Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Monday, January 07, 2008
Friday, November 30, 2007
BATH AND BODY WORKS MAKES CHANGES
WWD reports:
Bath & Body Works is reinventing itself once again, by rethinking its experiment with outside prestige beauty brands and cutting its vendor list in half.
Four years ago, the vertical retailer heralded an internal revolution by tilting its business model to add a selection of outside brands to a smattering of doors in its chain. The shift in strategy reinvented BBW from an affordable purveyor of scented lotions and bath gels to a beauty apothecary that aimed to go head-to-head with Sephora to procure emerging brands.
The change plugged into BBW's then-chief executive officer Neil Fiske's trademark "trading up" strategy, which surmised that shoppers are already spending money, but they will spend more money in the right environment...
The concept caught on with niche beauty brands, many of which didn't have the might to do business with department stores, and fed shoppers' desire for discovery. At the height of the strategy two years ago, BBW had inked distribution deals with 80 beauty vendors, including Frédéric Fekkai, Molton Brown, Awake, Ahava, Vincent Longo cosmetics, Jaqua and Supersmile.
The retailer has since cut that number in half, and currently plans to carry about 40 outside — or third-party — brands in its 110 flagships across its 1,600-door chain, said Diane Neal, who replaced Fiske as ceo of BBW. Brands that have left or are slated to leave flagships by yearend include DDF, Peter Thomas Roth, Korres, Juvena and the retailer's proprietary line, The Savannah Bee Company.
Monday, November 05, 2007
DON'T PLAY WITH MY MONEY BUSH
Bloomberg reports:
Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.
Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means.
Even after the dollar lost 34 percent since 2001, the biggest investors and most accurate forecasters say it will weaken further as home sales fall and the Federal Reserve cuts interest rates. The dollar plummeted to its lowest ever last week against the euro, Canadian dollar, Chinese yuan and the cheapest in 26 years against the British pound.
``We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non- dollar currency,'' said Gross, the chief investment officer of Pacific Investment Management Co. in Newport Beach, California, and manager of the world's biggest bond fund. ``That should be on top of the list,'' said Gross, whose firm is a unit of Munich- based insurer Allianz SE.
Bundchen's Demands...
When Bundchen, 27, signed a contract in August to represent Pantene hair products for Cincinnati-based Procter & Gamble Co., she demanded payment in euros, according to Veja, Brazil's biggest weekly magazine. She'll also get euros for the deal she reached last October with Dolce & Gabbana SpA in Milan to promote the Italian designer's new fragrance, The One, Veja reported.
Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means.
Even after the dollar lost 34 percent since 2001, the biggest investors and most accurate forecasters say it will weaken further as home sales fall and the Federal Reserve cuts interest rates. The dollar plummeted to its lowest ever last week against the euro, Canadian dollar, Chinese yuan and the cheapest in 26 years against the British pound.
``We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non- dollar currency,'' said Gross, the chief investment officer of Pacific Investment Management Co. in Newport Beach, California, and manager of the world's biggest bond fund. ``That should be on top of the list,'' said Gross, whose firm is a unit of Munich- based insurer Allianz SE.
Bundchen's Demands...
When Bundchen, 27, signed a contract in August to represent Pantene hair products for Cincinnati-based Procter & Gamble Co., she demanded payment in euros, according to Veja, Brazil's biggest weekly magazine. She'll also get euros for the deal she reached last October with Dolce & Gabbana SpA in Milan to promote the Italian designer's new fragrance, The One, Veja reported.
Remember when it was cheaper to shop in Europe than in the states?? Not to get political but i do hope the next person voted into office pull a Sarkozy to fix this *ish and restore the US to the echelon it used to enjoy.
Read the rest of the article HERE
Tuesday, October 23, 2007
COLUMBUS YWCA AND SMALL BUSINESS DEVELOPMENT UPCOMING EVENT
STATE OF OHIO OFFICE OF SMALL BUSINESS DEVELOPMENT TEAMS WITH YWCA COLUMBUS TO TARGET HOME-BASED BUSINESSES FOR WOMEN
FOR IMMEDIATE RELEASE
October 22, 2007
Columbus, OH -- Lieutenant Governor Lee Fisher today announced that the Ohio Department of Development's Office of Small Business Development is teaming with the YWCA Columbus to host "The Best Way to Start a Home-Based Business," a workshop targeting women interested in launching home-based businesses. The workshop will be Friday, November 9, 2007 from 8:30 a.m. to 12:30 p.m. at the YWCA Columbus, 65 S. Fourth Street, Griswold Building, 4th Floor in Columbus. Registration is $20 until November 2 and $25 on the day of the event.
"Some of the most innovative and competitive companies can be traced back to their start as a home-based business, which play an important role in Ohio’s economy," said Lt. Governor Fisher, who also serves as Director of the Ohio Department of Development. "We are excited to team with YWCA Columbus on this informative workshop that will serve as an excellent resource for women, who are among the largest growing percentage of business owners today.
"This dynamic workshop will feature professional women who will discuss best practices in the areas of marketing, accounting, banking, legal, insurance, certification/procurement, and technology. Additionally, a representative from Ohio’s Small Business Development Centers will review the realities of business ownership and the fundamentals of creating a business plan.
