Fifteen years ago, Cadillac was the top-selling luxury vehicle in the U.S. and it wants that title back. General Motors intends to double the brand’s U.S. sales
volume to 294,000 within the next couple of years. To do that it will introduce 10 all-new or significantly updated vehicles within the next three years, Don Butler, Cadillac's vice president of marketing told the Wall Street Journal. The brand has a steep climb ahead of it. According to the WSJ, Cadillac sold 76,229 vehicles in the U.S. in the first seven months of 2012, behind Lexus
at 126,367; BMW at 147,801 and Mercedes with 159,412......For the quarter ended July 31, Zale Corp., operator of Zales Jewelers, Gordon's Jewelers and other jewelry stores, reported a loss of $19.7 million. Sounds bad, but that’s about half of the loss of a year earlier. Revenues rose 7.9% and same store sales were up a very healthy 8.3%--the seventh straight quarter of growth in that
category......
It’s expected that U.S. regulators will loosen restrictions on advertising by hedge funds this week and Reuters says many are beginning to look at whether and what kinds of advertising they should do. Michael Mahaffy, CEO of Point Capital Aligned Wealth LLC, a hedge fund that launched earlier this year says, "We are looking to raise money, and the ability to source new investors that are beyond our traditional networks is appealing." Other funds like Whitebox Advisors LLC, Minneapolis, will be looking to establish their brand as a leader in the industry. "I am hellbent on creating a global brand and the only way to do that is through advertising," Anthony Scaramucci of
fund of hedge funds SkyBridge Capital, told the Wall Street Journal.......
The very promotional JoS A. Bank
Clothiers saw its second quarter revenues rose 12.9% and same store sales jump 6.1%. Online and catalog sales were up 39.3%. The company sees the potential for 800 stores and will
open 50 this year and next.
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