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These are the stocks posting the largest moves in the premarket.Market Insiderread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
House Speaker Nancy Pelosi is rejecting the White House's most recent debt ceiling proposal, Bloomberg reported on Friday.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
The country's Revolutionary Guards say they will soon releasePoliticsread more
The U.S. stock market should move higher from near-record current levels, says the co-founder of the world's largest money manager.Marketsread more
Stroopwafels have become much easier to find, thanks to United Airlines and now McDonald's Stroopwafel McFlurry.Food & Beverageread more
Frontrunners including Vermont Sen. Bernie Sanders, South Bend, Indiana, Mayor Pete Buttigieg and Sen. Elizabeth Warren are set to appear during the first July 30 debate.2020 Electionsread more
Sen. Kevin Kramer, a Republican from North Dakota, praised House Speaker Nancy Pelosi's work on the debt ceiling negotiations.Politicsread more
One of Tesla's Wall Street skeptics now sees it headed to a nearly profitable second-quarter earnings report.Investingread more
Apple needs to make a big push into content – and in doing so, it should make a significant acquisition, noted analyst Dan Ives told CNBC on Thursday.
"Right now it's all about services and the installed base," he said, referring to the number of products in use in the world. "But you need to monetize, you need fuel in the tank and we believe it's content. That's why be we believe this is the year they finally do a big M&A."
The tech giant is aiming to launch its new streaming video service in April or May. It will feature free original content for device owners and a subscription platform for existing digital services. However, Netflix isn't expected to be a part of it and HBO's participation is in doubt, CNBC's Alex Sherman reported last week, citing people familiar with the matter. Lions Gate's Starz; CBS, which owns Showtime; and Viacom are expected to offer subscription streaming services on the platform.
Ives said Apple needs an acquisition because it is "miles behind" the competition. And it certainly has the money to spend — it now has $245 billion cash on hand, according to its first-quarter 2019 earnings report.
"If they want to be a serious player here they are going to have to significantly invest in the platform in terms of having their own original content," the managing director at Wedbush Securities said on "The Exchange. "
As for what acquisition would make the most sense, Ives pointed to names like A24 Studio, Lionsgate, Viacom/CBS, Sony Pictures, MGM Studios and Netflix, as well as a potential gaming publisher as a subscription service.
If Apple executes with "minimal speed bumps" and aggressively acquires content, Ives believes the Cupertino, California-based company can reach 100 million subscribers in three to five years. That could translate into a $7 billion to $10 billion annual revenue stream over time, he wrote in a note to clients earlier in the day.
If it doesn't take advantage of the "ripe" M&A landscape, "it will be a major strategic mistake in our opinion that will haunt the company for years to come," wrote Ives, who has an outperform rating and $200 price target on the stock.
Apple has had its share of ups and downs of late. The tech giant reached a $1 trillion market cap on Aug. 2, but the stock has since dropped about 15 percent. In January, Apple slashed revenue guidance, blaming weak iPhone sales in China. It was also dethroned as the world's most innovative company in Fast Company's annual ranking.
Shares of Apple closed slightly lower Thursday.
"It's a defining period for Cook and company. Definitely a dark chapter they are trying to get around," Ives said.
Apple did not immediately respond to a request for comment.
Disclosures: Wedbush Securities is a market maker in Apple.


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Gatorade has targeted on innovation and labored to snag a few of these new consumers. Basic Supervisor Brett O’Brien says in an announcement that the corporate’s virtually three-year-old Gatorade Zero line exceeded $1 billion in gross sales in 2020. That quantity would elate any new drink model.
“As a model rooted in sport, we all know competitors makes us higher,” O’Brien says in an announcement. “However the way in which we’ll proceed to win is by specializing in athletes—displaying them that we perceive them higher than anybody else, and delivering improvements, like Bolt24 and Gatorade Zero, that show it by serving to them carry out their finest.”
The corporate additionally has a new chief marketing officer, former Nike government and Nationwide Soccer League participant Kalen Thornton.
The variety of smaller beverage corporations is growing, and so they’re swooping in and pilfering small segments of Gatorade’s clients, McTigue says. Specialists level to Mexican model Electrolit for example. It just lately broke into the U.S. market and is fashionable amongst Hispanic customers.
Gatorade should select its battles properly, and never unfold itself too skinny, McTigue says. Which means deciding which segments to let go.
“Gatorade remains to be attempting to be fairly good for everyone,” he says. “While you’re fairly good for everyone, you find yourself not being excellent for anybody.”
COVID has fueled client want for useful drinks that do extra than simply hydrate after a exercise. Efficiency vitality drinks, which have caffeine and different added substances, exploded final yr whereas sports activities drinks struggled to maintain up, based on a Euromonitor report.
There are additionally alkaline waters, protein waters, vegan protein waters and extra.
“The buyer is absolutely the one which’s shaking this up,” says Duane Stanford, editor and writer of drinks trade publication Beverage Digest. “The buyer is saying, ‘I wish to strive various things. I would like several types of substances. I would like totally different hydration for various instances.’ “
The largest risk to Gatorade’s prominence is an organization solely a fraction of its dimension however with some large backing: New York-based BodyArmor.
The last decade-old firm has grown to 9.3% market share in 2020 from 0.5% in 2015, based on Euromonitor. Retail gross sales of the corporate’s BodyArmor and BodyArmor Lyte sports activities drinks handed $1 billion in gross sales prior to now yr, BodyArmor President Brent Hastie says.
Comparatively, Gatorade had greater than $6.7 billion in retail quantity gross sales final yr, up from $6.3 billion in 2019, says Morningstar analyst Nick Johnson. Powerade, the No. 2 participant within the sports activities drink world, was at about $1.66 billion in 2020, up from $1.65 the yr earlier than.
Hastie says BodyArmor is not essentially stealing market share, however creating it. “The overwhelming majority of our development are new customers coming into the class, buying and selling up from water or different drinks they’d earlier than,” he says.
BodyArmor, whose tagline is “Greater than a sports activities drink,” additionally has an alkaline sports activities water and a brand new sports activities drink with caffeine. Specialists say it has executed properly tapping into rising well being developments lately, significantly the need for hydration past exercises.
BodyArmor final month launched an advert marketing campaign that includes singer Carrie Underwood, a deviation from professional athletes like soccer star Megan Rapinoe and tennis phenom Naomi Osaka it has used prior to now.
Underwood, who has her personal athletic attire model, health app and a e book about consuming properly, is “excellent” for constructing an energetic hydration play, Hastie says.
After all, Gatorade has additionally inspired its clients to hydrate off the courtroom. It sells merchandise that play into rising developments, too, with added caffeine, zero sugar and extra.
The sports activities drink battle may in the end come down to 2 beverage giants: Coke and Pepsi. Along with its stake in BodyArmor, Coca-Cola already owns Powerade. However it’s miles behind and has not posed a lot of a risk. Euromonitor information exhibits its market share dropped to 13.7% in 2020 from 18.2% in 2015.
Coke additionally has an possibility to extend its stake in BodyArmor this yr and appears poised to take action. The corporate just lately notified the Federal Commerce Commissiont of its intent to take a controlling stake in BodyArmor, as first reported by Beverage Digest final week. “If accomplished, the transaction would go away Coke with the second- and third-largest sports activities drink manufacturers within the US, creating further retail leverage for Coke in opposition to class chief Gatorade,” the publication reported.
BodyArmor may very well be “a dream come true” for Coca-Cola, based on a current report from advisory agency Evercore ISI. It says BodyArmor is “in a league of its personal” and has the potential to turn into a multibillion-dollar model.
“We see BodyArmor as a premium way of life model, representing the wholesome way of life that many individuals aspire to, not ‘simply’ one other sports activities drink or useful hydration beverage,” the report says. “We consider that simply as sneakers have lengthy moved past the enjoying fields, the fitting form of sports activities drink will do the identical for drinks. And it is already occurring.”
Advert Age contributed to this report.

