Why The Lingerie Industry Can’t Compete With Victoria’s Secret; Victoria’s Secret didn’t start dominating lingerie until it stopped being cheap and began focusing on the customer experience

Why The Lingerie Industry Can’t Compete With Victoria’s Secret

ASHLEY LUTZ SEP. 2, 2013, 4:37 PM 5,371 6

Victoria’s Secret is facing a deluge of competition from lingerie start-ups that seek to challenge the brand. Brands like AdoreMe, Intimint, and True & Co. are trying to seduce Victoria’s Secret customers with lower prices and more tailored selections.  AdoreMe offers direct-to-consumer lingerie at about half of Victoria’s Secret prices. Intimint asks customers to take a quiz and sends them new lingerie selections every month, based on their preferences. True & Co. sends women five bras a month, giving them the option of keeping what they like and sending back what they don’t. While these brands are consumer-friendly and creative, their business models ignore exactly what makes Victoria’s Secret so successful. In the ’90s, Victoria’s Secret used to focus on value. But the brand floundered because there was nothing to set it apart from other price-friendly brands like Hanes and Maidenform. Victoria’s Secret didn’t start dominating lingerie until it stopped being cheap and began focusing on the customer experience.  Read more of this post

‘Deeping’ food attracts consumers for its exceptionally deeper and richer taste and it is healthier at the same time

2013-09-02 18:28

‘Deeping’ food attracts consumers

By Rachel Lee


This photo shows the Davidoff Cafe Rich Aroma Instant Stick Cafe made by Davidoff Cafe, a premium European coffee maker. The coffee stick, which was first launched in 2008, has become popular again among savvy consumers for its exceptionally deeper and richer taste.

It’s different from dipping food. Consumers’ love and interest in food concepts like well being and healing has now gone further: they want deeping food. It is a type of food that is regarded healthy and has a deeper, richer taste at the same time. “Consumers have long been seeking healthy, healing food and now the taste element has been added to their interest,” said a Davidoff Cafe spokesman. Read more of this post

Purchasing Chinese goods online booming in Vietnam

Purchasing Chinese goods online booming in Vietnam

By Nguyen Thi Thuy Anh, Zhang Jianhua (Xinhua)    14:22, August 31, 2013

Like anywhere else in the world, the use of the Internet and e-commerce has flourished inVietnam, especially in the capital Hanoi.
In fact, for the past few years, the Vietnamese people have been purchasing goods online,including products from abroad.
With rapid development of commodity production with various designs and the growth ofonline websites, more and more Vietnamese people choose to buy Chinese commoditiesonline. Read more of this post

Subscription commerce companies are struggling. Here’s how to fix them

Subscription commerce companies are struggling. Here’s how to fix them


You’d think the way the media has covered subscription commerce that it’s some brand-new innovative idea that ShoeDazzle, BirchBox, or Dollar Shave Club just invented. But subscription services have been around a long time. Think of your grandmother getting milk delivered to her front porch, the paperboy tossing the daily newspaper somewhere in the vicinity of your porch, or my favorite: the weekly Charles Chips delivery. Read more of this post

Microsoft in $7 Billion Deal for Nokia Cellphone Business

September 2, 2013, 11:51 p.m. ET

Microsoft in $7 Billion Deal for Nokia Cellphone Business


Microsoft Corp. MSFT -0.45% struck a $7 billion deal to acquire Nokia Corp.’sNOK1V.HE +1.30% core cellphone business, a bold move to try to catch up in a fast-growing mobile business that is now dominated by Samsung 005930.SE -0.44% andApple AAPL -0.91% . The deal comes on the heels of announcing the planned retirement of Microsoft Chief Executive Steve Ballmer. As part of the deal for the devices-and-services business, Microsoft will bring aboard several executives who could be contenders for Mr. Ballmer’s job. Read more of this post

How Velti, One Of The Largest Mobile Ad Companies On The Planet, Lost $130 Million

How Velti, One Of The Largest Mobile Ad Companies On The Planet, Lost $130 Million

JIM EDWARDS SEP. 2, 2013, 3:34 PM 2,493 2

Until recently, Velti was one of the world’s huge mobile adtech success stories. It staged a big, early IPO in 2011, raising $150 million in cash. It had more than 1,000 employees around the world. It had an eye-popping, spaceship-like new headquarters in San Francisco. And it signed some of the biggest mobile ad deals ever seen — one client pledged a $27 million budget to the company in 2012. Business Insider even lauded CEO Alex Moukas as one of the most important people in mobile advertising. Today, the company is a disaster area. Read more of this post

Digital Technology Lets Dentists Make a Crown While a Patient Waits; The one-day crown systems are sold by Sirona Dental Systems

September 2, 2013, 4:44 p.m. ET

Are One-Day Crowns Worth the No Wait?

