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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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Top Retailers Lose $6B to Theft
Twenty-five major retailers lost more than $6 billion in 2009 to shoplifters and dishonest employees, according to new data from loss prevention consulting firm Jack L. Hayes International.
Total Apprehensions RiseTotal shoplifter and dishonest employee apprehensions increased for the fourth consecutive year, up almost 15% from the previous year, according to analysis from Jack L. Hayes.,...
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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:’ Starbucks, Blockbuster, Wal-Mart
Starbucks Tests BlackBerry App
Coffee retailer Starbucks is testing a new application for the BlackBerry mobile platform at eight stores in the Seattle market. The app lets customers check and reload gift card balances, as well as pay for items in-store. Source: IntoMobile
Blockbuster Misses Bond Payment
Struggling media entertainment retailer Blockbuster, which reportedly may file for Chapter...
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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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Environmental Update: Ikea, Albertsons, E-Waste
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.
Albertsons Installs Fuel Cell
A new Albertsons supermarket will be one of the first in California to generate nearly 90 percent of its electricity requirements with an on-site 400-kilowatt fuel cell. The project is estimated to cut...
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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:’ Blockbuster, Kroger, Borders
Blockbuster Bankruptcy in Works Could Shut 800 Stores
According to several published reports quoting sources familiar with the situation, struggling media entertainment chain Blockbuster will enter a “pre-planned” bankruptcy in mid-September 2010 that will allow it to restructure a debt load of nearly $1 billion, as well as escape leases on 500 to 800 of its worst-performing brick-and-mortar...
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‘The Daily Wrap:’ B&N, Target, Wal-Mart
Barnes & Noble Digital Sales Improve
Book retailer Barnes & Noble, Inc. increased e-commerce sales by 42% in Q1 fiscal 2011. This performance helped drive a 21% increase in total sales for the quarter. Source: Barnes & Noble, Inc.
Target Launches Electronics Services
Discount retailer Target Corporation is introducing three new consumer electronics services that will provide guests with an...
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