‘The Daily Wrap:’ Wal-Mart, Amazon, Casey’s General Stores

Published on April 13, 2010 | Comments: 0
Wal-Mart Eyes India Sourcing Discount retailer Wal-Mart will increase its India-based sourcing by as much as hundreds of millions of dollars during the next four to five years. Wal-Mart already sources more than $125 million USD of goods a year from India. Source: Press Trust of India Amazon to Open Canadian DC The Canadian government has approved online retailer Amazon.com’s request to open a large distribution center in Canada, despite protests from Canadian book retailers that the move would damage Canadian culture. As part of the approval, Amazon has agreed to promote Canadian authors and take other steps to promote the culture of Canada. Source: Wall Street Journal Casey’s Buys 10 Holiday C-stores Casey’s General Stores is buying 10 Holiday convenience stores in Nebraska and Iowa. The purchase is set to be finalized on April 19, 2010. Source: Denison Bulletin & Review Kroger Expands Country Oven Bakery Supermarket Kroger will invest $10.6 million in expanding its Country Oven Bakery which supplies Kroger stores with baked goods. The investment will finance positions for 33 new employees, along with a 50,000-square-foot expansion of the bakery’s production facility to accommodate a second cake line. Source: Supermarket News Display Campaigns Drive as Much as 50% of Retailer Site Traffic On both the Wal-Mart and Target e-commerce sites, approximately 85% of visitors to the advertiser site were exposed to the retailer’s online display ad at least once, either before or after visiting the retailer site. Of those who were exposed, more than half were exposed before visiting the retailer site which means that about half of the visitors to either of the retailer sites saw an online display ad for the retailer before visiting the site. Source: Compete Restaurants Bypass SocNets, Coupons and Email in Favor of Text Restaurants are finding that text messaging is the most cost effective way to reach local customers, topping other methods such as digital coupons, social media networks and traditional email marketing. Source: Marketing Vox GamerDoc Expands to NJ Franchised video game retailer GamerDoc will open its first New Jersey store in summer 2010. The store, sited in Cherry Hill, represents the first of a planned four to five stores GamerDoc plans to open in New Jersey during the next few years. Source: Gamer Doc Seattle’s Best Introduces Canned Iced Lattes Coffee retailer Seattle’s Best Coffee is introducing a new line of canned iced lattes in more than 10,000 grocery, convenience and other retail stores throughout the western U.S. Through the North American Coffee Partnership (NACP), a joint venture between Starbucks Corporation and Pepsi-Cola North America Beverages, the CPG beverages extend the reach of the Seattle’s Best Coffee brand into the ready-to-drink category. Source: Seattle’s Best Coffee Krispy Kreme Fills Philly Market Coffee retailer Krispy Kreme Doughnut Corporation will open 21 new franchised stores in the greater Philadelphia, PA market during the next seven years. The first new store, which will mark Krispy Kreme’s debut in the Philadelphia area, is slated to open in late 2010. Source: Retailer Daily Job Growth Aids Consumer Spending Index Improvements in the job market and a reversal in rising tax rates caused the Deloitte Consumer Spending Index to rebound in March 2010, following three straight months of decline. Source: Retailer Daily Trade Deficit Jumps 7.3% The U.S. trade deficit in goods and services rose 7.3% in February 2010, from a revised $37 billion to $39.7 billion. This effectively wipes out a 7.3% reduction in the deficit which occurred in January 2010. Source: Retailer Daily

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