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Tesco to add 10 Fresh & Easy Neighborhood Markets to Las Vegas market

BY Michael Johnsen

LAS VEGAS Tesco last week announced announced the locations of an additional 10 Fresh & Easy Neighborhood Markets in the Las Vegas area, all former Rite Aid drug stores, where the company currently operates 11 stores.

The prescription files for those Rite Aid locations had been transferred to Walgreens in a January transaction.

“With every week, we continue to secure additional sites and build more stores,” stated Tim Mason, Fresh & Easy chief executive officer. “Fresh & Easy sales are ahead of budget and we continue to trend upwards in every market.”

Fresh & Easy operates more than 60 markets throughout Southern California and in Arizona and Nevada.  The company plans to begin opening stores in Northern California next year. Tesco is investing $2 billion in Fresh & Easy over five years.

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JPMA refutes media reports about dangers of baby bottle materials

BY Jenna Duncan

MT. LAUREL, N.J. The media has been asked by the Juvenile Products Manufacturers Association to halt stories with claims of purported negative health effects from using baby products containing bisphenol A (BPA). JPMA claims that statements of ill health linked to items containing BPA are often misleading and frighten consumers.

According to JPMA, research has shown that when used properly, products made with BPA do not pose a health threat.

Robert Waller, Jr., the president of JPMA, said, “JPMA is extremely disappointed in the media for speculating that Health Canada’s assessment of BPA would recommend labeling the chemical a dangerous substance, when in fact the report has not even been issued yet.”

Claims in the media have stated that risk may come from the plastic shields on pacifiers, parts of baby bottles or sippy cups being broken down or chewed, and then ingested with food or saliva. Scientific findings indicate that BPA may cause estrogenic effects in laboratory animals, and so concerns about the safety of baby products, especially bottles, has been under scrutiny.

JPMA, whose mission is to educate consumers and industry professionals about juvenile products and safety, is referring consumers to its Web site, www.babybottles.org, for more information on BPA and related health findings.

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American Greetings reports fiscal 2008 profit

BY Doug Desjardins

CLEVELAND American Greetings generated $83.3 million in earnings for fiscal 2008, including $15.6 million in the fourth quarter ended Feb. 29, and more than $1.77 billion in total sales for year. Total sales were down about 1 percent from $1.79 billion the previous year, but earnings were up 96 percent from $42.4 million.

“I’m pleased we were able to achieve earnings within our forecasted range and exceed our cash flow guidance,” said American Greetings chief executive officer Zev Weiss. “Our strong cash flow allowed us to make two acquisitions in the digital photo space and repurchase shares.”

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