Navarro Discount Pharmacies inks deal with Sona
MIAMI Navarro Discount Pharmacies, which operates 28 stores in Miami, has partnered with Sona to provide point-of-sale reporting to all suppliers.
The program will be presented to vendors and suppliers at the Vendor Summit on Oct. 8 hosted by Navarro.
"As a Hispanic-centric retailer, we are committed to understanding our customers and their buying needs within every market we serve; in turn, our partnership with Sona will give our suppliers the tools needed to unlock the potential of this underserved market. We want our vendors to know and understand ‘Hispanic’ at the same level we do," stated Jose Alvarez, VP merchandising.
Sona provides a Web-based dashboard-driven data management solution.
Suppliers will have the ability to look into each category and understand what the key sales drivers are for the category. Custom product hierarchies and store clusters will enable suppliers to view the data in ways that are designed to maximize insights and drive sales. Suppliers also will have the opportunity to review how their products influence the shopper’s market basket.
NRF responds to Chinese currency legislation
WASHINGTON Another group representing retailers has joined those opposed to legislation designed to pressure China to revalue its currency.
Following last week’s statement of opposition by the Retail Industry Leaders Association, the National Retail Federation is urging the House to reject H.R. 2378, the Currency Reform for Fair Trade Act, a bill that would require the Department of Commerce to determine whether a country’s currency is undervalued and constitutes an illegal export subsidy when considering cases of countervailing duties. The organization said the bill may violate certain World Trade Organization policies that determine what kinds of government financial contributions can be considered prohibited export subsidies and that it could set off retaliatory measures against U.S. exports by the Chinese.
Many members of Congress lately have stepped up criticism of China’s policy of pegging its currency, the renminbi yuan, to the U.S. dollar, saying that it constitutes currency manipulation that undercuts U.S. manufacturers.
“While we agree that the Chinese currency needs to move toward a market-determined exchange rate, H.R. 2378 would be ineffective in addressing the currency issue and would create significant costs for U.S. companies and workers in retail and other industries,” NRF SVP government relations Steve Pfister said. “This bill cannot provide effective leverage over China to resolve the currency issue or have any positive impact on either the trade deficit or U.S. jobs.”
Clorox gets new look
OAKLAND, Calif. Clorox unveiled its new corporate logo this week, marking the company’s most dramatic logo overhaul since 1957.
The nearly 100-year-old company said that the new logo reflects its focus on eco-friendly products and the strengthening of its brand portfolio.
"Our new logo better communicates what The Clorox Co. stands for today," said Clorox chairman and CEO Don Knauss. "We’ve kept visual elements that reflect our heritage, but we emphasized our forward-thinking mindset and objective to achieve strong growth, drive innovation and focus on sustainability."