Cynthia Lazarus, President and CEO of YWCA Columbus said, "At the national level, entrepreneurial women are creating jobs and opportunities at a record pace. Women in Ohio have long been at the forefront of this entrepreneurial wave. Providing this best practices workshop on November 9 is a perfect opportunity to connect women with the knowledge and tools needed to launch a home-based business, or any small business venture."
The Office of Small Business Development works to make State services available to small businesses to help inspire and create better ways of doing business to contribute to the growth and stability of Ohio’s economy. The Office manages a variety of programs and initiatives that assist small businesses in growing and finding success in Ohio.
According to the Center for Women's Business Research, as of 2006, there are an estimated 350,369 privately-held firms owned 50% or more by women in Ohio, generating nearly $58 billion in sales and employing 406,997 people. Among the 50 states and Washington, DC, Ohio ranks 6th in the number of privately-held, majority women-owned firms in 2006, 8th in employment and 9th in sales.
For more than a century, in Columbus and throughout the nation, the YWCA has served as a haven for women and families in need of support and as an incubator for women leaders in our communities. The organization strives to provide personal and professional growth opportunities for women and families, as well as offer direct services to families and women in need. Employment counseling, training and job placement all play integral roles in their women's residence and family center programs and it’s after school care and teen mentoring programs all aspire to introduce young people to entrepreneurial and career options.
For more information about the workshop or register for the workshop, contact the YWCA Columbus at (614) 224-9121 ext. 206, or visit http://www.ywcacolumbus.org/OSB.
Media contacts: Melissa Ament at (614) 466-6619 or Kelly Hassett at (614) 466-4133
FOR IMMEDIATE RELEASE
October 22, 2007
Columbus, OH -- Lieutenant Governor Lee Fisher today announced that the Ohio Department of Development's Office of Small Business Development is teaming with the YWCA Columbus to host "The Best Way to Start a Home-Based Business," a workshop targeting women interested in launching home-based businesses. The workshop will be Friday, November 9, 2007 from 8:30 a.m. to 12:30 p.m. at the YWCA Columbus, 65 S. Fourth Street, Griswold Building, 4th Floor in Columbus. Registration is $20 until November 2 and $25 on the day of the event.
"Some of the most innovative and competitive companies can be traced back to their start as a home-based business, which play an important role in Ohio’s economy," said Lt. Governor Fisher, who also serves as Director of the Ohio Department of Development. "We are excited to team with YWCA Columbus on this informative workshop that will serve as an excellent resource for women, who are among the largest growing percentage of business owners today.
"This dynamic workshop will feature professional women who will discuss best practices in the areas of marketing, accounting, banking, legal, insurance, certification/procurement, and technology. Additionally, a representative from Ohio’s Small Business Development Centers will review the realities of business ownership and the fundamentals of creating a business plan.
Cynthia Lazarus, President and CEO of YWCA Columbus said, "At the national level, entrepreneurial women are creating jobs and opportunities at a record pace. Women in Ohio have long been at the forefront of this entrepreneurial wave. Providing this best practices workshop on November 9 is a perfect opportunity to connect women with the knowledge and tools needed to launch a home-based business, or any small business venture."
The Office of Small Business Development works to make State services available to small businesses to help inspire and create better ways of doing business to contribute to the growth and stability of Ohio’s economy. The Office manages a variety of programs and initiatives that assist small businesses in growing and finding success in Ohio.
According to the Center for Women's Business Research, as of 2006, there are an estimated 350,369 privately-held firms owned 50% or more by women in Ohio, generating nearly $58 billion in sales and employing 406,997 people. Among the 50 states and Washington, DC, Ohio ranks 6th in the number of privately-held, majority women-owned firms in 2006, 8th in employment and 9th in sales.
For more than a century, in Columbus and throughout the nation, the YWCA has served as a haven for women and families in need of support and as an incubator for women leaders in our communities. The organization strives to provide personal and professional growth opportunities for women and families, as well as offer direct services to families and women in need. Employment counseling, training and job placement all play integral roles in their women's residence and family center programs and it’s after school care and teen mentoring programs all aspire to introduce young people to entrepreneurial and career options.
For more information about the workshop or register for the workshop, contact the YWCA Columbus at (614) 224-9121 ext. 206, or visit http://www.ywcacolumbus.org/OSB.
Media contacts: Melissa Ament at (614) 466-6619 or Kelly Hassett at (614) 466-4133
Thursday, August 02, 2007
Business
Nokia, the world largest mobile(cell) phone maker doubled their 2nd quarter profits. The gain is attributed to the company's joint venture with Siemens AG
Viacom, parent company to MTV and Paramount pictures, exceeded profit estimates and earned A LOT!! This is amid the bitter public feud between owner/chairman Sumner Redstone(pictured above) and his daughter Shari was to be heir to the empire but not anymore. The purchase of Dreamworks studio also help boost profits.
Chicago based Boeing won a bid from Ukrainian Airlines for 7 planes with an estimated cost of $523 million.
The FDA/Imported Asian food probe continues. There are reports now of farm raised seafood with disturbing amounts of antibiotics banned in the US like fluoroquinolones(phew mouthful!). The effect they have on humans are they can be cancer causing and also antibiotic resistant. The FDA was also trying to close down several testing laboratories but they have put a hold on that at this time. That's why EVERYONE should shop local (Farmer's markets are this best this season) Also organic sometimes does not mean safe. Shop with care.
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