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CommentWire
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Kmart's suppliers may have to search the store for headache relievers: the downgrades are a serious blow to the chain's ability to win financing without filing for bankruptcy. But while a pre-emptive filing might help Kmart renegotiate leases at underperforming stores, it would not solve the company's main problem: its failure to stand apart from Wal-Mart.
Published By Datamonitor
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16 Jan 2002 |
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CommentWire
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The year hasn't gotten off to a great start for America's second largest discount retailer. Kmart is in the midst of a restructuring effort following customer defections to lower-priced rivals. However, the latest financial results indicate much remains to be done. To avoid bankruptcy, Kmart must back its turnaround efforts up with solid execution.
Published By Datamonitor
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04 Jan 2002 |
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CommentWire
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While its competitors have flourished, Kmart has floundered. The discount retailer's financial woes reached a climax on Tuesday, when it filed for Chapter 11 in Michigan. As Kmart works on a restructuring plan, an important part of the strategy should be to strengthen its relationship with key vendors. They will be critical to a successful turnaround.
Published By Datamonitor
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23 Jan 2002 |
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CommentWire
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Two new surveys show customer satisfaction with the bankrupt US retailer to be below the industry average. Kmart will have to work hard through 2002 to improve its image and hit the goal of profitability in 2003. The turnaround will inevitably involve addressing the in-store consumer experience, as well as creating a strong brand independent of price.
Published By Datamonitor
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20 Feb 2002 |
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CommentWire
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Krispy Kreme's profits are up 47% for Q1 2003. While governments and various organizations become increasingly concerned about the obesity phenomenon, consumers themselves remain dedicated to immediate gastronomic pleasures. Self-indulging is proving a hard habit to kick and not all food companies are in a hurry to help.<BR />
Published By Datamonitor
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29 May 2003 |
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CommentWire
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US grocery retailer Kroger's Q1 results have beaten market expectations, thanks to its restructuring and price cutting strategy. Kroger is proving that it can compete with the discount stores, but number three chain Safeway is now pursuing a similar strategy. A grocery price war could hit Kroger's recovery plans.
Published By Datamonitor
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26 Jun 2002 |
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CommentWire
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Kroger's Q3 income was hurt by a series of charges, and the US' largest grocery chain also expects soft sales this quarter. Kroger's troubles can be attributed to Wal-Mart's aggressive expansion of its supercenters across the US. Kroger is now beginning to fight back, but it might need to cut costs even more severely than it currently plans.
Published By Datamonitor
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12 Dec 2001 |
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CommentWire
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The FDA's introduction of the National Organic Program (NOP) has somewhat pushed retailers and manufacturers into avoiding the 'organic' claim altogether, due to an onerous and expensive certification process. Kroger's introduction of an entire "natural and organic product range" at an "affordable" price might well lead others to sidestep the NOP regulations.
Published By Datamonitor
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01 May 2003 |
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CommentWire
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US grocer Kroger has reported strong Q3 results, including underlying supermarket sales up 5.1%, excluding fuel. With the run up to the all important festive season underway, Kroger is confident that its strong emphasis on service and quality, alongside its favorable price positioning, should enable it to take full advantage of the final quarter and finish 2006 on a high.
Published By Datamonitor
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07 Dec 2006 |
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Expert View
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Despite a weak like-for-like performance, LVMH reported marginal growth in a tough economic climate for the first quarter of 2009. While LVMH is in a stronger position to weather the storm than some rival luxury players due to its strong brands and extensive geographical spread, sales are likely to decline further in the year ahead as the economic downturn shows little signs of improving.
Published By Datamonitor
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23 Apr 2009 |
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