• Bloomberg reports that new Chipotle CEO Brian Niccol, who came over from Taco Bell to turn around the chain’s lagging fortunes, seems to be having an impact - Q2 same-store sales were up 3.3 percent, higher than the 2.7 percent that Chipotle was predicting.
The story says that “after struggling to bring back diners in recent years following illness outbreaks, Chipotle is seeing better results under Niccol, who took the helm in March. In his first months on the job, the chain has started investing in store remodels, new food items, faster service times and a new advertising campaign.
“Some of the plans that are helping the chain recover were in place when the new CEO arrived, but he deserves credit for increasing the chain’s marketing presence, said Michael Halen, an analyst at Bloomberg Intelligence.”
• USA Today reports that Procter & Gamble-owned Gillette, which has been dealing with disruptive influences from the likes of Dollar Shave Club and Harry’s, not has a new problem - Kroger, which “is launching a new house brand line of razors and grooming products” called Bromley's For Men.
According to the story, “The Bromley's collection includes razors with interchangeable 7-blade, 5-blade or 3-blade cartridges. Related skincare products include a pre-shave prep wash exfoliator, charcoal-infused daily cleanser, shave cream, post-shave balm, and a daily moisturizing lotion with SPF 15 (sun protection factor) … The new line is an expansion of Kroger's formidable private-label business that generates a sixth of the company's total sales or more than $20 billion a year.”
• USA Today reports on a retailer rising from the near-dead.
The resurrection is being staged by RadioShack, which announced that it will open more than 100 “express locations” nationwide, expanding on a relationship with Hobby Town that had it opening the sites in addition to trying to grow its e-commerce presence.
The story says that “after struggling to bring back diners in recent years following illness outbreaks, Chipotle is seeing better results under Niccol, who took the helm in March. In his first months on the job, the chain has started investing in store remodels, new food items, faster service times and a new advertising campaign.
“Some of the plans that are helping the chain recover were in place when the new CEO arrived, but he deserves credit for increasing the chain’s marketing presence, said Michael Halen, an analyst at Bloomberg Intelligence.”
• USA Today reports that Procter & Gamble-owned Gillette, which has been dealing with disruptive influences from the likes of Dollar Shave Club and Harry’s, not has a new problem - Kroger, which “is launching a new house brand line of razors and grooming products” called Bromley's For Men.
According to the story, “The Bromley's collection includes razors with interchangeable 7-blade, 5-blade or 3-blade cartridges. Related skincare products include a pre-shave prep wash exfoliator, charcoal-infused daily cleanser, shave cream, post-shave balm, and a daily moisturizing lotion with SPF 15 (sun protection factor) … The new line is an expansion of Kroger's formidable private-label business that generates a sixth of the company's total sales or more than $20 billion a year.”
• USA Today reports on a retailer rising from the near-dead.
The resurrection is being staged by RadioShack, which announced that it will open more than 100 “express locations” nationwide, expanding on a relationship with Hobby Town that had it opening the sites in addition to trying to grow its e-commerce presence.
- KC's View:
