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					                                              Monthly intelligence report
                                     A quick look at the world of retail and more…
                                                                     by Gerardo Orvañanos

News for March 2009.
Wal*Mart. –
WAL-MART WINS AS SUPERCENTERS STAMPEDE SUPERMARKETS
Wal-Mart`s success in the recession is in significant measure due to its embrace of the supercenter format, the only one in the food,
drug and discount store universe that enjoyed increased shopping frequency last year. Supercenter shopping frequency, a measure of
how often customers stop by the store, gained 0.7% percent last year despite the slowing economy, according to TNS Retail Forward.
(Source: BNET) 2/27/2009

ASDA STEPS UP UK PRICE WAR WITH 5,000 MORE CUTS
Asda, Britain`s second-biggest grocer, is cutting prices on a further 5,000 staple products from this weekend, it said on Thursday,
stepping up the battle to attract shoppers hit by the economic downturn.
(Source: Reuters) 2/26/2009

ASDA SALES UP IN FEBRUARY
Sales at Asda remained strong last month with food continuing to outperform, according to parent Wal-Mart`s February sales results.
(Source: Retail Week) 3/6/2009

ASDA PLANS ONLINE FORUM TO INCREASE PRICE TRANSPARENCY
Asda is gearing up for the launch of an interactive online forum to engage with customers as it continues its drive for "absolute
transparency".
(Source: Retail Week) 3/6/2009

WAL-MART REPORTS BETTER-THAN-EXPECTED FEBRUARY SALES
Wal-Mart Stores Inc reported a higher-than-expected 5.1 percent rise in February sales at U.S. stores open at least a year, saying lower
gas prices meant shoppers had more money to spend in its discount stores.
(Source: Yahoo!) 3/5/2009

WAL-MART SHOWS RETAIL DIFFERENCES IN U.S., CANADA
Wal-Mart Stores Inc. is the clear beneficiary of recessionary blues in the United States; the mass merchant vastly exceeded its own
sales projections in February, but in Canada sales at stores open for more than a year actually fell during the month.
(Source: Financial Post) 3/5/2009

WAL-MART PICKS TWO WESTSIDE SITES FOR MARKET CONCEPT
Wal-Mart Stores Inc. plans to open two Neighborhood Market grocery stores in Wichita, possibly within a year. The new stores are a
direct challenge to Dillons, the market leader, which has stores across the street.
(Source: bizjournals.com) 3/6/2009

MEXICO`S WALMEX SEEN POSTING DROP IN FEB SALES
Top Mexican retailer Walmex could post a decline in February same-store sales, hurt by a sharp economic slowdown and a shorter
month, according to a survey of five analysts.
(Source: Reuters) 3/2/2009

WAL-MART SINKS TEETH INTO DVD
Thanks to sales that are outpacing pretty much the rest of the retail segment; Wal-Mart is having its day. With a robust marketing
program around the upcoming DVD release of the vampire movie Twilight, the value-priced retailer hopes to also own the night.
(Source: DM News) 3/9/2009

WAL-MART, MICHAELS SWAP EXECUTIVES
Wal-Mart Stores Inc said on Monday it hired former Michaels Stores Inc Chief Executive Brian Cornell as the president and CEO of
its Sam`s Club warehouse business, effective April 3. And in a game of corporate musical chairs, Michaels said it hired former Wal-
Mart vice chairman and chief administrative officer John Menzer as its new CEO.
(Source: Washington Post - free registration) 3/9/2009

                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              1
CORNELL TO LEAD SAM`S CLUB
Wal-Mart Stores has named Brian Cornell president and chief executive officer of Sam`s Club, effective April 3.
(Source: Home Furnishings News) 3/10/2009

WAL-MART TO ENTER ELECTRONIC MEDICAL RECORDS BUSINESS
As the Obama administration begins investing billions in health information technology, Wal-Mart Stores Inc. plans to use its
unrivaled size to bring high-tech medical records to U.S. physicians.
(Source: LA Times - free registration ) 3/11/2009

WAL-MART LOOKS TO HISPANIC MARKET
Wal-Mart plans to open its first Hispanic-focused supermarkets this summer in Arizona and Texas as the largest US retailer continues
its drive to expand its dominance of the US grocery business.
(Source: FT.com) 3/12/2009

WALMART PUTS HISPANIC RETAILING EFFORTS INTO HYPERDRIVE
Walmart is accelerating its efforts to better service Hispanic shoppers in the U.S. with plans to open new small-format "supermercado"
stores, as well as a Latino-focused version of its Sam`s Club warehouse concept this year.
(Source: Convenience Store News) 3/16/2009

 WAL-MART SAYS IT IS WIDENING COMPETITIVE GAP
 Wal-Mart Stores Inc. says it is pulling even further ahead of its rivals as it racks up solid sales gains and steals customers away from
 retailers across the globe.
 (Source: Business Week Online) 3/12/2009

 WAL-MART TOSSES A PR `JUMP BALL`
 Seeking to capitalize on its sales strength during the recession and maintain those gains when the economy recovers, Wal-Mart
 Stores Inc. plans to hire five public relations firms to promote its products
 (Source: Wall Street Journal-subscription required) 3/12/2009


