Marketplace for Friday May 16, 2014
The co-head of Deutsche Bank told his traders to stop being ‘boastful, indiscreet and vulgar’. An interesting admission – but is it a realistic demand? Or is he really just asking them to take it offline? Plus, if you had Red Lobster on one side of the street and Olive Garden on the other, which one would you choose? And if you owned both those casual-dining chains, which would you choose to keep? Darden has decided to sell Red Lobster and revamp their Olive Garden franchise. We investigate. Also, a recent review of sales per square foot of U.S. retailers found Apple at the top of the list. Makes sense given how pricey its items tend to be. Ditto with Tiffany, which came in at No. 3. But what about the Murphy gas station chain, which came in second place? We look at how these stores ended up atop this list, and what show-rooming and online sales have meant for this kind of ranking.