Jim Sachs, partner in Harris-Sachs, LLC, will lead a roundtable discussion for the second year in a row as a part of the Roundtable Workshops series during the Licensing Expo in Las Vegas. It is the world’s largest trade show dedicated to brand, character, entertainment, fashion, and art licensing, and will run from Tuesday, June 21 to Thursday, June 23.
During his session, “In the Trenches” Selling of Licensed Products, Sachs will focus on how to market and sell a licensed product once the manufacturer has taken a license for the product. The discussion will take place Wednesday, June 22 from 10:15 a.m. to 12:00 p.m. PST.
Meredith Corp. reported fiscal 2015 earnings per share of $3.02, compared to $2.50 in the prior year, a 21 percent increase.
Excluding special items in both years, fiscal 2015 earnings per share were $3.30, compared to $2.80, an 18 percent increase. Fiscal 2015 revenues rose 9 percent to a record $1.6 billion, including 15 percent growth in advertising revenues.
A.T. Kearney China released a report on June 1, which ranked China as the top country in the Global Retail Development Index (GRDI) for the first time since 2010. China’s retail market is expected to grow to $8 trillion by 2022.
Published since 2001, the GRDI ranks the top 30 developing countries for retail investment worldwide. The Index analyzes 25 macroeconomic and retail-specific variables to help retailers devise successful global strategies to identify emerging market investment opportunities.
While Asia was an overall region winner, Latin America had three countries in the top 10 (Uruguay No. 2, Chile No. 3, and Brazil No. 8) proving it’s a strong region for retailers despite economic headwinds.
The 2015 GRDI includes a special feature on the prospects for luxury goods in developing markets. The feature includes an analysis of the 15 leading luxury brands and their presence in the GRDI’s top 30 countries. The analysis shows that emerging markets fall into three tiers of luxury development, with different implications for brands looking to enter or expand in these markets.
Click here for the full GRDI report which includes detailed commentary for all 30 countries ranked in the index.
Emerald Expositions Inc. has agreed to acquire George Little Management (GLM) from Providence Equity Partners for $335 million, subject to certain adjustments at and after closing.
GLM creates face-to-face buying, selling, and networking platforms for designers, product developers, manufacturers, retailers, and operators through more than 20 leading trade shows. These include four of the largest 100 trade shows in the U.S.
GLM’s trade shows serve industries as diverse as home furnishings, home textiles, stationery and paper products, giftware, tabletop, gourmet housewares, contemporary furniture and interiors, personal care, art and design, and e-commerce. GLM has approximately 130 employees and operates out of six U.S. offices.
The transaction is anticipated to close in January, subject to customary regulatory approvals. The acquisition will be funded with approximately $200 million of debt and a $140 million equity investment from Onex Partners III, which acquired Emerald Expositions in June 2013.
Discovery Communications and Card.com have debuted prepaid Visa and MasterCard debit cards, featuring designs from Discovery Channel series, including MythBusters. These cards are bank-issued, fraud protected, and FDIC-insured debit cards that can be used anywhere. Additionally, a user-friendly online banking experience includes bill pay, cash transfers, and provides transaction history.
Toys “R” Us has withdrawn its proposal for an initial public offering, according to filings with the U.S. Securities and Exchange Commission. The big-box toy retailer originally filed plans for an IPO on May 28, 2010 with the SEC. The company pulled the IPO on Friday due to “unfavorable market conditions, and the company’s recently announced executive leadership transition,” according to a news release.
The company had postponed its IPO in 2011 due to weak market conditions, and it has continued to struggle with weak sales. Last month, Gerald Storch announced he would step down as the Toys “R” Us CEO and chairman of the board, after joining the company in 2006 following an acquisition by investment group Bain Capital Partners, Kohlberg Kravis Roberts & Co., and Vornado Realty Trust.
On Friday, the company released its fourth quarter and full-year financial results for last year. In the fourth quarter, net sales were $5.8 billion, a decrease of $155 million compared to the prior year. For the full year, net sales were $3.5 billion, a decrease of 2.1 percent versus the prior year, driven by a comparable store net sales decline of 4.5 percent.
Photo Credit: Olsen Twins News.com
A few weeks ago, we gave you the scoop on the Kardashian Prepaid
MasterCard—a new debit card for kids backed by the Kardashian sisters. We never said it was a good idea, but as thorough journalists, we felt obliged to simply relay the facts. Well, turns out, it wasn’t a good idea. Why? Quite simply, after all the extra fees, chances are parents would have no money left to actually put on the card.
Here is a breakdown:
Cost to Run the Card: $7.95 a month. Fee to Add Money: $1. Cost Per Transaction to Pay Bill: $2. Public Outrage: Priceless.
So how does this all end? Turns out pretty easily—Kloe, Kim and Kourtney have pulled their famous name from the card.
Kim Kardashian has a pretty diverse résumé, if you want to call it that. From a sex tape to a reality TV show and several product endorsements, the girl gets around. Her latest venture includes a prepaid credit card—for kids. According to the New York Post, The Kardashian Prepaid MasterCard launches tonight at Pacha in New York and is backed by Mobile Resource.
Why should kids as young as 13 get plastic? Well, the idea behind the card is so that parents can monitor their kid’s spending amounts and habits—you can’t charge drugs. Plus, having a card at a young age with parental supervision could help kids learn responsible spending habits. Whether this is a good idea is yet to be determined.
Traditionally seen as the kickoff to spring, Easter couldn’t come at a better time this year for Americans eager to say goodbye to winter, according to the National Retail Federation’s 2010 Easter Consumer Intentions and Actions Survey. The survey, conducted by BIGresearch, found that holiday celebrants will spend slightly more this year with the average person expected to shell out $118.60, up from $116.59 last year. Total spending is expected to reach $13.03 billion.
While spending on most items will remain the same as last year, children can expect more jelly beans, flavored marshmallows and even gifts in their Easter baskets this year. The average person will spend $17.29 on candy, compared to $16.55 last year, and $18.16 on gifts, up from $17.30 last Easter. Other holiday purchases include clothing ($19.03), food ($37.45), flowers ($7.84), decorations ($6.34) and greeting cards ($6.30).
For more on this, visit this National Retail Federation’s website.
From the National Retail Federation, more cautiously optimistic news about the economy. The NRF found that February retail industry sales (excluding automobiles, gas stations, and restaurants) increased 1.0 percent seasonally adjusted over January and 1.7 percent unadjusted year-over-year.
Retail sales released today by the U.S. Commerce Department show total retail sales increased 0.3 percent seasonally adjusted over January and 4.1 percent unadjusted year-over-year.
“February could be the direct result of cabin fever with consumers eager to get some fresh air and enjoy a day of shopping,” says Rosalind Wells, Chief Economist for NRF. “We expect sales increases to continue but high unemployment and other economic factors will restrain consumers’ ability to splurge on discretionary items.”
For more on the bump, visit the NRF’s website.