Target Slows Private Label Push, Kohl’s Readies Millennials Strategy

Target is slowing its introduction of private label brands, while Kohl’s is readying a new push to attract millennial customers. “We have made a major commitment to ensure that we use our own brands to the point of differentiation, and that we bring style and quality at a great value, but the path we have been on, and the pace,

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Licensing, Particularly by Celebrities, is Playing a Key Role in Mainstreaming of CBD Oil

Brands are seizing upon the health and wellness properties of Cannabidiol (CBD) the hemp-derived oil that’s increasingly an ingredient in foods, beverages, creams and pills – to sign a growing number of licensing agreements. But the lack of clear Federal guidelines and enforcement policies in the U.S. sticks a big question mark in all discussions about where the market is headed. 

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At Housewares Show, Celebs Take Supporting Role

Celebrity- and food show-licenses were still in evidence at the International Home + Housewares Show in Chicago, but more in a supporting role rather than in the spotlight they once occupied. Housewares companies that once rushed to market without much testing are now taking a more measured approach. For example, Tristar Products is readying Emeril Lagasse Power AirFryer and grilling

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At the Housewares Show: YouTube Celebs, Videogames, Licensee Turnover

Videogame-related licenses were on display at the International Home + Housewares show in Chicago, and youth influencers such as Ryan (of Ryan Toysreview fame) and JoJo Siwa were either moving into the category for the first time or expanding their presence. Among developments we saw during the early portion of the show: Transitioning licensees In a changing of licensees, Oneida

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Ful-Steve Aoki Backpacks to Launch at Footaction Stores

Concept One Accessories’ Ful Division will launch co-branded backpacks and a waist pack with disc jockey/music producer Steve Aoki in August at 100-150 Footaction stores. The Ful-Aoki line, priced at $60-$100, is a “street” collection that also will be available at other higher end sneaker retailers, says Concept One CEO Sam Hafif. One limited-edition model, to be available through Ful.com

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Lego Posts Year-End Profit, Jakks Reports Q4 Loss

Lego’s annual net profit increased 3.5% to $1.2 billion driven by strong sales of licensed products and sharp gains in revenue in China, while Jakks registered a narrower Q4 net loss amid the lingering effects of Toys R Us’ (TRU) liquidation. Jakks’ net loss narrowed to $3.2 million in Q4 ended Dec. 30 from $30 million a year earlier amid

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Bravado Readying Print-On-Demand for ‘Peaky Blinders’

Bravado is operating a webstore and will handle print-on-demand for the British crime drama “Peaky Blinders” starting in March as the Endemol Shine Group-represented series ventures into licensed products. The pact with Bravado, which also shipped non-print-on-demand t-shirts to retailers, is part of a larger licensing program that also will include books (Michael O’Mara Books) in October and fragrances and

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Zynga Seeking Long-Term Licenses

Zynga, already developing licensed mobile games based on Harry Potter, “Game of Thrones” and Star Wars, will seek additional deals based on long-term properties that bolster its roster of original IP, CEO Frank Gibeau said at the Morgan Stanley Technology, Media and Telecom conference in New York. The game developer, best known for its “Words With Friends” and “Farmville” titles,

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J.M. Smucker Q3 Profit Declines, Takes Trademark Charge

J.M. Smucker’s net income declined 85% to $121 million in Q3 ended Dec. 30, due partly to a $107.2 million non-cash impairment charge tied some of its pet food trademarks, including Gravy Train, which is being discontinued, Smucker CFO Mark Belgya said in releasing earnings. Smucker’s pet food business, which includes recently acquired Ainsworth Pet Nutrition and its licensed Rachel

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Macy’s Cuts Executive Positions, Expands Store Formats

Macy’s is cutting 100 executive-level positions and investing in store renovations and new formats, executives said in releasing earnings. The restructuring is expected to generate $100 million in savings, a portion of which will used to renovate an additional 100 stores (it revamped 50 last year), focusing on locations that generate more than 60% of the company’s revenue. As part

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