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Report: Target asks suppliers for help
Target is reportedly requesting that many of its suppliers assume up to 3% to 5% more of the cost of promotions and price reductions on some items. According to Reuters, at least 12 Target suppliers have confirmed they were asked to pay for more of the promotional cost for a variety of slow-moving products. Target reported declining sales in its most recent fiscal quarter and publicly said it would likely enter an extended promotional period. (Reuters)
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More consumers to get Steripod toothbrush protection
LOS ANGELES – Personal care products brand Steripod has expanded the distribution for its market leading clip-on toothbrush protector.
The product is now available in 30,000 stores across the United States, including for the first time at 6,000 CVS and 6,000 Walgreens stores. Additionally, Steripod has added 200 Meijer stores, Shopco Wisconsin locations and will roll out to 1,000 plus Kroger Group stores nationwide later this year.
