Organic growth best for increasing market share
Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.
Forty-four percent of the retail executives believe that it is "very likely" that their companies will enter new geographic markets in 2011. As to how they will expand, 53% said by opening new stores, 39% said through additional distribution channels (including online), and 21% said through mergers and acquisitions.
It’s not the economy. Or the cost-cutting.
Starbucks CEO Howard Schultz told Britain’s Sky.com that the chain’s focus on improving its offerings and encouraging innovation as opposed to cost-cutting and store-closings are the reasons for its turnaround.
“You can’t “cut your way to prosperity,” Schultz said. “You have to create growth and opportunity.”
Mega Bloks to launch Power Rangers Samurai toys next year
MONTREAL — Mega Brands has entered a deal with Saban Brands to develop construction toys based on the kids’ action series "Power Rangers Samurai," the latest Power Rangers franchise.
The Mega Bloks Power Rangers Samurai construction toy sets will launch in spring 2012, Mega Brands said. Mega Brands chief innovative officer Vic Bertrand said the new toys will offer fans "an engaging and immersive building experience."
New episodes of the "Power Rangers Samurai" series premiere Saturdays at noon on Nickelodeon.