WAL-MART REVAMPS OWN LABEL AMID STORE BRAND BOOM
Wal-Mart is stepping up the competition to draw cost-conscious shoppers, promising that store-brand products from cereal to cookies
will be tastier, smell better and look more attractive.
(Source: Forbes) 3/16/2009

WALMART CANADA TO CUT PRICES DURING MARCH BREAK
Wal-Mart Canada said on Tuesday it is cutting prices on a string of staple products because many Canadians are staying home during
March Break school holidays and buying basics, rather than shopping for extras for their travels.
(Source: Reuters) 3/17/2009

WAL-MART INCREASES EMPLOYEE BONUSES
Wal-Mart Stores Inc. handed out $933.6 million in bonuses to its rank-and-file U.S. workers on Thursday, an increase of 46.7%
compared to last year. The timing of the bonus announcement comes a little over a week after both houses of Congress introduced the
Employee Free Choice Act, legislation that would make it easier for employees to unionize, something that Wal-Mart has long
opposed and is lobbying hard against.
(Source: Wall Street Journal-subscription required) 3/19/2009

WAL-MART`S RETAIL MUSCLE HELPS EXPAND DRUG SALES
Wal-Mart Stores Inc., the world`s largest retailer, is using its heft to offer lower-cost prescription drugs and stepping up competition
with pharmacies at CVS Caremark Corp. and Walgreen Co.
(Source: Bloomberg) 3/26/2009

WALMART EXPANDS HOME PORTFOLIO WITH LAUNCH OF NEW BRAND
Walmart today announced the launch of Your Zone, a new home furnishings collection for teens now arriving in stores nationwide
and on Walmart.com. The introduction of the teen brand is another way Walmart delivers on its promise to help people save money so
that they can live better.
(Source: Yahoo!) 3/25/2009

                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              2
WAL-MART RESPONDS TO THE 'EARTH HOUR' POSITIVELY WITH SUPPLIERS
Launched by the World Wide Fund for Nature (WWF), co-hosted by Wal-Mart, Procter & Gamble and Hewlett-Packard, the a week-
long promotion of "Earth Hour" gives its opening at Beijing Jianguo Road Store in the Wal-Mart shopping plaza.
(Source: China Chain Store & Franchise Assn.) 3/24/2009

UPSCALE GROCERY STORES LOSE CUSTOMERS TO KROGER, WAL MART
Shoppers are turning to private-label brands in traditional grocery stores rather than shopping at gourmet markets. They are altering
their diets in order to accommodate more economical food choices, Information Resources found.
(Source: STLToday.com) 3/25/2009

HOW WALMART OWNS THE CONCEPT OF VALUE ONLINE
There aren`t too many places where Walmart isn`t dominant. The digital realm is one of the relative few, but not for long, as it ramps
up a host of programs to vault the chain, which has already distanced itself from value retailers in the offline world, further ahead in
the online one.
(Source: Ad Age - Free Registration) 3/30/2009

WAL-MART CLOSING OPTICAL LAB, 650 JOBS AFFECTED
Wal-Mart Stores Inc is closing an optical lab in Ohio that employs roughly 650 workers, the world`s biggest retailer said on Friday.
(Source: Yahoo!) 3/28/2009

Other retailers. –
TESCO TRIES TO HIT A U.S. CURVEBALL
In 2007, as it rolled out ambitious plans to break into the U.S. market, British retailer Tesco PLC emphasized the high-quality foods at
its Fresh & Easy supermarkets. Fifteen months, 114 stores and a deep recession later, the company has made big changes to its
strategy: steep price cuts, aggressive advertising and a new budget brand.
(Source: Wall Street Journal-subscription required) 3/2/2009

TESCO TO CREATE 200 JOBS IN FINANCIAL SERVICES
Tesco will create more than 200 jobs in Edinburgh as it expands its financial services operation.
(Source: Retail Week) 3/3/2009

TESCO TO LAUNCH LINGERIE RANGE
Tesco has signed up Michelle Mone, founder of lingerie specialist Ultimo, to design a range for its supermarkets. Tesco said that if the
lingerie range sells well in the UK it could roll it out to its stores worldwide.
(Source: Retail Week) 2/26/2009

TESCO: THE 2ND ENERGY-SAVING STORE IN ZHEJIANG HAS OPENED
On February 28, 2009, TESCO Taizhou Jiaojiang Store opened in Jiaojiang District, Taizhou, Zhejiang Province grandly, which is the
2nd energy-saving store in Zhejiang of the international retail giant TESCO also.
(Source: China Chain Store & Franchise Assn.) 3/4/2009


 TESCO ADOPTS PACKAGED SOFTWARE FOR WEB PUSH
 Tesco is to introduce packaged software from ATG to support its e-commerce business. Until now, Tesco.com has run on an e-
 commerce platform developed in-house.
 (Source: Retail Week) 3/11/2009

TESCO AIMS TO TAKE ON DISCOUNT STORES
Tesco Polska has decided that it will try to compete directly with Biedronka and Lidl, as well as take over some clients from Bomi and
Alma.
(Source: Warsaw Business Journal) 3/16/2009

