E-tailers top YouGov Brand Index in U.S.
London – Two e-tailers, Amazon.com and Netflix, are the respective number one and two ranked brands in the U.S., according to the mid-year Brand Index from consumer research firm YouGov. Social video platform is the number three brand in the index, meaning the top three is made up of brands that focus on services delivered through the Internet.
More than half the cross-industry list is made up of tech players. Other retailers (or companies with a strong retail component) included in the index include Apple (No. 5), Subway (No. 6), Google (No. 8) and Lowe’s (No. 10).
Brands and outlets that promise to offer the best deals regularly make it to the top of the index, especially in western nations. In the U.S., Amazon, the retailer that slashes prices everyday – and now promises to deliver them to you in an hour – managed to maintain a very comfortable first position.
In the retail discount category, the top five brands were Amazon, Costco, Target, eBay, and Dollar Tree. In the retail clothing category, the top five brands were Victoria’s Secret, Kohl’s. Old Navy, Macy’s, and Men’s Wearhouse.
Looking at food service, the top five dining casual brands were Olive Garden, Panera Bread, Outback Steakhouse, Applebee’s and Red Lobster. And in the dining QSR category, the top five brands were Subway, Wendy’s, Chick-Fil-A, Pizza Hut, and Sonic.
Barnes & Noble to spin off education unit in August
New York – Barnes & Noble Inc. will officially spin off its education unit on Aug. 2, 2015. Barnes & Noble shareholders will receive 0.632 shares of Barnes & Noble Education stock for each share of Barnes & Noble stock they hold as of July 27, 2015.
Barnes & Noble Education will function as a separate public company and trade under the symbol BNED on the New York Stock Exchange. Barnes & Noble will continue trading on the NYSE under the symbol BKS.
In addition, Barnes & Noble will start paying a 15 cent quarterly dividend on Aug. 17, 2015. The retailer’s last previous dividend was paid in 2010.
GameStop completes geeky purchase
Grapevine, Texas – GameStop Corp. has completed a very geeky purchase. The video game chain has acquired 86% of outstanding shares of Geeknet Inc. in a tender offer that expired July 13, 2015.
GameStop Corp. purchased about 5.92 million shares for $20 per share in cash, or roughly $11.8 million. The retailer will make payment on July 17, 2015.
Following payment, GameStop will complete the acquisition of Geeknet through a merger without a meeting of stockholders. GameStop first announced its purchase of Geeknet for about $140 million in total on June 2, 2015.