Digital Technology Lets Dentists Make a Crown While a Patient Waits



The E4D system includes machines for digital impressions and milling.

The Ache: Getting a crown for a weak or damaged tooth can be a big pain—and not just in the tooth. The process usually requires at least two dentist visits and a one-to-three-week wait for the crown to be made.

The Claim: Dentists say, with digital technology, they can make a crown in the office while a patient waits. The process takes only an hour or two.

The Verdict: One-day crown technology is convenient and produces durable ceramic crowns, dentists say. But there are “aesthetic limitations” to the one-day crown procedure making it a less appealing option for front teeth, says Jacinthe M. Paquette, a Newport Beach, Calif., prosthodontist.

A crown is a cap made to cover a damaged tooth. To prepare for the crown, dentists drill to remove the decayed portion and shape the tooth for the crown. Depending on the dentist and location, a traditional crown can cost $800 to $2,000 or more, and take at least two visits and a wait in between while a lab makes the crown. Read more of this post

As violence linked to the crisis in neighbouring Syria increasingly slips over the border, the Lebanese have come up with a novel way of coping: advance-warning apps

September 2, 2013 7:23 pm

Lebanon turns to apps to avoid growing violence linked to Syria

By Abigail Fielding-Smith in Beirut

As violence linked to the crisis in neighbouring Syria increasingly slips over the border, the Lebanese have come up with a novel way of coping: advance-warning apps. Smartphone applications that map gun battles and differentiate between fireworks and gunfire, offer paths around roadblocks and even contact the army in the event of kidnap are becoming a must-have for Lebanese commuters. “In other places in the world, the only thing that might obstruct your path is traffic,” said Mohammad Taha, an entrepreneur behind one of the products. “In Lebanonthere are many things that can happen.” Read more of this post

Andreessen Horowitz’s Scott Weiss On Why There Will Be 30 New Franchises In The Enterprise

Andreessen Horowitz’s Scott Weiss On Why There Will Be 30 New Franchises In The Enterprise


posted 9 hours ago

The future of enterprise software is anything but boring. Andreessen Horowitz partner Scott Weiss aptly predicted his guest post titled “30 New Franchises” a few weeks ago, there a massive opportunity to create new multi-billion-dollar enterprise franchises despite incumbents throwing massive amounts of money to acquire these franchises. These companies, such as Box and many others, are choosing to stay independent. Weiss himself should now–he sold his enterprise company IronPort Systems to one of the most well known incumbents in the space, Cisco, back in 2007. And we decided to create an enterprise panel at Disrupt SF around Weiss’ predictions, with the CEO’s of Box, Zendesk and Nebula (you can still buy tickets here). We sat down with Weiss to hear more about his theories behind “30 Franchises.” You can read the entirety of our conversation below. Read more of this post

For Samsung, Smartwatch’s Timing Counts

September 2, 2013, 7:06 p.m. ET

For Samsung, Smartwatch’s Timing Counts


SEOUL—After months of buzz,Samsung Electronics Co.005930.SE -0.59% will take center stage in Berlin to showcase its new smartwatch, a device that will bring some of the functions of a smartphone to your wrist. All eyes will be on the “Galaxy Gear” as a test of whether the South Korean company can innovate in the mobile industry. The company has been locking horns with Apple Inc. AAPL -0.91% in courts around the globe since 2011, after Apple accused Samsung of copying the design and feel of its smartphone and tablet. This time, Samsung is beating its rival to the punch in the realm of so-called wearable devices, considered by many to be a promising new frontier in consumer electronics. Read more of this post

Korean government looking to overhaul corporate pay system; Domestic companies’ wage systems are so complicated that even employees do not precisely understand how their salaries are calculated