domain: news


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People are being offered £30 an hour to pick broccoli at a Lincolnshire farm as part of a major recruitment drive.
The pay being offered by TH Clements and Son, based in the village of Benington in the borough of Boston, means that workers will receive £240 a day - the equivalent of £62,000 a year.
Additionally, the company is also offering roles for cabbage pickers on its farmland who would be paid at the same rate, Hull Live reports.
Year-round work is available at the company, which also supplies Brussels sprouts and cauliflowers to major food suppliers and supermarkets.
In a post on social media, TH Clements said: "We are looking for Field Operatives to harvest our broccoli. Excellent piecework rates with potential to earn up to £30 per hour and all year round work available."
Job site Indeed this week said the number of recruiters that have boosted their salaries to help plug staff shortages is up by 75%.
Robert Newbery, regional director of the National Farmers’ Union, told the Mirror: "Brexit is certainly having an impact.
"The people that could move freely within Europe before now can't."
Ranjit Singh Boporan, the owner of Bernard Matthews and the 2 Sisters Food Group, has warned of serious fallout.
He said: "There are less than 100 days left until Christmas and Bernard Matthews and my other poultry businesses are working harder than ever before to try and recruit people to maintain food supplies."
Farms and fresh produce companies are facing serious staffing shortages because of Covid and Brexit, which, combined, have restricted the number of migrant workers they usually depend on to travel to the UK for work.
To sign up for the Lincolnshire Live newsletter click here


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|By Business Wire||
|November 19, 2012 07:01 AM EST||
MEMS Industry Group (MIG), a global industry organization with more than 150 member-companies and partners, wrapped up another successful MEMS Executive Congress® US 2012, November 7-8, 2012 in Scottsdale, AZ. Fueled by double-digit growth rates and with an overall market estimated to reach US $12.5B by 20161, the micro-electromechanical systems (MEMS) industry is realizing explosive growth in consumer electronics and mobile handsets, is strongly resurgent in automotive, and is emerging as a core enabling technology in biomedical/quality of life and diverse industrial applications, including energy and transportation. A record number of attendees at MIG’s eighth annual executive conference and networking event were treated to an inside look at what’s propelling the MEMS market, and MEMS-enabled devices, forward.
“We are seeing a massive proliferation of MEMS devices across a broad range of applications: from mobile handsets, tablets and pico projectors, to health/medical monitors, automotive safety systems, the smart grid, gaming, and robotics,” said Karen Lightman, managing director, MEMS Industry Group. “This combination of rapid growth and demand for smaller, lower-power MEMS has created challenges that our industry is solving. ‘Sensor fusion’ is easing the integration of MEMS in heterogeneous systems. MEMS suppliers are making lower-power devices and are packaging MEMS in IMUs that conserve board space. And the industry is coming together to address the critical issue of MEMS standardization. At MEMS Executive Congress, we dove collectively into these and other pressing issues.”
Opening Keynote Speaker Ajith Amerasekera, director, product acceleration, High Performance Analog Business, Texas Instruments, described the criticality of power to perpetual and seamless connectivity. “As a technology that supports ubiquitous intelligence, MEMS is helping to drive advances in electronic devices. At the same time, we must consider the demands of pervasive, connected electronic applications, in terms of energy generation and management. The MEMS industry, and the larger ecosystem of which it is a part, must rise to the challenges of integrated low-power sensor technology, smaller form-factor battery and storage technology, and true energy harvesting in order to sustain what will one day be trillions of connected devices.”
Closing Keynote Speaker Robert Brunner, founder, creative director and partner, Ammunition—the innovation firm behind products from Apple, Barnes & Noble, Beats by Dr. Dre, Adobe and Lark—offered MEMS Executive Congress attendees his inclusive philosophy of product design. “Everybody in this room is a designer,” said Brunner. “Great design is developed around a vision that manifests itself in something that people find not only useful, but desirable.” Brunner further hit a chord with the audience when he stated that “while technology enables, it is design that establishes.”
MEMS TECHNOLOGY SHOWCASE
MIG’s second MEMS Technology Showcase® was yet again a highlight of the conference. Moderated by Shawn G. DuBravac, chief economist and senior director of research, Consumer Electronics Association (CEA), MEMS Technology Showcase inspired attendees to vote for their favorite MEMS-enabled product in the competition. This year’s winner, Sphero by Orbotix, is the first robotic-ball gaming device controlled with a tilt, touch or swing from a smartphone or tablet.
ABOUT MEMS EXECUTIVE CONGRESS
Now in its eighth year, MEMS Executive Congress is an annual event that brings together business leaders from a broad spectrum of industries: automotive, consumer goods, energy/environmental, industrial, medical and telecom. It is a unique professional forum at which executives from companies designing and manufacturing MEMS technology sit side-by-side with their end-user customers in panel discussions and networking events to exchange ideas and information about the use of MEMS in commercial applications.
Premier sponsors of MEMS Executive Congress 2012 include: Platinum Sponsor EV Group; Gold Sponsors Applied Materials and SPTS Technologies; and Silver Sponsors Analog Devices, Freescale Semiconductor, STMicroelectronics and SUSS MicroTec.
Event sponsors include: ACUTRONIC, Akustica, A.M. Fitzgerald & Associates, Bosch Automotive Electronics, Bosch Sensortec, Coventor, Fries Research & Technology (FRT), Global Semiconductor Alliance (GSA), IHS iSuppli, imec, IntelliSense, Kionix, Maxim Integrated, MEMS Journal, MEMS and Nanotechnology Exchange, MIPI Alliance, Movea, OEM Group, Oxford Instruments, Plan Optik, Silex Microsystems, Solid State Technology, Teledyne DALSA, Tronics, X-FAB MEMS Foundry and Yole Développement.
MEMS Executive Congress US 2012 was held November 7-8, 2012 at the Westin Kierland Resort & Spa, Scottsdale, AZ.
UPCOMING: MEMS EXECUTIVE CONGRESS EUROPE
MIG will host its second MEMS Executive Congress Europe on March 12, 2013 at the Steigenberger Airport Hotel Amsterdam, The Netherlands. MEMS Executive Congress Europe 2013 will be co-located with Smart Systems Integration 2013.
ABOUT MEMS INDUSTRY GROUP
MEMS Industry Group (MIG) is the trade association advancing MEMS across global markets. More than 150 companies comprise MIG, including Analog Devices, Applied Materials, Bosch, Freescale Semiconductor, GE, Honeywell, HP, Intel, InvenSense, Murata Electronics Oy, OMRON Electronic Components, Qualcomm, STMicroelectronics and Texas Instruments. For more information, visit: www.memsindustrygroup.org.
MEMS Industry Group, MEMS Executive Congress, MEMS Technology Showcase and the MEMS Industry Group logo are registered trademarks of MEMS Industry Group. All other product and company names are trademarks or registered trademarks of their respective holders.
1 “MEMS Market Tracker” (2012) by Jérémie Bouchaud, director and principal analyst, MEMS & Sensors, and Richard Dixon, principal analyst, iHS iSuppli.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jan. 19, 2017 01:15 AM EST Reads: 6,095
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 19, 2017 12:45 AM EST Reads: 4,688
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
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WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Jan. 18, 2017 09:30 PM EST Reads: 7,635
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
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You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Jan. 18, 2017 07:30 PM EST Reads: 3,151
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Jan. 18, 2017 06:15 PM EST Reads: 4,201
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jan. 18, 2017 05:30 PM EST Reads: 4,891
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Jan. 18, 2017 04:45 PM EST Reads: 4,601
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
Jan. 18, 2017 04:30 PM EST Reads: 4,808
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
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"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 18, 2017 02:45 PM EST Reads: 1,600
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
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"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
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The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Jan. 18, 2017 01:00 PM EST Reads: 5,114
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
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SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
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20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
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SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
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WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Jan. 18, 2017 10:30 AM EST Reads: 3,128


