Word: supermarket
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...face of competition. Socially progressive Ben & Jerry's, which for a decade capped executive pay at seven times the salary of the lowest-paid worker, dropped the provision in 1994 when it sought a CEO to replace co-founder Ben Cohen. Whole Foods Market, the popular organic supermarket chain, has raised its cap twice--from 8 to 1 in 1997, to 14 to 1 today, though that's still considered...
...Andy Warhol notoriously rejected the dividing line between art and commerce. He'd be happy, then, to see Campbell's tomato-soup cans with labels inspired by his famous silk screens lining supermarket shelves. Through a licensing agreement with the Andy Warhol Foundation, Campbell's has introduced limited-edition cans in four color combinations, selling for $2.99 a four-pack exclusively at Giant Eagle supermarkets in the U.S. This is the first time Campbell's has deviated from its red-and-white label since it was introduced in 1898. And with a run of 300,000 cans, each with...
Andy Warhol notoriously rejected the dividing line between art and commerce. He'd be happy, then, to see Campbell's tomato-soup cans with labels inspired by his famous silkscreens lining supermarket shelves. Through a licensing agreement with the Andy Warhol Foundation, Campbell's has introduced limited-edition cans in four color combinations, selling for $2.99 a four-pack exclusively at Giant Eagle supermarkets. This is the first time Campbell's has deviated from its red-and-white label since it was introduced in 1898. And with a run of 300,000 cans, each with a copy of Warhol...
...years the supermarket industry viewed its 1% net profit margin as a badge of its efficiency. In reality, the opposite was true: the grocers earned so little because they weren't that good at managing the supply chain. Wal-Mart exploited that weakness with devastating effect on the grocers, and it has forced food suppliers to become more efficient too. For starters, the leviathan has changed the way grocery stores deal with their vendors, as everyone seeks to copy its Retail Link system, which provides real-time sales data to manufacturers. Wal-Mart also helped persuade the pack to subscribe...
...mere decade later, it is topping $100 billion a year, which is almost as much as the sales of the next three biggest chains combined. "To a certain extent, Wal-Mart's strength is more of a reflection of the lack of difference among stores," says Willard Bishop, a supermarket consultant in Barrington, Ill. Conventional grocers are starting to get the message--differentiate or die--which is why some are jazzing up the old big-box routine. The northeastern Wegmans chain just opened its first store in Virginia, where it is spicing up its prepared-foods sections with daily cooking...