Casey’s: Couche-Tard offer is too low
Ankeny, Iowa Casey’s General Stores said Tuesday that it sent a letter to Alimentation Couche-Tard maintaining that the Canadian c-store giant’s takeover offer is too low, according to a report by the Associated Press.
Couche-Tard, which runs the Circle K chain in the United States and bid approximately $2.03 billion for the Midwestern-based chain of convenience stores, has made several offers by acquire Casey’s.
Last week Casey’s revealed that it is also in talks with 7-Eleven, which bid $2.04 billion.
Casey’s has said it believes both offers are too low and is in continuing talks with both companies. Its shareholders are slated to meet Sept. 23.
In Tuesday’s letter to Couche-Tard president and CEO Alain Bouchard, Casey’s president and CEO Robert Myers said that the company doesn’t feel Couche-Tarde’s offer is in the best interest of the business or its shareholders.
Couche-Tard has asked Casey’s to push back its annual shareholders meeting to give more time to consider its offer. Myers has said that the meeting would proceed on schedule.
Sears looks to re-brand image with women
HOFFMAN ESTATES, Ill. Sears announced that it has launched “The Many Sides of Me” campaign in order to re-engage women in the Sears brand.
“We have executed against a range of initiatives tied to our strategic pillars that have improved our relevance to customers, including engaging them on a personal level,” said Scott Freidheim, EVP operating and support businesses for Sears Holdings. “With this launch, we’re on a path to ‘Feminize, Energize and Digitize’ the Sears soft side brand positioning.”
As an extension of “The Many Sides of Me” print campaign in key September fashion issues, the brand is also collaborating with leading titles Vogue and Lucky and will be featured on their digital shopping platforms, the company reported. The collaboration will enable customers to shop and buy Sears Fall fashion merchandise on the Vogue Stylist and Lucky at Your Service apps for the Apple iPhone.
Additionally, as part of the ongoing Sears brand strategy of developing personal digital relationships with customers, the campaign features a new digital destination to engage women in the multi-channel “The Many Sides of Me” experience. At TheManySidesOfMe.com, customers can browse the collection, as well as participate in a digital contest that invites women to share their multi-faceted lives and how they make their personal, versatile style work.
Whole Foods launches color-coded seafood rating system
AUSTIN, Texas Whole Foods Market announced that it has launched the first in-store color-coded sustainability-rating program for wild-caught seafood and commits to phasing out all red-rated species by Earth Day 2013.
The company worked with Blue Ocean and Monterey Bay Aquarium to develop an easy-to-follow system to help customers choose sustainable seafood. Species given green ratings are considered relatively abundant and caught in environmentally-friendly ways; those with yellow ratings are considered good alternatives, though some concerns exist with the species’ status or catch methods; red or “avoid” means that for now, the species is suffering from overfishing, or that current fishing methods harm other marine life or habitats.
“At the end of the day, it’s a team effort. Our customers, buyers, fishermen, and fishery managers can all make smart decisions that move us in the direction of greater sustainability. The new color-coded rating system is a transparent way to provide sustainability status information. This new program, along with our promise to phase out red-rated species, deepens our commitment to having fully sustainable seafood departments,” said Carrie Brownstein, Whole Foods Market seafood quality standards coordinator.