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2020 has been an awful year for many and it turned out to be the final nail in the coffin for the fashion industry which was going through what many called a “retailpocalype” the series of bankruptcies that had plagued the industry for years.
On the other side of the Atlantic, Nordstrom announced that it is to permanently close nearly 15% of all it’s stored across the US. In the UK, John Lewis has reported it will not open a number of stores with a lot of people expressing disappointment over the closure of the John Lewis’s flagship store in the Grand Central shopping centre above New Street train station.
Another problem facing the fashion industry is sustainability with the seemingly profitable fashion businesses, employing a fast fashion business model which recently came under fire. More than £1bn was wiped off Boohoo’s share value in two days after an article alleged that workers in a Leicester factory making clothes for Boohoo were being paid as little as £3.50 an hour.
At the core of the fashion industry’s current issues, is an over-reliance on physical first fashion and this is where digital-first fashion comes in. New companies like Thrill Digital, are creating digital renders of the physical fashion world. This includes everything from clothes, shoes, accessories, stores, fashion shows so that the fashion industry gets over it’s very wasteful nature.
This will transform the fashion industry into one that doesn’t rely on stock, but a virtual experience that means that customers interact with digital versions of fashion products first, buy them before the factory fulfils the demand and sends to the customer. This is a much more sustainable version of the fashion industry we aren’t too far away from.


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Carbar says the funding will facilitate thousands of new car subscriptions, adding diversity to Carbar’s existing fleet of cars, which have grown and to include EVs (electric vehicles).
Carbar adds it will also provide the flexibility to scale up as the business continues to grow.
Carbar has grown subscribers 20x since its last funding round in June 2019.
“The ABS facility essentially creates a new asset class for investors. They get a stable stream of return and also exposure to a highly liquid asset class,” Carbar co-founder and CEO Des Hang says.
“We fielded a lot of interest in the ABS. GCI was selected as they have built their platform on partnering with growing issuers like Carbar, offering the flexibility to scale a new facility,” Des Hang adds.
“Our specialist Asset Backed Finance capabilities and funds allow us to partner with exciting growth companies like Carbar and provide our investors with a unique exposure to emerging asset classes such as car subscription,” GCI managing director and co-founder Gavin Solsky notes.
The ABS funding couldn’t be timelier as Carbar is targeting closing a growth equity round in the coming weeks. New and existing investors are responding to fill the round.
Hang says the last round allowed them to launch in both Sydney and Brisbane, and execute many back-end technology projects to allow smoother operation and faster growth.
Hang also notes the company launched a loyalty program that rewards long-term subscribers and positions car subscriptions as a strong alternative to a novated loan.
“This next round is focused on scaling our operations in our existing markets and expanding to other key Australian cities,” Hang says. “We have to ensure we get the formula right in this market before expanding offshore.”
The pandemic has piqued interest among consumers to invest in EVs, Hang says. “Many Australians are opting for private transport over public transport. That translated into a rush of customers for our service.”
Starting from $145, car subscription includes everything except fuel—so moving to electricity is a suitable alternative as consumers try to reduce debt and ongoing costs of running a vehicle.


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The recent release of the Obama Administration’s Online privacy “Bill of Rights” and Do Not Track is heading in the right but experts worry it’s not going to be enough to protect consumers. Though it’s very early in the process, the main issues seem to come down to enforcement. While Google, Microsoft, Yahoo! and other behemoth advertising players launched AdChoices in an offensive move to demonstrate that the community of commerce can be self-regulated. Problem is this isn’t quite covering the ensuing mobile and social implications.
The Obama administration laid out a set of principles covering the basics of privacy and it does a very good job in covering off on control, transparency, context, security, access and accuracy, limited liability and accountability. Where we believe it falls short is the the definition of personal data and whether the definition truly protects consumers’ privacy and how the framework can be enforced.
As it stands now, the FTC (Federal Trade Commission) will review practices of companies who voluntarily agree to the terms, though the White House stresses that they expect Congress pass official legislation protecting the public’s online privacy and personal data. We may be months away from seeing real-world implications of the Consumer Privacy Bill of Rights.
Our readers straddle both the advertising and consumer lines, so it’s good to see that there’s a discussion around consumer privacy. Lets make sure it continues. Lets hope we all think through implications holistically and ensure there’s enforcement. With social taking off and creating a whole new universe, the implications are greater than ever.
For those who haven’t reviewed the bill of rights, CNN Money has posted it, Consumer Privacy Bill of Rights.
In the meantime, Anonymizer, Inc. wants consumers to take online privacy matters into their own hands by employing a comprehensive Internet security strategy.
The recently announced consumer Privacy Bill of Rights and the browser-based Do Not Track button are designed to protect the online privacy of consumers and to set expectations for how companies should handle personal data. Anonymizer, Inc., www.anonymizer.com claims that while these initiatives will prevent some Web tracking, they will not stop all tracking. And, they still do not necessarily prevent advertisers from collecting and selling user data.
“We’re encouraged to see the consumer Privacy Bill of Rights and Do Not Track technology, but they are still not a 100% guarantee that consumers and their personal data will be protected,” said Lance Cottrell, Founder and Chief Technology Officer for Anonymizer, Inc. “While these initiatives are steps in the right direction, they should not be relied on exclusively. Consumers must take an active role in protecting their online privacy.”
In addition to opting out of tracking, consumers should adjust their browser privacy settings, block cookies, clear old cookies, and adopt a broad Internet security strategy that includes an online privacy product that prevents activities from being tracked based on their IP address. Products like Anonymizer Universal, www.anonymizer.com/homeuser/universal, help prevent unauthorized access to personal data on Wi-Fi hotspots and keep users anonymous online while at home, at work and on the go.
For more on Anonymizer, Inc.’s views on the Privacy Bill of Rights and Do Not Track initiatives, please visit:
About Anonymizer, Inc.
As the global leader in online privacy, anonymity, and identity protection solutions, Anonymizer continues to push the envelope with products that allow consumers and organizations to remain safe, secure, and anonymous each time they go online. The company’s proprietary technologies address the needs of home users and businesses. With a pristine 15-year history of protecting customer online identities, Anonymizer’s products have set the standard in Internet privacy, and protected billions of web searches and personal communications.


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The famous whiskey brand Southern Comfort has bravely endeavored into fashion territory, releasing a pair of “drinking pants.”
The latest marketing effort is part of the brand’s greater “So Tasteful” push and the first global creative effort by the company in a decade.
The star feature of the new pair of pants is a perfectly-sized shot glass pocket that allows the wearer to always have access to the equipment they need for a quick shot of hard liquor.
“Pants today are missing a few crucial elements that would improve lives everywhere, a key one being a shot glass pocket,” said Sara Saunders, Southern Comfort’s vice president of global marketing.
This astounding find comes as a result of the detailed market research that the company conducted, according to Sanders.
The custom unisex trousers also come with a fully adjustable waistband to accommodate the ever-expanding waists characteristic for Thanksgiving feasts. While the shot glass-sized pocket is certainly the main attraction of the new Southern Comfort clothing piece, an adjustable waistband is certainly going to come in handy considering the time of the year.
After all, Christmas isn’t too far off, either.
As if all of that wasn’t enough, Southern Comfort is making the “drinking pants” reversible. Proud owners of these trousers can just pull them inside out if they don’t feel like changing clothes every day. They’ll be greeted by the polar opposite of “drinking pants,” made for special occasions — “fancy pants.”
“Fancy pants” are black, elegant and stylish, perfect for more judgmental pairs of eyes around the Thanksgiving table. The formal side of Southern Comfort’s pants will allow you to blend in seamlessly at more-than-casual events, without anyone knowing how long you’ve been sporting the “drinking” side.
Customers will be able to get their hands on a pair of “drinking pants” from November 14 at 8 a.m. EST to November 21, or while supplies last. They’ll cost $11.23 to match the evening before Thanksgiving.
Southern Comfort’s new pair of “drinking pants” is a true fashion statement, in its fullest meaning. A statement that the owner of these pants is a fun-loving person, always ready to rise to the occasion.
It’s also quite a brilliant marketing ploy and a crossover into an industry not really native to the brand, and a successful one at that.


