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Arm & Hammer introduces Ultra Last clumping cat litter

BY Allison Cerra

PRINCETON, N.J. — Arm & Hammer has introduced a new type of cat litter that’s aimed at busy cat owners who don’t have time to clean the litter box every day.

New Ultra Last clumping cat litter contains Arm & Hammer baking soda-coated granules and special odor neutralizers that continuously eliminate even the worst litter box odors, the company said. It also creates rock solid clumps that give way for easy removal of the source of odors and the moisture activated fresh scent deodorizes the litter every time the cat uses the litter box.

Arm & Hammer Ultra Last clumping cat litter is available in 20-lb., 28-lb. and 40-lb. sizes at leading retail outlets nationwide for a suggested retail price range from $8.99 to $16.99.

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Kroger expands reach to Ohio Northern campus with kiosk test

BY Michael Johnsen

ADA, OHIO — Kroger last month installed its first remote "kiosk store" on the campus of Ohio Northern University here, according to a report published Wednesday in the Toledo Blade.

The kiosk model is still in test market phase, a company representative told the Blade.

The refrigerate, 10-ft.-by-13-ft. kiosk can hold up to 200 items — though the Kroger kiosk currently fields 164 SKUs — including anything from toiletries and cleaning supplies to perishables that include fresh milk, bread, fruit and ground beef.

For the full Toledo Blade report, click here.

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Fred’s announces increases in cash dividend, share repurchase program

BY Michael Johnsen

MEMPHIS, Tenn. — Fred’s on Thursday announced an increase in the company’s quarterly cash dividend by 20% to 6 cents per share, and an increase in the company’s stock repurchase program to an additional 3.6 million shares, or 10% of the currently outstanding shares.

"The board is pleased to announce the fourth consecutive year in which we have raised the dividend while successfully executing our share repurchase program," Fred’s chairman Michael Hayes said. "Our decision took into consideration our strong cash flow, the 2012 financial plan and the capital requirements of continued new store and pharmacy growth."

The dividend is payable on March 15 to shareholders of record as of March 1.

 

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