TESCO FINDS SMALL CONSUMER CHANGES ADDING UP
Customers are becoming much more disciplined in the way they shop, and it`s a trend that`s here to stay, Tesco UK marketing director
Carolyn Bradley asserted today at the Retail Week Conference.
(Source: Retail Week) 3/18/2009


                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              3
SHOPPERS LAP UP TESCO`S INCREASED LOCAL PRODUCE
Tesco has revealed sales of locally sourced products have soared 30 per cent in the calendar year to date. The grocer initiated a
strategy two years ago to ramp up its local produce.
(Source: Retail Week) 3/27/2009

TESCO PLANS 30 NEW BANK BRANCHES
Tesco plans to open 30 bank branches in its stores by the end of 2009 as it expands its personal finance brand.
(Source: BBC News) 3/30/2009

TARGET SET TO OPEN STORE IN WAL-MART`S BACKYARD
Target Corp. will open its third Northwest Arkansas store, it will be only the eighth Target store in all of Arkansas and the first in
Benton County, Wal-Mart`s home turf.
(Source: Northwest Arkansas News Source) 3/1/2009

TARGET TO OPEN TWENTY-SEVEN NEW STORES
Target today announced the opening of 27 new stores including its first two locations in Hawaii. The new stores, which include 21
general merchandise Targets and six full-grocery Super Targets, will hold a grand opening on Sunday, March 8.
(Source: Yahoo!) 3/3/2009

TARGET SAME-STORE SALES DOWN 4.1% IN FEB., TOPPING ESTIMATES
Target Corp. said Thursday that sales at stores open at least a year fell by 4.1% in February. Total sales for the four weeks ended Feb.
28 were unchanged at $4.37 billion.
(Source: Market Watch) 3/5/2009

TARGET`S GROCERY PROBLEMS
According to an article in Pioneer Press of St. Paul, MN, Target is losing market share to Wal-Mart partly due to its weak position in
groceries. The core problems are the discounter`s lingering perception as an apparel retailer as well as its higher food prices.
(Source: Retail Wire - free registration) 3/9/2009

TARGET WILL OPEN FEWER STORES IN `09
Target Corp. expects the sagging economy to continue to weigh down its sales this year and plans to conserve cash by slowing down
new store openings, the company said Friday in a securities filing.
(Source: bizjournals.com) 3/14/2009

LOBLAW`S NO NAME: DISCOUNT BRAND OR NATIONAL?
Loblaw Companies wants consumers looking to save coin on groceries to think yellow and consider its private No Name label a value
alternative to national brand competitors.
(Source: strategymag.com) 3/1/2009

LOBLAW LOOKING TO SHIFT WORKERS TO FULL TIME
Loblaw Cos. Ltd. is looking at shifting more of its employees to full-time positions from part-time as a way to boost productivity and
reduce high rates of staff turnover.
(Source: The Globe and Mail) 3/5/2009

WALGREENS FEBRUARY SAME-STORE SALES FALL 1.9%
Drugstore chain Walgreens said Tuesday that its February sales rose 3.4% to $5.09 billion. Comparable-store sales decreased 1.9%.
Comparable non-pharmacy sales fell 3.5%. Comparable pharmacy sales decreased 0.9 percent.
(Source: Market Watch) 3/3/2009

WALGREENS EMBRACING RFID TAGGED DISPLAYS WHILE WAL-MART BACKS OFF
Just a couple weeks after word got out that Wal-Mart and Procter & Gamble had backed off their support for RFID tags on marketing
displays comes the news that the nation`s largest drugstore chain, Walgreens, is boosting its support for the very same RFID tagging
of promotional displays.
(Source: Storefront Backtalk) 3/5/2009

IS WALGREENS THE US RETAIL LEADER IN RFID DEPLOYMENT?
Suddenly, fast growing drug store chain Walgreens is emerging as the leading retail adopter of RFID systems.
(Source: Supply Chain Digest) 3/10/2009
                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              4
WALGREENS WITHDRAWING PHARMACIES FROM WASHINGTON STATE`S MEDICAID PROGRAM
Walgreen Co. said Monday it will withdraw 44 of its 111 pharmacies in Washington state from that state`s Medicaid program,
representing more than 60 percent its Medicaid business in Washington, due to what it called "extreme reimbursement cuts."
(Source: Chicago Sun Times) 3/30/2009

COSTCO PROFIT DROPS 27 PERCENT
Costco Wholesale Corp said on Wednesday its second-quarter profit fell 27 percent, as the No.1 U.S. warehouse club operator cut
prices to win market share during the year-end holiday season.
(Source: Yahoo!) 3/4/2009

COSTCO TO SNAP UP PROPERTY WHILE PRICES ARE LOW
Costco Wholesale Corp. plans to take advantage of the distressed real estate market to open stores this year, even as sales decline
because of the recession, its chief executive said on Thursday.
(Source: Reuters) 3/19/2009

