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Covering the latest news in the retail industry

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Apple iPod To Be Sold With H-P Label

Apple announced yesterday that it will license its iPod technology to Hewlett-Packard, which will produce iPod digital music devices bearing the H-P brand and place an Apple iTunes jukebox software…

BSE Safeguards Stipulated By USDA

Following up last week’s announcements of further BSE prevention measures, the USDA issued four new regulations specifically addressing the way product is marked during the inspection process; the classification of…

A&P Narrows Loss on Divestitures

The Great Atlantic & Pacific Tea Company reported a 3rd quarter earnings loss of 65 cents per share, narrowing from a loss of 77 cents in the previous year period….

Disappointing Holiday Sales Send Gap Shares South

Shares of Gap Inc. dropped as much as 13 percent yesterday as investors expressed anxiety over a slight 1 percent increase in combined holiday period same-store sales at Gap, Old…

Kraft Reorganizes to Reset Global Marketing Strategy

The consumer packaged goods giant is moving former co-chief exec Betsy Holden into a newly established president of global marketing and category development position as part of a big restructure…

P&G Raises Earnings Forecast

Procter & Gamble raised its quarterly earnings guidance yesterday saying the company saw sales of its health care products increase as a result of the early arrival of the cold…

Home Networking Buzz at CES

Having a totally connected and automated home is the buzz of this year’s Consumer Electronics Show. It is still, however, more dream than reality,

Circuit City Sales Short Circuit

The consumer electronics chain reported same-store sales for December were off two percent. Chain-wide sales were down one percent.

Schick Wants A Cut of Gillette’s Razor Share

Schick is looking for innovations such as the company’s Quattro, four-blade razor, to help it move up from its perrenial number two spot in the shaving products category.

Farmer Jack Closing More Stores

Farmer Jack has announced it will close thirteen stores in Michigan in an attempt to turn the struggling division of A&P around.

RiteAid Gets $51 Million Tax Break

The upside to previous management overstating earnings in 1989 and 1999 is that RiteAid will receive $51 million in tax benefits to boost its bottom line in fiscal 2004.

Pepsi Inks Iraqi Deal

PepsiCo has signed a deal with Baghdad Soft Drinks Co. to bottle and distribute Pepsi products in Iraq.

Governator Brew Blows Them Away

Portland Brewing has rolled out a limited number of “Governator” beers in honor of Arnold Schwarzenegger’s victory in the Calfornia recall election.

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