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Communications & New Media Sept. 2015 I Vol. 29 No. 9 September 2015 | www.odwyerpr.com Vol. 29. No. 9 Sept. 2015 EDITORIAL PR CONGLOMERATES Investing in the personal SLOG THROUGH Q2 economy. 6 18 Revenues at the major marketing conglomerates inched up in the second quarter, setting the stage 32 CHARGED AFTER for growth in 2015. NEWSWIRES HACKED Authorities have broken up a glob- 8 PEOPLE IN PR al fraud scheme that hacked into three major newswires and reaped 12 $100 million in profits since 2010. 20 PROFILES OF BEAUTY THE DO’S AND DON’TS OF AND FASHION PR FIRMS INFLUENCER RELATIONS 22 Tips on how influencer relations 9 can be used as a revenue generat- ing resource for your client. RANKINGS OF BEAUTY AND FASHION PR FIRMS BACK-TO-SCHOOL GETS 29 A+ MARKETING 14Cover photo by Michael O’Shea Thanks to mobile and social me- 10 WASHINGTON REPORT dia, the ways in which students WWW.ODWYERPR.COM and parents participate in back-to- 32 Daily, up-to-the-minute PR news school shopping have evolved. TOURISM EMERGES AS columns TOP FASHION VENUE PROFESSIONAL DEVELOPMENT Designers have led the charge for 12 30 Fraser Seitel pairing fashion with destinations. As a result, tourist attractions are quickly becoming the new runways. FINANCIAL MANAGEMENT 31 Richard Goldstein THE GROWING TREND OF ANDROGYNOUS FASHION PR BUYER’S GUIDE Consumers and marketers have re- 14 34 cently turned a greater attention to the booming world of LGBT fashion. EDITORIAL CALENDAR 2015 January: Crisis Comms. / Buyer’s Guide July: Travel & Tourism WHAT A CLIENT’S IPO February: Environmental & P.A. August: Financial/I.R. MEANS TO ITS PR TEAM March: Food & Beverage September: Beauty & Fashion Why brands should monitor tradi- 16 April: Broadcast & Social Media October: Healthcare & Medical tional and digital media channels May: PR Firm Rankings November: High-Tech to determine how they’re being June: Global & Multicultural December: Entertainment & Sports perceived. ADVERTISERS Allidura Consumer...................................................................................19 Marketing Maven......................................................................................7 Beautiful Planning Marketing & PR...........................................................11 Media Max.................................................................................................5 Bob Thomas Productions...........................................................................8 Omega World Travel................................................................................27 Cision.......................................................................................................3 Peppercomm..........................................................................................17 Kaplow.................................................................................BACK COVER RED PR..................................................................................................13 Log-On...................................................................................................21 Strauss Media Strategies...........................................................................9 Makovsky..........................................................................INSIDE COVER TV Access................................................................................................3 O’Dwyer’s is published monthly for $60.00 a year ($7.00 for a single issue) by the J.R. O’Dwyer Co., Inc., 271 Madison Ave., New York, NY 10016. (212) 679-2471; fax: (212) 683-2750. Periodical postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to O’Dwyer’s, 271 Madison Ave., New York, NY 10016. O’Dwyer’s ISSN: 1931-8316. Published monthly. EDITORIAL Investing in the personal economy hina’s faltering markets sent stocks reeling around the globe in late August. The world’s second-largest economy had achieved nearly a decade of unprecedented growth and be- EDITOR-IN-CHIEF Ccame a target for overzealous investment before the engine inevitably ran out of steam. Jack O’Dwyer As it turns out, China was no longer the powerhouse we presumed it to be. Imports — and [email protected] marginally, exports — had been slowing down for some time, and China’s GDP last year re- vealed a growth rate about half of what it was less than a decade ago. Foreign commodities ASSOCIATE PUBLISHER purchases were also waning, particularly bad news for countries like Brazil and Russia, whose John O’Dwyer economies have grown increasingly dependent on Chinese money. Meanwhile, shares of many [email protected] traded Chinese companies were now woefully overvalued, but that didn’t stop investors from ASSOCIATE PUBLISHER dumping more and more money into