FINANCE

Family Dollar increases dividend

BY Staff Writer

New York — Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

"Our board’s decision to maintain our remarkable record of 37 consecutive years of dividend increases shows their unwavering commitment to shareholders, and the increase of 23.8% reflects our confidence in the company’s long-term growth potential," said Howard Levine, chairman and CEO.

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P.Lopez says:
Apr-10-2013 07:45 pm

Chatrandom
In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining. Chatrandom

P.Lopez says:
Apr-10-2013 07:43 pm

chatrandom
In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining. chatrandom

P.Lopez says:
Apr-10-2013 07:45 pm

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining. Chatrandom

P.Lopez says:
Apr-10-2013 07:43 pm

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining. chatrandom

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OPERATIONS

Study: Brands and retailers have most followed pages on social media

BY Staff Writer

New York — Brands and retailers have the most followed or “Liked” pages on social media, according to WSL/Strategic Retail. Nearly two-thirds (61%) of users who “Fan” social media pages, are choosing to follow brands and retailers — beating out celebrities and TV shows which are followed by just over half of users.

The finding was unveiled as part of the company’s Buzz to Buy 3.0 trend report, its third annual survey measuring how the power of Social Media and online information are impacting buying decisions.

“The new shopping mantra is ‘information is power,’” said Candace Corlett, President of WSL/Strategic Retail. “People are leveraging the abundance of technology to learn everything they want to know about products anywhere they want – be it a quick price comparison on their iPad while at the mall or in-store, or visiting Pinterest for decorating tips. The art and science of digital marketing has become essential for engaging consumers and targeting the right message to the right shopper at the right time.”

Additional findings of the report include:

  • Not so social. While the amount of time Americans spend online continues to increase (up three hours per week over 2011), social media usage has declined for the first time – down 10% in 2012 versus the previous year. Generation X, boomers and seniors are leading the change while usage by Millennials remains consistent.
  • Watch Millennials to see the future of shopping. Millennials showed the highest increase of time spent online – a full 25 hours per week (up five hours per week over 2011). In addition to relying heavily on their Social Networks for information about products they want to buy (40%), they are also the leaders in utilizing mobile phones to help them shop (63%) – resulting in a 15-point margin over Gen X shoppers.
  • Shopping gets mobile. With the rise of portable devices, shoppers are using their smartphones (42%) and tablets/e-readers (16%) to access product information and engage their friends in buying decisions while shopping in-store. In fact, mobile phones and tablets each accounted for 10% of online purchases made in the past three months. Shopping apps further increase mobile shopping activity, now ranking No. 4 among the most downloaded apps (following games, social media and music).
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News

Former L’Oréal exec to head interactive sample producer

BY CSA STAFF

NEW YORK — Former L’Oréal executive Serge Jureidini has been named CEO and president of Arcade Marketing.

Jureidini succeeds Debra Leipman-Yale, who passed away unexpectedly. He will also serve as a director on Arcade Marketing’s board of directors.

Arcade Marketing is a global developer and producer of multi-sensory and interactive sampling systems and packaging for the fine fragrance, cosmetics and personal care segments. The company is focused on expanding its global footprint, with operations now established in Brazil and China, and deepening its reach to serve the growing beauty, cosmetic and skin care segments.

Jureidini has more than 20 years of experience in the cosmetics and fragrance market segments. He spent his time at L’Oréal serving in various capacities and global geographies. Since 2008, Serge has been president of the Lancôme division of L’Oréal USA.

"I am excited to be joining an organization with such a rich heritage of innovation, quality and service that has allowed it to become the dynamic leader in its field," said Jureidini.

Arcade will look to leverage Jureidini’s global experience and brand marketing expertise to help the company achieve its business goals.

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