News

PepsiCo and GLAAD battle bullying with ‘Purple On!’ campaign

BY CSA STAFF

PepsiCo announced its "Purple On!" campaign against bullying. The initiative supports GLAAD's annual Spirit Day, which takes place on Oct. 16. Spirit Day inspires citizens to wear purple to show their stance against bullying, and also to show support for lesbian, gay, bisexual and transgender youth.

"PepsiCo is deeply committed to building a workplace environment where all of our associates can bring their whole selves to work and are empowered to reach their full potential," said PepsiCo chairman and CEO Indra Nooyi. "That's why we are pleased to partner with GLAAD in support of Spirit Day, which fosters a spirit of inclusion in our communities."

As part of the campaign, PepsiCo is encouraging its employees to wear purple on Spirit Day and to share with their communities GLAAD's anti-bullying messages and resources. PepsiCo also will be active on social media using the hashtags #SpiritDay and #PurpleOn.

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News

Overstock’s international customers can now pay with Bitcoin

BY CSA STAFF

Overstock has updated its checkout system for international customers so they can pay with Bitcoin. Early this year, Overstock became one of the first online shopping sites to accept the cryptocurrency.

"Bitcoin has been readily adopted in countries outside the United States, yet the opportunities to spend Bitcoin internationally are extremely limited," states CEO Patrick M. Byrne. "We're pleased to offer this service to the millions of Bitcoin users in other countries and believe they will respond enthusiastically. With this move, Bitcoin has indeed become a borderless currency that permits its holders to buy and take delivery of millions of products."

International customers can shop the Overstock website for any of the nearly 2 million products available, including furniture, rugs, apparel, electronics and jewelry, and pay with Bitcoin.

Overstock is a discount online shopping retailer based in Salt Lake City, Utah, which sells a broad range of products. Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world offers additional unique items. Main Street Revolution supports small businesses across the United States by providing them a national customer base.

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FINANCE

Kroger beats Street with Q2 earnings, sales

BY Dan Berthiaume

Cincinnati – The Kroger Co. beat Wall Street expectations with strong net earnings and sales results for the second quarter of fiscal 2014. Net earnings rose 9% to $347 million from $317 million, while total sales increased 12% to $25.3 billion compared to $22.7 billion for the same period in the prior year.

Same-store sales climbed 4.8%. The addition of results from Harris-Teeter, which Kroger purchased in January 2014, helped boost Kroger’s performance from the previous year. Based on its strong results, Kroger raised guidance for third quarter earnings and same-store sales.

"We are winning with customers because we offer a full range of advantages including a great overall shopping experience, excellent customer service, a complete assortment of both national and corporate brand products, and everyday low prices and promotional offerings," said Rodney McMullen, Kroger’s CEO. "As we improve our connection with customers, we are also executing our growth plan and delivering on our key performance indicators — all of which is fueling strong financial results for shareholders."

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