BJ`S WHOLESALE CLUB 4Q PROFIT UP ON SETTLEMENTS
BJ`s Wholesale Club says its fiscal fourth-quarter profit rose 5 percent partly on favorable state income tax audit settlements. The
nation`s third-biggest warehouse club says its earnings climbed to $52.7 million, or 91 cents per share, from $50.2 million, or 80 cents
per share, in the same quarter a year ago.
(Source: New York Times - free registration) 3/4/2009

BIG LOTS REPORTS RECORD RESULTS
Big Lots, Inc. today reported net income of $78.8 million, or $0.96 per diluted share, for fourth quarter of fiscal 2008.
(Source: Yahoo!) 3/4/2009

UK: SAINSBURY`S ACQUIRES STORES FROM CO-OPERATIVE GROUP
Sainsbury`s has announced the acquisition of 24 stores from the Co-operative Group, comprising 22 Somerfield branded stores and
two Co-operative branded stores.
(Source: Kamcity.com) 3/4/2009

COLES HEIGHTENS PRESSURE ON SUPPLIERS
Coles, Australia`s second largest supermarket operator, has been criticized for allegedly threatening suppliers with the removal of
product lines if they decline a 4 per cent increase in trading rebates.
(Source: Australian Food News) 3/3/2009

AHOLD Q4 EBIT UP 49 PCT, BEATS ESTIMATES
Dutch supermarket group Ahold reported on Monday that its fourth-quarter operating profit rose 49 percent, thanks to its revamped
U.S. grocery stores and a solid base in its home market.
(Source: Reuters) 3/2/2009

RITE AID`S FEBRUARY SAME-STORE SALES DOWN 0.9%
Rite Aid Corporation said Thursday that its February sales at stores open at least one year fell 0.9%. Total drugstore sales for the five-
week period decreased 2.4% to $2.549 billion compared to $2.613 billion for the same period last year.
(Source: Market Watch) 3/5/2009

RITE AID OFFERING ONE FREE 30-DAY GENERIC DRUG PRESCRIPTION
Rite Aid is offering customers one free 30-day generic drug prescription if they sign up for a Rite Aid RX Savings Card at any of
Georgia`s 212 Rite Aid pharmacies.
(Source: bizjournals.com) 3/30/2009

FAMILY DOLLAR SECOND-QUARTER SALES RISE 8.7%
Family Dollar Inc. said Thursday that its fiscal second-quarter sales at stores open at least one year rose 6.4%. Net sales for the 12
weeks ended Feb. 28 rose 8.7% to about $2 billion.
(Source: Market Watch) 3/5/2009

KROGER POSTS HIGHER FOURTH-QUARTER PROFIT
Kroger Co, the No. 1 U.S. grocery store chain, posted a higher quarterly net profit on Tuesday, helped by strong sales of its namesake
                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              5
grocery brands.
(Source: Reuters) 3/10/2009

CVS SHUTS 90 MINUTECLINICS FOR THE SEASON, CITING DEMAND
CVS Caremark Corp. has placed about 16% of its retail Minute Clinic locations on a seasonal schedule, closing their doors for the
time being, while keeping other drugstore clinics open in those markets, a company spokeswoman said Monday.
(Source: CNN/Money) 3/9/2009

CARREFOUR TO CUT COSTS AS TRADING CHALLENGING
France`s Carrefour plans to cut costs and increase price promotions to bolster sales this year as trading remains challenging after it
posted a slight rise in 2008 operating profit.
(Source: Reuters) 3/12/2009

CARREFOUR UPBEAT ON MALAYSIAN OPERATIONS
Carrefour remains optimistic on the performance of its Malaysian operations this year and will continue with expansion plans.
(Source: The Star Online) 3/5/2009

CARREFOUR TO OPEN 1ST MOSCOW STORE IN MAY
French hypermarket chain Carrefour is on track to open its first store in Moscow in May, a long-awaited move by the world`s No.2
food retailer into Russia, real estate sources told Reuters.
(Source: Reuters) 3/25/2009

GROCERY GIANT COSTCO MOVING IN
Supermarket giants Coles and Woolworths will have a new kid on the block to go up against later this year with cut-price international
grocery warehouse Costco set to open in Melbourne.
(Source: Business Spectator) 3/13/2009

WHOLE FOODS OPENS: WILL THE PRICE BE RIGHT?
The arrival of Whole Foods Market, the organic giant opening its first store in Santa Cruz today, is bound to tempt local shoppers. But
grocery analysts say whether customers actually switch loyalties will depend on what kind of value they get for their dollars. Last
May, Retail Forward reported 20 percent of shoppers have changed where they purchase groceries because of the economy.
(Source: Santa Cruz Sentinel) 3/18/2009

MEIJER ANNOUNCES $27 MILLION INVESTMENT IN MICHIGAN DISTRIBUTION FACILITY
Retail supercenter chain Meijer will begin a major expansion of the company`s distribution center in Newport, Mich. Meijer unveiled
the project today at a news conference held to announce the Michigan Economic Growth Authority board`s approval of a state tax
credit associated with the project.
(Source: Yahoo!) 3/17/2009

