Rocky Mountain Chocolate and Cold Stone Creamery Try Co-Branding
Denver Rocky Mountain Chocolate Factory and Cold Stone Creamery entered a tentative co-branding agreement to determine if their products will complement each other, the companies announced Wednesday.
The two companies have 90 days to decide if they want to pursue a definitive agreement.
Under the deal, Rocky Mountain Chocolate Factory and Cold Stone Creamery will co-brand their products in seven franchised stores: three Rocky Mountain stores and four Cold Stone Creamery stores.
“We are delighted to have the possibility to enter into a co-branding test with Cold Stone Creamery,” Bryan Merryman, COO of Rocky Mountain Chocolate said in a statement. “A number of our franchisees in other markets have been successful in offering ice-cream products on their store menus.”
If the co-branding is successful, the two companies will discuss more extensive licensing agreements in the future.
Burlington Coat Factory cuts 1Q loss
BURLINGTON, N.J. Burlington Coat Factory reported that net sales for the first quarter ended Aug. 30 were $707 million, compared with $678.8 million for the comparative period ended Sept. 1, 2007, a 4.2 % increase. Comparative-store sales increased 0.2% for the quarter.
The company recorded a net loss of $32.5 million for the quarter compared with a net loss of $50.4 million for the same period last year.
NRF ask Congress to consider 2nd stimulus package
WASHINGTON The National Retail Federation is urging Congress to hold a lame duck session to address the nation’s economy as soon as possible after the November elections, and to include tax relief for consumers in any economic stimulus package that is adopted.
“The United States is in the midst of a national crisis,” NRF president and ceo Tracy Mullin said. “Extraordinary measures are needed to address this profound economic emergency that has affected every American.”
“Consumer confidence has been badly eroded by the foundering economy and instability of the financial markets,” Mullin said. “Because consumer spending represents two-thirds of GDP and supports tens of millions of jobs, it is difficult if not impossible to foresee an improvement in overall economic growth until consumer confidence and spending improve.”
Mullin said she believes a second round of stimulus checks would provide a much-needed boost in consumer spending.
Mullin’s comments came in a letter sent today to House Speaker Nancy Pelosi, D-Calif.; House Minority Leader John Boehner, R-Ohio, Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Ky.