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Schiff to change ticker symbol from WNI to SHF

BY Michael Johnsen

SALT LAKE CITY — Schiff Nutrition International is scheduled to change its NYSE ticker symbol and, effective June 11, the stock will begin trading under the symbol SHF.

“We are focused on building premium brands and leading innovation in heart health, joint care, immune support, digestive health and other key nutritional supplement conditions," Schiff CEO Tarang Amin said. "We are excited to begin trading under a new ticker symbol NYSE: SHF that more closely reflects our company name.”

The company was first listed on the New York Stock exchange in 1997 as Weider Nutrition International (NYSE: WNI). In 2005, the company changed its name to Schiff Nutrition International.


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Younger adults consider, opt for green products

BY Allison Cerra

NEW YORK — Environmental issues continue to be either "extremely" or "very" important to U.S. adults — especially those ages 18 to 24 years — when deciding which products or services to purchase, according to a new poll from Harris Interactive.

The Harris poll discovered that among U.S. adults ages 18 to 24 years, that number has increased from 22% in 2009 to 31%. Additionally, more than one-third (35%) of them said they were willing to pay extra for a green product — compared with 27% in 2010 and 25% in 2009 — while 11% of them said they seek out green products and services regardless of the cost (compared with 4% of all U.S. adults surveyed). Harris Interactive did find, however, that 51% of respondents in this demographic said they were unwilling to pay extra for green products.

"Considering the sharp uptick in reported purchasing behavior among young American adults, we may very well see environmental issues grow in importance in the years to come, as these younger Americans see their purchasing power increase as they move into and advance in the workplace," Harris Interactive said.

Overall, 26% of 2,451 U.S. adults ages 18 years and older have expressed this sentiment; however, it virtually has remained unchanged since 2009: 27% of U.S. adults said environmental issues were extremely/very important to their purchasing decisions in 2010, while 26% said the same in 2009. Despite this, the number that remains consistent across gender, geography, education and income, Harris Interactive noted.

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May sales rise for Fred’s

BY Allison Cerra

MEMPHIS — Fred’s experienced a boost in monthly and comparable-store sales during the month of May, the retailer said Tuesday.

Total sales for the four-week period ended May 26 rose 6% to $152.1 million, compared with May 2011, while comps rose 1.3%, compared with an increase of 0.2% in the same period last year. During the period, Fred’s opened one new store.

"We are pleased to report a solid start to our second fiscal quarter, with total and comparable sales both at the high end of expectations for May," Fred’s CEO Bruce Efird said. "As we discussed in our recent earnings conference call, we initiated several new product programs late in the first quarter, and these initiatives have begun to contribute to higher general merchandise sales. Additionally, our pharmacy department continued its strong performance, against the broader shift of brand to generic drugs. We are confident that our initiatives in general merchandise will lead to an improvement in comparable-store sales going forward. Based on this expectation, along with the improved performance of our newer stores, we remain optimistic about the momentum developing in our business for the second quarter and the remainder of the year."

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