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CommentWire
CommentWire

Food Innovation: why new is not always better

Ceaseless innovation is often seen as the lifeblood of growth in the otherwise mature and stable food and drinks industry. That was certainly the message at a recent meeting of US corporate leaders and key industry analysts. But effective innovation marries trend spotting to real consumer insight.

Published By Datamonitor
18 Feb 2003
Expert View
Expert View

Beer sales are still suffering from a recessionary hangover

Data released by the British Beer & Pub Association in October 2010 show that beer sales in the three months to the end of September were down by 10% compared to the same period last year. This is the worst quarterly rate of decline since the association's records began. Evidently consumers are still harboring a recessionary mindset, which is affecting even affordable luxuries such as beer.

Published By Datamonitor
02 Nov 2010
CommentWire
CommentWire

UK: personalized service could help insurers stand out from the crowd

A YouGov survey of consumer attitudes toward personal insurance provisions has found that consumers would be more loyal if the provider remembered them and their history. This apparent desire for personalization could help insurers distinguish themselves in the increasingly price-driven UK market.

Published By Datamonitor
10 Sep 2010
CommentWire
CommentWire

Tesco: renaming of banking division heralds a renewed attack on Britain's players

The newly christened Tesco Bank has parked its tanks on the banking world's lawn, declaring plans to offer both current accounts and mortgages to its customers, although not until the second half of 2010 at the earliest. By opting to wait up to a year or more, Tesco Bank could be missing a unique opportunity to capitalize on current consumer anger with the established banks.

Published By Datamonitor
08 Oct 2009
Expert View
Expert View

Kraft pulls iSnack2.0 name after backlash, but publicity may have done more good than harm

Vegemite, one of the most popular food brands in Australia, has been forced to scrap the ill-fitting name 'iSnack2.0' after being lambasted both by consumers and the media. Despite the widespread criticism of the name and its withdrawal, Datamonitor views the intense media debate as a boon to a brand struggling with slowing sales.

Published By Datamonitor
05 Oct 2009
CommentWire
CommentWire

SUS: insurer launches innovative cover to cater to the needs of recessionary consumers

Salisbury Underwriting Services has announced the launch of a new insurance product aimed at employees fearful of losing their job and not being able to secure one of comparable pay. The product is likely to find particular favor among consumers that are worried about job security due to the recession, and feel that their financial situation will only worsen in the months ahead.

Published By Datamonitor
19 Aug 2009
CommentWire
CommentWire

Cod farming: catering for battered fish stocks

Dwindling wild stocks make cod one product where demand severely outstrips supply. A successful start for commercial cod farming in the UK could redress the balance and also throw a lifeline to faltering salmon farmers.<BR />

Published By Datamonitor
08 Apr 2003
CommentWire
CommentWire

Sainsbury's: Five-a-day, but our way

After refusing to join the Government's scheme, Sainsbury's has decided to introduce its own new logo to help alleviate consumer confusion over what exactly constitutes "five portions" of fruit and vegetables. Retailers want to be seen as responsible, helpful and informative - offering value-added services alongside their food.<BR />

Published By Datamonitor
25 Mar 2003
CommentWire
CommentWire

Revlon: not reveling in success

Revlon registered an operating loss of $114.9 million for 2002, compared to an operating income of $16.1 million in 2001. A large part of the drop was due to a $100 million charge for its 'growth plan'. Revlon is currently in the middle of major repositioning efforts, which appear to be paying off.

Published By Datamonitor
18 Mar 2003
CommentWire
CommentWire

Consumer goods: store for war

Uncertainty about the increasingly likely US-led war on Iraq, together with continuing concerns over terrorism, are troubling consumers. This state of fear has repercussions on consumer purchasing behaviour, encouraging cutbacks on some products and the stockpiling of others.<BR />

Published By Datamonitor
11 Mar 2003

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