Belmont Pet Treat Biz Bets Big On Retail Shop Move
Kelly Grindstaff will move Kelly's K-9 Kitchen from home to a West First Street Lowell storefront next month, expanding from online sales and festival booths to a brick and mortar bakery offering gourmet dog treats like paw pops and parmesan wafers. The venture taps rising US pet spending, with category leaders and local shops shaping a growing market.
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Hospitals fear surge in uninsured after Supreme Court ruling
Hospitals worry more than 6.4 million people may drop health insurance if subsidies are deemed illegal. Stocks spiked then faded, with hospital shares holding gains. Wedbush analyst notes sentiment shift to fundamentals as funding concerns rise. uninsured patients may yield only a small fraction of bills. Major publicly traded health firms react to the decision.
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General Mills Plans Job Cuts Amid Slow Sales
General Mills will record pre tax costs of about 57 to 62 million for employee termination benefits as it trims staff to offset slower sales. The Minneapolis company posted a 1 percent rise in net sales last year and expects low single digit core growth this year. The restructuring aims to finish by early fiscal 2017 and generate 45 to 50 million in annual savings while facing competition from smaller, perceived as wholesome brands.
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