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Amid the ever-increasing discussion around the pressing need for brands to be a force for good, P&G’s top marketer Marc Pritchard feels the need to clarify something from time to time.
“We need to be a force for growth in order to be a force for good,” he told a Spikes Asia audience on Tuesday. “Because if you're just a force for good and not growing then then that's philanthropy. And philanthropy is wonderful, but we’re a business.”
Pritchard has spelled this out before. Brands that can grow commercially can also then improve communities, equality, inclusion and the environment in a virtuous circle that consumers will recognise and expect.
But in conversation with Campaign Asia's managing director Atifa Silk, Pritchard emphasised the critical role that creativity plays in making this happen, especially in times of severe market disruption.
In a wide-ranging interview, Pritchard discussed the decline of linear media, the exponential expansion of digital media, AR, VR and the metaverse. He noted how the rise of OTT streaming services has ‘elevated their game’ on branded content, with P&G Studios creating ‘new soap operas’ for the times. He also shared gaming was an area P&G is “just jumping into in a big way” and how the melding of media and commerce has allowed P&G to do 14% of its total business worldwide through ecommerce.
“We’re going to see a lot of major changes over the course of the next years, but at the foundation is still creativity. Creativity is what drives businesses, what drives brands,” Pritchard said.
“Disruption happens everywhere. The best way to deal with disruption is to lead it,” he continued, “and do it in a constructive way that actually builds markets or makes categories bigger and that is where innovation and creativity comes in. We always have that mindset. Then we go focus on what consumers want, and figure out ways to bring things in a much more creative way.”
Citing how threats can become opportunities, Pritchard cited many examples of Asian creativity that turned potential problems into marketing wins. He noted how in Vietnam, the difficulty around pronouncing ‘Head and Shoulders’ inspired a self-deprecating local campaign (see video below) highlighting all the multitude of local name variations that dramatically increased brand equity and awareness scores, following a similar campaign in Indonesia. He also noted how in India, Gillette is reaching new audiences by giving young men tools to help them in gaming and how Pampers is opening up direct sales to early-stage parents by providing information through their Baby World app.
Pushing for progress on sustainability and DEI
But it’s in the raised expectations for brands around equality, inclusion and sustainability where Pritchard sees creativity and innovation really coming to the fore to be sure that it can deliver on its dual need for both good and growth.
To truly deliver on sustainability, Pritchard said it comes down to creating “irresistible superiority that's sustainable” in its products since consumers don't want to have to trade off performance by going green. He cites Ariel’s cold water pods as the best example of this, whereby cold water cleaning enzymes allow laundry to be washed in cold water, removing 90% of the energy usage, but also cites efforts to reduce plastic packaging.
But whether its movement on sustainable packaging or efforts to be more equal and inclusive in messaging, consumers' largest worry is that the big packaged goods makers may not be moving fast enough. Just a few months ago, Pritchard spoke candidly about P&G’s DEI progress as “still not where we need to be.”
At Spikes, Pritchard shared how P&G is pushing for equality throughout its media and creative supply chain. Gender representation within P&G is near 50-50 “at virtually every level” and the company expects agencies to do the same, though most are in “pretty good shape.” It’s behind the camera from a production standpoint where there is still work to do, he said. While the Americas have already hit their target of 50% women in production, Asia has a goal of 35% which Pritchard said they would hit this year, on their way to an ultimate goal of 50%. He credits agencies with helping P&G brands make this happen.
“When you do that, and when you have that equality behind the camera and throughout your entire creative media supply chain it allows you to do what we're intending—accurate portrayal,” said Pritchard. “We want the accurate portrayal of women and girls in our advertising. We want the accurate portrayal of all people regardless of gender, identity, race, ethnicity, sexual orientation, religion, age, whatever the case may be, and that means you have to have diversity behind the camera." He cited campaigns like Ariel’s Share the Load series. He also singled out Whisper’s campaign to destigmatise periods and keep girls in school for effusive praise.
“It’s good for business,” he said. “When people can see themselves and they can see that a brand understands me and is accurate, portraying me but not stereotyping, objectifying or diminishing me in any way, then they trust that brand.”
But bringing the conversation back to his central thesis, Pritchard suggested representation alone might not be enough to truly connect brands with consumers.
“Creativity is the thing that takes everything up to the next level. That’s what we want from our agency partners, that’s what we want from our brand teams. And I’m delighted at the work we’re seeing coming out of Asia,” he said.
(This article first appeared on CampaignAsia.com)


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Oakland, Calif.-based Edyn started selling a new, smart gardening device this week: an Internet-connected water valve that lets users irrigate their gardens or lawns automatically.
The Edyn Water Valve uses data from the company’s Edyn Garden Sensor, a soil sensor, along with local weather systems, to adjust the moisture levels in the soil. If a user wants, they can adjust their irrigation systems via the Edyn smartphone app.
Sold for $69, the Edyn Water Valve weighs less than eight ounces, is solar-powered, Wi-Fi-enabled and fits a standard garden hose. The Edyn system was designed to be small enough for use with a hose that’s connected to a kitchen sink, and a window box garden if desired.
Other hardware makers, like Rachio Inc., Koubachi AG, iConservo Inc. and the drone-tech company Parrot, are offering competing products. But Edyn has gained traction in a crowded market for gardening tech.
Its products are sold at Home Depot stores, and the company will soon be adding new brick-and-mortar retailers, Arumburu said.


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The committee will work to establish definitions, best practices and standards for the use of mobile video in marketing
New York, NY, 16 October 2012 – The Mobile Marketing Association (MMA), the leading global trade association for the mobile marketing industry, today announced, the launch of the MMA Mobile Video Committee. Anne Schelle, CEO of Acta Consulting and Executive Director of the Open Mobile Video Coalition, and Will Kassoy, CEO of AdColony, will lead the mission as co-chairs of the committee.
In the onset of increased smartphone adoption, as well as the surge of mobile video consumption and evidence of its effectiveness as a marketing tool, the MMA recognizes the need to progress the dialogue for the marketplace. The Mobile Video Committee will focus its efforts on developing guidelines and best practices for the use of mobile video advertising within traditional and digital marketing campaigns. Additionally, the group will research and review mobile video advertising practices that are currently in use across the various trade organizations, to identify and build on existing standards.
“Advertisers do not question the multi-billion dollar opportunity that mobile video offers but they are looking to the MMA to steward the dialogue and provide guidelines. As we identify standards, we can advance the mobile video platform and simplify the practice for marketers,” said Michael Becker, Managing Director, MMA North America. “Now is the time for leaders in the mobile video ad community to step forward and help simplify the transaction of business in this exploding field.”
Kassoy’s company, AdColony, already a leader in the mobile app marketplace and an increasingly dominant player in mobile video advertising across global brands, cited the exponential growth of video viewing on tablets and smartphones as a trend that is just getting started.
“More than half of tablet viewers watch video at least weekly,” Kassoy said, adding that the fast-growing devices are “primarily entertainment machines.” He added: “It is incumbent upon us who are working in this field to examine existing standards to find areas of improvement, and to develop a consistent language around mobile formats that can be leveraged by all players.”
Many mobile video experts are calling for action from marketers to integrate mobile video as a vehicle to connect with consumers, who are already deeply engaged with the channel. “From cars to clothes, and from health to the home, consumers are increasingly relying on their smartphones and tablets to guide purchases in a wide variety of product categories. Now is the time for advertisers to make a strong commitment to follow their customers as online behavior continues to migrate from PC to mobile,” said Tom Godfrey, Executive Director, Mobile Strategy, Frank N. Magid Associates. “According to our recent Mobile Content Study, 44% of US tablet owners say that tablet advertising has directly led them to buy a product or service in the last 30 days – and video advertising was among the most effective in driving action.”
As an initial step, the Mobile Video Committee has initiated a mobile video survey among MMA’s North American members to provide an overview of the mobile video ad landscape. Further efforts will identify gaps in existing mobile standards and support mobile video as a powerful marketing channel. The committee has established three task forces on Lexicon, Standards Gap Analysis and Technology Efficiencies.
The committee will include the following companies: Acta, AdColony, AdMarvel, Collective, comScore, Crisp Media, E-View Connections, GoldSpot, Greystripe, Jesta Digital, Jivox, JumpTap, Millennial Media, Mindshare, Mocean Mobile, Mogreet, Neustar, Nexage, The Nielsen Compnay, The Weather Channel, Tremor Video, Tribune Company, Turner Broadcasting, Unicorn Media, Univision Interactive, Verizon Wireless and Videology.
About the Mobile Marketing Association (MMA)
The Mobile Marketing Association (MMA) is the premier global non-profit trade association established to lead the growth of mobile marketing and its associated technologies. The MMA is an action-oriented organization designed to clear obstacles to market development, establish mobile media guidelines and best practices for sustainable growth, and evangelize the use of the mobile channel. The more than 700 member companies, representing nearly fifty countries around the globe, include all members of the mobile media ecosystem. The Mobile Marketing Association’s global headquarters are located in the United States and it has regional chapters including North America (NA), Europe (EUR), Latin American (LATAM) and Asia Pacific (APAC) branches. For more information, please visit www.mmaglobal.com. For information relating to the MMA’s Mobile Marketing Forum series, please visit www.mobilemarketingforum.com.
# # #
FOR MORE INFORMATION CONTACT:
Director of Communications, MMA
M: +1 917-558-1828


