CHICAGO (Reuters) – Every Friday afternoon the staff at cutting edge New York-based product development firm Quirky reviews ideas submitted by the public and voted on by its online community of consumers. Ultimately just one idea is chosen to be sold in Quirky’s online store.
“Of all the ideas submitted each week, we look at the most meaningful product we can bring to market,” said 23- year-old founder Ben Kaufman, the former teenage wunderkind who developed and sold Mophie, an iPod accessories company built on the back of suggestions from users. “It really doesn’t matter to us.”
CHICAGO (Reuters) – When Kelleher Motor Co. first opened for business in 1911, the average price of a home in the U.S. was $4,800, a stamp cost 2 cents and William Howard Taft was president.
Much has changed, but the Ellensburg, Washington Ford dealership still stands on the same site Jack Kelleher staked out more than 100 years ago. It has endured the Great Depression, two World Wars and the latest global recession, which has ravaged the automotive industry, crippling dealerships and forcing competitors – General Motors and Chrysler – to declare bankruptcy and take massive government bailouts.
happy birthday Ringo from a die-hard Beatles fan!
CHICAGO (Reuters) – Shopkeeper Greg O’Neill has personally used popular Web discounting service Groupon for deals on local Chicago eateries, but chooses not to for his own business.
Despite the huge success Groupon has enjoyed since launching three years ago – the company has sold more than 6 million coupon-type deals for various businesses, according to their website – O’Neill, who runs three upscale Chicago wine-and-cheese shops, decided it wasn’t the right avenue to boost sales.