Out-of-patience investors sell off Amazon
NEW YORK — Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos’ invest-and-expand strategy flooded into the stock as the company revolutionized shopping, upended the book industry and took on the cloud — even though its vast range of initiatives ate up all the company’s profits.
After all, when Amazon.com filed for its IPO 17 years ago, it was very clear: the company would post losses for the “foreseeable future” while it invested in the business to drive bigger and bigger sales. Stockholders seemed to like playing Bezos’ long game: shares more than quadrupled between 2010 and 2014 to over $400 apiece.
Dunkin’ plans ‘Croissant Donut’ – not a ‘Cronut’
NEW YORK — Dunkin’ Donuts plans to roll out a croissant-doughnut hybrid in the U.S. next week, but the company says please don’t call it a “Cronut.”
The chain tells The Associated Press it will launch its “Croissant Donut” nationally for a limited time starting Nov. 3. It comes more than a year after the Dominique Ansel Bakery in New York City introduced its now trademarked Cronut, which became a viral sensation and spawned numerous knockoffs. Last summer, Dunkin’ also introduced a croissant-doughnut in South Korea it dubbed a “New York Pie Donut.”
Toyota at top in global vehicle sales
TOKYO — Toyota kept its lead over rivals Volkswagen and General Motors as the world’s top-selling automaker in the first nine months of the year, Monday reporting record sales of 7.615 million vehicles, up nearly 3 percent from the previous year.
Volkswagen said earlier this month it sold 7.40 million vehicles for January-September, barely edging out General Motors Co. in the closely watched auto sales race. GM reported sales of 7.372 million cars and trucks worldwide earlier this month.
Get ready for Cyber Monday
Cyber Monday falls on Dec. 2 this year, and online shoppers are already working on their shopping list. How about you, small business owner? Are you ready for the busiest sales day of the year? You better be, or you’ll be missing out on sales. Here’s a check list to help you get your ducks in a row:
- 1) Your website - How easily found is your website? Think about it, the busiest sales day of the year revolves around the internet, so your website is your store and it should be looking splendid (yes, decorate it, too!). Big brands have been working for months now to make sure they show up on the top of search engine page results (SERPs), their best sellers are easily found, and their conversion process is easily completed in just a couple of clicks. If your site is clunky and not easily found, spend some time on it right now (yesterday would have been better) to improve your content, navigation and SEO. Also, it’s a good idea to spend some money on Google AdWords to help you generate more traffic to your website. Trust me, people shop online for a reason – convenience. They really don’t want to work hard to buy from you.
- 2) Stock and delivery - If you did well last year on Cyber Monday, you should expect an increase this year as consumers get more adept at using their mobile devices to shop anytime, anywhere. In fact, retailers are expecting sales growth on Thanksgiving Day (while some nap after dinner, others watch football, and many shop!), Black Friday, Saturday, Sunday, Cyber Monday and Tuesday. That’s right, six days of sales paradise! Shoppers are armed with their credit cards and primed to buy, but if you run out of stock or fail to deliver on time, your brand will suffer dramatically, so make sure you’re ready to shine!
- 3) Have a sales plan - Shoppers will be looking for the best deals they can get, so spend some time to figure out how you can be competitive. Here’s an example of a six-day promotion to consider:
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