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The Australian Bureau of Statistics (ABS) announced on February 7th that the country’s trade surplus declined more than anticipated in December, due to a drop in exports, particularly mineral fuels and mining products, and a slight increase in imports.
The ABS reported that the trade surplus narrowed to A$12.24 billion in December from A$13.20 billion in November, falling short of the expected A$12.50 billion. Exports fell 1% to $57.84 billion, primarily driven by a 15.4% decrease in metal exports, while metal, coal, and fuel ore exports also contracted, impacted by weaker foreign demand and a dip in local production during the holiday season.
On the other hand, imports rose 1% to $45.60 billion in December, attributed to the growing demand for overseas travel services, according to the ABS.
The ABS’s report highlights the challenges facing the Australian economy, particularly in the export sector, which has been hit by the global slowdown and the impact of the ongoing COVID-19 pandemic.


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Official: iOS 8.4 arrives on June 30 with Apple Music. June 30 arrives iOS 8.4 with Apple Music. Availability and release date iOS 8.4 for iPhone, iPod, iPad
When did I release OS 8.4? Release date and release iOS 8.4
A few hours ago Apple officially unveiled iOS 9, the new operating system for iPhone, iPod and iPad which will arrive by the end of 2015.
In addition to iOS 9, for, Apple also announced the iOS 8.4 official release date, a small update for iPhone, iPod and iPad which basically will allow users to use the service Apple Music and I'm going to fix some small bugs and problems.
READ ALSO: (WWDC 2015) iOS 9 Official: Release date, features and supported devices
But when will OS 8.4 come out?
iOS 8.4 finally has a release date for everyone: the date set for June 30th, the same date on which the new Apple Music service.
What are the new features of iOS 8.4? NovitiOS 8.4
As anticipated, iOS 8.4 will not introduce great news.With iOS 8.4, users will be able to give the first taste of new Music app that introduces Apple Music, the new streaming music service made by Apple with the help of Beats.
For more details on Apple Music you can read our dedicated article: Official Apple Music: new streaming music service
But, as anticipated, the news of iOS 8.4 does not only concern Apple MusicThere are no significant changes to the operating system compared to what was previously seen with iOS 8.3, but we will still have to deal with small bugfixes and solving various problems.
Appointment at June 30, when iOS 8.4 will be released for all iPhone, iPad and iPod touch users.
The same day will be a new version of iTunes has also been released which will officially support Apple Music.
Are you looking for discounted smartphones? Buy them at the best price on >>> Amazon!
DO YOU WANT AMAZON MUSIC UNLIMITED FOR FREE? FIND HOW!
. (TagsToTranslate) apple (t) ios (t) ipad (t) iphone (t) ipod (t) news


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According to Overdrive, 2015 is an important year for Fiat and it has some real interesting products planned for the remaining part of the year. After the 160 PS 595 Abarth Competizione’s speculated entry in July, Fiat will be launching the more affordable Punto T-jet which has been snapped testing on our soil multiple times.
The spyshots suggest that there will not be many changes to the car apart from the 1.4 liter turbocharged T-JET motor from Linea. There are various claims for its power output but we are sure it will be a more involving driver than the 105 PS Polo TSI (another fantastic car!).
Even before the spypics, Fiat officials hinted at the T-Jet on the Punto Evo as well as the Avventura, its cross hatch sibling. From a recent report it has been revealed that the Punto T-Jet may tentatively produce 105 bhp of power and 185 Nm of torque since it will use a different turbocharger than Linea, possibly done to offer better fuel economy. There are reports of test mules running around with bigger tyres and discs on all four wheels. Overdrive claims that Fiat is considering launching the Punto T-Jet by August or September this year.
Apart from this, Jeep’s Indian entry, which was originally planned for 2014, has also been scheduled for this year by October with Grand Cherokee and Wrangler. There is also a possibility of Jeep considering the smaller Renegade for our market.


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Around 40 percent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next three to six months, says a report, even as the domestic flights resume operations after over two-month suspension due to lockdown.
Further, nearly 36 percent of such companies are likely to witness a temporary shutdown, according to the report by BOTT Travel Sentiment Tracker, in partnership with seven national associations like IATO, TAAI, ICPB, ADTOI, OTOAI, ATOAI, and SITE.
The report said that 81 percent of travel and tourism companies have lost their revenue up to 100 percent, while 15 percent of the companies have witnessed it slide up to 75 percent.
The BOTT Travel Sentiment Tracker survey was done online with over 2,300 travel and tourism business owners and company representatives across the country over a period of 10 days.
“The pandemic has hit the travel and tourism sector hard with as many as 40 percent companies facing the risk of a complete shutdown in the next three to six months, while another 35.7 percent might go for a temporary shutdown,” it said.
The survey report further revealed that 38.6 percent of travel companies are going for job cuts, and another 37.6 percent of the companies are considering the option with uncertainty looming large.
“The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it, suffering immense losses and job cuts,” the report said.
The survey has further confirmed fear that travel companies are staring at partial and complete shutdown in addition to job cuts, adjustment of the workforce in form of pay cuts, deferment of salaries, and termination of contracts.
“This is an unprecedented situation and the government should extend some relief for the survival of thousands of companies, Travel Agents Association of India President Jyoti Mayal said.
As per the survey, 73 percent travel companies have gone for adjustment of workforce, including pay cuts, deferment of salaries, termination of contracts, while 67 percent have gone for steps like the reduction of overheads.
About 49 percent are deferring their capital expenditures, and interestingly, 41.6 percent of companies are introducing new services.
Meanwhile, 78.6 percent of travel and tourism companies said they expect the Indian government to create a tourism relief fund immediately, followed by 68.2 percent who want refunds of cancellations and advances of travel agents and tour operators from airlines.
About 67.7 percent want the government to lower the applicable GST rates by five percent, and 54.2 percent and 49.3 percent of companies and professionals want a moratorium on repayment of EMIs of principal and interest for term loans for 12 months, and deferment of TDS deposit for one year, respectively.
“We will definitely withstand the crisis because we believe that it is the darkest before dawn. Hopefully, with the starting of the domestic flights this month and international flights later in June, I see light at the end of the tunnel,” Assocham Tourism Council Chairman and FAITH Honorary Secretary Subhash Goyal added.
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When To Put The Brakes On Brand Names For Kids
Whether it's Air Jordan shoes or an Apple iPhone, kids and teens often covet brand name items, especially at this time of year. Is it okay for parents to give these trendy items to their kids, and how much? Host Michel Martin speaks with James Roberts, author of Shiny Objects, and three regular parenting contributors.