Gov’t looking to overhaul corporate pay system

Seo Dong-cheol, Jang Jae-woong

2013.09.02 18:29:46

A survey of 1,000 South Korean companies with 100 or more staff on their payrolls showed that basic wages constituted an average of 57.3 percent of workers’ annual salary, said the Ministry of Employment and Labor Monday. Recently, Korea has seen a series of lawsuits regarding ordinary wages, with a Supreme Court trial on a case concerning ordinary wages scheduled to be held at 2:00 pm on September 5. The trial will be presided over by the chief justice, and at least two-thirds of the 13 Supreme Court justices will be seated. The thorny issue of ordinary wages is attributed to companies’ complicated wage systems that consist of various types of allowances and bonuses. Domestic companies’ wage systems are so complicated that even employees do not precisely understand how their salaries are calculated. Consequently, workers’ performance and capacity are not proportionately tied to their salaries, and corporations are saddled with diverse types of allowances. Gaining ground is the argument that the more belatedly the basic wage and ordinary wage systems will be revamped, the more difficult it will become to tackle the issues regarding the retirement age and resolving youth unemployment to improve job creation and the quality of employment. A government official said “a fundamental shift in wage systems will ease the financial burden on corporations, increase productivity and employment and improve labor-management relations.” The Ministry of Employment and Labor set up a new division and a research task force committed to establishing a more reasonable wage system with the goal of resolving the ordinary wage issue and settling the retirement age at 60 by 2016

Japan’s E-Reader Industry Struggles to Keep Up as Amazon Takes the Lead; Even though Rakuten’s Kobo had beaten Kindle to market by nearly five months, it grabbed only 33 percent of Japan’s e-reader sales

September 1, 2013

Japan’s E-Reader Industry Struggles to Keep Up as Amazon Takes the Lead



Tokyo shoppers consider e-reader options: Rakuten’s Kobo and Amazon’s Kindle.

TOKYO — When Rakuten, Japan’s leading e-commerce company, introduced its Kobo e-reader in Japan in July 2012, the company’s chief executive, Hiroshi Mikitani, presented a gift to Yoshinobu Noma, the president of Kodansha, Japan’s largest publisher. It was a T-shirt emblazoned with “Beat Amazon.” Mr. Mikitani wanted to signal that the two companies had no intention of slugging it out in a print-versus-digital fight in Japan. The alliance did little to help them defend against Amazon. Four months later, Amazon brought its Kindle e-reader to Japan. It quickly became Japan’s top-selling e-reader, gaining 38.3 percent of the market, according to the MM Research Institute, a data firm in Tokyo. Even though Rakuten’s Kobo had beaten Kindle to market by nearly five months, it grabbed only 33 percent of Japan’s e-reader sales during the same 12-month period. Sony, which had stated its goal of selling half of all e-readers by 2012, managed to hold only 25.5 percent with its devices. Read more of this post

Japan put on hold as investors await Abe’s next move

September 2, 2013 1:09 pm

Japan put on hold as investors await Abe’s next move

By Ben McLannahan in Tokyo


For a sense of how much the Japanese government frets about stock prices, take a look at the programme for Mizuho Securities’ autumn conference, beginning in Tokyo next Monday, for which about 320 foreign and 1,200 domestic investors – a record high – have signed up. The keynote speaker – on “Abenomics: the autumn siege” – is none other than Akira Amari, minister of state for economic and fiscal policy, and the right-hand man of Prime Minister Shinzo Abe. It is the first time in the conference’s six-year history that a member of the cabinet has agreed to speak. Read more of this post

Craftsman Automation: Cheap and Efficient Engineering; This diversified light engineering company has grown by adopting new ideas without worrying about following the herd

Craftsman Automation: Cheap and Efficient Engineering

by Ashish K Mishra | Sep 3, 2013

This diversified light engineering company has grown by adopting new ideas without worrying about following the herd

topimg_22389_s_ravi_600x400 Craftsman-FINAL.indd

“So, how’s business?” Ask any businessman this question and, often, you know what response to expect. “Good, very good, excellent, thank you.” But S Ravi, chairman and managing director of Craftsman Automation, said, “Not good.” He explained why: “The commercial vehicles market is looking tough and we don’t know how long it will continue like this. But tractors have done well for us. And we are in a much better position than we were at the time of the Lehman crisis.” That’s Ravi for you: Positive and realistic at the same time. His company is no different.  Read more of this post

