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Covering the latest news in the retail industry
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Hasbro Closes Wizards of the Coast Chain
Hasbro is closing its 60 store Wizards of the Coast trading card chain to focus on its core toy manufacturing business.
Prego Advertises Sauce With The Spaghetti
A new ad from Prego has the brand’s spaghetti sauce topping chicken to reach out to followers of Atkin’s and South Beach diets.
Soy Good For The Heart
New research suggests soy, not isoflavones, are good for the heart.
SEC Charges Parmalat With Fraud
Parmalat founder’s lawyer said ex-exec confesses to bilking company of millions.
Wal-Mart Opposition Grows
Fighting Wal-Mart has become a life’s work for some.
Union To Meet With Sainsbury
Labor unrest on the other side of the Atlantic.
Online Coupon Fraud Grows
Supermarkets are restricting the use of Internet coupon in an effort to cut out fraudulent redemptions.
Judge Rules Against Tribe in Cigarette Tax Case
A federal judge has ruled that Rhode Island has the right to tax sales of cigarettes sold on tribal land.
Scientists Assess Mad Cow Risk
Experts believe that even if tainted meat from a cow idenfitied with BSE was eaten, there is little risk to those who consumed it.
Fedex Buys Kinko’s
FedEx has agreed to acquire the privately-held Kinko’s copy center chain for $2.4 billion.
McD’s Stock Upgraded
JP Morgan has raised its rating on McDonald’s stock from “overweight” from “underweight.”
FAO Sells Fifth Ave. Store
FAO Inc., has agreed to sell its Fifth Avenue flagship store in New York and its Las Vegas Forum Shop to the investment firm of D.E. Shaw & Co.
Report: Coke Interested In Parmalat
A report out of Australia says Coca-Cola Amatil may have an interest in purchasing some of Parmalat’s businesses in the dairy and yogurt drink categories.
Bakers Want Share of Low-Carb Sales
Low-carb bread may sound like an oxymoron but bakers are responding with new products targeted at the Atkins and South Beach diet crowd.
Discounters Gain Music Share With Exclusive Deals
Wal-Mart, Target, Best Buy and other big box retailers are snapping up share of popular music sales with exclusive deals signed with recording artists from The Rolling Stones to Britney…
Economy and Retail Sales Rebound in Wichita
Many retailers in the Wichita are reporting holiday sales well above last year, some with double-digit gains.
Online Retail Sales Jump
Online retailers had plenty to smile about this holiday season with record-setting performance.
Retailers Discount To Woo Shoppers
Weaker than expected holiday sales has many retailers hoping for a big finish between now and New Year’s.
Returns Down, Sales Up Post Christmas
Retailers are reporting that bargain shoppers were out in force looking for post-Christmas discounts. Stamford Town Center in Stamford, Conn. reported fewer merchandise returns than in years past.
Parmalat Files For Bankruptcy, Investingations To Follow
Parmalat’s bankruptcy puts thousands of jobs at risk. Affair has an eerie similarity to Enron scandal.
Pink Pitches For Pepsi
Pop-star Pink has signed on a the newest spokesperson for Pepsi’s international marketing efforts.
California Attorney General Begins Antitrust Investigation of Chains
The attorney general of California is going ahead with an investigation into possible antitrust violations connected to the mutual-aid pact of the three supermarket chains involved in the current lockout/strike…
Wal-Mart Faces Legal Battles in California
Wal-Mart is facing stiff opposition from some communities as it follows its expansion plans into Calfornia.
Pet Product Sales Growing Strong
Sales of pet products expected to be up five percent this year according to the American Pet Products Manufacturers Association.
$5000 TV’s Are Big Holiday Seller
Manufacturers and retailers have been caught off-guard by the strong demand for expensive rear-projection television sets this holiday season.
Americans Buying More Luxury Items
Retailers of luxury items are reporting a marked increased in consumer demand for products from Maserati automobiles to jeweled watches. An improving economy is being credited for Americans’ new desire…