- Colloquy.com reports that Kroger’s Fred Meyer is rolling out a new loyalty marketing program that runs counter to traditional plans by not linking use of the card to lower prices.
Instead, the Fred Meyer program is offering customers an as-yet unnamed rebate. Customers earning at least 100 points during a 13-week period by spending an average of $40 per week will qualify for the rebate, according to the report.
- The Food Marketing Institute (FMI) and Daymon Worldwide announced the launch of the first Private Label Showcase to be featured at the 2006 FMI Convention.
Tim Hammonds, FMI’s president and CEO, said, “Our members understand that stores need to strike the proper balance for their customers between private label, national brands, and perishables. This showcase will open the door for that dialogue to take place for the entire industry. We are very excited to be able to add this important new dimension every other year to our Chicago show.”
- The Financial Times reports on the success that Tesco seems to be having with an in-store television system. According to the story, brands advertised on the television system in three of Tesco’s largest stores have seen sales increases of 10 percent or more.
- Published reports say that some 40 protestors in Chicago this week charged that the Nash Finch-owned Hispanic-themed store has “intimidated workers who want to start a union,” and has paid employees less than promised.
- Ahold CFO Hannu Ryopponen has told a Dutch publication that class action suits filed against the company in the US in the wake of its billion-dollar accounting scandal could last as long as 10 years.