Wal-Mart accentuates the positive
Bentonville, Arkansas: Wal-Mart has launched two national TV advertisements to fight back against its critics. The first 60-second ad focuses on the legacy of Wal-Mart's founder Sam Walton, while a second 30-second execution highlights Wal-Mart's health insurance plans for its 1.3 million US employees. The two adverts received an "overwhelmingly positive response from customers, associates and community leaders" when they were piloted in Tucson, Arizona, and Omaha, Nebraska, in the summer, according to Wal-Mart.
Joint venture set to motor
New Delhi: Telecoms giant Bharti Enterprises will announce details of its Indian retail venture with Wal-Mart next month. "Complete details, including financial details, about the retail business will be announced next month jointly by Bharti and Wal-Mart," said Bharti Enterprises chairman Sunil Mittal. The venture is planning a cluster of retail outlets and is aiming to start up operations in northern India and Bangalore first.
Capri Sun faces mislabelling action
Northfield, Illinois: Kraft Foods has been accused of mislabelling the Capri Sun juice drink, which it distributes in North America under licence. It is being sued by a woman from Florida, backed by campaign body the Center for Science in the Public Interest. She claims the product should not be marketed as 'all natural' because it contains high-fructose corn syrup. "Though Capri Sun claims to be 'all natural', its main flavouring would more accurately be called 'fresh from the factory," said Michael Jacobson, executive director of the CSPI.
Albert Heijn sells 10 stores
Zaandam: Ahold-owned Albert Heijn has sold 10 of its stores to a number of supermarket groups. Five of the stores have been sold at the order of the Dutch competition authorities following its acquisition of 29 Konmar stores from Dutch supermarket chain Laurus in June last year. The remaining five stores have been sold so Albert Heijn can "concentrate its activities in recently opened stores". It also plans to sell a further four stores.
Seven & I profit up 11.4%
Tokyo: Seven & I Holdings, which operates c-store chain 7-Eleven and Ito-Yokado supermarkets in Japan, has reported an 11.4% rise in net profit to ¥213.2bn (£921m) for the nine months to November on sales up 36.9% to ¥3.94trn. The results were down to major improvements in its supermarket business after extensive cost cutting, the company said.
Supervalu to offload 15 outlets
Minneapolis, MINNESOTA: Supermarket chain Supervalu is considering selling 15 stores operating under its Jewel-Osco fascia in the Milwaukee area. It is in discussion with Roundy's Supermarkets regarding five locations and is in talks with local retailers regarding alternatives for the remaining 10 stores. "Supervalu is constantly reviewing its store portfolio to identify opportunities to strengthen its overall store base," said Jeff Noddle, chairman and CEO.
Bentonville, Arkansas: Wal-Mart has launched two national TV advertisements to fight back against its critics. The first 60-second ad focuses on the legacy of Wal-Mart's founder Sam Walton, while a second 30-second execution highlights Wal-Mart's health insurance plans for its 1.3 million US employees. The two adverts received an "overwhelmingly positive response from customers, associates and community leaders" when they were piloted in Tucson, Arizona, and Omaha, Nebraska, in the summer, according to Wal-Mart.
Joint venture set to motor
New Delhi: Telecoms giant Bharti Enterprises will announce details of its Indian retail venture with Wal-Mart next month. "Complete details, including financial details, about the retail business will be announced next month jointly by Bharti and Wal-Mart," said Bharti Enterprises chairman Sunil Mittal. The venture is planning a cluster of retail outlets and is aiming to start up operations in northern India and Bangalore first.
Capri Sun faces mislabelling action
Northfield, Illinois: Kraft Foods has been accused of mislabelling the Capri Sun juice drink, which it distributes in North America under licence. It is being sued by a woman from Florida, backed by campaign body the Center for Science in the Public Interest. She claims the product should not be marketed as 'all natural' because it contains high-fructose corn syrup. "Though Capri Sun claims to be 'all natural', its main flavouring would more accurately be called 'fresh from the factory," said Michael Jacobson, executive director of the CSPI.
Albert Heijn sells 10 stores
Zaandam: Ahold-owned Albert Heijn has sold 10 of its stores to a number of supermarket groups. Five of the stores have been sold at the order of the Dutch competition authorities following its acquisition of 29 Konmar stores from Dutch supermarket chain Laurus in June last year. The remaining five stores have been sold so Albert Heijn can "concentrate its activities in recently opened stores". It also plans to sell a further four stores.
Seven & I profit up 11.4%
Tokyo: Seven & I Holdings, which operates c-store chain 7-Eleven and Ito-Yokado supermarkets in Japan, has reported an 11.4% rise in net profit to ¥213.2bn (£921m) for the nine months to November on sales up 36.9% to ¥3.94trn. The results were down to major improvements in its supermarket business after extensive cost cutting, the company said.
Supervalu to offload 15 outlets
Minneapolis, MINNESOTA: Supermarket chain Supervalu is considering selling 15 stores operating under its Jewel-Osco fascia in the Milwaukee area. It is in discussion with Roundy's Supermarkets regarding five locations and is in talks with local retailers regarding alternatives for the remaining 10 stores. "Supervalu is constantly reviewing its store portfolio to identify opportunities to strengthen its overall store base," said Jeff Noddle, chairman and CEO.
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