Fitch opens office in Beijing
New York City — Global design consultancy Fitch today announced the opening of its first office in China. The new office will service Fitch’s existing clients such as Nokia and Dell, as well as new clients in the buoyant Chinese market.
Ian Bellhouse, managing director for SE Asia & Greater China, Fitch, will lead the new operations.
Giant Eagle praised by the American Diabetes Association
PITTSBURGH — Giant Eagle has received the American Diabetes Association’s prestigious Chairman’s Citation Award, which recognizes the accomplishments of individuals, corporations, institutions and organizations who have demonstrated dedication and commitment and have had a positive impact in advancing the mission of the ADA.
“Diabetes is, unfortunately, an increasingly common disease in the United States and in the communities that we serve," stated Giant Eagle SVP pharmacy operations Brett Merrell. "We have long admired the wonderful efforts of the American Diabetes Association, and are proud to continue our collaborative efforts to both educate and treat Giant Eagle customers about these diseases."
In April 2010, Giant Eagle introduced a program offering the five most commonly prescribed diabetes medications for the treatment of Type 2 diabetes at no cost to medical prescription holders. To date, Giant Eagle has provided approximately $4 million in customer savings on diabetes medications.
In addition to free diabetes medications, Giant Eagle offers a multifaceted program consisting of free diabetes screenings in all 211 pharmacy store locations; the availability of pharmacy diabetes care specialists trained from an American Pharmacists Association program and endorsed by the American Academy of Diabetes Educators at every pharmacy; and nutrition classes that will provide an overview of the major components for a healthy lifestyle, including food choices and exercise.
Since 2005, Giant Eagle has provided more than $750,000 in support of the ADA and thousands of dollars of in-kind support, such as food for events, nonperishable products for diabetes camps and leadership on local boards and committees.
Bret Michaels, lead vocalist of Poison and diabetes advocate, received the first award in 2010 for his efforts in raising critical awareness about the seriousness of diabetes and the importance of diabetes prevention and management.
Gas prices tick up, consumer spending goes down
NEW YORK — Any hope that consumer spending will improve may be dampered by predictions of rising gas prices.
Nielsen predicts that inthe United States, Nielsen noted, households could be paying an extra $52.50 with a 50-cent increase in gas prices, $105 with a $1 increase and $210 if prices jump up $2, prompting consumers to tighten their wallets. This will mirror historic trends, which include increased trip compression, more value-conscious shopping alternatives and increased use of coupons, Nielsen said.
So what does this mean for consumer packaged goods manufacturers and retailers? Nielsen executives Todd Hale, SVP consumer and shopper insights, and Carman Allison, director shopper and industry insights, stressed that CPG manufacturers and retailers should "actively engage their consumers/shoppers. Once again, trip capture will be paramount and there are opportunities for retailers and manufacturers to convert a likely decline in out-of-home eating and entertainment into spending for at-home options," they said.