retail news in context, analysis with attitude

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

Reuters reports that "shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co. fell more than 1 percent, while Whole Foods Market dropped 2.8 percent."

To be fair, though, the Dow Jones Industrial Average also closed the week still above 20,000, a level never before achieved and attributed to many by general business optimism about how the nation's economy will fare in a deregulatory climate.

New Brunswick Today in New Jersey is reporting that Key Food plans to rebrand all of its stores in the Garden State, changing them from "Key Food Marketplace" to "SuperFresh," adopting a banner that it bought from A&P early last year.

The story notes that "In 2015, Key Food purchased 23 stores from bankrupt A&P reportedly saving some 1,800 jobs in NY and NJ, where A&P’s, Food Basics, and Food Emporium’s, Pathmark’s, and Waldbaum’s stores were located."

Maybe this is a bit of an overreaction and probably the Key Foods folks know more than I do ... but just on principle and a yearning for decent karma, I think I'd stay as far away from anything remotely connected to A&P as I possible could.

• The Wall Street Journal reports that "H. Fisk Johnson, the chairman and chief executive of SC Johnson in Racine, Wis., is giving $150 million to the Cornell College of Business, which will be renamed the Cornell SC Johnson College of Business. Mr. Johnson said he expects the gift will be half from him and half from his company."

The donation is said to be the largest single gift to Cornell’s Ithaca campus, according to the university. And, "the donation includes a matching portion; the Johnson family will provide an extra $25 for every $75 raised by others, up to $50 million. If completely realized, Cornell would raise $300 million."

Sort of puts the couple of hundred bucks I gave last year to my school, Loyola Marymount University, into stark relief. Yikes.
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