MARKETING

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WPP finds cautious firms favor ad spending

Western companies flush with cash but reluctant to commit to longer-term investments spent heavily on advertising in 2010 and especially on TV, boosting the world's biggest ad group WPP in the U.S. and Britain.

PetSmart Stock Hits New High On Q4 Results

A PetSmart Store
Shares of PetSmart, Inc. (NASDAQ: PETM) touched a new 52-week high of $43.39 on Thursday. The company reported a 20 percent growth in fourth quarter earnings on Tuesday, helped by more customer transactions and a strong holiday season.

Retailers set to beat sales forecasts

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Several top retailers posted bigger-than-expected sales gains for February, with some benefiting from rising gasoline prices that threaten to curb shoppers' spending in the coming months.
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Costco Wholesale profit rises

Costco Wholesale Corp posted a 16 percent jump in quarterly profit, boosted by strong sales during the holiday season and higher gasoline prices.
An online coupon sent via email from Groupon is pictured on a laptop screen in Los Angeles

Groupon enters China

U.S.-based discount coupon site Groupon.com has launched a group-buying site in China, called Gaopeng.com.
83rd Annual Academy Awards

Oscar advertisers reveal plans for the big night

JCPenney, Best Buy, Hyundai, and Livingsocial.com have all released a preview or description of their advertisement campaigns for the upcoming Academy Awards, hoping to create a buzz and thus earn more eyeballs during Hollywood's biggest night.
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Food prices could reach 2008 level: USDA

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.
A spa Is seen at Pezula resort in Knysna

Canadians look for high-end travel experience

There has been a significant increase of 500 percent in demand for affordable luxury brands, mainly including El Dorado and Azul Hotels, in the Caribbean and Mexico over the last two years.
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Virgin Media posts strongest full-year results

Virgin Media posted its strongest ever full-year financial results and said it expected to maintain the performance after adding a solid number of new subscribers and extracting record customer spend.
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Retail sales will rise 4 percent in 2011: NRF

The National Retail Federation said it expects U.S. retail sales to rise 4 percent in 2011, continuing a trend of improving consumer spending last year that intensified over the holidays.

Starbucks CEO invests in Groupon, gets board seat

Daily deals website Groupon said on Thursday that Starbucks Corp Chief Executive Howard Schultz had joined its board of directors and that his venture capital firm had taken a stake in the company.
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Sara Lee eyes more price increases

Sara Lee said on Tuesday it would be raising prices again on its food and beverages, which could continue to affect sales, as it struggles with soaring commodity costs.
A group of tourists on Segway personal transporters take a guided tour of Capitol Hill in Washington. Americans surveyed seemed to suggest that the economy-rattled, notoriously isolationist Americans are set to take to the road more during 2011.

Most Americans do not travel abroad

With only about 30 percent of Americans holding a valid passport, it is estimated that very few Americans travel abroad for vacation or business, according to the U.S. Office of Travel and Tourism (OTTI).
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Chrysler to boost marketing amid product push

Chrysler Group LLC plans to sharply increase its advertising spending and is on track to complete its Project Genesis restructuring and product development initiative by the end of the year, dealers and company executives said on Sunday.
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Flash crash panel mulls big market changes

Experts trying to figure out how to avoid another flash crash are considering big changes to the U.S. stock marketplace, and one is recommending special rebates during times of stress and a crackdown on off-exchange dark trading.
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As art market booms, some see the risk of bust

At the top end of the art market, the financial crisis seems a distant memory -- surging prices saw Christie's and Sotheby's post impressive 2010 results that were back to, or above pre-crisis levels.

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