Did you know…
…And the beat goes on.
- That despite its remarkable growth over the past few years, Starbucks is in just 150 of the top 300 US markets? CEO Orin Smith said that filling in these holes will be a large part of the company’s expansion plans over the next few years. Smith also said that the company will invest heavily in drive-through outlets; the company only has 300 right now.
- That Fleming Cos. has an end-of-October deadline for bids on its Minnesota-based Rainbow Foods chain of 44 supermarkets? The company says that there are “multiple interested parties.” Speculation has centered on Albertsons and Lunds Food Holdings (which owns Lunds and Byerly’s, and likely would cherry-pick locations).
- That Kmart CFO Al Koch maintains that the company is beginning to attract customers back into its stores? And that despite her legal problems, a new line of Martha Stewart holiday items are “outperforming” the store average?
- That Seiyu in Japan is now “reviewing” its agreement to carry a Martha Stewart private label line of products, in view of investigations and likely charges against her for insider trading? Seiyu, which is part-owned by Wal-Mart, had been counting on Martha Stewart to help it reverse its fortunes,
…And the beat goes on.
- KC's View:
