retail news in context, analysis with attitude

• Pittsburgh-based multi-format food and fuel retailer Giant Eagle Inc. is scheduled to open the company’s second Giant Eagle Express, a new 14,500 square-foot neighborhood grocery store, in Indiana today.

“Our new Indiana Giant Eagle Express features all of the fresh food offerings customers expect from Giant Eagle, in a contemporary, neighborhood grocery format,” said Vice President of Giant Eagle Express Dave Daniel. “Since the 2007 introduction of our first Giant Eagle Express in the Pittsburgh area, customers found the ability to get fresh and high quality meal solutions in a fast and friendly manner.”

• Kraft Foods shareholders yesterday overwhelmingly approved Mondelez International as the new name for the snack foods company that is being spun off from Kraft later this year.

As the New York Times story notes, "the name is meant to evoke the global ambitions of the new snack business, which will take on the titan Frito-Lay, and pique the palate as well with its nod to the words for 'world' and 'delicious' in a variety of romance languages."

• The Associated Press reports that Jon Moeller, CFO at Procter & Gamble, said yesterday that "the company will not accelerate its expansion as it seeks to resume building its market share and improve its operating results." The story notes that while P&G, like a number of other companies, "has sought growth in emerging markets like Latin America and India as sales slowed in developed markets ... high costs and issues like supply chain shortages, coupled with costs related to expanding, have led to disappointing results and shrinking market share for P&G, which lowered its fiscal-year guidance in April."

"In retrospect we may have overextended ourselves a bit with the pace of our portfolio and geographic expansions," Moeller tells AP. "Had we anticipated the commodity cost increases and markets contractions in developed markets that we ultimately experienced, we might have chosen a slightly slower pace."
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