Apple customers are confused whether Apple will continue with its "Back to School"
promotion.
2006 was the year when Apple Inc. decided to roll out a “Back to School” campaign that was targeted to students and teacher both. The company continued to go forward with this campaign year after year. This program basically allowed teachers and students to avail discounts on certain Apple Products by the start of the month when schools were about to start their new term. Since the past two years, the company made this announcement on July 6. However, many Apple customers were disappointed when the company did not announce about its promotion this year.Many students and teachers were actually waiting for this promotion to buy Apple products. However, two weeks have passed since July 6 but consumers are still wondering whether Apple will actually have a back to school promotion sale this year or not. The company has been getting several queries on forums and comment boards where they are asking the company regarding this promotion although no official response has been governed by the company. So at this point the only thing buzzing around regarding this promotion are rumors and speculations.Previously, when the company announced this promotion, users who bought an Apple iPhone, iPad or Mac were awarded a gift card that worth $50 to $100. Earlier, the deals were coupled with incentives like the purchase of Mac resulted in a free iPod. However in FY11, the company chose to come up with gift cards.At this point, customers are in dismay since now they believe that Apple is not continuing with its promotion since no official announcement has been made by the company in this regard. On the other hand, Angela Ahrendts, the Senior Vice President of Retail at Apple stated that information regarding sale will be unveiled in the form of a video that will soon be pushed to their retail employees in the days to come. So this means, that the promotion is likely to take place in the times to come but with certain amendments. Employees have been acknowledged that information regarding the promotion will be provided to them in the coming week.Ms. Ahrendts mentioned in a recent video, “I’m sure many of you are thinking also ‘but is there anything else for Back to School’? Well, I need you to wait until next week’s video and I’ll share a little bit more insight with you then.”So now there is still hope and Apple users need not worry since the company has plans for its “Back to School” promotion.
Retail pharmacy receives weak planning commission response from city’s comprehensive land use plan in Racine.
CVS Health Corp. (NYSE:CVS) has got itself involved in a court battle to keep its downtown pharmacy on lease in Main Street of Kansas City, as it filed a lawsuit at a County Circuit Court in Jackson against the landlord, Commerce Tower Group. It is seeking the injunction to prevent the latter from terminating its lease agreement without providing any grounds for a proper cause. This comes amidst the Commerce Tower Group counter claim that the healthcare company previously defaulted on the lease based on allegations that the latter had failed to maintain its premises.
The Main Street property has been housed by retail drugstore chain since the early 1950’s. In 2006, the retail pharmacy company acquired a small retail store Osco, after which CVS proposed to merge its downtown location with the one located at Independence Avenue. The public did not take it down well, and after much pressure, it dropped the plan and instead decided to push ahead with a $2 million upgrade and remodeling store in 2007.
In response to those allegations, CVS investigated and discovered that the deterioration of premises was caused by ordinary wear and tear in the 50-year-old building, but Michael Knight, a partner in the Commerce Group, stated that the property is in a horrible shape and CVS is in default of its lease.
A hearing on the lawsuit is scheduled to be held in the Jackson County Circuit Court this week but has been postponed till the end of the current month. Meanwhile, Sean O’Byrne, vice president of business development of the Downtown Council, is mediating between both companies.
Meanwhile, the healthcare company is facing another bureaucratic hurdle following the Racine Plan Commission’s not-so-overwhelming vote to the City Council to amend the city’s comprehensive land-use plan for more intensive business usage at the location of Ohio Street and Washington Avenue.
The pharmacy is going to swim through many city approval processes for the past several months for the construction of more than 13000 square foot pharmacy store on more than 4 acres at the southeastern corner of the intersection.
CVS filed the application in late November last year. The commission sent a recommendation to the City Council not to go for any changes in the city’s land use plan but was ignored in April this year. The council sent that plan back to the commission. The proposal was proved controversial due to traffic concerns, as well as the impacts on the neighborhood, and much more.
Now Matt Sadowski, City Assistant Director of City Development, says that once the new plan reaches the Councilman, a three-quarter vote may be required, since owners of the properties openly oppose the proposed development and even have filed a petition against it.
CVS Health Corp’s stock price ended the day at $104.85, a minute gain of 0.04% the previous day.
The beverage making company has shown some evident struggles on the stock index lately while the analysts remain bullish over the firm's stock.
Coca-Cola Company has recently been covered by a number of equity analysts. Despite the fact that the beverage firm has been experiencing some difficulties in the industry keeping in mind the changes in the demand of the users, the management of the fizzy drink making firm has now handling the company’s problems in a commendable manner which has helped it to step back on the short comings that took their toll before. There are around twenty five equity firm analysts who are of the opinion that the coke makers should be granted a ‘buy’ rating for the shares, whereas eleven analysts firms are those who have given a ‘hold’ to the shares of the company.On the other hand, Coca-Cola has been undergoing many new plans lately which have made the investors know one thing for sure and that is that the firm has no plans of backing down to the increasing competition in the market. If seen on a consensus level, the healthy milk drink producing firm has also managed to secure an ‘overweight’ rating along with a price target of $44.74 per shares.As per the recent news, it will also be seen that Coca-Cola has decided to make a huge investment of around $500 million in a communication business that will further be providing high technology communication services to those parts of the world which are less developed. This project is being initiated mainly for rural areas where the communication service is seen to be in an unsatisfying state. The services that will be provided through the networking system will mostly include broadband systems for those areas in the developing and under developed countries where the internet services, as well as basic services to communicate, are not present.Furthermore, it will be seen that the energy drink makers have been witnessing an unexpected decline in the share price falling by a massive 12.44 percent from the 52 week high price of the shares that has been recorded on the stock index. The sports drinks makers have also reported price to earnings ratio of around 24.78. As for the market cap value of the non-alcoholic drinks making company, the value has been recorded at around $171.73 billion.Moreover, the short interest shares of Coca-Cola have totaled to come around at $33.76 million which has also shown a tendency of going towards the upward direction. This upheaval has been reported to have taken place by around 16 percent as compared to the previous month that the firm went through.
