Sherwin-Williams Q3 profit flat, misses Street
Cleveland Sherwin-Williams Co. reported Tuesday that it posted flat earnings for the quarter ended Sept. 30. The paint manufacturer and retailer cited an 8.8% increase in revenue offset higher raw materials costs.
Sherwin-Williams reported net income of $175.3 million, compared with net income of $175.2 million in the year-ago period. Revenue rose to $2.17 billion from $2 billion in the prior year. The earnings missed Wall Street expectations.
Kroger names group VP perishables merchandising and procurement
CINCINNATI – Kroger announced that Jeffrey Burt has been promoted to group VP perishables merchandising and procurement.
Burt previously served as VP deli/bakery merchandising and procurement for the company, a position he has held since 2004. Prior to that, Burt held leadership roles at QFC, the Kroger division based in Seattle. He began his career with Kroger in 1986 as a management trainee.
"Jeff is an excellent merchandiser with a deep understanding of our customers’ preferences in the perishable departments," said Rodney McMullen, Kroger president and COO. "His experience and leadership will help guide the growth of our important produce, meat, seafood, deli and bakery offerings."
P&G unites innovation with value for multipronged campaign
NEW YORK – In response to a national survey, which found that many women often are disappointed with their purchase of household products and desire more product innovation, Procter & Gamble has developed the multipronged “Have You Tried This Yet?” campaign as a way to highlight the manufacturer’s newer, more unique products. As part of the campaign, P&G opened to the public on Oct. 22 an interactive pop-up store in New York to drive awareness and product trials.
The temporary store, located at 101 West 57th St. near Sixth Avenue, will be open through Oct. 31, offering consumers free demonstrations and product samples from such brands as Olay, CoverGirl, Febreze, Charmin, Pringles, Bounty and Tide.
“What you are seeing here is a few of the products that really have a lot of consumer appeal and are, from a performance and a value standpoint, beneficial to the consumer,” Nataraj Iyer, P&G’s associate marketing director of multibrand commercial innovation, said during a special media preview event the evening of Oct. 21. “The key is we are trying to make sure that the consumers understand the performance of the products because she has indicated to us, through surveys and so forth, that she finds it very difficult to find new products and why she should change. So one of the ideas of bringing all of these things together is to really bring together these innovations.”
The event also included brief presentations by Michelle Callahan, a TV host, relationship expert, coach and developmental psychologist; Rolanda Johnson, a P&G Beauty scientist who is responsible for working with dermatologists and clinicians; and Kimberly Danger, the creator of Mommysavers.com, frugal expert and author.
When browsing the pop-up store, consumers will find a variety of interactive stations including, but not limited to:
* A Clairol Nice’n Easy station where they can learn about the line and even schedule an appointment for a free hair coloring at the pop-up store;
* A Crest 3D White station where they can see computer-generated before-and-after photos of their teeth when using the Crest 3D White teeth whitening system;
* A skin care station where consumers can test the luminosity of their skin and discover the benefits of Olay Regenerist Micro-Sculpting Serum;
* A makeup station where beauty mavens can get a makeover using CoverGirl products, including CoverGirl Clean Makeup;
* A station where consumers can discover the benefits of using the Bounce Dryer Bar and Tide Stain Release In-Wash Booster.
There also are several computers located in the store so consumers can sign up to receive samples, coupons and product reviews via PGtryit.com, as well as visit the eStore, which sells P&G brands.
Overall, the campaign brings together 18 different products, from across a range of categories, which have been launched in the past 16 to 18 months. Aside from the pop-up store, the campaign also includes direct-response TV, newspaper advertisements and direct-to-consumer mailings that will reach about 10 million consumers. The campaign also will be supported in P&G’s BrandSaver coupon booklet, which reaches 57 million households and offers more than $113 in savings.