‘The Daily Wrap:’ Best Buy, Whole Foods, Krispy Kreme

Published on September 16, 2010 | Comments: 0
Best Buy Grows Net Earnings Consumer electronics retailer reported net earnings of $254 million in Q2 fiscal 2011, up 61% from $158 million in Q2 fiscal 2010. In addition, Best Buy’s quarterly revenue increased 3% to $11.3 billion, compared with revenue of $11 billion for Q2 fiscal 2010. Source: Best Buy Co., Inc. Whole Foods Color Codes Seafood Sustainability Whole Foods Market (NASDAQ: WFMI) today launches an in-store color-coded sustainability-rating program for wild-caught seafood and commits to phasing out all red-rated species by Earth Day 2013. Through partnerships with Blue Ocean Institute and Monterey Bay Aquarium, Whole Foods Market is the first national grocer to provide a comprehensive sustainability rating system for wild-caught seafood. Source: Whole Foods Market Krispy Kreme Adds Marketing Exec Dwayne Chambers will join the Krispy Kreme senior leadership team as SVP and Chief Marketing Officer (CMO). Chambers will officially assume his responsibilities on September 27, 2010. Source: Krispy Kreme Labor Markets Hit Consumer Spending The number one consumer concern continues to be those tied to economic conditions, most specifically, the labor markets. These concerns are negatively impacting shopper trips and consequently consumer spending. Source: The Nielsen Company Aging Face-Off Sales figures from SymphonyIRI Group for the 52-week period ending Aug. 8, 2010 indicate the $1.4 billion anti-aging body and face segment is sagging with consumer resistance to spend on discretionary items. Source: Supermarket News European Smartphone Market Grows 41% Smartphone adoption in the EU5 (U.K., France, Germany, Spain, Italy) has grown 41 percent in the past year to 60.8 million subscribers. Source: comScore Heavy Duty Truck Engines Have More Problems Today Following two rounds of revisions in emissions standards since 2004, problem rates for heavy-duty truck engines in 2010 are nearly twice as high, on average, as rates for engines manufactured prior to these emission changes, according to the J.D. Power and Associates 2010 U.S. Heavy-Duty Truck Engine and Transmission Study. Source: J.D. Power and Associates Alchemist Launches MMA-Licensed Apparel Line Alchemist Clothing, a new apparel company founded by rap music star MC Hammer, is launching a line of items licensed by professional mixed martial arts (MMA) fighters. Source: Alchemist Management Kraft Tests Interactive Vending Machine Kraft is getting set to roll out a beta-test of an interactive, touch-screen vending machine that not only gives consumers nutritional information about the products they are buying - but also delivers interactive advertising and targeted promotions. Source: MarketingVox Mobile Campaigns Drive Traffic to Advertiser Sites Almost half of mobile advertising campaigns drove traffic to their website in July 2010, according to the latest S.M.A.R.T. Report from Millennial Media. Source: MarketingCharts

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