FRCH Design launches new website
Cincinnati — FRCH Design Worldwide has launched a newly enhanced website, FRCH.com, that provides visitors with easier access to the company’s design portfolio and more information about FRCH services, as well as greater insight into FRCH’s creative process and personality.
The new site, designed by Openfield Creative in Cincinnati, has enhanced functionality for visitors to view FRCH’s project work and create a portfolio targeted to their company’s specific needs.
“The new FRCH site was created with our visitors in mind,” said Peggy Kennedy, VP marketing for FRCH. “We wanted to create a site where current and potential clients could not only view our portfolio and see first-hand how we customize projects, but also see how we balance work and play within the company.”
Designed with convenience in mind, visitors can easily navigate the site to view the company’s wide scope of work from wherever they are, using a computer tablet or mobile device.
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Pricing pressure looms for Target as Walmart gets mojo back
Competing with Walmart is nothing new for Target, but what appears to be different this holiday season compared with the last few years is, to borrow a football metaphor, Walmart has eliminated its turnovers and is now showing some signs of momentum.
At least that’s what the retailer told financial analysts gathered in Northwest Arkansas last week for an all-day meeting.
So how concerned should Target be, considering its longstanding goal is to be within a few percentage points of Walmart’s prices. Well, Walmart has produced three consecutive months of positive same-store sales growth, and with third-quarter comps now widely expected to have increased after nine quarters of negative results, the only question in doubt is the magnitude of the increase and how aggressive the company gets with its fourth quarter guidance when it reports third quarter results on Nov. 15.
To make sure it maintains positive comp momentum, Walmart is undertaking an unprecedented marketing campaign this holiday season that has already begun with efforts around a resurrected layaway program. Click here and here to watch the latest TV spots.
According to chief merchandising officer Duncan Mac Naughton, the layaway ads are one component of an aggressive television ad campaign that will see the company double its share of voice this season. In addition to TV, the company plans seven tab advertisements, 10 free-standing inserts, a toy catalog, a holiday entertaining guide and an apparel guide that will be distributed in stores.
“We are very excited and very well prepared,” Mac Naugton said in reference to the holidays. “Our marketing plan for the holidays is quite significant.”
The longer-term challenge facing Target is keeping pace with a company for whom price is the core value proposition. Walmart has vowed to reduce its expense structure by 100 basis points over the next five years on top of a 50 basis point reduction the past two years and to plow the majority of those savings into lower prices.
“We are going to be more productive and invest in price,” Walmart U.S. president and CEO Bill Simon told analysts. “We believe the momentum will build momentum.”
As for prices, Simon said, we are not going to be beat. That’s not who we are.”
Former GameStop chief drops ‘interim’ from CEO title at Hancock Fabrics
BALDWYN, Miss. — Hancock Fabrics hass announced that its board of directors has appointed Steven Morgan, the current interim president and CEO and member of the company’s board of directors, to serve as president and CEO, effective immediately. Morgan will continue to serve as a member of the Company’s board of directors.
Morgan, 59, was appointed as interim president and CEO of the company in January 2011. He has been a director of the company since June 2010. Morgan was president of GameStop from 2005 to 2008 and held the position of president of North American operations at Electronic Boutiques, as well as president of EB Games – Canada, and held various senior executive roles with May Department Stores and Federated Department Stores.