retail news in context, analysis with attitude

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

• The Associated Press reports that Hershey is suing TinctureBelle LLC and TinctureBelle Marijuanka LLC, accusing the two companies of making marijuana-infused candies that "too closely resemble" its own products. The suit specifically claims that "TinctureBelle’s Ganja Joy, Hasheath, Hashees and Dabby Patty mimic Hershey’s Almond Joy, Heath, Reese’s peanut butter cups and York peppermint patty candies, respectively."

This may explain Maureen Dowd's pot-themed column in the New York Times a week or so ago.

• The Wall Street Journal reports that Carl Icahn has taken a 9.4 percent stake in Family Dollar, spending $265.8 million for the shares, and plans to push for strategic changes in the company's direction as well as some board seats.

According to the story, "In emerging as a big shareholder of the Charlotte, N.C.-based retailer, Mr. Icahn joins a host of high-profile investors. Nelson Peltz's Trian Fund Management LP has been the discounter's largest shareholder with 8.4 million shares, or 7.4% of shares outstanding, as of the most recent data available. Paulson & Co. has almost 6.5 million shares, a 5.7% stake."

• The New York Times this morning reports that Tyson is expected to be the victor in the battle for Hillshire Brands, having outbid Pilgrim's Pride to acquire the manufacturer of Jimmy Dean sausages and Ball Park hot dogs. Details of the winning offer have not yet been divulged.
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