Report: Harris Teeter eyeing expansion into D.C., Baltimore markets
BALTIMORE — Kroger is planning to expand its footprint into Washington, D.C., and Baltimore under its Harris Teeter banner, according to a report in the Baltimore Business Journal published Thursday.
Harris Teeter has multiple locations across the Baltimore area, including a new store in Canton, the report noted.
Kroger also may soon be lowering prices across its Harris Teeter banner. According to the report, Kroger SVP and CFO Michael Schlotman told analysts earlier this week that Harris Teeter prices were actually higher than the consumer perception of those prices. "The actual pricing at Harris Teeter, going into the time of the merger, was a little worse than the customer’s perception of the pricing,” he said during the J.P. Morgan Consumer and Retail Conference in London earlier this week.
But lower prices will not necessarily translate into lower margins — Kroger has stated it expects to achieve between $40 million and $50 million in its acquisition of Harris Teeter, and those synergies will be used to reinvest into the franchise.
Philips Norelco, baseball champ Nick Swisher team up for ‘High & Tight’ salute to U.S. military
STAMFORD, Conn. — Philips Norelco, an electric shaving and grooming brand, along with baseball All-Star Nick Swisher, are rallying guys across the United States to show support for our military service members by sporting the iconic military haircut — the “High & Tight” — using the new Philips Norelco Hairclipper 7100.
Philips Norelco, in partnership with Operation Homefront, hopes to spark a conversation about the needs of our troops and their families, while driving awareness for organizations that support the cause.
Philips Norelco is officially kicking off the "High & Tight Salute" campaign in May (National Military Appreciation Month) with a $25,000 donation to Operation Homefront, a nonprofit organization that is dedicated to providing such services as financial assistance, emergency food and home repairs to military families across the nation. Philips Norelco will donate an additional $5,000 to Operation Homefront and ask fans to upload a picture of their High & Tight to @PhilipsNorelco with #HighNTight.
L’Oréal USA seeking nominations for third annual ‘NEXT Generation Awards’
NEW YORK — L’Oréal USA has announced an open call for nominations for the Third Annual Women in Digital “Next Generation Awards” to honor women leaders in the fields of digital marketing, technology and IT.
L’Oréal’s Women in Digital program promotes, supports and recruits female entrepreneurs, providing them with the opportunity to launch and scale new technology with the potential to drive L’Oréal brand innovation and impact the future of the beauty industry.
“For more than a century, innovation has been the backbone of L’Oréal’s business success and as the leader in beauty, we absolutely depend on the contributions that women make in the field,” stated Rachel Weiss, VP of digital innovation at L’Oréal USA and chair of L’Oréal USA Women in Digital. “We view the Women in Digital program as a natural extension of L’Oréal’s mission of ‘Beauty for All’ — our mission to bring beauty to all people — as these young companies will empower and drive women to innovate and push the boundaries of knowledge to become leaders in the technology space.”
The Women in Digital NEXT Generation Awards are given to three female-founded companies that are considered game-changers in the technology space and have created innovative business solutions from e-commerce, mobile, customer acquisition, and big data, to wearables and 3D printing.
In addition to piloting their technology with L’Oréal brands, the 2014 winners will meet potential investors and receive mentorship from the new advisory board, which includes leaders in technology such as Joanne Bradford, head of partnerships at Pinterest; Alexia Tsotsis, co-editor of TechCrunch; Margit Wennmachers, partner at Andreessen Horowitz; Padmasree Warrior, chief technology and strategy officer of Cisco; and Arianna Huffington, chair, president and editor-in-chief of the Huffington Post Media Group.
“Being chosen by L’Oréal to join the Women in Digital program gave Poptip continued momentum to scale the company and foster long-term partnerships,” stated Kelsey Falter, founder and CEO of Poptip, a 2013 NEXT Generation Award winner. “Collaboration with an industry leader gave us the opportunity to apply our innovative technology within the context of the beauty industry and gave us unprecedented access to innovative business leaders at L’Oréal who we continue to work with today.”
"Women in Digital has been an amazing springboard for Pixability into the beauty industry,” added Bettina Hein, founder and CEO of Pixability, a 2012 NEXT Generation Award winner. “We piloted our technology through the program and two years later we’re the market leader in YouTube marketing technology for beauty products. Rachel Weiss is such incredibly dedicated mentors to female tech entrepreneurs."
To further its mission of inspiring women of all ages, L’Oréal USA is also partnering again with Girls Who Code for this year’s Women in Digital program to inspire, mentor and educate the next generation of girls to study computer science and technology.
Any women-led technology companies interested in applying for the “NEXT Generation Awards” can do so at lorealwomenindigital.com from May 21 to June 23. The honorees will be announced and celebrated at the third annual L’Oréal Next Generation Awards in New York City in September.