Wednesday, September 1, 2010

Bizmology

Bizmology

New iPods unveiled

Posted: 01 Sep 2010 01:49 PM PDT

Steve Jobs

In my technology industry coverage for Hoover’s, I see nifty new devices on a near daily basis. But when Steve Jobs makes an announcement, it’s usually worth it.

Jobs took to Apple‘s annual media event today to unveil revamped versions of every iPod it has on the market, and they all make my iPod Classic look like, well, an old reel-to-reel player. The features, if they work as promised, are pretty stunning. To wit:

  • Besides its traditional navigation buttons, the Shuffle boasts a smaller design, voice-activated playlists, and voiceover speech technology that lets you know what songs are playing. Add 15 hours of battery, 2 gigabytes of memory, and price tag of $50, and you’ve got a deal.
  • Perhaps the most revamped of the lot, the Nano gets full touchscreen capabilities, an FM radio, and 24 hours of battery life. At nearly half its former size and 42 percent lighter, this baby will set you back $150.
  • The Touch incorporates many iPhone 4 elements, including a high-res “retina” display (sounds kinda terrifying), front-facing camera for video calls, rear-facing camera for videos, and 40 hours of battery life. Your price? Up to $400 for the 16 gigabyte version.

Jobs and co. clearly have no intention of slowing down after selling 275 million iPods. He also took a little time to flesh out new plans for its flailing Apple TV offering. With its stock up nearly 3 percent, it was once again a pretty good announcement day for the Cupertino firm.

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Photo by Ben Stanfield, used under a Creative Commons license.

Organic Food Fight Pits Unlikely Foes

Posted: 01 Sep 2010 12:50 PM PDT

The granddaddy of organic and natural foods retail, Whole Foods Market, turns 30 this month and consumer interest in healthy foods has never appeared stronger. In a recent interview, CEO John Mackey said Whole Foods survived the recent economic meltdown because customers no longer see healthy food as an affordable luxury, but as an affordable necessity.

One competitor Mackey may not have anticipated is Wal-Mart and its embrace of the organic movement.  A grocery smackdown, as this piececalls it, between the two retailers over produce may not be as clear-cut as one might expect. Wal-Mart has expanded its organic and local produce offerings in recent years as it’s reached out to environmentally-aware and health conscious customers. Readers of the Specialty Food Store profile in Hoover’s First Research know that mass merchandisers are becoming powerful rivals of stores traditionally known for their healthy offerings. More than half of organic food sales now come from mass market retailers such as Wal-Mart and Fred Meyer, while natural retailers such as Whole Foods and Sprouts Farmers Markets account for nearly 40 percent of sales, according to the Organic Trade Association (OTA).

The organic renaissance boosted sales of organic fruits and vegetables by 11 percent in the US in 2009. Of all produce sold in the US, organic fruits and veggies now account for more than 10 percent, according to the OTA.

Farmers markets are also enjoying a heyday, seeing a 16 percent increase in 2009 over 2008 according to the USDA‘s National Farmers Market Directory. The US has more than 6,100 farmers markets, the most since the USDA has been tracking the industry, with Missouri, Minnesota, Idaho, and Michigan seeing the highest growth year over year in 2009. In fact, Detroit is now considered cutting edge for its plan to plant vegetable gardens on abandoned lots throughout the city.   

But if it’s 10 p.m. on a Wednesday night and you don’t want to drive to the local Mega Lo Mart, Walgreens is also carrying fresh foods at some locations as part of a program to bring food to under served areas. Pretty soon, there will be no excuses not to be eating your five a day.

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Photo by Liz West, used under a Creative Commons license.

New GM boss starts Day 1

Posted: 01 Sep 2010 08:23 AM PDT

General Motors welcomes its fourth CEO in 18 months today, as Dan Akerson officially takes the reins from Ed Whitacre at the troubled automaker. Whitacre will also relinquish his chairman role to Akerson by year end.

It’s reasonable to think that GM has finally found a chief to lead the way out of two years marked by bankruptcy, government takeover, and a heavy reliance on discounts to prevent further market share erosion. Akerson’s previous experience at Carlyle Group helped him earn a reputation as a “hard charger” and “change agent.”

“There are remarkable opportunities ahead for the new GM, and I am honored to lead the company through this next chapter," Akerson said in a release detailing the appointment earlier last month. One such opportunity will be guiding GM through its public offering of stock.

But the path forward depends on first cleaning up the trashed road behind, as Akerson will no doubt have to rejuvenate lagging brands and overcome the stigma of being an industry outsider. Needless to say, interesting times lie ahead in Detroit.

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