Beginning April 20, consumer returns to Bed Bath & Beyond for which receipts or transaction records are not available will be refunded for store credit at the lowest current price, minus a 20% deduction.
Bed Bath & Beyond's Q3 2014 earnings report showed $2.94 billion in revenues, an increase of 2.7%, despite stagnant same-store sales. E-commerce was a bright spot in the report, with the company reporting a 40% increase in online and mobile sales after expanding its online product selection by 40%.
People for the Ethical Treatment of Animals reportedly has sent a letter to Kroger threatening a boycott if the grocer does not adopt food guidelines to be released next month. The standards call for better inspections of slaughterhouses, increased space for laying hens, guidelines verifying animal handling and refusals to deal with suppliers who mistreat animals.
The Center for the Defense of Free Enterprise has asked the IRS to reverse the tax-exempt status of People for the Ethical Treatment of Animals. The Bellevue, Wash.-based center, says PETA encourages criminal acts and should not be rewarded with special tax status. PETA's president alleges the center is capitalizing on people's fears of terrorism.
Food Distributors International's Board of Governors has approved a plan to partner with FMI. The change could take place at the end of 2002 if ratified by the members. Kevin Coupe praises the merger, saying, "FMI becomes the centralized trade association ... and it presents a public face that is cohesive and efficient."