retail news in context, analysis with attitude

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

• The Wall Street Journal reports that "Coca-Cola Enterprises Inc. said it plans to cut its calories per liter 10% by 2020 as consumers continue a shift toward more healthy beverage options ... The new goals are influenced by strong stakeholder feedback, said the company’s director of corporate responsibility, Joe Franses. The company also plans to halve its carbon footprint by 2020, having already reduced its by 29%, in absolute terms, since 2007."

MarketWatch reports that in response to an investors union in the Netherlands,. Ahold said yesterday that it "would eventually explain the timing of its disclosure of talks between it and rival Delhaize last month."

"We cannot comment further at this time, without disclosing the nature and status of the preliminary talks", the company said. "We will continue discussing this subject at a later time," Ahold said in a prepared statement.

• The Minneapolis/St. Paul Business Journal has a story saying that Supervalu gave Sam Duncan, its president/CEO, a 40 percent raise last year, increasing his total compensation to $6.92 million, up from $4.95 million in 2014.

According to the story, "Duncan's jump in pay this year was mainly a result of a large stock award he received for the company's continued positive turnaround, which includes improved same-store-sales, adjusted earnings and shareholder returns, among others metrics, according to the company's proxy. Supervalu's total market capitalization grew from $1.59 billion at the end of fiscal 2014 to $2.59 billion at the end of fiscal 2015."

I don't begrudge anyone the right to make as much money as they can. But I wonder if it is a little hard to sell much smaller raises to employees when you've gotten a 40% bump? Optics matter.

Reuters reports that the US Department of Agriculture (USDA) is predicting that "the average price of a dozen eggs in the United States will climb to a record this year because of the nation’s worst-ever outbreak of bird flu in poultry." The USDA "increased its forecast for the price of Grade A large eggs in New York: $1.60 to $1.66 per dozen. That is up from its May estimate of $1.30 to $1.36 and tops last year’s average price of about $1.42, which was a record high, according to government data. In the fourth quarter, the report says, eggs will average $1.73 to $1.87 per dozen."
KC's View: