Campbell Soup Co. CEO Denise Morrison tendered an immediate and surprise resignation on Friday after leading the company for seven years on a quest to be seen as a marketer of healthier products in tune with changing consumer tastes. The Camden, N.J.-based company also reported disappointing third-quarter results for fiscal 2018, including the continuing below-expectations performance of its Campbell Fresh segment.
Cincinnati-based Kroger announced a partnership with U.K.-based Ocado yesterday that will bring the latter's advanced digital and robotic capabilities to about 20 warehouses the second-largest grocery retailer in the U.S. over the next three years and "speed up [Kroger's] efforts to redefine the food and grocery customer experience," according to its chairman and CEO, Rodney McMullen.
With the U.S. Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA) that outlawed sports betting outside Nevada, Delaware, Montana and Oregon, odds are that wagers on everything imaginable - and some things almost not - will be coming to a parlor nearer to you.
As tries to flip the page on jacking up its annual Prime membership fee from $99 to $119, Amazon is adding another perk to the program starting today in its 28 stores on Florida: Prime participants will get an additional 10% off sale items as well as "deep discounts on select best-selling items." The benefit will expand to all stores nationwide starting this summer.
Rockport Group, which markets Aravon and Dunham shoes as well as its own eponymous brand and its Cobb Hill collection, filed for Chapter 11 bankruptcy protection in Delaware yesterday as it prepares to sell its assets to private equity group Charlesbank - unless another buyer shows up with a better offer. It evidently hopes not.
In an "unprecedented" action, the World Health Organization today launched an initiative to eliminate artificial trans fats from foods around the world over the next five years. The initiative, dubbed REPLACE, is aimed at saving the more than 500,000 lives a year that the Geneva, Switzerland-based WHO estimates are lost to cardiovascular disease caused by Partially Hydrogenated Oils (PHOs), the primary dietary source of artificial trans fat in processed foods.
President Donald Trump is meeting with chief executives from automakers, including General Motors, Ford, Toyota Fiat Chrysler and Volkswagen AG, today over Environmental Protection Agency Administrator Scott Pruitt's plans to roll back the ambitious auto emissions standards passed under the Obama administration.
In forking over $16 billion yesterday for the controlling interest in the Indian e-commerce site Flipkart, Walmart says it is investing in one of the the "most attractive retail markets in the world."
Nike yesterday acknowledged that five more executives - including two top marketers and one woman - have left the company as the reckoning over inappropriate behavior in the workplace continues. All told, eleven senior managers have recently departed.
The north Texas city of Frisco, intent on putting itself on the map as a place where innovation happens, will be the scene of the first self-driving car service for the public when Drive.ai vans begin shuttling workers, shoppers and football fans on public roads near the Dallas Cowboys stadium starting this July.