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PepsiCo ‘pleased’ with Q2 performance
PURCHASE, N.Y. — PepsiCo reported net revenue of $16.8 billion for the second quarter of 2013, a 2% increase from $16.4 billion for the same quarter last year.
Structural changes, principally the refranchising of the company's beverage operations in Vietnam and China, negatively impacted reported net revenue performance by nearly 1% and foreign exchange translation had a 1.5% unfavorable impact in the quarter. Adjusted to exclude the impact of foreign currency translation and structural changes, revenue grew 4.2%.
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Report: Barneys to retire Co-op nameplate
New York -- Barneys New York is getting rid of it Co-op brand moniker.
In a Women's Wear Daily report, the upscale retailer said it will convert and rebrand its existing Co-op stores as Barneys. All the existing Co-op stores will be remerchandised and remodeled, the report said. The Co-op concept was developed as a lower-priced, entry-level brand for younger shoppers.