• Food Lion reportedly has decided that it will begin remodeling stores that have not been part of the market renewal programs that it has been embarked upon over the past few years.
• The Dallas Business Journal reports that Albertsons LLC, which is controlled by an investment group headed by Cerberus Management, plans to close four units in the Dallas-Fort Worth market by the end of the month, saying that the stores have been struggling financially and that there was no evidence that a turnaround was imminent.
• Royal Ahold announced that it will sell its Polish retail operations to French supermarket chain Carrefour. Terms of the deal were not disclosed.
• Reuters reports on a new study suggesting that people who drink four or more cups of coffee a day may have a lower risk of developing type 2 diabetes than non-coffee drinkers. However, scientists are not exactly recommending that people increase their coffee consumption, citing concerns that coffee also can elevate blood pressure.
• McDonald’s announced last week that it will be installing Redbox DVD rental kiosks in more of its stores, following a test that began in 2004 and that grew to a presence in some 800 locations, responsible for 15 million DVD rentals – at $1 per night - in just the past 12 months. Redbox kiosks also are located in another 1,000 retail stores around the country.
• The Chicago Sun-Times reports that in a recent speech, PepsiCo's new North American Chief Executive Officer John Compton said that its Quaker Tropicana Gatorade division has been a pleasant surprise – “it was largely responsible for PepsiCo's 9 percent revenue growth last quarter,” according to the story.
Gatorade, Compton said, has become one of the company’s crown jewels, showing continued growth for a company that has seen carbonated soft drink sales slow down and that has put a real focus on healthier products.
• The Dallas Business Journal reports that Albertsons LLC, which is controlled by an investment group headed by Cerberus Management, plans to close four units in the Dallas-Fort Worth market by the end of the month, saying that the stores have been struggling financially and that there was no evidence that a turnaround was imminent.
• Royal Ahold announced that it will sell its Polish retail operations to French supermarket chain Carrefour. Terms of the deal were not disclosed.
• Reuters reports on a new study suggesting that people who drink four or more cups of coffee a day may have a lower risk of developing type 2 diabetes than non-coffee drinkers. However, scientists are not exactly recommending that people increase their coffee consumption, citing concerns that coffee also can elevate blood pressure.
• McDonald’s announced last week that it will be installing Redbox DVD rental kiosks in more of its stores, following a test that began in 2004 and that grew to a presence in some 800 locations, responsible for 15 million DVD rentals – at $1 per night - in just the past 12 months. Redbox kiosks also are located in another 1,000 retail stores around the country.
• The Chicago Sun-Times reports that in a recent speech, PepsiCo's new North American Chief Executive Officer John Compton said that its Quaker Tropicana Gatorade division has been a pleasant surprise – “it was largely responsible for PepsiCo's 9 percent revenue growth last quarter,” according to the story.
Gatorade, Compton said, has become one of the company’s crown jewels, showing continued growth for a company that has seen carbonated soft drink sales slow down and that has put a real focus on healthier products.
- KC's View:
