As part of its growth plan, Wal-Mart’s U.S. division plans to spend more on remodeling existing stores and less on opening new ones, according to MarketWatch.com. Capital spending for Wal-Mart’s U.S. presence is expected to drop by about a third to $5.8 billion to $6.4 billion for 2009, down from $9.1 billion in 2008, Eduardo…
NPD: Restaurant Deals Trigger Modest Gains
Discounted prices, dollar menus and other promotions are driving customer traffic and keeping the restaurant industry in the black, according to Chicago-based market research company The NPD Group. NPD said total restaurant industry traffic was up 1% for the quarter ending August 2008, with the modest gain driven almost entirely by deals and discounts. As…
Manitowoc Completes Enodis Acquisition
Wisconsin-based Manitowoc Company Inc. said it has completed the acquisition of Enodis plc, a designer and manufacturer of commercial foodservice equipment. The $2.7-billion acquisition establishes Manitowoc among the world’s top manufacturers of commercial foodservice equipment, though the company also makes cranes and lifting solutions for the global construction industry. The Manitowoc-Enodis integration creates a company…
Ahold May Expand Giant Brand
Dutch retail group Ahold said it plans to expand its Giant chain in the U.S. with the launch of Giant and Go convenience stores, Just-Food reported. A spokesperson for the company told a Just-Food reporter that the new format, which will be launched in Lancaster, Pa., will feature eight fuel pumps and a selection of…
Mike And Ike Adds Berry Blast Variety
Mike and Ike candy-maker Just Born Inc. has introduced some new flavors to its Berry Blast variety, including strawberry, peach berry, wild berry, blueberry and blue raspberry. Mike and Ike’s Berry Blast flavors will be available in March. “We are excited about the new Mike and Ike Berry Blast variety,” said Donald Houston, senior brand…
Truckstop Diesel Volumes Increase
Diesel volumes at truckstops increased in September over 2007 volumes, according to a fuel survey conducted by NATSO, an association representing 1,100 truckstops and travel plazas. The September results marked the first year-over-year increase in diesel sales volumes since April and followed a sharp 7.8 percent decline in August. NATSO’s survey showed that diesel sales…
Fuel Continues to Tumble
By Brian L. Milne, Refined Fuels Editor for DTN In a growing number of metropolitan markets, gasoline prices at retail outlets have fallen below their price a year ago, and are still headed lower as demand tumbles on driver conservation and amid a troubled economy. Wholesale markets are factoring in greater decreases in gasoline prices,…
Cenex Adds Gift Card Program
CHS Inc. has launched a new Cenex Winter Gift Card Campaign, just in time for retailers to capitalize on an expected increase in demand for gift cards that can be used to pay for household essentials. The winter campaign includes all new in-store merchandising, three fresh gift card designs and professional installation services for retailers,…
Worsley Expands with TNS
Worsley Operating Corp. is extending its broadband network to cover the Lil Cricket brand it acquired earlier this year, after signing a new deal with Transaction Network Services. The new deal builds on the success Worsley has achieved with TNS’ FusionPoint solution since switching to broadband just two years ago. Based in Wilmington, N.C., Worsley…
Fresh & Easy Adds 11 Stores in Arizona
Fresh & Easy Neighborhood Market said it has announced the locations of an additional 11 Fresh & Easy markets in Arizona. The convenience chain, a spinoff of UK-based Tesco, has 26 stores operating in that state, with another store scheduled to open Nov. 13. All 11 of the newly announced sites are in Phoenix and…