteran Paula Schneider will take his place.
After nearly ten years of legal wrangling, it took only three hours for a U.S. District Court jury to side in favor of Apple in its defense against allegations that iTunes software had created an unfair monopoly.
Coke's partnership with American Idol is said to have broken ground in the integration of product placements into reality TV. The brand, however, is moving on to other opportunities to "connect with teens and leverage music as a passion point."
Had the Google Wallet payment option taken off, Samsung may not have felt the need to develop its own mobile payment system for Android.
Eddie Lampert has tried to rationalize Sears' lack of focus on retailing fundamentals by focusing on omnichannel technology, however, there is little indication efforts are yielding positive results, as in the cases of Macy's and Nordstrom.
The Wall Street Journal -
While the top overall searches this year concerned such topics as Robin Williams, the World Cup and the ALS Bucket Challenge, in consumer electronics, it was all about mobile devices: iPhone 6, Samsung Galaxy S5, Nexus 6 and Moto G.
Slow inflation and, in particular, plunging fuel prices are expected to give the Fed confidence that interest rates should remain at low levels.
Bloomberg News -
Pantry, Inc., which owns 1,518 c-stores in the Southeast, is currently considering bids that could value the company at about $850 million.