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|By PR Newswire||
|January 11, 2010 05:51 PM EST||
NEW YORK, Jan. 11 /PRNewswire-FirstCall/ -- 2010 NRF CONFERENCE -- IBM (NYSE: IBM) announced today that MarineMax, (NYSE: HZO), the largest recreational boat retailer in the United States, is using IBM business analytics to streamline operational planning, improve decision-making, and enforce more consistent, collaborative information access across the company. Since implementing the solutions, the retailer has been able to cut inventory costs, improve return on marketing spending, and reduce overall planning cycles from months to just a few weeks, among other benefits.
Over the past decade, MarineMax has experienced tremendous growth. Today, the company can be found in 55 locations across the United States, with a multi-channel retail model that includes showrooms, catalogs, a call center and a full-service online presence. With this expansion came the need for stronger, more collaborative information management across the enterprise. Previously, critical data was trapped in many disparate spreadsheets and systems, making it very difficult for business leaders and frontline employees to access and share information on sales, costs and inventory.
With IBM business analytics software in place, MarineMax has benefited from significant operational efficiencies across all levels of the company. Store managers now capitalize on self-service reporting and faster access to their store performance, helping them make better decisions about their merchandising and promotions. Finance is able to enforce a more consistent company-wide budgeting process to ensure forecast accuracy, and can focus on long-term planning and strategic performance analysis. Additionally, senior executives gain a holistic, real-time view of historical, current and projected enterprise performance to ensure company objectives are always on target.
A more efficient budgeting, forecasting and analysis process was, in fact, the primary driver for the new IBM system. Prior solutions were unstable and lacked key functionality such as re-forecasting, and "what if" scenario modeling to determine the impact of business decisions. With IBM, operational units across MarineMax can now easily work together from the same numbers to build integrated budgets and plans - a process that today only takes weeks instead of months - and evaluate performance against plans.
These new-found forecasting efficiencies were especially critical in the area of demand planning. Generally, global retailers experience lead times as long as 6 to 10 months, forcing them to make substantial bets on inventory, consumer trends and economic conditions. This challenge is magnified in the world of retail boating, where inaccurate commitment planning of luxury boats can inflate inventory costs. Using IBM business analytics, MarineMax can tap into multiple years of sales history, enabling managers to better understand customer demand trends and more confidently establish future commitments, adjusting forecasts throughout the year based on sales activities.
Similar efficiencies have been experienced in the Marketing department. MarineMax participates in hundreds of key marketing and sales events every year, such as boat shows, which require considerable labor and material resources to run effectively. IBM analytics provides marketing executives stronger visibility into the true cost and return on investment of each event. By easily identifying top and bottom performing events, MarineMax can focus efforts only on those events that drive greater returns, and has reduced their annual marketing costs significantly while still maintaining industry leading market share.
IBM also underpins the company's Management By Objectives (MBO) program for employee performance, which helps employees clearly understand corporate objectives and identify their individual or team responsibilities. Using IBM technology, store managers can establish individual goals, monitor team member performance, take corrective measures when necessary, then roll information up to the store, region and company levels to quickly determine the impact on payroll.
"IBM business analytics and performance management is helping us achieve a smarter and more efficient operational model," said Jeremy Wilson, Vice President of Information Technology at MarineMax. "The company is now better able to strengthen collaboration between finance, human resources, marketing, and store operations, ensuring MarineMax remains agile in responding to market challenges, capitalizing on new opportunities and providing the best shopping experience for our customers."
In the retail world, success is premised on building customer loyalty and trust by getting the right product into the hands of the consumer at the right time. Yet every year, the retail industry loses $93 billion in missed sales due to not having the right products in stock.
"IBM analytics helps chains like Marine Max eliminate inefficiency and align supply with demand, putting them in a stronger position to better serve the new breed of empowered consumer," said Patricia Vekich Waldron, worldwide distribution sector executive at IBM.
This effort with MarineMax reflects IBM's focus on helping retailers use their information as a strategic asset. IBM recently created a new Business Analytics & Optimization services organization, with 4,000 consultants who can help clients get up and running with deep analytics capabilities, and made significant acquisitions in the analytics space such as the recent $1.2 billion acquisition of SPSS and the $4.9 billion purchase of Cognos in 2008.
MarineMax's analytics and performance management system includes IBM Cognos BI and IBM Cognos Planning, IBM Infosphere Master Data Management Server, IBM Websphere Commerce and IBM Websphere DataStage.
Headquartered in Clearwater, Florida, MarineMax is the nation's largest recreational boat and yacht retailer. Focused on premium brands, MarineMax sells new and used recreational boats and related marine products, and provides yacht brokerage services in 55 retail locations within 18 states across the country. For more information, please visit http://www.marinemax.com
Contact: David DeRosa IBM Media Relations 613-356-6033 613-796-2970 mobile [email protected]
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
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The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
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Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
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Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
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Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
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"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
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"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
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We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
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20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
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IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
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WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 7, 2016 10:30 AM EST Reads: 1,712
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
Dec. 7, 2016 10:00 AM EST Reads: 433
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 7, 2016 09:15 AM EST Reads: 7,258


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On 7 August, the blockchain platform BioCoin and payment service Robokassa announced a joint project — now Bioline you can pay in more than 50,000 online companies-partners in Russia. As the magazine ForkLog one of the founders BioCoin Boris Akimov, this agreement will be the beginning of a real revolution for the world of the blockchain.
“All owners bokonov — they bought them at the exchange or received as cashback within the loyalty system will be able to legally change them for hundreds of thousands of different goods and services. For the first time in Russia it will be possible to purchase goods and services online stores through the blockchain assets”, — said Akimov.
In fact Robokassa partners have become “forgiving” system partners loyalty BIOCON. That is, the buyer can redeem the loyalty system for any goods and services Robokassa partners.
“This site BioCoin have the opportunity to exchange Bioline as the right to claim bonus points, are recorded in the blockchain, these bonus points and have to buy food”, adds Boris Akimov.
The service Robokassa allows you to accept payments from customers via credit cards, in any e-currency, using mobile Commerce services, as well as through the Internet Bank leading banks, payments through ATMs or instant payment terminals, as well as through Apple Pay and Samsung Pay.
Recall that in may in Russia launched a co-branded edition of the crypto cards from BioCoin and Talkbank. CRYPTOCard allows you to pay for any goods around the world in rubles and BioLink.


