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...less than a year ago. "We found it's having a profound effect," says Andrew Kramer, Albertson's director of ethnic marketing and specialty foods. Sales in his category more than doubled last year, led by growth in low-carb lines. Meanwhile, the central action alley at Wal-Mart SuperCenters crammed some 200 low-carb products into a 16-ft. run during prime dieting season after New Year's. The company is considering launching its own line of low-carb foods, which would surely narrow the price premium that many of these items carry...
...Grocery Gamble Battered by Wal-Mart, the supermarket industry is rapidly revamping to survive...
Cocky. Ruthless. Vicious. Mean. Those are some of the ways Jerry Davis, CEO of Affiliated Foods Southwest, describes the supermarket juggernaut that is Wal-Mart. He could have added hyperefficient, low cost and customer focused. The megachain's rapidly expanding grocery business--which now accounts for a fifth of U.S. food sales--has left a trail of shuttered supermarkets in its wake. This year in particular, the damage is piling up. Winn-Dixie, once a Southern power, suspended its dividend indefinitely, causing its stock to drop 28% in January, and is expected to close more than a hundred stores. This...
Scott may be the last Wal-Mart CEO schooled by Sam Walton, the discount Dalai Lama, so it's important that the effervescent, customer-focused culture that "Mr. Sam" created be preserved and communicated as the company expands across China and other global markets. That means empowering employees wherever they are, says Scott: "We cannot grow if we are not a great place to work." --By Bill Saporito
...effect of being innovative. Jobs has been synonymous with the kind of ingenuity that's at the forefront of the tech industry. Everything his company does is scrutinized, often imitated and sometimes even stolen by competitors. (Windows is the most notable example of the highest form of flattery; Wal-Mart's launch of a download-music site is the most recent.) The mouse, how your computer's desktop acts when you point and click at folders and files, wireless Net connectivity, flat-panel displays and DVD burners--these are just some of the things that Jobs was the first...