GM CEO Henderson says GM's global market share has risen slightly from first halfOctober 7th, 2009 GM CEO says its global auto market has risenDETROIT — General Motors Co. CEO Fritz Henderson says the automaker's global market share has risen slightly in the third quarter versus the first half of this year.
Yum Brands authorizes $300 million in share repurchasesSeptember 30th, 2009 Yum Brands will buy back $300 million in sharesLOUSIVILLE, Ky. — Yum! Brands Inc., which operates Taco Bell, KFC and other fast-food chains, on Wednesday said will buy back $300 million in share repurchases.
Kraft says it will focus on high-margin brands to boost productivity in EuropeSeptember 9th, 2009 Kraft to focus on improving growth in EuropeNORTHFIELD, Ill. — Kraft Foods Inc.
Organic or local food? The choice is tough: studySeptember 4th, 2009 WASHINGTON - Organic foods may be healthier and may not tax the environment, but choosing them is not an easy option for consumers when the other option is locally grown foods, says a new study. Chengyan Yue, horticulture professor at the University of Minnesota-Twin Cities (UMTC), and colleague Cindy Tong investigated consumers' preferences and willingness to pay for organically grown and locally grown fresh produce.
Collective Brands plans to expand Payless shoe business with first stores in Russia next yearSeptember 1st, 2009 Payless ShoeSource to expand into RussiaTOPEKA, Kan. — Collective Brands Inc.
How consumers find authenticity in brandsAugust 25th, 2009 WASHINGTON - A new study has shed some light on how consumers find authenticity in various brands. "Consumer identity goals (or their idealized images of themselves) underpin assessments of whether a brand is authentic (genuine, real, and true) or not," write authors Michael B.
German carmaker Volkswagen says global deliveries increased 6.7 percent in JulyAugust 17th, 2009 Volkswagen global July deliveries increase 6.7 pctFRANKFURT — German carmaker Volkswagen AG said Monday its worldwide deliveries increased by nearly 7 percent in July despite the global recession that has ravaged the sector this year. The Wolfsburg-based company said sales of all brands rose to 556,900 vehicles in July, compared with 521,100 in the same month a year ago.
On the shelves: how to shop for nontoxic cleaning suppliesAugust 4th, 2009 How to shop for nontoxic cleaning suppliesSome guidelines for shopping for nontoxic household cleaning products; avoid falling victim to "greenwashing" — the marketing of conventional items as eco-friendly. For more information, see "Smart Mama's Green Guide" (Center Street, 2009), by Jennifer Taggart.
Americans now want Indian, Chinese carsJuly 31st, 2009 WASHINGTON - Every fourth new car buyer in the US is now ready to buy the next vehicle from India or China, threatening to challenge the dominance of Japanese and Koreans in the American auto market, according to a new survey. The "Opportunity for Chinese and Indian Brands in the USA" survey by AutoPacific shows that 15 percent of the new buyers would look at buying a car from China, while 11 percent would go for a car from India.
Gandhi's Swadeshi movement still motivates Indians to rebel against foreign brandsJune 16th, 2009 WASHINGTON - Mahatma Gandhi's Swadeshi movement still motivates people to rebel against global brands in India, according to a Indian Institute of Management-Calcutta researcher. Rohit Varman came to this conclusion after examining the connection between nationalism and the anti-consumption movement in India, in collaboration with Toronto-based York University researcher Russell W.
Cramped shoppers seek more varietyMay 13th, 2009 NEW YORK - When shoppers feel cramped in narrow aisles, they react by seeking greater variety in what they buy, according to a new study. Jonathan Levav (Columbia University) and Rui Juliet Zhu (University of British Columbia) built on prior research on 'psychological reactance' to study why consumers attempt to regain freedom in situations where they perceive it to be threatened.
Why some people prefer local items to global brandsApril 1st, 2009 WASHINGTON - Not everybody prefers Coke or Pepsi, for there are people who love their local beverages far better than these global brands. And now, scientists have delved into the consumers' psyche to know the reason behind this tendency.
Calling cards offer flexibility to consumers: ScindiaFebruary 2nd, 2009 NEW DELHI - Minister of State for Communications and IT Jyotiraditya Scindia Tuesday said the government has accepted the calling card proposal, which would offer flexibility to consumers to choose their carrier for making long-distance calls. 'The calling cards for both STD and ISD calls have been accepted, making it flexible for consumers to switch their carriers for long distance calls,' Scindia said at a conference here.
Consumers do not always buy what they really wantJanuary 26th, 2009 WASHINGTON - Consumers do not end up always buying the product they really want, especially when their minds are preoccupied with other tasks, according to a new study. The research, conducted by Aimee Drolet of the University of California Los Angeles (UCLA), Mary Frances Luce (Duke University) and Itamar Simonson (Stanford University) identified two factors that can lead consumers to use shortcuts (heuristics) when they make product choices.
Global beer sales downJanuary 15th, 2009 LONDON - Consumers from Latin America to eastern Europe have apparently resisted drowning their economic sorrows in a glass of beer, trading figures from SABMiller, the world's second-largest brewer, showed Thursday. The group's trading update for its third quarter up to the end of December showed that lager shipments in Europe dropped by one per cent as a result of the 'impacts of the global financial crisis on consumer disposable income.'
The decline was led by Russia, where volumes were 22 percent down, while supplies to Romania and the Czech Republic also slowed.
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