King Kullen implements NuVal nutrition scoring system
BETHPAGE, N.Y. — New York-based supermarket retailer King Kullen announced that it is partnering with NuVal to provide customers with better insight of what foods they should be eating.
NuVal’s nutrition scoring system — in which store items receive a NuVal score from 1 to 100, making it easy for consumers to compare the overall nutrition of the foods they buy at a glance — will be implemented in all of King Kullen’s stores, which are located throughout Long Island and Staten Island.
King Kullen co-president J. Donald Kennedy said, “Through this partnership, NuVal and King Kullen will help customers learn how to live better, more nutritious lifestyles. By putting NuVal scores on our shelves, we’re giving our shoppers the ability to instantly find and ‘trade up’ to more nutritious items within each food category."
To your health: Light to moderate drinking may lower heart disease risk, researchers find
NEW YORK — The Spaniards drink Rioja wine with a hearty “Salud!,” while the Irish knock back Jameson whiskey and Guinness beer with “Slainte.” Nobody can say who coined the two calls to imbibe, both of which mean “health,” but according to two recent studies, it looks as though they were on to something.
The studies, led by University of Calgary researchers Paul Ronksley and Susan Brien and published in the journal BMJ, found that people who drink moderately are 14% to 25% less likely to develop heart disease than those who don’t drink at all.
One study found that light to moderate drinking was associated with lower risks of such heart diseases as coronary heart disease and stroke, while another study found that moderate drinking increased levels of “good” HDL cholesterol while lowering levels of fibrinogen, though it didn’t change levels of triglycerides.
Heavy drinking, of course, still is unhealthy, and the authors said a balance needed to be found in public messaging that emphasized the potential harm caused by consuming large amounts of alcohol. It appears, however, that a drink after work or on the weekends might be all right for what ails you.
Target turns in a solid year
MINNEAPOLIS — Fourth-quarter earnings per share at Target advanced 17% to $1.45, compared with $1.24 the prior year, thanks to a seven-cent-per-share tax benefit.
Quarterly profits were slightly more than $1 billion, compared with $936 million the prior year. Fourth-quarter sales increased 2.8% to $20.3 billion, compared with $19.7 billion in the prior year, and were aided by a 2.4% increase in same-store sales.
Target chairman, president and CEO Gregg Steinhafel said the company was very pleased with its fourth-quarter and full-year 2010 financial results as they reflected strong performance in its retail and credit card business segments. Looking forward, Steinhafel said 2011 would be a year in which the company would focus on driving sales and traffic and providing an enhanced shopping experience through strategic initiatives, such as an ambitious remodel program, the 5% REDcard Rewards program and the relaunch later this year of the Target.com platform.
“Beyond 2011, we plan to expand our store footprint in new ways, opening our first CityTarget stores in 2012, and opening 100 to 150 Canadian Target stores in 2013 and 2014. We believe these transformational initiatives position Target for profitable growth in 2011 and many years to come, and will create meaningful shareholder value over time,” Steinhafel said.
CityTarget is the name recently given to the company’s small-format stores.
Profits experienced overall growth, the company reported.
Fourth-quarter gross margins declined to 28.7%, compared with 29.1% last year, due to the impact of the PFresh remodeling program. However, the company also managed to control expenses as evidenced by a decline in its selling, general and administrative expense rate, which dropped to 18.1% from 18.5%.