Among the biggeest tweaks Tesco is making at its Fresh & Easy stores is the addition of 250 new, private-label products, including prepared meals, juices, brewed teas, yogurts and ready-to-grill meats. Private label goods account for roughly 50% of the items in Fresh & Easy locations, but 75% of the sales. Also coming is bright-colored signage [...]
Folio: reports on these and other personnel changes in its “People on the Move” column. Folio: (May 12, 2008)
Mark Holgate, senior fashion writer at Vogue in NY, is set to take over as editor of Luxx quarterly magazine and style director of the Times magazine in the UK. Holgate will be leaving the US after 5 years at Vogue and 4 years at New York magazine. Prior to these jobs, Holgate was the [...]
The drop, which was the second in three months and in line with economists’ expectations, reflected stressed consumers coping with soaring fuel costs and a slumping economy. Associated Press via NYT (May 13, 2008)
Jane R. Eisner was nominated on Monday to become the editor of The Forward, the Jewish newsweekly. An official announcement is expected to come Sunday. Ms. Eisner will be coming to The Forward from a 25 year stint at The Philadelphia Inquirer, where she worked her way up from reporter to editorial page editor and [...]
HarperCollins announced plans on Monday to make their seasonal catalog listings available online only. Jane Friedman, president of HarperCollins, said “It’s such a waste of paper and so inefficient.” She said the switch would likely begin by summer ‘09 and take place slowly. About 100,000 catalogs are sent out for each publishing season: summer, winter, [...]
In what it termed a good start to its fiscal year, Wal-Mart Stores has reported a 10% increase in revenue to $94.1 billion for the quarter, ahead of forecasts. Same-store sales in the U.S. market were up 2.9% in the quarter, Wal-mart’s best same-store performance in 2 years. The company is weathering tough economic times [...]
Food price inflation and the early timing of the Easter holiday helped Winn-Dixie post better than expected sales during the fiscal third quarter, ending April 2. Net sales increased 2.3% over the same period a year ago, and comp sales were up 2% for the quarter. Supermarket News (May 13, 2008)