Genesis Colors: Success Beyond Satya Paul; its scale of 30 stores is unique for the upscale end of the Indian apparel sector which is dotted with designers, many of whom are celebrities but often fail to create a successful business

Genesis Colors: Success Beyond Satya Paul

by Prince Mathews Thomas | Sep 2, 2013

Though the company is far from a one-brand wonder, Satya Paul continues to be its calling card

topimg_22375_sanjay_kapoor_300x400 Sanjay Kapoor_Final.indd

One of India’s largest fashion retailers in the premium and luxury segment is, ironically, not a familiar name to the average shopper. Ask about Genesis Colors and you are likely to draw a blank. But mention Satya Paul and you are on familiar terrain. Designer brand trumps company brand: That is the Genesis business model. Here’s how it works. Although founded in 2001, the Genesis story began in 2002 with the launch of a revamped Satya Paul. Named after the designer who created it in 1985, the brand had established itself in the Indian fashion firmament before it came under Genesis’s fold. But it was only after 2002 that Satya Paul scaled up to become, arguably, the country’s leading homegrown fashion brand in the high-end segment. And Genesis’s biggest success. It has 30 exclusive stores in India, the largest network for any domestic premium brand, and accounts for 30 percent of Genesis’s Rs 310 crore revenue (for 2012-13). The scale is unique for the upscale end of the Indian apparel sector which is dotted with designers, many of whom are celebrities but often fail to create a successful business. This segment constitutes about 25 percent of India’s premium/luxury market, worth $5 billion, says Ankur Bisen, head of retail and consumer products, Technopak, a management consulting firm.  Read more of this post

Indian Land Deform; Amid an economic crisis, Delhi makes it harder to invest

Updated September 2, 2013, 8:28 p.m. ET

Indian Land Deform

Amid an economic crisis, Delhi makes it harder to invest.

Someone should tell New Delhi that when sensible leaders talk about not letting a crisis go to waste, they mean seizing the opportunity to enact pro-growth reforms. Instead, as capital flees and growth slips again, Indian politicians last week passed a land acquisition bill that will hurt farmers, hinder investment and increase corruption. India’s current system of land laws, largely unchanged since 1894, is certainly in desperate need of a revamp. Woefully incomplete government land registries make it hard for anyone to establish a clear title to property, especially in rural areas. Attempts to buy land directly from owners can take years as the notoriously inefficient courts grapple with the resulting litigation. Read more of this post

The Malaysian Government has yet to decide which projects would be postponed to address the narrowing of the country’s current account surplus on the balance of payments and high fiscal debt

Updated: Tuesday September 3, 2013 MYT 9:19:16 AM

Government will review projects


MRT lines 1,2 and 3 unaffected and will proceed as planned

PUTRAJAYA: The Government has yet to decide which projects would be postponed, but maintained that the Mass Rapid Transit (MRT) project would proceed as planned, according to Prime Minister Datuk Seri Najib Tun Razak. He said the Government, in addressing the narrowing of the country’s current account surplus on the balance of payments, would consider carefully the public sector projects to be undertaken. Read more of this post

Why Canada’s financial news is often a thinly disguised weather report

Why Canada’s financial news is often a thinly disguised weather report

Philip Cross, Special to Financial Post | 13/08/30 | Last Updated:13/09/02 4:03 PM ET
Welcome to September, Canada’s busiest month.

The quickened pace might come as a shock to you, in your life, because you just left August where the living is easy. OTTAWA — The U.S. economy has been picking up and overburdened Canadian consumers are still spending, as are fiscally strapped governments. But that’s hardly a scenario for robust growth in this country — not without the long-promised increase in business investment and expanded exports. Read more of this post

Shareholders, Small-Town America Enemy No. 1?

Shareholders, Small-Town America Enemy No. 1?

Did greedy investors really destroy small-town America?

