Wal-Mart E-Delivery, Epsilon Breach, Sbarro Bankruptcy
Wal-Mart Stores Inc. plans to test
its first web-based fresh grocery delivery service in California, looking online for new sources of revenue growth, a person familiar with the project told Bloomberg.
The web service, internally dubbed “Project Titan,” hasn’t yet been approved and may not happen, said the person, who declined to be identified because plans aren’t final.
Fraud, Theft & Security
- A security breach at corporate email service provider Epsilon has exposed the names and email addresses of thousands of customers at retailers including Best Buy, Kroger and Walgreens.
Legal & Regulatory
- Sbarro Inc., a pizza and pasta fast-food chain popular in malls and airports, said that it has filed for Chapter 11 bankruptcy protection.
Store Openings & Closings
- Bankrupt Blockbuster and multi-brand women's apparel retailer Charming Shoppes are closing a combined 426 stores in 2011.
- Burger King Corporation has signed a multi-year agreement with PepsiCo to be the exclusive soft drink supplier in more than 1,000 restaurants throughout the company's Latin America and Caribbean region.
Marketing & Advertising
- Foot Locker is pushing its new range of exclusive Converse footwear with an ad that takes the audience on a journey through Europe’s disused tunnels and catacombs.
Environmental & ‘Green’
- Staples has been named a 2011 Energy Star Partner of the Year in Energy Management by the EPA, recognizing the company's leadership in energy management and resulting reductions in greenhouse gas emissions.
Stats & Research
- The Conference Board Employment Trends Index (ETI) increased again in March 2011 for the sixth month in a row; then index now stands at 100.9, up from February’s revised figure of 100.3 and up more than 8% from a year ago.
- The top online retailers sent each of their subscribers 3.2 promotional emails on average during the week ending Apr. 1, 2011, which is flat week-over-week, up 12% from where it was four weeks ago, and up 18% year-over-year.
- The average organizational cost of a data breach increased to $7.2 million and cost companies an average of $214 per compromised record, markedly higher when compared to $204 in 2009.
Promotions & Appointments
- Toys R Us is tapping a former Mattel Brands executive, Neil Friedman, to serve as president of its U.S. business.
- Monday was Larry Page’s first day back as Google’s chief executive, and the management shake-up at the top has already begun as Jonathan Rosenberg, Google’s SVP for product management, will soon leave the company, Google said.