METRO CASH & CARRY TO LAUNCH PRIVATE LABELS
Metro Cash & Carry India, the Indian arm of German-based retailer Metro Cash & Carry, plans to launch its private labels in the food
and non-food category in India, reports The Economic Times.
(Source: Indiaretailing.com) 3/17/2009

MEXICO: COMERCI GETS SOME BREATHING SPACE
Comercial Mexicana (Comerci), Mexico`s third-largest supermarket chain, has announced that it has reached a new deal with four of
its key creditors, and has received some more time to restructure its debt.
(Source: Kamcity.com) 3/24/2009

Manufacturers.-
GAP TRIES BRANDING TO BOOST SALES
Does a brand identity really matter when people have turned away from shopping? Gap Inc. CEO Glenn Murphy sure thinks so.
That`s why he launched a new advertising campaign for Old Navy Thursday.
(Source: CNN/Money) 2/27/2009

GAP TO OPEN STORE TO SELL ACCESSORIES
The country`s largest specialty retailer is going limited edition. In May, Gap Inc. will open Edition by Banana Republic, a 1,500-
square-foot accessories store, in San Francisco. The store is a test of a new boutique concept that will feature limited edition handbag
                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              6
and jewelry collections that are unique to Edition, as well as an assortment of regular Banana Republic shoes, sunglasses, personal
care items and seasonal accessories.
(Source: bizjournals.com) 3/20/2009

TROUBLE IN STORE FOR SHOPPER MARKETING?
Package-goods marketers have been plowing more money into in-store marketing as the economy worsens, betting that financially
strapped consumers need a harder sell.
(Source: Ad Age - Free Registration) 3/2/2009

LEAPFROG`S 2008 WEB SALES JUMP 20%
Web sales at Leapfrog Enterprises Inc., a developer and retailer of learning products for children, rose about 20% to $16 million for
the year ended Dec. 31, as total sales rose 4% to $459.1 million from $442.3 million.
(Source: Internet Retailer) 3/3/2009

LIZ CLAIBORNE LOSS SMALLER THAN EXPECTED
Fashion company Liz Claiborne Inc reported a quarterly loss on Wednesday that was smaller than analysts expected though within the
company`s forecast. Net sales fell 22.2 percent to $911.2 million.
(Source: Reuters) 3/4/2009

SHOPPERS TWEAKS FOR DOWNTURN
While economists debate the length and depth of the recession, Shoppers Drug Mart Corp. has gone ahead and planned for a two-year
downturn.
(Source: The Globe and Mail) 3/5/2009

SNAPPLE PULLING OUT STOPS FOR PRODUCT
Dr Pepper`s Snapple brand is doing the biggest overhaul of its look and formula in its 37-year history and backing the changes with its
biggest media buy and ad push to date. "This is the biggest thing we have done on the brand since inception," says Bryan Mazur, VP
of marketing for Snapple.
(Source: Media Post - free registration) 3/6/2009

BARBIE SETS UP SHOP IN SHANGHAI
Mattel Inc., the world`s biggest toy maker, shunned London and Paris for the first dedicated store of its bestselling toy and chose
instead a six-story building in Shanghai`s main shopping district.
(Source: The Globe and Mail) 3/6/2009

NEW BALANCE LAUNCHES TOTAL FIT GLOBAL BRAND CAMPAIGN
Global athletic leader New Balance debuts a brand campaign this month that reinforces the brand`s heritage in performance running
and introduces its Total Fit philosophy, the complete dedication to achieving the perfect fit.
(Source: Yahoo!) 3/5/2009

UNILEVER, GROCER END SPAT
European grocer Delhaize SA and a big supplier, Unilever NV, ended an unusually public spat after Unilever mounted an aggressive
push to steer shoppers away from the Belgian retailer.
(Source: Wall Street Journal-subscription required) 3/9/2009

UNILEVER TEAMS WITH TESCO
Britain`s biggest consumer goods company, Unilever, teamed up with the nation`s biggest retailer, Tesco, to see if the pair can get
shoppers to spend more money in convenience stores by reorganizing aisles, according to a report in the Financial Times.
(Source: Convenience Store News) 3/10/2009

P&G GIVES ITS MARKETERS A CRASH COURSE IN SOCIAL MEDIA
Procter & Gamble Co. paired 40 digital media and agency executives with 100 of its North American marketing directors in a contest
to sell Tide T-shirts for charity last night as its much-awaited "Digital Hack Night" became a four-hour reality show aired largely in
social media.
(Source: Ad Age - Free Registration) 3/12/2009

REVLON ANNOUNCES ALAN MEYERS AS CHIEF SCIENCE OFFICER
Revlon, Inc. announced today that Alan Meyers will join Revlon as Executive Vice President, Chief Science Officer, effective January
                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              7
1, 2010.
(Source: Yahoo!) 3/12/2009

BLACK & DECKER TO CUT SALARIES TO SHAVE COSTS
The Black & Decker Corp. says it`s cutting the base salaries of its top executives while ending its matching contributions to
employees retirement savings programs.
(Source: Business Week Online) 3/13/2009

