Nathan's Feed
Mar 6, 2015

Costco working to end use of human antibiotics in chicken

CHICAGO (Reuters) – Costco Wholesale Corp is
working toward eliminating the sale of chicken and meat from
other animals raised with antibiotics that are vital to fighting
human infections, senior executives at the third-largest U.S.
retailer told Reuters on Thursday.

The ongoing push by Costco, which sells 80 million
rotisserie chickens a year, highlights growing pressure on the
supply chain in the wake of this week’s announcement by
fast-food giant McDonald’s Corp that it would stop
buying chicken raised with so-called “shared-use” antibiotics
within two years.

Mar 6, 2015

Exclusive: Costco working to end use of human antibiotics in chicken

CHICAGO (Reuters) – Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-largest U.S. retailer told Reuters on Thursday.

The ongoing push by Costco, which sells 80 million rotisserie chickens a year, highlights growing pressure on the supply chain in the wake of this week’s announcement by fast-food giant McDonald’s Corp that it would stop buying chicken raised with so-called “shared-use” antibiotics within two years.

Feb 26, 2015

With cash tight, Sears REIT deal takes on new importance

By Nathan Layne

(Reuters) – Weak sales and tight cash levels at Sears Holdings Corp (SHLD.O: Quote, Profile, Research, Stock Buzz) have added urgency to Chief Executive Eddie Lampert’s plan to generate cash by spinning off stores into a trust.

The retailer announced on Thursday that it would go ahead with the plan to sell 200 to 300 stores to a real estate investment trust in May or June, raising at least $2 billion. It was the first time it put a figure or timetable on the move.

Feb 25, 2015

Exclusive: Unsatisfied by wage hike, some Walmart shareholders seek more change

By Nathan Layne

(Reuters) – A prominent investor in Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) is pushing ahead with a campaign to link a portion of executive compensation to staff motivation, a sign that the retailer’s wage hike last week won’t end outside pressure over employee pay and benefits.

Connecticut Treasurer Denise Nappier, whose office oversees $40 million worth of Wal-Mart shares in state pension and trust funds, in December submitted a proposal calling for the incentive pay of senior executives to be tied in part to a measure of “employee engagement”, according to previously unreported filings to the Securities and Exchange Commission.

Feb 20, 2015

Wal-Mart wage hike seen pressuring Target, fast-food

Feb 19 (Reuters) – Wal-Mart Stores Inc’s wage hike
will likely trigger a rethink on pay across the retail and
fast-food sectors, with Target Corp one of the low-wage
employers facing pressure to follow suit and pay workers more.

Wal-Mart announced on Thursday it would lift its minimum
U.S. wage to $9 an hour this year and $10 in 2016, raising the
ante in a tightening labor market where low-skilled workers
easily move between retailers and fast-food
chains.

Feb 19, 2015

Wal-Mart, under pressure, boosts minimum U.S. wage to $9 an hour

By Sruthi Ramakrishnan and Nathan Layne

(Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) said it would raise entry-level wages to $9 an hour, a 24 percent increase from the U.S. minimum wage that some employees now earn, succumbing to longstanding pressure to pay its workforce more.

The world’s largest retailer said the increases would cost it $1 billion and impact 500,000 employees, or about 40 percent of its workforce, although the hike falls short of what some labor groups have been agitating for.

Feb 5, 2015

Shift in small business spending may curb Staples-Office Depot growth

Feb 4 (Reuters) – It’s the changing spending patterns of
small business owners like Thomas Kean that helped prompt
Staples Inc to buy Office Depot. It also may
limit their post-merger growth prospects.

Staples announced on Wednesday that it would buy Office
Depot for $6.3 billion, combining the top two U.S. retailers of
office supplies. The companies said the deal would enable them
to better serve customers and make them more competitive on
costs..

Jan 16, 2015

Thin crowds during CEO’s visit helped seal Target Canada’s demise

NEW YORK/TORONTO (Reuters) – Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat.

Cornell spent the weekend before Christmas making solo visits to stores in Ontario and Quebec, Canada’s most populous provinces, according to a Target source familiar with the U.S. discount retailer’s decision to pull out of Canada.

Jan 7, 2015

Cheap gas gives US holiday shopping season late December kick

CHICAGO, Jan 7 (Reuters) – Plummeting gasoline prices likely
sparked a long-awaited jump in spending during the final stretch
of the U.S. holiday shopping season as consumers took advantage
of billions of dollars in savings at the pump.

As gasoline prices slid to their lowest in nearly six years,
a Reuters poll showed a late December spike in the percentage of
consumers willing to spend more due to lower costs of auto and
heating fuel.

Jan 2, 2015

Analysis – Free delivery creates holiday boon for U.S. consumers at high cost

SAN FRANCISCO/CHICAGO (Reuters) – For top U.S. retailers, free delivery is now the norm. That is good news for shoppers, but not so much for investors.

During the just-ended holiday season, outlets from Target to Wal-Mart to Amazon expanded their free-delivery options, adding more items eligible for free shipping. They also did away with minimum spending thresholds to qualify for the perk.