Consumer Biz Recap: Whole Foods REVEALS Growth Plan, General Motors SHUTTERS a Plant
Whole Foods Market (NASDAQ:WFM) executives at the William Blair Growth Stock Conference report that their company plans to open between 28 and 32 stores in 2013, and remark that WFM has the potential to ultimately operate about a thousand. However, shares move down, up and then down, as investors react to that growth projection.
General Motors (NYSE:GM) plans call for the closure of a facility in Germany that manufactures autos for its Opel division after 2016, but despite the weak demand on the Continent, workers will be protected until that date by labor unions, and will thus stay on their jobs.
British Sky Broadcasting (BSYBY.PK) and BT Group (NYSE:BT) are awarded the rights to broadcast English Premier League games domestically, by their combined bid of £3 billion, or $4.6 billion. The deal represents a rise of 70 percent over the price on the current contract, which will expire at the year’s end. However, both Disney’s (NYSE:DIS) ESPN, and News Corp’s (NASDAQ:NWS) Fox are in the race for the international rights, to be announced later in 2012.
Don’t Miss: RED FLAGS: Cable Companies Land on DOJ’s Radar.
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