MACY`S TEAMS UP WITH CLOROX
A deal between Cincinnati-based Macy`s and Clorox brings Clorox Disinfecting Wipes prime space in the retailer`s Herald Square
display windows on Seventh Avenue in New York and showcases the retailer`s spring clothing fashion line.
(Source: Cincinnati Enquirer) 3/17/2009

ESTEE LAUDER INTERACTS WITH CUSTOMERS VIA RFID
When shoppers at five stores in the United Kingdom and North America browse through Estee Lauder`s Lab Series Skincare for Men
products, the kiosk on which those items are displayed interacts with them. By lifting a product off the shelf, consumers can activate
and watch a video regarding that product that ceases playing when they return it to its proper place.
(Source: RFID Journal) 3/13/2009

COKE UNVEILS MARKETING PITCH FOR HISPANICS
The Coca-Cola Co. has launched a multi-media marketing campaign aimed at the nation`s 45 million Hispanics.
(Source: bizjournals.com) 3/26/2009

SAVEMART, KELLOGG`S LAUNCH `ASK THE SAVE MART PHARMACIST`
The pharmacies of SaveMart Supermarkets, as part of a co-sponsorship with Kellogg`s, on Friday announced the launch of its 'Ask the
SaveMart Pharmacist' segment.
(Source: Drug Store News - free registration) 3/27/2009

MARS ENCOURAGES WOMEN TO HAVE A FLING
Mars is prepping its first new candy brand since Twix nearly 20 years ago: a low-calorie chocolate bar dubbed "Fling," aimed at
women.
(Source: Ad Age - Free Registration) 3/27/2009

SARA LEE CONSIDERS SELLING HOUSEHOLD AND PERSONAL CARE UNIT IN EUROPE AFTER GETTING INTEREST
Sara Lee Corp., which makes Jimmy Dean sausages and Ball Park franks, said Monday that it is considering selling its household and
personal-care unit in Europe after receiving some "expressions of interest."
(Source: Minneapolis Star Tribune - free registration ) 3/30/2009

PEPSI TO TEST CLIMATE-FRIENDLY VENDING MACHINE LOCALLY
PepsiCo Inc. has chosen the Washington area for a pilot program to test the first climate-friendly vending machines in the country.
(Source: bizjournals.com) 3/30/2009

World.-
INDIA`S RETAIL REVOLUTION PUT ON HOLD
It was hailed as the 'great Indian retail revolution,' but a slowing economy and over-ambitious expansion have left many retailers
struggling with what analysts now say were hyped expectations.
(Source: Taipei Times) 3/2/2009

INDIA: ACCESSORIES A BIG DRAW FOR LEADING BRANDS
Accessories are now becoming a mainstream segment for many leading brands in the country, as they hope to make a mark in this
largely unorganized segment.
(Source: economictimes.indiatimes.com) 3/3/2009

A PASSAGE TO INDIA
When it comes to cracking the conundrum of the Indian consumer, the key to success is adaptability. The winners will be those who
enter into the fabric of society and work with Indians as partners.
(Source: Accenture) 1/1/2009

                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              8
UK: ONLINE SALES WILL CONTINUE TO BUCK ECONOMIC GLOOM
Online sales in the UK will continue to achieve steady growth of 6 per cent a year and hit #56bn by 2014.
(Source: Retail Week) 3/2/2009

US FEBRUARY SAME-STORE SALES IMPROVE, RETAIL FORWARD REPORTS
Same-store sales were better in February than January. Same-store sales eked out a composite gain of 0.4% for about 35 retailers
reporting monthly results today, Retail Forward reports. February`s result is an improvement from a sales-weighted composite decline
of 1.4% reported last month, but worse than the 2.7% composite gain reported in February of 2008.
(Source: Retail Forward) 3/5/2009

PAYROLLS SINK 651,000, JOBLESS RATE SOARS TO 8.1%
The weakness in U.S. labor markets has gathered extraordinary momentum, wiping away more than 2.5 million jobs over the past four
months alone, the Labor Department reported Friday. Average hourly earnings rose by 3 cents, or 0.2%, to $18.47 an hour, in line
with expectations. Average wages have risen 3.6% in the past year.
(Source: Market Watch) 3/6/2009

U.S. ECONOMY: JOBLESS CLAIMS EXCEED 600,000, PRODUCTIVITY FALLS
More than 600,000 Americans filed claims for jobless benefits for a fifth straight week, the worst performance since 1982, pointing to
a deteriorating job market that may deepen the spending slump.
(Source: Bloomberg) 3/5/2009

CANADIAN GROCERS SEE SUDDEN SHIFT TO FRUGALITY
Canadians are shifting away from premium products when they visit the supermarket as the recession bites deeper and consumer
confidence weakens, grocery chain executives said on Wednesday.
(Source: Reuters) 3/4/2009

CHINA`S HOME APPLIANCE INDUSTRY SLOWS IN 2008
Production of China`s home appliance industry shrunk in the second half of 2008 as export demand fell, the Ministry of Industry and
Information Technology said.
(Source: China Economic Net) 2/27/2009

