Jergens promotes sunless tanner as study finds many still skipping sunscreen despite risks
NEW YORK — Looking to spread the word about the dangers of sun exposure and recommit to taking preventive measures like wearing sunscreen, Jergens is promoting its Natural Glow Daily Moisturizer, which has been reformulated with odor-reducing technology.
According to findings recently presented by researchers at Yale University, more than one-quarter of people who have had melanoma say they never use sunscreen. What’s more, 2% admit they have used a tanning bed in the last year. These numbers aren’t much better than the general population: Just 17% of adults report always wearing sunscreen, the manufacturer stated.
Jergens Natural Glow is available at food, drug and mass retailers and costs $8.99.
Report: Cerberus eyeing Harris Teeter grocery chain
NEW YORK — Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.
A person familiar with the matter told the WSJ that Cerberus sees adding stores as a way to trim costs through additional scale while creating turnaround opportunities.
In March, AB Acquisition, which is an affiliate of Cerberus Capital Management, acquired from Supervalu the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacy operations — a move that reunited all Albertsons stores under one operator.
Sears Holdings sales decrease in Q1
HOFFMAN ESTATES, Ill. — Black turned to red for Kmart parent company Sears Holdings as the company reported losses of $279 million for first-quarter 2013, compared with a $189 million profit in first-quarter 2012.
At the same time, despite a 3.6% decline in comps during the quarter for the company’s U.S. business, online business for its Sears.com and Kmart.com website grew by 20%, and members of its Shop Your Way loyalty program generated more than 60% of sales.
"Our recent financial performance has not been acceptable, although we have seen some positive momentum as sales per member increased, and our online business grew 20% in the quarter," Sears Holdings chairman and CEO Eddie Lampert said. "During the quarter, we have accelerated our activity to transform Sears Holdings into a leading integrated retailer that fosters relationships with members through our Shop Your Way platform."
Part of that, Lampert said, includes new mobile services like Member Assist, which allows members of the loyalty program to communicate directly with its store staff remotely.
During the quarter, the whole company had sales of $8.5 billion, down by $818 million from first-quarter 2012, primarily due to there being fewer Kmart and Sears stores in operation, lower comps and the separation of the Sears Hometown and Outlet businesses that occurred last year. Comps for Kmart, which was operating 1,211 stores as of May 4, decreased by 4.6%, while total sales were $3.1 billion, compared with $3.4 billion last year, when it had 1,290 stores.