Campbell Soup profit rises amid turnaround

Candice Choi And Michelle Chapman September 05, 2012 AAP CAMPBELL Soup is preparing to flood supermarket shelves with dozens of new products in the year ahead, but the push to revive its mainstay soup business isn’t expected to pay off anytime soon. The New-Jersey-based company on Tuesday said it expected the vast majority of its sales growth in fiscal 2013 to come from its recent acquisition of Bolthouse Farms, which Campbell expects to position it in the faster-growing premium juice market. As for the new soups and sauces, chief executive Denise Morrison said Campbell should have a better read on how they’ll fare after the fiscal first quarter. “The consumer will let us know if we can be more exuberant,” she said. In the year ahead, Campbell plans to introduce 50 new products, including soups in flavours such as Moroccan chicken and Coconut curry. It hopes the new products, which…

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Campbell Soup wary of Australian trade

Eli Greenblat September 5, 2012 The Age US foods giant Campbell Soup, which owns a portfolio of popular consumer brands including soups, juices and the iconic Arnott’s biscuits range, has warned American investors that the Australian trading environment remains tough with sales in the region down in 2012. Denise Morrison, the chief executive and president of the $US10 billion New Jersey-based Campbell Soup company told US investors at an earnings update this week that following a visit to Australia she had witnessed first hand tight consumer spending habits and historically high savings rates. “I just came back from Australia and had extensive meetings with the team and the customers there. And I think the consumer environment is still challenged. The consumers’ savings rate is probably one of the highest it’s ever been, and there is some concern over that,” Ms Morrison said during a conference call for Campbell Soup’s fourth…

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Parker’s Plans New Georgia Location

AACS is pleased to advise that Greg parker [see story below] will be a speaker at this years Convenience Leaders Summit in November. CSD Staff Sep 05, 2012 “We’re responding to repeated requests from area residents who have been asking us to open a Parker’s in Rincon,” says Parker’s CEO. Parker’s Convenience Stores recently announced plans to build a new state-of-the-art convenience store in Rincon, Ga. The newest Parker’s, located at the site of the former Springfield Ford dealership on Hwy. 21, will offer discounted gasoline as well as 4,500 square feet of retail space. The upscale store, which will be the company’s 29th location, is expected to break ground in October 2012 and will open to the public in January 2013. The store will be the first Parker’s in Rincon and the third in Effingham County, joining existing locations in Guyton and Springfield. “We’re responding to repeated requests from…

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Retailers’ real-life reminder

AACS is pleased to advise that Michael Baker [see story below] will be a speaker at this years Convenience Leaders Summit in November. Michael Baker September 5, 2012 The Age The damage to small chains, such as Ojay, is becoming increasingly public. ANALYSIS A hard-up consumer usually spends a government handout until it’s all gone, and in the case of the handout from the last federal budget it’s happened a lot more quickly than most retail industry insiders would have thought possible. Blink and you missed it. After just a couple of short months of reprieve from the drudgery of no or minimal sales growth, Australia’s retail chains have once again been reminded of what the world in 2012 is really like when the government isn’t there to paper things over. Small retailers, of course, needed no such reminder. On a year-over-year basis, which eliminates seasonal factors, Australian Bureau of…

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Victoria shows the way for Aldi attack

Eli Greenblat September 6, 2012 The Age Aldi Australia chief Tom Daunt wants to take on the heavyweights. ALDI Australia boss Tom Daunt has called on state governments to follow Victoria’s lead by streamlining planning laws. This, he says, would allow the German discount supermarket, as well as any other retailer, to take on the heavyweights, Woolworths and Coles. Big planning reforms in Victoria will see Aldi devoting more investment there as it ramps up its store network. Mr Daunt said the private owners of Aldi, Germany’s reclusive Albrecht family, saw great potential for the supermarket chain in Australia, with the current store count of 277 to hit 300 by the end of the year and the capacity to grow to between 500 and 600 on the eastern seaboard if planning and zoning laws were freed up. ”They are enormously positive about Australia,” he said. ”I think in the long…

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NACS Show Mobile App Ready for Download

NACS Daily News The mobile free app allows users to easily navigate information about scheduled events and more than 50 educational sessions and speakers at this year’s NACS Show, which takes place next month. ALEXANDRIA, Va. – The NACS Show Mobile App is now available to download. This is the third year that NACS has developed a NACS Show mobile app to enhance the experience for attendees before, during and after the NACS Show. The NACS Show will take place October 7 to 10 in Las Vegas. NACS Show retailer attendees, as well as wholesalers and distributors, can register for the event and secure housing at nacsshow.com. The free app allows users to easily navigate information about scheduled events and more than 50 educational sessions and speakers and integrates information about PEI (Petroleum Equipment Institute) sessions and events occurring at the NACS Show. It also provides a searchable list of…

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