retail news in context, analysis with attitude

...with brief, occasional, italicized and sometimes gratuitous commentary...

• Supervalu-owned Shaw's Supermarkets announced that "two of its Rhode Island locations reached a major environmental milestone in the company’s “zero waste” program. By diverting more than 90 percent of store waste from local landfills, the Barrington and Cranston locations become the latest stores to reach this significant achievement in the Shaw’s zero waste program.

"Accomplished through an innovative approach to recycling, organic composting and food donations, the goal of the Shaw’s zero waste program is to eliminate landfill waste from operations. Each store now maximizes recycling, food donations, organic composting and overall waste reduction so less trash is placed in local landfills. Additionally, every Shaw’s location is diverting all of its organic materials, soft plastics, hard plastics, and all of its paper and cardboard."

Twin Cities Business reports that Supervalu is not the only troubled retailer handing out retention bonuses to senior executives.

The story says that "Best Buy Company, Inc., doled out $2 million in cash, and stock awards valued at roughly $8 million, to four executives. The electronics retailer, which has seen a recent exodus of key leaders and is now searching for a permanent CEO, said in a regulatory filing that the awards are 'necessary to enable a stable CEO transition and appropriate continuity of leadership'."

Must be something in the Minnesota water causing delusions of grandeur and simultaneous tone-deafness.
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