China Lists Substandard Wal-Mart, Carrefour Goods
Beijing, China has published a blacklist of substandard toy jugs and children’s shoes sold at Wal-Mart stores and drawing pens from French retailer Carrefour in a quality sweep on children’s goods sold at Beijing supermarkets, according to a Reuters report.
China has been buffeted by food, drug and other product-safety scares in past months. More than 20 million toys made there have been recalled worldwide over the past four months.
In response, Beijing has promised to crack down on faulty manufacturers and suppliers, but also said much responsibility lies with foreign regulators and buyers. It has also made a point of naming foreign companies it claims also have problem products.
A Wal-Mart Stores Inc. spokesman, Jonathan Dong, said the blacklist—which appeared on an official Web site on Thursday—was more than two months old and the products, made in China, had long been cleared from the shelves.
The 54-item blacklist included substandard children’s glasses, toothbrushes, building blocks, and bikes with shoddy brakes and handlebars, at a number of Chinese retailers.
Last week, Wal-Mart was one of 20 companies sued by the California attorney general and Los Angeles city attorney for manufacturing or selling toys with unlawfully high levels of lead.
Dress Barn reports 3% 1Q comps decline
SUFFERN, N.Y. Dress Barn Tuesday reported that total net sales for the first quarter of fiscal year 2008 were $363.7 million, an increase of 1.5% over $358.4 million for the same quarter a year ago. According to the company, the increase in net sales resulted from the opening of new stores, partially offset by a same-store sales decline of 3%.
Net earnings for the first fiscal quarter decreased to $19.6 million from $27.4 million for the same period of the prior year. Diluted earnings per share for the first quarter were 30 cents versus 40 cents per share in the same period of fiscal 2007.
Hy-Vee teams up with Crown Poly
DES MOINES, Ia. Grocery retailer Hy-Vee is making environmentally conscious decisions by reducing plastic bag use.
According to reports, the company has partnered with California-based Crown Poly to offer the Hippo Sak front-end bagging system.
Hippo Sak is a patented, reinforced, bottom seal T-shirt bag, which can carry over 26 one-pound cans without breaking or tearing holes at the bottom. The bags can hold 10-12 items per bag compared to the current national average of 3.4 items, and can replace upward to three current plastic bags.
Hippo Sak achieved an annualized reduction in bag use of over 25%.