That’s about the only conclusion one can draw from a Washington Post article last week recounting how Endicott, New York, where International Business Machines Corp. was founded and based for many years, was gutted as the company responded to shareholders who insisted on better investment returns. It used to be a given that the interests of corporations and communities such as Endicott were closely aligned. But no more. Across the United States, as companies continue posting record profits, workers face high unemployment and stagnant wages. Read more of this post

Misconceptions About Fed’s Bond Buying

Misconceptions About Fed’s Bond Buying

To combat the recession that began in 2007, the Federal Reserve and some other central banks have been buying large amounts of long-term bonds. The novelty of this quantitative easing makes the policy especially prone to popular misconceptions.

Misconception No. 1: QE bond purchases are comparable to stimulus spending on roads and tax cuts, which adds to the national debt.

— QE actions to lower long-term interest rates require much bigger changes in the Fed’s balance sheet than conventional policy aimed at short-term interest rates. The “Q” in QE is the quantity of assets purchased — and the dollar amounts are necessarily very large. But QE is a swap of one asset (bank reserves) for another (bonds); this has no direct effect on the national debt. Indeed, QE indirectly shrinks the national debt by reducing interest payments and by strengthening economic activity, which raises tax revenue. Read more of this post

Is your bond fund quietly investing in shares?

Is your bond fund quietly investing in shares?

Some fund managers have the option to invest outside their main area of expertise. Should you be worried, asks Kyle Caldwell.

Some funds managers have been straying outside their normal markets.  Photo: JLImages / Alamy

By Kyle Caldwell

7:00AM BST 02 Sep 2013

Professional fund managers are usually endlessly upbeat whether the market is rising steadily or plunging headlong. But now – after several years of healthy stock market gains, during which world economies have not recovered as swiftly – a growing number of fund managers are admitting they can no longer see value in the markets they specialise in. In other words, prices are too high. This has led some to stray outside their normal remits – with the result that the make-up of the fund is no longer the same as when many investors first put money with the manager. Read more of this post

Larry Summers the next big risk for emerging markets? “Larry Summers is not an advocate of QE and the reality is that all things being equal, he will unwind QE fast”

Larry Summers the next big risk for emerging markets?

Published: Monday, 2 Sep 2013 | 10:58 PM ET

By: Dhara Ranasinghe | Senior Writer

Thought speculation about Federal Reserve tapering was bad for emerging markets? Then just wait to see what happens if Larry Summers is appointed as the next U.S. central bank chief, analysts say. They argue that if Summers replaces Ben Bernanke, whose second term as Fed chairman expires in January, any scaling back in the central bank’s asset-purchase program would be ramped up by the hawkish Summers and deal a further blow to battered emerging markets. Read more of this post

Clash of the Cape crusaders: The world’s leading market historians are locked in an intense debate over the true value of stocks

September 2, 2013 7:57 pm

Clash of the Cape crusaders

By John Authers

The world’s leading market historians are locked in an intense debate over the true value of stocks


Robert Shiller’s warnings about the internet stock bubble of the late 1990s, followed after a few years by a controversial – and accurate – prediction on the US housing market, earned him the respect of Wall Street and a place on the bestseller list. The Yale economist’s call on the internet boom, articulated in his book Irrational Exuberance, was based on the measure he developed called the Cape, for cyclically adjusted price/earnings multiple. The Cape, which uses earnings data going back to 1871, has gained wide acceptance as an accurate gauge of the market. Prof Shiller and the Cape are sounding the alarm once again, implying that the US market is 62 per cent overvalued and more expensive than any other big stock market. Read more of this post

Germany’s jobs record masks hidden flaws; Number of temporary workers has trebled in 10 years

September 2, 2013 2:02 pm

Germany’s gold standard jobs record masks hidden flaws

By Chris Bryant in Frankfurt

Angela Merkel has one key trump card when voters go to the polls in September: a record 41.8m Germans are now in employment. A decade after its sclerotic labour market caused Germany to be branded the “sick man of Europe”, the country is the envy of a continent only just crawling out of recession while still grappling with record unemployment in many nations But the German “jobwunder” has come at a cost – the big increase in low paid, precarious types of employment such as part-time work, temporary contracts, so-called “minijobs” and outsourcing. Read more of this post

