Showing posts with label massmart. Show all posts
Showing posts with label massmart. Show all posts

Thursday, February 24, 2011

Lunchtime Blog: News One-Liners: 2/21-2/24

PathmarkImage via Wikipedia

WNYC:
Shuttering of Sheepshead Bay Pathmark has Lawmakers looking for Affordable Supermarket Options.

More @ NY Post, ABC News w/ video, NY1 w/video, Long Island Business News, Brooklyn Eagle.


Supermarket News reports A&P is looking for a $6.8 M incentive plan
 The proposed plan would reward a group of 146 salaried employees up to $6.8 million in cash, provided the chain can reverse a decline in same-store sales while maintaining or improving merchandise margins during a 28-week period beginning with the commencement of A&P's new fiscal year Feb. 27. The plan could allow four senior executives to earn 175% of their base salaries while providing 100% bonuses for other participants, including the company's chief information officer, senior vice presidents, vice presidents, senior directors, directors, district managers and senior category managers.
Supermarket News has reactions from the store closures.

On Tuesday, Walmart Stores announced its fourth-quarter same-store sales fell more than expected., down 1.1% as they struggle with "pricing and merchandising issues".  More @ Pro Gro @Forbes.

Looks like NYC is not the only area Walmart is trying to infiltrate (besides South Africa, a Civil War battlefield, and San Diego) a report surfaced they're going after Target's turf in Minnesota, with a reportedly $1 billion budget.

Ad Age: Walmart could take NYC...With help from the Obamas.
The Walmart-Obama combo, Mr. Flickinger said, is "the most powerful pairing America may have ever seen. It's the worst nightmare for the supermarket sector, food retailers and wholesalers and [unions]."
Walmart is also building a new grocery store in Chicago's West Loop.

Looking at the Walmart-Massmart (South Africa) merger, groups wonder where are the conditions?

Massmart's shares also fell this morning.

China's National Development and Reform Commission has fined Wal-Mart Stores Inc. and Carrefour SA a combined 9.5 million yuan ($1.4 million) for deceptive pricing practices at a small number of stores around the country. More @ The WSJ.

King Kullen is debuting a new nutritional scoring system called NuVal this week. "Implementing the NuVal scoring system is the most ambitious step we've taken in 80 years to promote nutritious eating," said Brian C. Cullen, co-president. More @ LI Business News.

Stop & Shop announced a new Fuel Price System.

Queens Chronicle: Aldi comes to Rego II.

CBS News: Groceries, Clothing Will Soon Cost You More Money.
Global wheat prices have more than doubled in the last six months....

Image via: dnainfo.com
DNAinfo: Upper East Side Fairway to open in June!


The Huffington Post wonders where they can buy tomatoes.


The Tribeca Amish Market files for bankruptcy.


Stand with workers in Wisconsin!  There have been rallies all week across the nation, showing amazing union solidarity with the workers in Wisconsin.   Can't make a rally? Show your support in the Social Media world by using this photo for your profile pic or twitter icon.


Thursday, January 20, 2011

Thursday's Mid Week One-Liners: Walmart Buys its Way into Africa, Will NYC be next?

"Despite the advent of democracy in 1994, South Africa remains one of the most inequitable societies in the world, said Tyotyo James, deputy-president of the Congress of South African Trade Unions.”The acquisition of 51% of Massmart by Walmart will cut out even more local ownership of one of the major retail players in the country."
After Walmart's 51% bid on the major retailer Massmart was approved this week. "Walmart buys its way into Africa"


In Walmart's latest PR move they've donated a bunch of $$ to Food Bank's and are now offering healthy food, thanks, it's 2011, guess that's a good year to start offering healthy food.

Small business poll finds Walmart is not welcome in NYC. [NY Daily News]

Here's eight reasons we should keep Walmart out of major cities.

Sources say that Stop and Shop is eying a former Shaw's site in New Haven, CT.

John Castimatidis, Gristedes Owner "Walmart is a real danger to the overall economy and character of NYC" read the entire Op-Ed in the NY Daily News.

Blog: Walmart is trying to invade NYC.  

A Walmart grows in Brooklyn, not if we can help it...

ABC News: Report, NYC Walmart would lower wages.

Yahoo! says it's only a matter of time for Walmart in NYC.

More media outlets are covering drug stores, Target and Walmart's desire to sell you groceries.

Walmart may team up with the UDC (University of District Columbia Community College) to combat many concerns with their flawed employment practices.

It's not just a domestic problem with Walmart, across the world they're notoriously known for exploitation of workers, in South Africa they're getting a lot of resistance for buying out the retail chain Massmart and attempting to monopolize the South African retail market.
Now that the Massmart deal cleared all the regulatory hurdles, a massive boycott is being planned for all Walmart/Massmart affiliated stores. [Financial Mail]

Yournabe: Small businesses don't want a Walmart, but are confident in retaining shoppers.

A&P's Q3 Results are "in line" with expectations. [Progressive Grocer]

A mayor in New Jersey has asked to residents to boycott a local (union) ShopRite, and it's flat out wrong.  Read the editorial here.

Target's CEO plans for Canada expansion.

Costco is receiving a $1 million tax break to open a store in Chicago.

A Williamsburg Duane Reade is offering beer on tap, yeah that says Duane Reade.

The Politicker has Mayor Bloomberg's complete 'State of the City' speech here.

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