Lululemon sets new direction, but will it pay off?
Written by Bertrand Marotte written on March 24th
http://www.bnn.ca/News/2014/3/24/Lululemon-sets-new-direction-but-will-it-pay-off.aspx
When the clothing line Lululemon came out with stylish, high quality sports clothing people really seemed to love their product. They quickly raised in sales and became very popular and very quickly. However recently Lululemon lost a lot of popularity and credibility when they came out with transparent yoga pants. The defense of the company was that people were not buying the right sizes for their body. Either way Lululemon lost many buyers because of this. They have trouble keeping up with Nike and Under Armor because they offer more variety at a better price. Although the article doesn't go into great detail about this new direction, they spoke about expanding into Europe and briefly discuss that they expect sales to be lower than expected.
Companies and businesses often face a blonder at one point or another but it is how they try to improve and gain back their fans that show character within the market. I think it is great that Lululemon is trying to improve rather than call it quits.
Tuesday 25 March 2014
Tuesday 18 March 2014
Tax season is near
Not all business people hate taxes - but just try to get them to admit it
Publishes on March 16 By Don Pitt
http://www.cbc.ca/news/business/taxes/not-all-business-people-hate-taxes-but-just-try-to-get-them-to-admit-it-1.2571020
People tend to think that everyone hates taxes. According to this article on CBC that might not be true. Taxes helps strengthen the economy and most people, especially business owners do not mind paying them. An interview in the article includes a small business owner who speaks about enjoying paying taxes because it keeps Canada together.
Of course not all people enjoy paying taxes however from what I have read, rather than people speaking up and talking about how they do not enjoy paying taxes people would rather just not talk about it. The reporter that interviewed people he found that some people refused to talk about any negative aspects of taxes. Perhaps people forget the healthcare and the services that are made possible by taxes. Maybe people are forgetting that Canada has one of the lowest taxes in the world.
As a business student I see that the health of the economy is very important to everyone and effects everyone. I appreciate all of the services and benefits that come alone with it and I am glad business owners see this.
Publishes on March 16 By Don Pitt
http://www.cbc.ca/news/business/taxes/not-all-business-people-hate-taxes-but-just-try-to-get-them-to-admit-it-1.2571020
People tend to think that everyone hates taxes. According to this article on CBC that might not be true. Taxes helps strengthen the economy and most people, especially business owners do not mind paying them. An interview in the article includes a small business owner who speaks about enjoying paying taxes because it keeps Canada together.
Of course not all people enjoy paying taxes however from what I have read, rather than people speaking up and talking about how they do not enjoy paying taxes people would rather just not talk about it. The reporter that interviewed people he found that some people refused to talk about any negative aspects of taxes. Perhaps people forget the healthcare and the services that are made possible by taxes. Maybe people are forgetting that Canada has one of the lowest taxes in the world.
As a business student I see that the health of the economy is very important to everyone and effects everyone. I appreciate all of the services and benefits that come alone with it and I am glad business owners see this.
Tuesday 11 March 2014
Business Reflection
Apple's iPhone recycling program expands to Canada
CBC.CA
Author unknown
Posted March 10th 2014
As we all know Apple products are very pricey. An iPhone 4 can be priced at over $500, making it unaffordable to many consumers. Up until recently Apple stores did not offer the recycle program in Canada. However people can now trade in their iPhone for store credits up to $275. When you trade in your phones, the store reps will then determine what credit they will give you depending on quality then the phone is sent elsewhere to be refurbished. In some cases the phone will already be in good enough shape to sell.
It was not until recently that Canada had this option. Although Canada has had Apple stores for sometime now. Which can mean Apple is seeing us as a large group of consumers and we will get the same benefits as USA. And of course it is always nicer to save money on higher end products. Many people choose to buy games at stores that offer trade in store credit because its a win win and now Apple can enjoy the benefits as well.
CBC.CA
Author unknown
Posted March 10th 2014
As we all know Apple products are very pricey. An iPhone 4 can be priced at over $500, making it unaffordable to many consumers. Up until recently Apple stores did not offer the recycle program in Canada. However people can now trade in their iPhone for store credits up to $275. When you trade in your phones, the store reps will then determine what credit they will give you depending on quality then the phone is sent elsewhere to be refurbished. In some cases the phone will already be in good enough shape to sell.
It was not until recently that Canada had this option. Although Canada has had Apple stores for sometime now. Which can mean Apple is seeing us as a large group of consumers and we will get the same benefits as USA. And of course it is always nicer to save money on higher end products. Many people choose to buy games at stores that offer trade in store credit because its a win win and now Apple can enjoy the benefits as well.
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