Men, who have endured slightly higher unemployment rates than women, have been taking on more of the household shopping, according to a recent report. The trend hasn’t boded well for stores: On average, men spend less than wome…
In this economy, cash-strapped consumers have become more budget conscious and less concerned about appearing cheap. As a result, better-known brands have steadily been losing ground to store-branded food products.
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Whole Foods shares rose Friday after a Jeffries analyst upgraded the stock, saying the grocery’s strategy of offering lower-priced items has accelerated sales while maintaining low costs.
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Walmart has renewed its efforts to purchase Russian supermarket chain Kopeika, following reports that competing Russian grocer X5’s interest in acquiring it has waned, according to Reuters.
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Investor Nelson Peltz sold 1.6 million shares in H.J. Heinz Co. (HNZ), reducing his stake by about one third. He now holds about 1% of the company’s shares.
Peltz has sold shares worth $75.9 million since Friday, Dow Jones Newswires reported.
In 2006, Peltz successfully fought to get two directors on to the Heinz board as he tried to get the company to improve results.
Heinz…
Continue reading Investor Nelson Peltz Cuts Stake in Heinz
Investor Nelson Peltz Cuts Stake in Heinz originally appeared on DailyFinance on Wed, 15 Sep 2010 08:49:00.
Filed Under: Company News, People, Investing, Earnings, HJ Heinz Company, Retail, Stocks in the News