retail news in context, analysis with attitude

Fortune has an interview with PepsiCo CEO Indra Nooyi in which she takes issue with those who suggest that her company ought to split itself into two, breaking apart its food and beverage businesses.

According to the story, "Nooyi argues that the company’s broad portfolio of products and size make it even more important with retailers desperate to bring shoppers into their stores."

“Our portfolio works, we have scale," she says. "We go to large retailers and talk about how to drive our collective business. We generate a lot of cash for retailers because we are in high velocity categories, and so retail CEOs want to sit down and talk with us … “Last week, I was at a meeting with Wal-Mart. I don’t think the Wal-Mart CEO is going to spend time with me if PepsiCo is not so big and so important.”

• The Associated Press reports that Walgreen "is testing a new telemedicine service that lets patients see a doctor without leaving home or visiting any of the drugstore chain's clinics … patients in California or Michigan can now contact a physician around the clock through Walgreen's mobile application for smartphones or tablet computers.

"The virtual visits cost $49, and doctors can diagnose and treat problems that aren't emergencies and don't require a physical exam, such as pink eye or bronchitis. The physicians, who are licensed to practice in the patient's state, also can write prescriptions."
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