• Bloomberg reports that “Wal-Mart Stores Inc. will phase out Cott Corp. as its exclusive U.S. supplier of brand name sodas.”
Walmart said that the existing decade-long contract has been terminated “without cause.”
Cott released a statement saying that “conversations with Wal-Mart are ongoing, and the impact on Cott’s business is unclear at this time.”
• In the UK, Walmart owned Asda Group has announced two recession-promoted initiatives.
One, the company says that it rolling back prices on some 4,000 items this month, as it looks to reinforce its advertising theme, “Saving you money every day.”
Two, the BBC reports that Asda has announced that it will create 7,000 new jobs in the UK this year. According to the story, 3,700 of the jobs will be in new stores and existing stores that are being expanded, while the rest will be in units like its home shopping business.
And, the BBC noted, “Asda said it aimed to specifically target long-term unemployed people for 3,000 of the new vacancies, which are both full-time and part-time.”
Similar moves have been announced recently by Tesco, Sainsbury and Waitrose.
Walmart said that the existing decade-long contract has been terminated “without cause.”
Cott released a statement saying that “conversations with Wal-Mart are ongoing, and the impact on Cott’s business is unclear at this time.”
• In the UK, Walmart owned Asda Group has announced two recession-promoted initiatives.
One, the company says that it rolling back prices on some 4,000 items this month, as it looks to reinforce its advertising theme, “Saving you money every day.”
Two, the BBC reports that Asda has announced that it will create 7,000 new jobs in the UK this year. According to the story, 3,700 of the jobs will be in new stores and existing stores that are being expanded, while the rest will be in units like its home shopping business.
And, the BBC noted, “Asda said it aimed to specifically target long-term unemployed people for 3,000 of the new vacancies, which are both full-time and part-time.”
Similar moves have been announced recently by Tesco, Sainsbury and Waitrose.
- KC's View:
