Word: marte
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...quieter, charging that grocery chains are retaliating by canceling orders. "The markup is so outrageous, they don't want anyone messing with it," says a tomato grower. Luis Rodriguez, a consultant for Florida Farmers Inc., an advocacy group, says he listened in on a conversation in which a Wal-Mart official told a supplier that he planned to stop buying from farmers promoting mandatory labeling. Says Rodriguez: "These guys are scared." A Wal-Mart representative denied any intimidation...
...Mart's Gender Gap" [JULY 5] Addressed the sex-discrimination lawsuit brought against the giant retailer by female employees. But the company mistreats all workers. As your story noted, there are more than 30 lawsuits that accuse Wal-Mart of cheating employees out of overtime pay. The company has fought to keep out labor unions, and pays hourly workers a very low wage. Your report overemphasized the retailer's discrimination against women, suggesting that paying women less than men is more serious than paying poverty-level wages for all hourly employees. That attitude could be considered a kind of gender...
...once it's in foreign hands. Indeed, many Abbey shareholders are pension funds and asset managers who, to maintain investment objectives, will have to sell if the bank becomes non-U.K. owned. Luqman Arnold, Abbey's chief executive, said he thought the deal would be similar to Wal-Mart's 1999 acquisition of British supermarket chain ASDA, which retains its own name and identity. Whether the deal succeeds or not, Europe's banks remain ripe for more mergers. James Hamilton, an analyst at WestLB Equity Markets, says Germany may be next: "If you look at Germany, which...
Consumers, however, seem to have stood by Stewart. Passikoff explains that, while Stewart's image may have been important in marketing the magazine, it isn't essential to sell a rug or a pie plate. In fact, sales of Martha Stewart--brand sheets, towels and dishes through K Mart have risen 6.5% since Stewart's conviction, according to a report by Bear Stearns...
Tate & Lyle is on a sugar rush. After just four years in stores, the British firm's no-calorie sweetener sucralose (brand name Splenda) accounts for 43% of U.S. retail sugar-substitute sales (excluding Wal-Mart). That beats Equal and Sweet'n Low, according to market researcher Information Resources. In a deal with Tate, McNeil Nutritionals, a Johnson & Johnson division, is rolling out a sugar-Splenda blend for baking in August. Splenda, already used in thousands of manufactured foods (one appeal: it withstands heat better than alternatives do), is also going into new mid-calorie sodas from Coca-Cola...