Sam’s Club’s Simply Right brand donates $500K to vitamin program for the needy
BENTONVILLE, Ark. — Sam’s Club, via its Simply Right wellness brand, has donated $500,000 to Vitamin Angels, a nonprofit organization dedicated to increasing availability, access and use of micronutrients among at-risk populations in need. The monetary donation will help Vitamin Angels expand their efforts to reach at-risk children age five and under with vitamin A and daily multivitamins and pregnant or breastfeeding women with prenatal vitamins around the world and domestically.
"Sam’s Club is committed to supporting health and wellness awareness, chronic disease prevention and quality solutions for our members, families and communities," said Jill Turner Mitchael, svp health and wellness at Sam’s Club. "For 50 cents a year, Vitamin Angels can provide the two doses of vitamin A per year that a child needs to encourage good eye health and vision. When we learned about Vitamin Angels, our team knew it was ‘simply right’ to extend Sam’s Club dedication to health to as many at-risk children and mothers as possible"
Sam’s Club’s Simply Right private brand includes vitamins and supplements, baby care products, health and beauty aids and pet care products.
American Greetings board considers privatization
CLEVELAND – Greeting card maker American Greetings announced last week that its board has formed a committee of independent directors to consider an offer to privatize the company, reported the Associated Press.
According to AP, CEO Zev Weiss and his brother, president and COO Jeffrey Weiss, along with other investors and executives, submitted a proposal to the board on Sept. 25. The group wants to buy all of the company’s common stock that it doesn’t already own for $17.18 per share, valuing American Greetings at approximately $581 million.
The new four-person committee of directors will be led by Scott Cowen, president of Tulane University. The committee has retained legal and financial counsel and will consider other options, the company announced.
American Greetings, which includes such brands as Recycled Paper Greetings and Papyrus, lost $4.3 million — or 13 cents per share — in its second quarter, primarily due to costs related to the acquisition of Britain’s Clinton Cards. American Greetings’ shares fell 7 cents to close at $16.99 last Friday.
Poll: Election is a nonfactor in hourly employers’ decision-making
RICHMOND, Va. — While hourly employers have an eye fixed on the presidential election and its potential effects on health care, most are not waiting until after Election Day to make business decisions, according to a poll of hourly employers by Snagajob, the nation’s largest hourly employment network.
More than half of hourly employers (55%) cited potential healthcare requirements as the key presidential election issue most likely to affect their business. Possible economic stimulus plans (25%) and tax code changes (14%) were among other concerns weighing on hourly employers. And more than two-thirds (67%) said that they did not have a “wait and see” attitude about their business plans during the campaign process.
“Some in the market may have expected that hourly employers would have a ‘wait and see’ business attitude in light of the upcoming election,” stated Jason Hamilton, VP marketing for Snagajob. “But when you consider that about 60% of our workforce is paid by the hour and that hourly businesses support many of the everyday services that we depend on, it makes sense that hourly employers have to press on, presidential election or not.”
The survey also found that staffing remains the top priority — specifically hiring and retaining good employees. When asked to evaluate a number of business factors, 64% of hourly employers said that the ability to hire good employees was “extremely important,” with a similar number citing the ability to retain good employees (63%). When evaluating other factors, 35% of hourly employers said a decrease in consumer spending was “extremely important” in terms of affecting their business, as is an increase in hard costs (29%).
“It might be hard for a manager to attach a specific dollar amount to staffing their front lines and replacing a good employee, but as this poll demonstrates, hourly employers still see quality staff as their top business priority,” Hamilton added.
Furthermore, the majority of hiring managers (57%) noted they encourage their employees to vote.
These results are based on unscientific polling of hourly employers who use Snagajob for their sourcing and talent management needs. The online survey was administered between Sept. 7 to 21, 2012, garnering 362 employer responses of various industries and sizes.