Word: nonfood
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...groceries and health- and beauty-care products. "We have enough customers," insists Scott, 57, who can boast that nearly 20 million Americans shop at a Wal-Mart every day. But while they're happily buying toys, toothpaste and tomatoes, they're walking right by the more expensive, more profitable nonfood lines--apparel and home décor. Wal-Mart's grand strategy of becoming more fashionable has fizzled and is being retooled. "It's us," says Scott. "It's not anything beyond...
...once said), Tesco has launched in-house lines of food, ranging from economy pasta to hand-stretched Tuscan pizzas, with something to appeal to the frugal and the foodie. Leahy perfected the art of pulling in customers with Tesco's low-cost reputation and then selling them high-margin nonfood items like TVs and home furnishings. And he has successfully developed both mammoth one-stop stores and more modest convenience shops. The strategy has left rivals playing catch-up: Tesco boasts a 31% slice of the British grocery market, according to research firm TNS Worldpanel. Running a distant second, with...
...chairman Ian MacLaurin and current chief executive Terry Leahy, Tesco cleaned up its dingy stores, expanded into more convenient central locations, and offered a more inspiring product line without sacrificing rock-bottom prices. It developed its premium Finest and economy Value private-label ranges and moved into higher-margin nonfood items such as electronics, housewares and clothing (with styles that actually make the fashion pages of mass-market women's magazines). That helped Tesco accomplish a simple but crucial task: getting bodies into the store. Tesco's British grocery market share rose to an estimated 22.9% in 2004, as onetime...
Meanwhile, Combs has urged PTAs to offer healthy alternatives--muffins, fruit or water--at food sales and encouraged teachers to reward kids with coupons redeemable at in-school stores for nonfood prizes. She has a new assignment for herself as well: addressing the state's lack of adequate physical-education programs and the cancellation of recess. "We cram them full of unhealthy food and don't let them expend it," says Combs. "It's a recipe for disaster." Look for a Susan Combs recipe to fix that...
...agency gets little public recognition, and that's just fine. It sticks to the science and leaves product development and marketing--and the glory--to others. Glenn invented some nonfood uses for wheat starch, including a biodegradable version of Styrofoam food containers. His work is being incorporated in various products at EarthShell Corp., a disposable-food-packaging company based in Santa Barbara, Calif. But when commercial production of the wheat-based plates and bowls begins next year, consumers will see only EarthShell's name on the label. There will be no reference to ARS. "We don't want the USDA...