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Nokia’s C7 shows face in London
Today was a big day for Nokia; the company took the day to show off the latest and greatest coming from the depths of their development labs. The E7 which is supposedly the new standard for business phones is indeed the feature device of Nokia World even held in London. However the company also was kind enough to show off their new C7 model and it looks pretty cool to say the least.
The new C7 is a Symbian ^3 running device and is expected to launch in Q4 of this year, so within the next few months. The Symbian rocking C7’s screen measures in at 3.5 and is indeed an AMOLED display, and provides “tactical feedback on touch display”. The screen displays resolutions of 640×360. The C7 comes equipped with an 8MP camera with dual LED flash that is capable of recording video in 720p. For storage options the C7 comes with 8GB of “mass memory” as Nokia calls it as well as micro SD space that can accommodate up to 32GB of memory. The C7 design was, according to the spec sheet designed with the “Extensive use of metal”, similar to the C6-01 that was also shown off today.
The C7 will retail for €335 and should be available soon as release time puts the device in Q4. You in or remotely interested? These new Nokia phones are sure to be a hit, as Nokia keeps on rolling though out the world rest assured they will be going nowhere in the near future. Meego is another story obviously!Nokia, Nokia C7, symbian


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brahaha. you can't make this shit up
White House officials have asked the US Energy Department to analyze the possible impacts of a ban on exports of gasoline, diesel and other refined petroleum products, an indication that the controversial idea is gaining traction in some parts of the Biden administration.news.bloomberglaw.com
Can you provide your user and password please.
Sent from my iPhone using the svtperformance.com mobile app


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The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Hello BoF Professionals, your exclusive weekly briefing is ready.
Amidst the rush of New York’s ready-to-wear shows, talk among industry insiders turned to the coming IPO of Snap Inc, owner of Snapchat, the visual messaging platform that has rocketed to popularity, not only with American teenagers but with an increasingly global user base whose average age is rising. In its S-1 filing with the US Securities and Exchange Commission (SEC), Snap Inc reported $404.5 million in revenue for 2016, up an eye-popping 600 percent year-on-year. The company also revealed that its 158 million daily users generate more than 2.5 billion Snaps per day.
Yesterday, Snap Inc slashed its proposed valuation from as much as $25 billion to $18.5 billion. But the company, which plans to list on the New York Stock Exchange in March, is still poised to raise up to $3.2 billion, making its IPO the largest for a US-listed technology firm since Alibaba’s stock market floatation in 2014.
Founder Evan Spiegel says he sees Snap Inc, not as a social media company like Facebook and Instagram, but as a “camera company.” In September, Snap released its first hardware product: a pair of camera-enabled, video-sharing sunglasses named Spectacles and sold, for now, only at itinerant vending machines called Snapbots. But Spiegel has called Spectacles a “toy” and his vision stretches far beyond this.
For the first time in history, almost everyone on the planet will soon have a camera-enabled mobile phone. “The images created by smartphone cameras contain more context and richer information than other forms of input like text entered on a keyboard,” reads Snap Inc’s SEC filing. What’s more, the company’s mission statement predicts: “In the way that the flashing cursor became the starting point for most products on desktop computers, we believe that the camera screen will be the starting point for most products on smartphones.” Just imagine when machine learning gives computers intelligent eyes, essentially turning cameras into end points for all kinds of new services based on searching, analysing and extract meaning from billions of images.
The applications for fashion are endless. For example, the camera-enabled devices of tomorrow will easily be able to identify an eye-catching handbag spotted at fashion week, bring up related styles and enable users to make a purchase then and there. Indeed, while more established platforms like Instagram have already managed to successfully mimic some of Snapchat’s features, Snap Inc’s vision for the future of cameras is much more expansive — and powerful.
In the meantime, Snap also offers fashion media companies a compelling near-term opportunity. In a distributed media reality, where content is increasingly consumed on technology platforms, challenging the business models of traditional publishers, Snap seems to understand the value of content as a key differentiator from competitors like Facebook. In fact, the company has baked content directly into the fundamental architecture of Snapchat: swipe left for visual messaging, swipe right for content.
For participating publishers, the results have been impressive. Cosmopolitan’s highly successful Snapchat Discover channel, for example, currently attracts around 42 million unique visitors per month, significantly more than the roughly 33 million uniques who visit Cosmopolitan.com each month. What’s more, Snapchat is working closely with media companies to monetise the content consumed by its users, offering a compelling economic yield, especially when compared to Facebook, which has enormous reach, but offers less attractive monetisation opportunities for media titles.
THE NEWS IN BRIEF
BUSINESS AND THE ECONOMY
Prada results add to hopes of luxury revival. The Italian fashion house reported a return to growth last month, as demand in Europe and Asia helped end over a year of declining sales. Prada, which saw annual sales fall by 9 percent in 2016, joined LVMH, Burberry and Kering in reporting sales growth in China following several years of subdued demand and a slowdown in tourism to Europe.
Kate Spade shares jump on sale confirmation. Shares of the accessible luxury brand rose 10 percent after the company confirmed it was exploring "strategic alternatives" including a sale. According to reports, Kate Spade will receive first-round bids this month. The news follows reports that both Coach and Michael Kors have expressed interest in acquiring the brand.
Trump tells retail CEOs tax overhaul is coming. The controversial US president told chief executives from retail companies including Target, J.C. Penney and Gap that he planned to submit his corporate tax proposal — including the so-called "border adjusted tax" — in the "not-so-distant future." Many retailers have opposed key elements of the proposal, as expressed thus far, which would penalise businesses with global supply chains, arguing the plan would increase prices for consumers.
New York Fashion Week wakes up to plus-size. Plus-size models Ashley Graham and Candice Huffine walked for Michael Kors and Prabal Gurung at New York Fashion Week, evidence that the US fashion industry is finally opening its eyes to the $20.4 billion plus-size womenswear opportunity. Diverse body image on the catwalk is usually limited by the fact that designers often only make very small sample garments. Kors and Gurung's latest shows prove that they are making efforts to change this.
Halima Aden styled by Carine Roitfeld in Loewe for CR Fashion Book | Photo: Mario Sorrenti
IMG signs hijab-wearing model. Halima Aden, a hijab-wearing muslim teen, has been signed by IMG Models as part of the agency's continuing prioritisation of diversity in fashion. Aden, who will appear on one of the covers of the next issue of CR Fashion Book, made her NYFW debut at Yeezy Season 5.
Peter Dundas launches own label. The former creative director of Roberto Cavalli announced he was launching his own label by dressing a pregnant Beyoncé for the Grammy Awards. Dundas told BoF he had been seriously considering starting a namesake label for several years, but there are no details yet as to when or where the collection might launch.
Diane von Furstenberg appoints co-chairman. After the abrupt departure of CEO Paolo Riva in November, Marc Menesguen, previously president of L'Oréal's consumer products division, has been appointed co-chairman of DVF. The appointment comes at a transitional period for the business, which appointed Jonathan Saunders as its first chief creative officer last May.
Giovanni Bianco Joins Vogue Italia
Vogue Italia has tapped Giovanni Bianco as brand creative director, in one of the first appointments by new editor-in-chief Emanuele Farneti, who was named as the successor to the late Franca Sozzani at the beginning of the year. In his new role, Bianco will be responsible for the graphic re-design and visual direction of the magazine. He will continue to run his creative agency, GB65.
Coach and IMG bring virtual reality runway to American malls. For its Autumn 2017 collection, Coach has partnered with IMG to allow shoppers at stores across 10 Simon Malls to experience its runway show through immersive virtual reality headsets. The announcement comes as both brands and retailers are looking for new ways to entice customers and boost footfall.
Facebook introduces TV app. The social media giant announced a new app that will let users watch Facebook videos on their smart television devices, including Apple TV, Amazon Fire TV and Samsung Smart TV. In early 2016, Facebook users were watching more than 100 million hours of video daily and the app provides another platform to sell video advertising, something the company has been pursuing for the last year.
BoF Professional is your competitive advantage in a fast-changing fashion industry. Your Professional membership comes with unlimited access to BoF’s agenda-setting journalism, Professional-only briefings like this and, coming soon, live networking events and a BoF Professional iOS mobile app.
If you are not a BoF Professional member, sign up here for unlimited access to our agenda-setting journalism, exclusive briefings and other Professional-only benefits.


