The Exchange
  • Smartwatches: Wave of the Future or Over-Hyped Failure-in-Waiting?

    By Kevin Chupka

    It wasn't long ago that many were declaring the wristwatch dead, killed by the rise of cellphones. The logic: Why would you need a time-tracker on your wrist when you have a smartphone that provides this service – and so much more?

    According to sales data from NPD Group, in the two-year period from 2008 to 2010, casual watch sales in the 18-24 demographic fell a whopping 29%, even as overall growth was at 4%. Given this downtrend in sales to an emerging generation of consumers, it might seem counterintuitive that all the big tech companies have either announced plans to release a “smartwatch” or are at the center of rumors about them.

    The Wall Street Journal recently reported that Microsoft (MSFT) would enter the space with a Windows watch. Microsoft joins the likes of Google (GOOG), Apple (AAPL) and Samsung, who, according to speculation across the industry, are all in some stage of development regarding smartwatches.

    The idea is not new. Sony (SNE), Casio, Timex and

    Read More »from Smartwatches: Wave of the Future or Over-Hyped Failure-in-Waiting?
  • In a hearing on the budget and health care last week, Sen. Max Baucus (D., Mont.), chairman of the Senate Finance Committee, voiced a sentiment that should resonate with a broad swath of the American population. He told Secretary of Health and Human Services Kathleen Sebelius that Americans, and small businesses in particular, have “no idea what to do” when it comes to health reform.

    “I just see a huge train wreck coming down,” Baucus said. “You and I have discussed this many times, and I don’t see any results yet.”

    For both consumers and business owners, in the months leading up to the implementation of several key provisions of the Affordable Care Act, confusion and misinformation reign.

    Some big-name companies have gained attention over the past year by cutting workers’ hours as a response to Obamacare. Starting in 2014, under the legislation, employers with 50 or more full-time employees could face penalties if they don’t make affordable coverage available to full-time workers,

    Read More »from Business Owners Confused as Ever by Obamacare
  • Burger King's (BKW) first quarter was a mixed one on the headline numbers, but factoring in its business restructuring and its sales-day counts helped put the results in a better light.

    Burger King restaurant: Credit AP The Miami-based hamburger seller said Friday that it earned $35.8 million, or 10 cents a share, in the first quarter, up from $14.3 million and 4 cents a share last year. Adjusted earnings were 17 cents a share, as analysts expected. Operating expenses were down sharply, by $260.5 million, as fewer restaurants were company owned, which boosted profitability.

    Revenue, at $327.7 million, fell 42.5% from last year, though that's a direct result of the company selling some of the stores it owned to franchisees through a program that's still ongoing. The top line exceeded estimates of about $305 million, according to FactSet. (The full results for the quarter can be found here.)

    Burger King's same-store sales, the measure that compares sales at stores open for around a year, fell 1.4%. This was partly

    Read More »from Burger King: Economy Dents Comp Sales, but Profits Jump
  • The U.S. Patent and Trademark Office this week gave a “preliminary no” to Vermont-based folk artist Robert Muller-Moore regarding his efforts to protect his “Eat More Kale” T-shirt business. This ruling is based on Chick-fil-A's claims that the “Eat More Kale” phrase is too similar to its trademarked slogan, “Eat mor chikin.”

    The legal fight over the “Eat More Kale” trademark between Muller-Moore and Atlanta-based Chick-fil-A Inc. has been going on for several years. Muller-Moore has been selling T-shirts and other items with the phrase for more than a decade. A local vegetable farmer asked him to create three shirts with the phrase, and Muller-Moore continued with the sales as a tribute to local farming.

    He hadn't even heard of Chick-fil-A until the company contacted him. Chick-fil-A tried to stop him after first finding out about the sales in 2006 but then gave up the fight.

    That is, until Muller-Moore filed for trademark protection in early 2011. In October 2011 Chick-fil-A sent a

    Read More »from ‘Eat More Kale’ Company Is Losing Against Chick-Fil-A in Trademark Battle

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(655 Stories)
 
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