Ireland fears the unthinkable – a Dublin property bubble

Ireland fears the unthinkable – a Dublin property bubble

Wed, Aug 28 2013

By Padraic Halpin

DUBLIN (Reuters) – Five years after a huge property crash devastated the Irish economy, prices are finally stabilising, but a booming urban market where supply is scarce and competition fierce is raising concerns about a new bubble in the capital. House prices quadrupled on a decade of easy credit during the boom years that earned Ireland the sobriquet Celtic Tiger, then fell by more than half from 2007, leading the country into an EU/IMF bailout, a costly bank rescue and leaving almost one in five homeowners behind on their mortgage payments. Read more of this post

Long-Term Jobless Left Out of the Recovery; Despite Improving Economy, Prospects Are Bleak for Millions of Unemployed

September 2, 2013, 7:15 p.m. ET

Long-Term Jobless Left Out of the Recovery

Despite Improving Economy, Prospects Are Bleak for Millions of Unemployed



For those left behind by the long, slow economic recovery, time is running out. More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years. Millions more have abandoned their job searches, hiding from the economic storm in school or turning to government programs for support. A growing body of economic research suggests that the longer they remain on the sidelines, the less likely they will be to work again; for many, it may already be too late. Read more of this post

Hayao Miyazaki, the anime director behind such classics as “Spirited Away” and “Ponyo,” has reportedly announced his retirement. Was the great Japanese animator greater than Walt Disney?

September 2, 2013, 12:18 PM

Hayao Miyazaki Retires: Was He Better Than Walt Disney?


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2001 – Studio Ghibli “Spirited Away.”

Reports that Japanese animator Hayao Miyazaki is retiring has sent anime fans into mourning. But it should also send them to their DVD collections and to iTunes to watch his work and celebrate his genius. The news about the famed filmmaker’s retirement was announced yesterday at theVenice Film Festival, where the director’s latest movie,  “The Wind Rises,” received its international premiere, Variety reported. Miyazaki reportedly will give a press conference later this week. Representatives for DisneyDIS -0.41%, which distributes Miyazaki’s movies in the U.S., didn’t respond to a request for comment. Miyazaki was often likened to Walt Disney, but such comparisons sold both animators short. Read more of this post

6 Exercises to Strengthen Compassionate Leadership




When you use compassionate communication in your conversations, something quite surprising occurs: both your brain and the brain of the person you’re talking to begin to align themselves with each other. This special bond is a phenomenon referred to as “neural resonance,” and in this enhanced state of mutual attunement, two people can accomplish remarkable things together. Why? Because it eliminates the natural defensiveness that normally exists when people casually converse. The capacity to deeply relate to others is a key to all forms of relational success–at work and at home. If you find yourself in the position of overseeing others–be they your employees or your children–remember this: leaders who give the least amount of positive guidance to their subordinates are less successful in achieving their organizations’ goals, and the employees are unhappier with their work. Indeed, by not taking an active role in dialogue and teamwork building, they generate more interpersonal conflicts within their groups. Here are 6 steps to work on to become a more compassionate leader.  Read more of this post

How Radical Transparency Kills Stress




A Utah-based research software company, Qualtrics, practices a management approach they call “radical transparency.” Details and data regarding individual and company performance–including quarterly objectives and results as well as weekly snippets of employees’ past work and future goals–are shared throughout the company of over 300 employees. This way, the company communicates information that people need to do their jobs, which is particularly critical considering the largely invisible nature of knowledge work. “We’re hiring people to think,” Ryan Smith, CEO, explains in an interview with The Motley Fool. While the creativity and amorphous nature of knowledge work makes it difficult to control, the trick is that it, in fact, shouldn’t be controlled. Instead, if you’re hiring people to think, you should be concerned with whether you’re providing favorable conditions for them to do that thinking clearly and well. Radical transparency is actually one key to creating a positive setting in order for your brain and performance to flourish. Read more of this post

Why Transparency Is Your Biggest Untapped Competitive Advantage




“Default to transparency” is one of our deepest values at Buffer and it’s been absolutely instrumental in our growth from making nothing just two years ago to making over $1 million a year today.


To us, transparency isn’t a buzzword–it’s a huge competitive advantage when everyone knows what everyone is working on and getting done. It seems obvious, right? But I’m constantly shocked by how many companies say they understand the importance of transparency but don’t make any steps to make their companies more transparent. Then I read a quote from Marc Effron, president of The Talent Strategy Group, that made it crystal clear to me why that happens, and it changed the way that I thought about transparency forever. Read more of this post

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