Wal-Mart CEO Says Retailers Can Help Economy
from The Associated Press
Facing a litany of economic and financial challenges, retailers must work with government leaders to address health care, immigration, energy independence and environmental sustainability this year, departing Wal-Mart CEO Lee Scott urged retailers. "We need to tackle the hard issues," Scott said at the annual National Retail Federation conference in New York. "As businesses we have a responsibility to society." More
Shell-Shocked Retailers Seek Stimulus
Retailers, pondering the miserable sales results for December and the holiday season, are pushing the idea that sales-tax holidays incorporated into the developing economic stimulus package could provide a boost to their troubled industry. Help is needed. More
U.S. Stocks Drop on Retail Sales Slump; Citigroup, Macy’s Fall
U.S. stocks slid the most in six weeks, following European markets lower, after retail sales decreased at more than twice the rate forecast by economists and concern grew over the future of Citigroup Inc. General Electric Co., Macy’s Inc. and American Express Co. tumbled at least 5.5 percent after the Commerce Department said purchases fell 2.7 percent in December as job losses and dwindling access to credit forced consumers to cut spending. More
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Prices for Rooftop Solar Systems Fall as Supply Grows
from USA Today
Here's a bright spot in an overcast economy: Solar panel prices are tumbling. Prices for rooftop solar systems, including installation, already have fallen 8 percent to 10 percent since October and are expected to drop another 15 percent to 20 percent this year. More
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Walgreen Announces Complete Care Wellness Program
from The Associated Press via Forbes
Walgreen Co. said it is rolling out a program it says will save employers and health insurers money, while giving discounts to employees at its brand name drugstores. The program, called Complete Care and Well-Being program, is being launched through Walgreen's Take Care Health Systems business. Deerfield, Ill.-based Walgreen said Complete Care will offer clear pricing to employers and give workers a 15 percent discount on Walgreen brand products and lower prices on prescription drugs. More
Jewel-Osco to Start Labeling Healthy Foods
from The Chicago Tribune
Supervalu Inc., parent company of Jewel-Osco, unveiled a labeling system aimed at giving shoppers a simpler way to decipher nutrition levels in food. The tags are aimed at helping shoppers identify healthier options, and are expected to ultimately cover about 10 percent of the items in a store. It's the latest example of the food industry trying to give consumers easy-to-use nutrition information. More
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States Push for Internet Sales Tax on Items Shipped In
Internet sales may become a taxing problem for some consumers. An estimated $3 billion in tax revenues are at stake, based on last year's figures. Internet taxes may be a way to tap into new revenue streams to make up budget shortfalls. More
Whole Foods Seeks Competitor Data to Keep Wild Oats
Whole Foods Market Inc., the largest U.S. natural foods grocer, asked competitors in 29 markets for pricing and other confidential data as it seeks to defend its merger with Wild Oats Markets Inc. from a regulator’s review. Chief Executive Officer John Mackey sent letters to the competing grocers, promising the documents would only be reviewed by attorneys for use in the Federal Trade Commission case and wouldn’t be seen by company employees. More
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Dallas-based Chili's Offers Drew Carey a Job
from The Dallas Morning News
It won't solve the nation's growing unemployment problems, but Dallas-based Chili's Grill & Bar is prepared to offer a manager's job to actor, comedian and game show host Drew Carey. In a recent interview with The Washington Post, the host of "The Price Is Right" said that if the whole acting thing had not panned out, he'd probably be "managing a restaurant. ... I'd be at a Chili's near you. I'd be the boss that everybody liked."More
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