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Vol. 2 No. 3 |
March 2008 |
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The Industry Affairs Review is made possible by support of:
In This Issue:
Retailer Profile:
Save the Date: Unsaleables Conference
GMA Industry Affairs Group:
Troy J. Beeler Sales & Sales Promotion
Coordinator
Business Development
Assistant Supply Chain &
Technology
Intern
Industry Affairs
Senior Manager Industry Performance
Industry Affairs Review Team:
Natalie Berg
Lisa Allen IAR Editor
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At a Glance |
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| Key Operating Facts | |||||||||||||
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Group Sales (Inc VAT) 2007 |
USD $12.2 Billion |
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Net Sales (Ex VAT) 2007 |
USD $ 9.4 Billion |
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EBT |
USD $ 1.056 Billion |
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No. of Countries |
42 (at end of 2007 fiscal year) |
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Key Markets |
US, Canada, UK, China |
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Key Formats |
Coffee shops |
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Source: Planet Retail Ltd. - www.planetretail.net
The king of coffee is back. Howard Shultz, the man largely credited for making coffee hip, regained his position as CEO of Starbucks on January 8 and prompted the resignation of incumbent CEO Jim Donald. The move comes at a critical time for the coffee house giant, which is aiming to turn around its slowing US-based business.
Schultz took over as Starbucks’ chairman and chief executive in June 2000 but later divided leadership duties between himself and Donald, with Donald serving as CEO and Shultz assuming the role of chairman. In returning to the position that made him and the Starbucks brand famous, Shultz is now charged with reassuring investors that the company is still exciting and innovative.
Under Shultz’s leadership, Starbucks expanded aggressively across the US and the world. He believed getting a good cup of coffee was only one part of the equation: consumers also wanted to be a part of the “Starbucks’ experience.” Starbucks’ warm interiors, hip music and cosy vibe are found in all of its stores, with formats changing only for specific countries such as Saudi Arabia.
Married with two children, Schultz lives in Seattle, Starbucks’ home town. The city is also home to another of Schultz’s passions, the Seattle Supersonics, which he bought in 2001 as part of the Basketball Group of Seattle. Although he has since sold the team, Shultz remains a loyal sports nut.
that prompted his return to the company. Under Shultz’s management once again, Starbucks will likely look to get closer to its customers and find innovative ways to improve their enjoyment of the brand.
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Industry Affairs News |
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Supply Chain and Technology
GMA IS/LD Conference Stresses Manufacturer-
Retailer Partnerships
For post-conference materials contact Alexis Larkin.
Sales and Sales Promotion
Save the
Date: Joint Industry Unsaleables Conference, September 22-23
Annual Study to Explore Costs, Root Causes Linked to Unsaleables The GMA/FMI Joint Industry Unsaleables Leadership Team and Deloitte Consulting LLP will complete the data collection phase of its annual unsaleables survey at the end of March. The survey analyzes costs, root causes and industry best practices associated with unsaleable products, and provides the foundation for an annual report on improving management practices. If your company isn’t already involved in the study, don’t miss the opportunity to participate: contact GMA’s Troy Beeler for more information.
Industry Performance
Product Safety,
Innovation Underscored for Industry Analysts at CAGNY
Other key goals issues/goals shared at CAGNY included tapping into markets in developing nations, particularly BRICs countries; the ethanol debate and rising energy and commodities costs; and the reevaluation of pricing for both competitive advantage and cash generation. Also on the horizon: new tax and accounting standards and a pending fight in Washington to gain relief on taxes and SEC regulation. Contact: Stephen Sibert or Brooke Weizmann
Environmental Sustainability
Environmental Sustainability Resource Guide Goes Online this Spring GMA is introducing a virtual version of its popular Environmental Sustainability Resource Guide, which will allow visitors to search for-profit and not-for-profit companies actively engaged in sustainability initiatives within the CPG and retail industries. The new online format will also allow users to access case studies and other educational materials from featured industry partners. The guide will be posted on the GMA Environmental Sustainability Summit website in late spring. For information about being listed in the guide, contact Jonathan Downey.
GMA’s Industry Affairs Review has teamed up with consumer research firm NPD Group to provide readers with a monthly snapshot of consumer trends and eating patterns. Check out the latest research in this space each month.
Despite recent food safety incidents, Americans believe their food supply to be safe.
“Overall, I
feel foods sold in supermarkets/restaurants are safe.”
Percent of Adults
Agreeing with Statement
Source: The NPD Group - www. npd.com Based on 1 year ending February 2007
Americans have shown steady confidence in the nation’s food supply over the past five years, with a majority agreeing that food sold in supermarkets/restaurants is safe. Contact: Troy Beeler
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Industry Affairs Review is produced in partnership between GMA/FPA and Planet Retail. Current issues of IAR may also be found on at www.gmabrands.com/publications/index.cfm. If you wish to unsubscribe, please click here, or write to tbeeler@gmabrands.com.
@ Copyright 2007 by GMA, 1350 I Street N.W. #300, Washington, D.C. 20005. All rights reserved. Some content and copyright for specific information are provided and owned by Planet Retail, a leading provider of grocery retail intelligence— www.planetretail.net.
GMA enables its member companies to address the public policy, scientific affairs, product safety and industry issues that impact their ability to create value with and for their customers by advancing their brands and products in a fashion that responsibly improves the quality of consumer lives. |
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