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Covering the latest news in the retail industry

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Bean Not Interested In Bauer

L.L. Bean’s chief executive officer, Chris McCormick, seems to have determined that buying the Eddie Bauer business would be more trouble than it’s worth.

P&G Raises Forecast

Procter & Gamble expects to exceed the consensus earnings estimate by one or two cents a share.

Nutrionists Says Carb Counts Are Wrong

Nutritonists in the UK say the amount of carbohydrates listed on labels of some low-carb products bears little resemblance to the actual contents.

Trade Deficit At Record Level

The Commerce Department reported that the national trade deficit reached an all time high of $43.1 billion in January.

Congress To Limit Obesity Lawsuits

The House of Representatives is expected to take up a bill limiting lawsuits against food manufacturers and restaurant operators for a person’s obesity.

Obesity Is Killing More Americans

A report from the Center for Disease Control says obesity is quickly catching up with tobacco use as the leading cause of preventable death in the U.S.

Kmart Hires New Marketing Chief

Kmart has hired the former executive vice president of television and marketing for the Home Shopping Network, Paul Guyardo, as its new chief marketing officer.

Pier 1 Gets New Pitchman

Pier 1 Imports is replacing actress Kirstie Alley as its television spokesperson with Thom Filicia from the show, Queer Eye For The Straight Guy.

Man Commits Fraud Can’t Get Arrested

A person in Loma Linda, California ordered goods from eMerchandise.com using the credit cards belonging to others. When the retailer reported the event, the amount ($500 in goods) was deemed…

Report: Consumers Should Know RFID Benefits

A new report from A.T. Kearney says retailers and manufacturers should emphasize the benefits of radio frequency identifcation (RFID), such as keeping track of food supplies and catching counterfeiters, to…

Strike Costs Kroger

The recently settled labor dispute with the United Food and Commercial Workers Union (UFCW) cost Kroger to lose $337.4 million in the last quarter.

Kmart Likely To Stick With Stewart

The general consensus is Kmart will continue selling its exclusive Martha Stewart Everyday line, despite Ms. Stewart’s conviction in federal court.

Stewart Resigns From Revlon Board

Martha Stewart has resigned her seat on the Board of Directors at Revlon following her conviction in connection with the ImClone scandal.

Nice Weather Warms Up Sales

Mild weather across much of the U.S. is being given credit for the strong retail sales posted last week.

The Story Behind The Strike Settlement

The deal between the supermarket chains and the United Food and Commercial Workers Union was agreed upon in the hotel room of the UFCW’s chief negotiator, Steve Stemerman.

Wal-Mart Criticized By Columnist

Columnist Jeffrey Rubin says prices in Wal-Mart markets dropped three percent last year while wages in the same markets were down 14 percent.

Whole Foods Opens In Columbus

Whole Foods is opening the first of two planned new stores in Ohio on a site formerly occupied by Big Bear.

Small Retailers Study Using RFID

The adoption of radio frequency identification technology (RFID) by the likes of Wal-Mart is putting pressure on smaller retailers to investigate its use or fall behind in the competition for…

J.M. Smucker Buys International Multifoods

The leading company in the U.S. jelly and jam market will buy the manufacturer of brands such as Pillsbury baking mixes and Hungry Jack pancake mix for approximately $500 million.

Nordstrom Culture Sells

As Nordstrom enters the Charlotte market, it will bring its extraordinary sales culture along with it.