them, inflating this bubble with massive amounts of bor- Kevin McCauley rowed capital. Margin trading was abundant. Once the writing was on the wall, companies be- [email protected] gan suspending their shares. The Chinese government slashed interest rates and curtailed bank loans. Then, in August, China’s currency was devalued, and an ensuing mass sell-off of stocks EDITOR sent the country’s once booming markets plummeting, falling 20% in one week’s time. Jon Gingerich The crash was so significant that the Dow dropped more than it had in four years, and the [email protected] Eurofirst 300 was knocked to its lowest levels in six years. It even provoked the Federal Reserve to cancel its plans to raise interest rates in September, rates that were partially responsible for SENIOR EDITOR healing our own economy after the 2008 collapse, and have since allowed big banks to borrow Greg Hazley cheap cash so they can bet against the same volatile markets that preceded the August crash. [email protected] Alas, by the last days of August we’d heard that global markets had stabilized. U.S. trading CONTRIBUTING EDITORS rallied, investors were buoyed. In fact, the Dow was up 369 points when it closed on August Fraser Seitel 27, which, according to CNN, accounted for the best two-day point gain in history. Things had Richard Goldstein returned, somewhat, to normal. Our fears were cataloged somewhere safely in the past. That is, until next time. EDITORIAL ASSISTANTS We’ve been down this road before, and we’ll be back again. A bubble will rise somewhere, & RESEARCH and investors will begin tirelessly feeding it while larger banks that thrive on market volatility Chandler Klang Smith will make bets against it, and the market will expand until the entire system inevitably collapses Caitlin Dullahan-Bates under its own weight. Then the governments of the world will be forced to intervene, with buy- outs and bailout plans and lines of liquidity and stimulus programs to protect their economies, ADVERTISING SALES Sharlene Spingler while executives, facing shareholder scrutiny in the ensuing down-time, will lay off employees Associate Publisher & Editor to keep quarterly numbers on target. When rewards come in, they are reaped by a select few; the [email protected] losses, meanwhile, are felt by everyone. There’s a lesson in here somewhere, but I’m not sure that we’ll ever find it. In the meantime, John O’Dwyer have you noticed that the behaviors present in today’s investor climate embody the very sorts of Advertising Sales Manager behaviors we try to avoid in people? Has it occurred to you that financial markets encourage the [email protected] kind of unhealthy risk-taking we’d consider reckless in our day-to-day lives? Have you gotten the feeling that what’s good for the economy is not necessarily good for people? O’Dwyer’s is published monthly for $60.00 Investors face incredible pressure to deliver unreasonable returns at unrealistic intervals, and a year ($7.00 a single issue) by the this is what influences excessive speculation; this persuades them to focus so intently on reward J.R. O’Dwyer Co., Inc. 271 Madison Ave., #600 that they ignore the looming variables of loss. Environments shown to yield modest results over New York, NY 10016. time are avoided in favor of high-risk environments that offer a celestially rare chance of im- (212) 679-2471 Fax: (212) 683-2750. mediate pay-off. Fly-by-night anomalies in the market — the very sorts that insanely complex computer algorithms are programmed to analyze at our financial institutions — take prece- © Copyright 2015 J.R. O’Dwyer Co., Inc. dence over long-term trends. Meanwhile, shareholders routinely vote against the interests of company employees to do OTHER PUBLICATIONS: what’s best for profits, and our political system, rife with Wall Street money, has been so thor- www.odwyerpr.com oughly rigged it will allow the same players to perform the same controlled demolitions over Breaking news, commentary, useful data- and over again and walk away unscathed. bases and more. It seems the world of modern finance is one where common sense often comes to a puzzling halt; its terms don’t seem to apply to any other facet of life. Avoiding risk always takes prece- O’Dwyer’s Newsletter dence over the possibility of high reward. A long-term perspective is paramount in any under- An eight-page weekly with general PR news, media appointments and placement taking. Every reasonable, responsible adult knows this; we routinely make all sorts of decisions opportunities. throughout our lives that involve deferring instant gratification for the sake of later yielding long-term benefits. It’s part of being a mature adult. O’Dwyer’s Directory of PR Firms The challenges facing our financial world today are not