retail news in context, analysis with attitude

• HJ Heinz reported that its second quarter revenue was up four percent to $2.61 billion, noting that while volume slipped 1.3 percent because of consumers’ economic concerns, a 7.1 percent price increase created the revenue increase.

• JM Smucker said that its Q2 sales were up 19 percent to $843.1 million, and similarly cited price increases as the primary driver.

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