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LinkedIn fatally losing Russian audience — IT watchdogBusiness & Economy September 26, 21:26
Topol ballistic missile test launched from range in Russia's southMilitary & Defense September 26, 19:59
Greek airline Ellinair ready to repatriate VIM-Avia passengers at its own expenseBusiness & Economy September 26, 19:04
Toro Rosso confirms Pierre Gasly to stand in for Daniil Kvyat for Malaysian Grand PrixSport September 26, 18:41
Russian Foreign Ministry says there is no legal ban on Iran’s missile testsRussian Politics & Diplomacy September 26, 18:38
Remote city in Russia's Arctic receives fiber optic link to InternetBusiness & Economy September 26, 18:29
US Senate Committee approves Huntsman as ambassador to RussiaWorld September 26, 18:17
Twitter pledges to move personal data of users to Russia by 2018Business & Economy September 26, 18:15
Putin relieves Russian Aerospace commander-in-chief of his dutiesRussian Politics & Diplomacy September 26, 17:57
GUANGZHOU, China, March 13, 2014 /PRNewswire/ -- As the country's most prestigious trade show, the Canton Fair has always played a key role in advancing China's economic development. With the Chinese Communist Party's recent National Congress report urging further trade reform in 2014, the event offers the perfect opportunity to promote China's progressive economic policy. The 115th installment of the three-phase event is set to kick off in Guangzhou on April 15th, and improving global economic conditions bode well for Canton Fair turnover.
According to statistics from China Customs, China's foreign trade value totaled RMB 25.83 trillion (USD $4.16 trillion) last year, a year-on-year increase of 7.6 percent. Exports and imports were both up over 7 percent. Trade with the European Union, United States and the ASEAN bloc increased across the board.
In order to sustain this growth, promote general reform, and take advantage of developing economic conditions, China must continue to push its opening up agenda, both internally and externally. It must also improve the facilitation of inward and outward investment, balance and promote domestic and foreign trade, and nurture innovation and new international competitive advantages.
China's branding strategy is integral to the country's efforts to move up the economic value chain, promoting stronger international competitiveness, and reinforcing the value of the country's "Made in China" reputation. The Ministry of Commerce and the State Council have worked together over recent years to introduce a host of policies to help Chinese companies create and enhance the value of their own brands.
The Canton Fair has always worked hard to promote brand name building. At the 113th session of the Canton Fair last year, name brands exported USD $12.92 billion worth of goods, with total value of contracts involving name brands nearly six times that of non-name brands. The 115th Canton Fair will seek to continue this trend by reassessing the allocation and design of booths, carefully selecting exhibiting companies, and offering more opportunities to foreign trade companies to advertise their increasingly valuable products.
Boasting all the usual high-level services and facilities, the 115th Canton Fair will take place in the China Import and Export Fair venue from April 15 to May 5, 2014. Organizers warmly welcome all attendees, and look forward to a prosperous and progressive 2014.
For further information please visit: www.cantonfair.org.cn
Mr. Wu Xiaoying


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Capcom announced Phoenix Wright: Ace Attorney – Dual Destinies launches on October 24. That’s right — the expert attorney shall trump injustice in a digital courtroom near you a week before Halloween. Remember: Dual Destinies launches as a 3DS eShop exclusive priced at $29.99 USD/$24.99 Euros. Capcom chose to release the latest Phoenix Wright digitally to cut time lag between the Japanese and Western releases. The U.S and EU versions also receive ‘Turnabout Return’, Dual Destinies’ additional episode, and alternate costume packs.
Source: Capcom Unity


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Larry Page, one half of the duo that founded the world’s most popular search engine, will replace Eric Schmidt as Google CEO today, seeing his co-founder Sergey Brin moving into the title of Co-Founder, with Schmidt taking his new position as Executive Chairman.
As part of the changes, announced on January 20, Schmidt has moved to concentrate on Google’s external partnerships, facilitating deals, connecting with customers and businesses, advising Larry Page and Sergey Brin internally as the company looks to go back to its startup roots.
Writing on the Official Google Blog in January, Schmidt believed Page was ready to take drive the company forward, merging technology and ideas “brilliantly”:
In this new role I know he will merge Google’s technology and business vision brilliantly. I am enormously proud of my last decade as CEO, and I am certain that the next 10 years under Larry will be even better! Larry, in my clear opinion, is ready to lead.
There has been increased speculation that Schmidt would soon leave Google, but the outgoing CEO has committed his future to Google, at least for the short term.
When Schmidt took over the role as CEO at Google in 2001, there were around 200 employees, today there are over 24,000. Page will seek to consolidate talent, tighten development projects and continue to drive Google forward, building on the success Schmidt has helped the company achieve.


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Organized by PTN Events, the goal of this conference goal was to gather diverse perspectives from thought leaders, suppliers, and industry experts to explore areas for innovation in the logistics sector
Andrea Martin, The FreightViewer Coordinator of The Cooperative Logistics Network gave a presentation in the Digital Logistics Conference 2023. The online conference that took place on 11th and 12th October served as a platform for pioneers in logistics technologies to come together and participate in discussions focused on sustainable digitization in this sector.
In this conference, Andrea Martin delivered a presentation on “Challenges and Opportunities for Freight Forwarders in Logistics 4.0.” During her presentation, Andrea Martin emphasized the significance of devising a digital strategy within the logistics sector to effectively adapt to the technological shifts occurring in the industry. She also shed light on how The Coop’s member-exclusive TMS FreightViewer plays a crucial role in assisting members with their digitization endeavours.
Moreover, she explained how wholeheartedly embracing technology will enable freight forwarders to trim costs and expedite their operations while creating novel solutions for intricate logistical problems. Furthermore, she stated how the rise of digital freight forwarders and user-friendly online platforms promises to add an extra layer of convenience and excitement to the Logistics 4.0 narrative. In her words, “This conference helped to keep people working in this sector well-informed about the latest developments in the logistics sector and also provided an opportunity to position our member-exclusive transport management software, FreightViewer, in the context of the new era where establishing a digital strategy has shifted from being optional to becoming a mandatory requirement for freight forwarders.”
The aim of the Digital Logistics Conference was to exchange valuable perspectives and crucial strategies in digitalization & e-commerce, innovation & new technologies, sustainability, and integrated shipping & logistics. With an intense 2-day agenda, the conference organized in-depth discussions to increase efficiency, and enhance safety in the logistics industry by an innovative digital strategy.


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Nostalgia has not turned into dollars to create a future for Toys R Us. There was also no effort to recruit other toy manufacturers.
A campaign by a billion dollar toy expert who pledged $ 200 million with other investors in hopes of rescuing part of the bankrupt chain has shrunk, with just $ 59,000 more in three weeks. These include three pledges of $ 1,000 each, about two dozen from $ 101 to $ 500, and the remainder for smaller amounts.
Isaac Larian, CEO of privately held MGA Enterprises, which manufactures the popular LOL Surprise dolls, said other toy companies were initially interested in joining the effort but declining. Larian, who said he would use his own money for the offer, called it disappointing and said that they were public companies considering the short term. But he said on Thursday that he still wants to bid for more than 300 stores in the US and Canada
The liquidation of Toys R Us "will have a long term impact on the toy business," he said. "The toy industry will suffer." The problems of the company have already shaken some big toy manufacturers like Mattel and Hasbro. The planned liquidation would have a greater impact on smaller toy companies, which would have relied more on the chain.
Bob Wann, CEO of private toy company PlayMonster and chairman of the Toy Industry Association trade group, expects a flurry of toy company takeovers, but says the industry will be able to recover lost sales over the next few years.
Toys R Us' efforts have been a big hit since Larian's plans to save 400 US stores or more, half of which will be liquidated in the coming weeks. Larian told the Associated Press that he would hand over a formal $ 675 million bid to the bankruptcy court on Friday to buy 274 Toys R Us stores and use the brand name. The money comes from its own coffers, other investors and bank financing. He plans, along with other investors, to provide $ 250 million for the Canadian business of 82 stores.
MGA Entertainment, which also produces the Bratz dolls and Little Tikes and has its headquarters in Van Nuys, California, has launched nearly 1
The Liquidation of Toys R Us, which threatens more than 30,000 jobs, would be the end of a company that is burdened with $ 5 billion in debt and is suffering from the shifting of flows including online shopping. A hearing before the US Bankruptcy Court in Virginia was scheduled on Thursday afternoon.