Just a start, but yesterday it was announced that Rite-Aid was buying Envision RX, a pharmacy benefits manager for around $2 billion dollars. Nowhere near what CVS did when they bought Caremark for around $21 billion, but they’ve apparently noticed what it’s done for CVS’s profits and are jumping on board. Their stock jumped Read More…
Category: Retail Trends
Retail trends
3 More Days Left…
Guys and girls, tonight at 5 pm is the officially last time that you can break up with your significant other. Anything later than that is considered a break in protocol. The one consistent thing at every Valentines in retail is Conversation Hearts. Year after year after year, it is the #1 requested item. Read More…
Retail Sales (Then and Now)
Here’s a look at the top 10 retailers (by U.S. Sales dollars) in 2008 and last year. 8 of the 10 are the same although some have moved up or down. Some observations: –WalMart is still the king, although they have declined. –CVS has lost sales and Walgreens gained more sales. One up, one down. Read More…
Super Bowl, Super Spending
The big game is over (after what will probably be regarded as the worst call in the history of professional sports…) and retailers did well as usual: The 184 million viewers spent over $14 BILLION dollars, about $78.00 per person. How much did YOU contribute to that? That includes around 1.25 billion chicken wings. Our Read More…
More About The Dollar Stores/Dreiling
Here’s a brief video with more on the merger between Family Dollar and Dollar Tree. It says they rejected Dollar General’s offer because they were too big, but it might have been who was doing the offering… They also mention that CVS may be interested in purchasing some of the store locations. CVS hasn’t bought Read More…
Sadly, Rick Dreiling has to keep working
Those of you who worked for Longs will remember Rick Dreiling, who came aboard with Warren Bryant and promised the world but eventually helped get the company ready for sale to CVS. Last I heard, Warren was relaxing on the beach with his $23 million buyout although apparently he’s been collecting even more money Read More…
Another retailer bites the dust…
Not a brick and mortar retailer, but we’ve all heard of them and don’t lie, you’ve thought about buying something from them at some point in time. And personally, I’ve always wanted to make a phone call underwater. 10 Things You Won’t Be Able To Do Anymore If SkyMall Goes Away | Mental Floss.
Back From The Dead
A little over 5 years ago, Rite-Aid stock was trading at 22 cents and rumors were swirling that they would be bought out by the other major chains. They were always considered the doormats of the drug store industry. As Twain was purported to have said (but didn’t actually say), rumors of their death Read More…
Sounds great, but will it clean the breakroom?
Lowe’s/OSH is testing out a robot to replace clerks and provide customer service to their customers. Scary stuff! The future is here and it looks a lot like Wall-E. What do you think? What could possibly go wrong? https://www.youtube.com/watch?v=Sp9176vm7Co The whole scary story is here.
Soylent Green for real?
It’s hard to believe that a company would actually use Soylent as the name of their product, but perhaps they didn’t see the movie. Soylent aims to make its nutritious sludge much cheaper than $3 a meal. And in case you weren’t around in 1973…