Inside This Issue - News
Unemployment remains high, consumer and business confidence is plunging, financial markets are in turmoil, and predictions on holiday sales largely agree that growth will be slower than last year.
The buzz last month over Target’s limited-edition Missoni designer line was unprecedented, as shoppers lined up outside stores well before they opened and online consumers gave the discounter’s website all the traffic it could handle and then some.
Frank Scorpiniti has been chosen to succeed Andy Giancamilli as chief executive officer of Katz Group Canada Ltd. when the later retires early next year.
Kroger Co.’s Ralphs Grocery, Safeway Inc.’s Vons and Supervalu Inc.’s Albertsons supermarket chains have reached a tentative contract agreement with United Food and Commercial Workers union (UFCW) members in Southern California, avoiding a labor stoppage.
The Grocery Manufacturers Association (GMA) and the Food Marketing Institute (FMI) have given a name to their $50 million consumer education campaign in support of the labeling system that began appearing on food and beverages earlier this year.
In a high-profile initiative similar to its ongoing effort to promote environmental sustainability Walmart has vowed to use its size and global reach to help improve the lives of women around the world.