At this time of year, when Americans step on the post-holiday scale and wince, they often end up calling on weight loss companies to help them return to their svelte […]
Fashion accessories designer Coach, Inc. announced it appointed longtime executive Andre Cohen to president of its North America business. Cohen, former CEO of Coach China and Coach Asia, is replacing Francine Della Badia, who’s resigning in February. The leadership change coincided with an expected 20% drop in North American sales from the previous year. Other management changes include the departure of global marketing and strategy head Stephanie Stahl. She will be succeeded by digital strategy executive David Duplantis.
January 19, 2015
In an update last week, D&B Editor Diane Ramirez discussed how Purdue University‘s revenue increased 1% in 2013 to $1.5 billion as a result of higher student fee rates and a rise in federal grants; however, those increases were partially offset by a decline in county grants as well as an overall decline in student enrollment. Net income also skyrocketed 67% to $227 million that year as investment returns increased. The Boilermakers’ primary sources of income include student tuition and fees. The school also attracts more than $450 million in research funding each year from a variety of sources including government agencies, foundations, and corporate partners. Follow Diane on Twitter.
January 26, 2015
The number of hotels that require guests to pay for Internet service is declining as more consumers regard Wi-Fi as a necessary amenity rather than a luxury add-on. Only 11 percent of US hotels still charge fees for basic in-room web access, compared to 23 percent in 2012, according to a new survey by the American Hotel & Lodging Association. A 2014 hotel survey found that hotel guests now consider free Wi-Fi to be the most important in-room amenity, ranking it ahead of showers, TVs, and air-conditioning. For more industry trends, see our Hotels, Motels & Resorts industry profile.