Consumer Business Roundup: Dunkin’ Goes Big, Ford Goes to Mexico
Ron Johnson’s makeover of J.C. Penney’s (NYSE:JCP) marketing efforts gets a nod from Citigroup, referring to its surveys that imply that the stores’ new looks are being positively received by customers. Further, analysts retain the company on their Top Picks Live list on the increasing likelihood that Johnson’s strategy will pay off.
Investing Insights: Big Dunkin’ Shareholders Continue to Dump Stock.
A public offering of Dunkin’ Brands (NASDAQ:DNKN) shares by a group of private equity firms and private investors, will grow from a level of 22 million to 26.4 million, according to that company. Shares in the allotment sell at $29.50.
“Red-rated” fish species, including Atlantic cod, Atlantic halibut, gray sole, octopus, and skate, are now held safe by Whole Foods Market (NASDAQ:WFM). The species are either thought to be overfished, or obtained by environmentally harmful methods, and Whole Foods will no longer offer them.
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After being bailed out by the United States government and then recovering, a Ford (NYSE:F) executive now says that the automaker intends to inject $1.3 billion into a stamping and assembly plant in the Mexican city of Hermosillo. The move follows a recent accord to bring jobs in from overseas operations. Perhaps Ford mistakenly thinks that it was the Mexican government that bailed it out?
Even though Procter & Gamble (NYSE:PG) was removed on Friday from Barclays Consumer Staples Favorites List, its shares stay afloat, but remain an overweight. The removal was due to volume and share losses, and it was also noted that an acceleration in PG’s pricing but a slump in branded averages is observed in recent data.
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