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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 21, 2009

Page

15

Regional Pricing Strategies Shape 18 Month Retail Tactics

Retail pricing aims to reflect local markets with strategies varying by region. John Long notes that what works in Topeka differs from San Francisco and warns against a one size fits all approach. Wal Mart can vary prices by market and match local competitor ads. Sears discounts based on market demand.

Topeka Kansas San Francisco John Long Kurt Salmon Associates Wal-Mart Tara Raddahl Sears Holdings Corp

Airlines Slash Capacity as Industry Shrinks to Survive

Airlines cut capacity to match demand amid high fuel costs and a weak economy. UBS and Morningstar data show American down 10.4 percent, United 6.3 percent, Delta 3.9 percent in August, with Southwest planning about 6 percent cuts. Analysts expect further reductions after summer as profits fade.

Sky Morningstar Equity Basili Alakos UBS Kevin Crissey American Airlines United Delta Air Lines Southwest Airlines Jim Corridore Standard & Poor's

Agriprocessors assets set for sale to SHF Industries

Bankruptcy trustee Joe Sarachek values the Agriprocessors assets at about 25 million dollars with SHF Industries to acquire the meatpacking operation and all trademarks. The sale was delayed by a technicality but is moving forward. SHF must disclose ties to Agriprocessors or Rubashkin and implement immigration compliance measures. Local Pride plant in Gordon, Nebraska remains separate. Prosecutors filed criminal charges against Aaron Rubashkin, Sholom Rubashkin, former managers, and the company over the May 2008 raid. several have pleaded not guilty while two former managers pleaded guilty to hiring illegal workers. City officials express cautious optimism and seek active engagement with SHF Industries after the sale.

Agriprocessor Sholom Rubashkin Postville Nevel Properties SHF Industries Agriprocessors Rubashkin Hirsch Pride Meatpacking Gordon Neb Aaron Rubashkin Sholom Darcy Radloff Radloff

Interest rate spread Leads June Gains on Wall Street

Analysts expect modest Q4 growth after GDP slump. The Dow rose about 50 points as CIT Group avoided bankruptcy and seven of the Conference Board index's 10 indicators advanced in June. Housing improvement and job readings provided optimism amid a 9.5 percent unemployment rate and seven-month high housing starts.

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