The country's third-largest grocery chain reported a first-quarter profit, following a loss for the same period last year. Safeway's profit comes despite seeing operating costs increase and smaller profit margins due to a slow economy and increased employee health care costs.
Nestle SA and PepsiCo are among the growing list of companies aiming to capture Hispanic consumer dollars by developing products custom-made for the demographic. Hispanics spend $101 billion, which accounts for 10% of the total U.S. market, annually on food and beverages.
The environmental nonprofit Sierra Club wants Smithfield Foods, the world's largest pork producer, to examine its environmental policies. A Sierra Club representative says the group is a shareholder in Smithfield, and wants to ensure that the meatpacker is holding itself to the highest standards.
The summer movie prospects-- "X2: X-Men United," "The Hulk," and "The Matrix Reloaded" -- look promising, and, from a marketing standpoint, the promotional tie-ins look even better. From Dr. Pepper thirst quenchers to a 20-minute chase scene involving Cadillacs, major corporations are looking more and more toward the silver screen as a way to increase their brand presence.