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• The Wall Street Journal reports that Campbell Soup “is planning to put its soups in new packages, such as pouches, as part of its plan to spark growth in its namesake business ... Campbell will by no means abandon selling its soup in cans, but is expanding its packaging into new areas and planning to add soups with bolder flavors - including Thai tomato coconut and tomato roasted garlic bacon - to appeal to what it sees as a new consumer landscape.”

The iconic soup company also said this week, the Journal writes, “that it will expand its flagship brand into the simple-meals category with a line of ‘Skillet Sauces’ that can be added to cooked chicken or beef to create a quick meal. The products are among the more than 50 new products it is planning to launch in its next fiscal year.”

Nam News reports that Target CEO Gregg Steinhafel said yesterday that the company plans to convert only 230 stores to its P-fresh format in 2012, compared to 400+ stores converted last year.

“Over time as we completed and we [complete revamps in] those markets, we believe that this cadence is a more appropriate cadence as we go forward,” Steinhafel said. “Secondly, we're working on a lower cost investment on some of these, and so we're just looking at extending out the program a little bit.”

• The Associated Press reports that as part of a cost-cutting effort, Procter & Gamble plans to eliminate 5,700 jobs over the next 18 months; P&G said that “ it hoped to save $10 billion by the end of the fiscal year ending in June 2016.”
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