Consumer Biz Roundup: Walmart Gets Healthy, Disney Looks to Hispanic Viewers
Coca-Cola (NYSE:KO) gives a sweet forecast at a sugar conference in Dubai. The goal is to increase net revenues to over $200 billion by 2020. In ten years, it will have doubled profit. A positive long-term economic outlook, population growth, and a vibrant beverages industry will boost growth, with the firm expecting a major contribution from Brazil, Russia, India, and China.
Investing Insights: Sweet Forecast for Coca-Cola.
Wal-Mart (NYSE:WMT) launches its “Great for You” program to reduce the fat, sugar and sodium in some of its private-label foods. WMT will market those items and other healthy products more aggressively starting in April, hoping to reach more middle-income buyers and possibly making inroads into urban markets.
Wal-Mart Canada (NYSE:WMT) plans to spend $750 million in 2012 to add 4.6 million square feet of retail space and create 14,000 jobs in Canada. Thirty-nine of the seventy-three stores will be converted from Zellers outlets that it purchased last year, and the rest will be new stores and expansions, or refurbished existing stores.
Don’t Miss: Healthier Food Options at Wal-Mart.
Wal-Mart (NYSE:WMT) names Greg Foran head of operations in China. It is trying to revive its ambitious goals in the nation after suffering public relations and legal difficulties tied to the marketing of pork products. The New Zealander faces an uphill battle. Analysts are pointing out the difficulty of competing with mom-and-pop shops in China as compared to the firm’s path to coast-to-coast success in the United States.
SuperValu (NYSE:SVU) rids itself of 800 positions with a majority of the cuts set to take effect by the end of the firm’s fiscal year on February 25. The company reiterates its goal to emphasize “hyperlocal” retailing and remain focused on investing capital into the growth of discount chain Save-A-Lot.
Disney (NYSE:DIS) and Univision have a potential deal lined up. The firms hope to launch a 24-hour news channel for Latinos in English before November’s presidential election, as political advertising could influence important swing voters in states such as Florida, New Mexico, and Colorado.
Earnings Report: The Walt Disney Company Earnings: Rise in Profit.
To contact the reporter on this story: at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com