CHINA: ANOTHER JAPANESE STORE EYES SHANGHAI
Japanese department store giant Takashimaya Co announced yesterday that it planned to spend 4 billion yen (US$42.3 million) to
launch its first store on China`s mainland in Shanghai in 2012 as it aims to participate in China`s growing retail market while domestic
sales in Japan continue to shrink.
(Source: China Chain Store & Franchise Assn.) 3/3/2009

RUSSIAN RETAIL: SHORT-TERM CHALLENGES, LONG-TERM PROMISE RETAIL FORWARD FORECASTS
Despite short-term challenges from price inflation and a growing global financial crisis, Russia`s long-term retail prospects remain
promising. Retail Forward forecasts the size of the Russian retail market to surpass $900 billion by 2012, more than doubling the size
of the country`s retail market in 2007.
(Source: Retail Forward) 3/17/2009

RUSSIA LUXURY DOWN WITH A BUMP IN 2009
The Russian capital, notorious worldwide for its exorbitantly priced restaurants, gridlocked traffic of sports utility vehicles and love of
excess is taking a massive hit as recession bites in the world`s fourth-largest luxury buyer.
(Source: Reuters) 3/29/2009




                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              9
Xrates vs. Dollar US




Graphs are based on US dollars
     The Mexican Peso is recovering (In April) as the Mexican government keeps supporting the currency.




        The Canadian Dollar (the loonie) looks like it is sliding vs. the USDlls.




        The Chinese RMB is starting to see some fluctuations




Consumer and market trends. –
FOLKS SHOPPING . . . JUST NOT AT HIGH-END STORES
Consumers, who have been hit by falling home values, declining retirement accounts, layoffs and general economic insecurity,
increasingly are stepping down the retail hierarchy in order to make ends meet. "Shoppers are clearly looking for value alternatives,"
said Mary Brett Whitfield, senior vice president of Retail Forward, a retail consulting firm in Columbus, Ohio.
(Source: azcentral.com) 3/1/2009

THE WEB FILLS THE GAP IN SALES FOR GAP IN 2008
The web continues to do what stores can`t for Gap Inc: generate more sales. In 2008 e-commerce sales rose by 14% while comp-store
sales and total revenue fell by 12% and 7.8%, respectively.
(Source: Internet Retailer) 2/27/2009

WEB SALES AT MACY`S GROW 29% IN 2008 WHILE TOTAL SALES SINK 7.7%
Macy`s online sales grew 29% in 2008 while total sales were down 7.7% and comp-store sales were down 7%. Internet Retailer
estimates put Macys.com sales at over $1 billion for the year.
(Source: Internet Retailer) 2/27/2009

GET REAL
Strong brand managers anticipate where the marketplace is headed. Of course, that is more easily said than done these days. Recent
                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              10
events have set off a chain reaction of unprecedented economic downturns all at once. Consumers, however, are delivering a clear
message that should clue us all in. There is a way to become more proactive now that the initial recessionary shock wave has been
absorbed.
(Source: Brand channel) 3/2/2009

GENDER-BENDING BRANDS AN EASY WAY TO INCREASE PRODUCT REACH
If you want to broaden the appeal of your product, the first thing you should do is figure out if it`s a boy or a girl.
(Source: Ad Age - Free Registration) 3/2/2009

MARKETERS PRAISE SKITTLES` GUTSY SITE MOVE
Many marketers are applauding Skittles`s groundbreaking decision to turn its site into little more than a channel to point visitors to
buzz and information about the brand on consumer-generated media sites such as Twitter, Face book, Flickr, YouTube and Wikipedia.
(Source: Media Post - free registration) 3/2/2009

RISING TO THE CHALLENGE OF CAPTURING CUSTOMERS IN 2009
It`s going to be a tough year as we all try to lift ourselves out of this economic funk we`re in. Retailers can help lift their prospects
with some well-planned strategic moves to attract new customers and retain existing ones. Listening to your customers can help you
focus your efforts.
(Source: E-Commerce Times) 3/3/2009

GENERAL MILLS, TARGET PLAY ON CONSUMERS` NOSTALGIA
If food can be comforting, how about packaging? With consumers embracing old-world classics such as casserole, some marketers are
trying to get on the bandwagon by trotting out some old-school style.
(Source: Ad Age - Free Registration) 3/3/2009

FOOD FIGHT! GROCERS BATTLE FOR LOWER PRICES
Leaders at both Supervalu and Safeway, companies that operate thousands of grocery stores in competition with each other and,
increasingly, in competition with Wal-Mart, have seen the falling price of commodities as a call to prod the nation's food
manufacturers into lowering prices.
(Source: Minneapolis Star Tribune - free registration) 3/7/2009

 SUPERMARKETS SWITCHING FOCUS TO DISCOUNT STORES
 As more consumers seek lower prices amid the economic slump, major supermarket operators are opening new discount outlets
 to attract customers.
 (Source: Yomiuri Shimbun ) 3/9/2009

 CUSTOMER CUSTOMIZATION ON THE RISE
 Companies are increasingly allowing consumers to customize the precise configuration of products. For example, Dell and Nike
 offer consumers the opportunity to customize computers and sneakers to fit their individual preferences. The methods these
 companies use to guide consumers through the customization process influence the product features they choose and their
 willingness to buy the finished product according to a new study.
 (Source: RIS News) 3/10/2009

