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3 weeks ago | 
cincinnati.com | Alexander Coolidge
Procter & Gamble announced a plan to cut 7,000 office jobs and sell off parts of its business over two years. P&G's organic sales growth is projected to be 2% – its worst performance in at least seven years. The job cuts will primarily affect nonmanufacturing roles and represent 6.5% of the total workforce.
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3 weeks ago | 
usatoday.com | Alexander Coolidge
Citing "volatility" and "uncertainty" that have slowed sales growth, Procter & Gamble announced June 5 a two-year plan to slash 7,000 office jobs and to sell off parts of its business, including possibly some consumer brands. The company, which makes Tide laundry detergent, Gillette razors and Pampers diapers, offered a bare outline of the plan at an investor conference in Paris but promised more details later this summer. Here's what we know:
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3 weeks ago | 
yahoo.com | Cameron Knight |Alexander Coolidge
Procter & Gamble is planning to eliminate up to 7,000 non-manufacturing jobs in the next two years, the Cincinnati-based company announced on Thursday during an investment conference in Paris and in a June 5 blog. The plan, which begins in July with the new fiscal year, includes unspecified and unidentified brand divestitures, executives told investors, promising more details this summer. "We will begin a 2-year noncore restructuring program ... The portfolio choices include exits of brands ...
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3 weeks ago | 
usatoday.com | Alexander Coolidge
Kroger paid former CEO Rodney McMullen $15.4 million in 2024 – the final year before his abrupt March 3 resignation in the wake of a company ethics investigation. The amount was a slight decrease from his previous year’s pay, according to a corporate filing with the U.S. Securities and Exchange Commission.
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3 weeks ago | 
aol.com | Alexander Coolidge
Will Kroger’s next CEO be a woman? An insider or someone new? An internet wiz or someone all about stores? Nearly three months after the abrupt departure of CEO Rodney McMullen, the Cincinnati-based supermarket giant hasn’t offered any new information on its search for a successor. Interim CEO Ron Sargent, 69, a Kroger board member and former Staples CEO, told Wall Street analysts the retailer would conduct a national search, but would also consider internal candidates.
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1 month ago | 
cincinnati.com | Alexander Coolidge
Kroger is searching for a new CEO after the abrupt departure of Rodney McMullen. Interim CEO Ron Sargent said Kroger will conduct a national search and consider internal candidates. Kroger’s past CEOs and those of rival companies typically have operations experience. Will Kroger’s next CEO be a woman? An insider or someone new? An internet wiz or someone all about stores?
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1 month ago | 
cincinnati.com | Alexander Coolidge
Millions of Kroger shoppers swipe or enter their loyalty card at the checkout every day, allowing the retailer to tabulate their buying habits and pitch discounts tailored from their shopping profile. But sometimes those profiles are wrong, according to Consumer Reports. In a report, the consumer advocate examined the implications from errors found in an Oregon shopper who got a copy of his Kroger profile using a .
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1 month ago | 
eu.dispatch.com | Alexander Coolidge
Millions of Kroger shoppers swipe or enter their loyalty card at the checkout every day, allowing the retailer to tabulate their buying habits and pitch discounts tailored from their shopping profile. But sometimes those profiles are wrong, according to Consumer Reports. In a report, the consumer advocate examined the implications from errors found in an Oregon shopper who got a copy of his Kroger profile using a .
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1 month ago | 
cincinnati.com | Alexander Coolidge
EU Ambassador Jovita Neliupšienė visited Ohio to discuss trade and the war in Ukraine. Neliupšienė argued that the US-EU trade relationship is balanced when services are considered. She warned against tariffs and emphasized the importance of a strong stance against Russia. Looking to improve business ties and check Russian aggression, the European Union’s ambassador to the United States visited Ohio on May 20.
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1 month ago | 
usatoday.com | Alexander Coolidge
Hobbyist turned small businessman Len Kaltman, who makes custom pens for businesses, got an unexpected order this spring: the U.S. State Department on behalf of Vice President JD Vance. Kaltman, who started his business Buckeye Pens & Gifts nearly 20 years ago after becoming obsessed with ‚Äúpen-turning,‚ÄĚ had sold his product to plenty of company vice presidents ‚Äď just none in the White House. ‚ÄúAt first, I thought it might be a joke,‚ÄĚ said Kaltman, who lives in suburban Cincinnati.
