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‘The Daily Wrap:’ KFC, Starbucks, Best Buy

KFC Revamps Col. Sanders
Fast food chicken retailer KFC is trying to revamp its logo, an image of founder Col. Harland Sanders, in the wake of statistics showing 60% of 18-to-25-year-olds cannot identify him. KFC is launching a promotional campaign on a variety of online social networks that includes a contest to create a new sketch of Sanders. Source: USA Today

Starbucks Changes Drive-thru...
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Environmental Update: Whole Foods, Burger King, Fresh & Easy

Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.

Whole Foods Rolls New Sustainable Packaging Guidelines
Whole Foods Market has rolled out new responsible packaging guidelines to all of its more than 2,100 body care and supplement suppliers company-wide. All new body care and...
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‘The Daily Wrap:’ Rite Aid, Target, GGP

Rite Aid Tests Grocery Concept
Struggling drugstore chain Rite Aid has entered into a licensing agreement with Save-A-Lot to add the discount, limited assortment grocery store concept to Rite Aid’s 10 existing stores in the Greenville, SC market. The stores will be co-branded Save-A-Lot Food Stores/Rite Aid Pharmacy and will continue to be owned and operated by Rite Aid. Source: Rite Aid...
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‘The Daily Wrap:’ Burger King, Walgreens, Dunkin’ Donuts

3G Buys BK
Private equity firm 3G Capital has purchased public fast food chain Burger King for $4 billion. That figure equals 46% more than Burger King’s share value at the time of the deal. Source: CNN/Money

Walgreens Buys 18 ApothecaryRx Stores
Drugstore retailer Walgreens will acquire the assets of 18 ApothecaryRx pharmacies located in Colorado, Oklahoma, Minnesota, Missouri and Illinois....
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‘The Daily Wrap:’ Burger King, Amazon, Bashas’

Burger King Said to Hold Buyout Talks With 3G Capital
Fast food retailer Burger King Holdings, Inc. is reportedly in talks with 3G Capital about a buyout. The public company could potentially improve troubled relations with its franchisees and differentiate itself from chief competitor McDonald’s by selling its business to a private equity firm. Source: Bloomberg

Amazon Plans New...
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‘The Daily Wrap:’ Ikea, Best Buy, Johnny Rockets

Ikea Expands in China
Home furnishing retailer Ikea, which is speeding up its expansion in China, plans to open four new stores across the country during the next two years. Ikea will open its second store in Shanghai next year and open locations in Tianjin and Wuxi, as well as its second store in Beijing, in 2012. Source: China Daily

Best Buy Names Chief Design Officer
Consumer electronics...
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Store Openings and Closings Update - August 2010

A comparison of store openings and closings by leading retailers in several major verticals shows that the recession has had a varying impact on retail store growth strategies.

Discounters Slow Down Domestic Store Expansion

In a plan issued April 2010, discount retailer Wal-Mart said it intends to grow in major metropolitan markets domestically, with new formats while making existing formats...
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‘The Daily Wrap:’ Burger King, Toys R Us, Papa Murphy’s

Burger King Opens 249 Net Global Stores
Fast food hamburger retailer Burger King opened 249 net new global stores during its recently-concluded fiscal 2010, including 59 net new stores in the US. Global revenues dropped 1% during the fiscal year. Source: Burger King Holdings, Inc.

Toys R Us Selects Retail Sense
Toy retailer Toys R Us has selected the Retail Sense marketing communication...
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Fast Food Retailers Unveil New Products, Promotions

Major fast food retail chains McDonald’s, Burger King and Wendy’s have all introduced new products and/or promotions in recent months, geared to boost sales. The fast food vertical has produced mixed same-store sales results in the past year, as detailed below.

McDonald’s Upgrades Stores, Introduces Iced Beverages

McDonald’s, the world’s leading fast food retailer, plans to upgrade 939 of its...
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‘The Daily Wrap:’ TJX, Burger King, Amazon

TJX Heads North
Off-price retailer TJX Companies Inc. will open six Marshalls stores in Canada in 2011 with more stores possible in the long term. TJX believes the Canadian market can ultimately support 90-100 Marshalls stores. Source: TJX Companies Inc.

BK Introduces Kids’ Breakfast Meal
Fast food retailer Burger King will begin offering a kids; breakfast meal on July 26, 2010. The meal,...
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