BRAND LOYAL, YET UNBRANDED
In addition to population growth and swelling spending power, one of the characteristics of Latino consumers that has made them
attractive to brands and marketers is their tendency toward brand loyalty.
(Source: Media Post - free registration) 3/12/2009

GRIM OUTLOOK FOR RETAIL IN 2009; SOME RELIEF EXPECTED IN FOURTH QUARTER RETAIL FORWARD
FORECASTS
In the wake of the worst holiday in at least 40 years, Retail Forward forecasts a grim outlook with continued flat-to-negative growth
across most retail channels through most of 2009.
(Source: Retail Forward) 3/19/2009

BRAND NAME FOODS MAY BE SHUT OUT IN RECESSION
Food manufacturers that sell commoditized products like cheese face the most pressure to prove their brands are worth paying extra
money for, credit analysts said on Tuesday.
(Source: Reuters) 3/17/2009
                     Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                               11
RETAILERS TRY NEW TRICKS AMID GLOBAL DOWNTURN
With retailers reeling from the global recession, initiatives such as Wal-Mart Stores Inc.`s Great Value private-label expansion or
Macy`s Inc.`s "My Macy`s" will likely be adopted by even more retailers, as industry players fight for the ever-more-discerning
consumer`s money. Retailers also will likely downsize their packaging, store size and even their growth expectations according to a
joint report of consulting firms PricewaterhouseCoopers and Retail Forward.
(Source: MarketWatch) 3/20/2009

WHEN ECONOMY SOURS, TOOTSIE ROLLS SOOTHE SOULS
The recession seems to have a sweet tooth. As unemployment has risen and 401(k)`s have shrunk, Americans, particularly adults, have
been consuming growing volumes of candy. Many big candy makers are reporting rising sales and surprising profits even as
manufacturers of other products are struggling to stay afloat.
(Source: New York Times - free registration) 3/23/2009

AMERICA`S FAVORITE FOREIGN RETAILERS
As the recession deepens and consumers tighten their belts, mid-priced U.S. clothing retailers like The Gap and Ann Taylor are
suffering, while European stores like H&M and Zara continue to make inroads with American buyers.
(Source: Forbes) 3/27/2009

CPG, BEAUTY MARKETERS SLASHED SPENDING 14% IN FOURTH QUARTER
Package-goods and beauty marketers slashed U.S. measured media spending 14% in the fourth quarter, a sharp reversal from a 3%
year-over-year increase in the third quarter, as marketers appeared to tighten belts rapidly in a deepening recession.
(Source: Ad Age - Free Registration) 3/25/2009

THINKING OF GOING BLOND? CONSULT THE KIOSK FIRST
Intel has built three prototypes of kiosks that may find a place on the floors of department stores. But customers who walk up to them
won`t see the usual sales counter with its bar-code reader, cash drawer and credit-card pad, and they won`t necessarily see a sales
associate.
(Source: New York Times - free registration) 3/28/2009

Other.- (This month dedicated to layoffs and chapter 11)
J CREW CUTS STAFF IN COST-REDUCTION PROGRAM
Apparel retailer J Crew announced on Friday a cost reduction program that includes job cuts to save it some $40 million annually in
the difficult economy.
(Source: Reuters) 2/27/2009

CIRCLE C TO LIQUIDATE
Circle C Stores, operator of 25 convenience stores based here, filed for Chapter 11 bankruptcy protection last week and will liquidate,
with plans to close stores, sell assets and pay creditors what it can, the Birmingham News reported.
(Source: Convenience Store News) 3/4/2009

MACY`S FLORIDA HEADQUARTERS TO LAY OFF 375, CLOSE
It`s official: Macy`s has told the state that it will be laying off 375 employees at its Florida corporate headquarters in downtown
Miami. A total of 7,000 positions, or about 4 percent of the company's workforce, are being cut from offices, stores and other
facilities.
(Source: bizjournals.com) 3/3/2009

BODY SHOP CHAIN TO CUT 275 JOBS
The Body Shop ethical cosmetics chain has announced 275 job losses worldwide, about 150 of them in the UK.
(Source: BBC News) 2/27/2009

CARPHONE WAREHOUSE TO AXE 400 JOBS
About 400 job losses are to be announced at mobile phone group Carphone Warehouse tomorrow as part of a "focus on costs and
efficiency" promised in January.
(Source: Guardian) 2/25/2009

DELL CUTS MORE JOBS
Dell, the world`s No. 2 maker of personal computers, is cutting more jobs this week as it continues to trim costs in line with the
                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              12
economic climate.
(Source: Australian IT) 3/12/2009

DRUG FAIR FILES CHAPTER 11; WALGREENS TO BUY THE STORES
Another regional player has fallen by the wayside as Drug Fair files for Chapter 11 and enters an agreement to sell substantially all of
its assets associated with 32 stores to Walgreens.
(Source: Drug Store News - free registration) 3/18/2009




                    Please note that this is a recompilation of various news from various quoted sources and do not necessarily reflect my personal opinion
                                                                                                                                                              13

				
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