In SEC filing, A&P reports resignation of CFO
MONTVALE, N.J. — Bankrupt grocer A&P reported in a recent filing with the Securities and Exchange Commission that Brenda Galgano, SVP, CFO and treasurer, will resign, effective March 27.
According to the filing, Galgano gave her notice on Feb. 10. No additional details on her departure were disclosed.
As previously reported by Drug Store News, the grocer elected Greg Rayburn to its board of directors, following the resignation of Dr. Jens-Jürgen Böckel. Additional executive changes were announced during A&P’s third-quarter earnings release last month.
Shopper trends revealed in BrandSpark, BHG study
NEW YORK— BrandSpark International, along with Better Homes and Gardens, released the top shopper trends from the third annual Best New Product Award (BNPA) American Shopper Study, which surveyed more than 63,000 Americans.
According to the study, when it comes to food and health, Americans are becoming more concerned about their choices. The survey found that eight in 10consumers are looking for products that are healthy, five in ten consider themselves overweight, seven in 10 aretrying to reduce their consumption of processed foods, six in 10consumers are looking for food products that can reduce the risk of major health issues, and sevenin 10 consumers are concerned about the amount of fat in their diet.
The survey also found that buying local food is important to consumers, with nearly six in 10 Americansconsciously trying to buy foods that are local, an increase from five in 10 a year ago.
In the area of beauty, the study found that consumersare looking for products that are well priced, simple to use and that are proven effective (the top 3 drivers).
The survey revealed some interesting perceptions on private labels. Six in 10 consumersconsider private label over-the-counter health products as good as brand name, but only four in 10 believe the same for beauty products, the study found. Fivein 10 shoppers believe the best new innovations come from brand name products and four in 10 also still consider themselves loyal to brand names.
When it comes to choosing where to shop, the survey found the top three factors for consumers are: the products shoppers always need are in stock, the retailer has the freshest products and the shelves are clean and well organized.
According to the survey word of mouth has a bigger influence over certain categories. For example, more than eight in 10 consumers will try new food products without having received a recommendation, but only five in 10 tend to be first to purchase new beauty products. Eight in 10 American shoppers will tell friends and family when they get a deal on something, while six in 10 shoppers are likely to buy a product that is recommended by others.
The importance of a trusted brand is high for all categories including food, health and beauty and household products, according to the survey
Mobile devices have become an important tool in the shopping process, the survey found. Making orstoring shopping lists and downloading coupons are the most common shopping tasks performed on smartphones. In addition, onein four shoppers are likely to use coupons sent to their mobile device, including 40% of those 18 to 34 years of age.
Warner Bros. Consumer Products, Mattel develop Green Lantern toy line
BURBANK, Calif. — Gearing up for the summer release of superhero flick Green Lantern, Warner Bros. Consumer Products is teaming up with licensee Mattel to help fans fight evil through a new branded toy line.
WBCP said Mattel will bring "Green Lantern" to life by producing the lineup, which includes:
The Green Lantern Ring Blast jet figure and vehicle;
The Green Lantern Battle Shifters figures;
The Green Lantern Movie Masters figures; and
Such role-play items as the Green Lantern Colossal Cannon blaster.
The Green Lantern toys will be presented at the 2011 International Toy Fair in New York this week.
“Green Lantern is among the greatest superhero characters in popular culture, and we are proud to unveil a merchandise program befitting this summer’s highly anticipated film, as well as the perennial comic book franchise,” said Karen McTier, EVP domestic licensing and worldwide marketing for Warner Bros. Consumer Products. “Led by an incredible toy line from Mattel, fans of all ages around the world will be able to capture the excitement of Green Lantern.”