Ahold Q2 profit drops on increased U.S. competition
Amsterdam — Royal Ahold NV reported Thursday that net income in the second quarter declined to $287 million from $290 million a year earlier, dragged down by performance of its U.S.-based Stop & Shop grocery stores.
The company cited increased competition in the U.S. for its lackluster quarter. Ahold said it will seek to limit price increases and cut costs in the United States, particularly at its Giant-Carlisle chain, which competes with Wal-Mart Stores.
Second-quarter sales declined 3.5% to $9.9 billion.
It seems like one of these shows just aired
Just in time for football season, Procter & Gamble and Walmart are out with yet another installment in their collaborative, family movie night entertainment initiative. The new movie, the eighth in the series, which first aired in April 2010, is titled, Game Time: Tackling the Past.
“This exciting sports drama showcases how a person’s true value is measured and is sure to get families revved up in time for the 2011 season opener,” according to promotional materials for the film set to air Saturday, Sept. 3 at 8 p.m. eastern time on NBC.
The plot line for the film revolves around pro football star Jake Walker who is just one season away from setting an all-time receiving record that will guarantee him a spot in the Hall of Fame. But when he gets news that his father, Frank, played by Beau Bridges, has suffered a serious heart attack, Jake leaves training camp and returns to Riverton, the small hometown he’s avoided for nearly 15 years. Past memories of glory and regret resurface as Jake is forced to reconnect with the family and community he abandoned in pursuit of his career; including his peace-keeping mom and his brother.
Already dealing with those emotions, a call from his agent delivers another crushing blow – Jake’s contract is not being renewed. Stripped from the thing he cares about most, the real Jake begins to emerge from behind his armor to see that life is more than the accumulation of personal stats. But when he’s offered a lucrative new contract with another team, Jake must decide whether to go back to the career he thought he loved, or stay in Riverton and embrace the people who have always been there for him.
Game Time: Tackling the Past is a captivating sports drama with themes that the whole family can relate to and appreciate, according to promotional materials.
A busy month for Mac Naughton
Suppliers to Walmart will have plenty of opportunities to hear from Walmart EVP merchandising Duncan Mac Naughton in the months ahead.
First up is Walmart’s annual meeting for financial analysts held each fall and slated for Oct. 11 to 12 this year. An agenda isn’t yet available, but Mac Naughton presumably will be a featured participant, or at least he should be considering Walmart’s ongoing efforts to revive U.S. sales and recent moves Mac Naughton has made to the structure and leadership of the merchandising organization.
Shortly after the analysts’ meeting, Mac Naughton is a featured participant in the Henkel Global Leadership Conference presented by Champions for Kids on Oct. 26 to 27. This will be the second year for the conference and Mac Naughton is slated to speak on the topic of “Presenting the Scorecard Challenge.” Also scheduled to speak is Sam’s Club CFO Ann Bordelon on the topic of, “It’s All About Your Numbers.”
Click here for agenda.
A few weeks later on Nov. 2, Mac Naughton will be back in front of an audience predominantly comprised of Walmart suppliers when he participates in the annual Sam M. Walton College of Business Center for Retailing Excellence Emerging Trends in Retail conference. The format for the session in which Mac Naughton is participating is unique in that he plans to moderate a discussion with senior members of the merchandising team he oversees. The other notable Walmart executive on the CRE program is international division president and CEO Doug McMillon.