CVS: Poor Results, But They Exceeded Expectations

  Interesting news from CVS, as they reported a 16.9% decrease in net income but stated that their results “Exceeded their expectations.”  They continue to show drops in same-store sales (almost 5% year over year!!) and decreased revenue from their store business but most of it is being offset by an increase in their pharmacy Read More…

Amazon Finds Yet Another Way To Sell You Stuff

     Here goes Amazon with another entry into the grocery business.  After building a store where you don’t need cashiers or to go through a checkout,  they have now put the finishing touches on a store where you can just order online and pick up your groceries without leaving the air-conditioned comfort of your SUV. Read More…

Whole Foods Is In Trouble

It shouldn’t come as a huge surprise that Whole Foods is struggling these days.  Their first quarter results  show a continuing trend of dropping sales and reduced profitability which has been going on for a while now. Like every other grocery retailer, they face increased competition from online sources (Amazon) and the major markets like Kroger Read More…

Now Here’s A Store That’s FUN.

  Here’s a great story about Wegman’s, a regional grocery chain with only 92 stores but customers that are more loyal than to any other chain.  And if you read the article you’ll understand why–they cater to all demographics, make shopping there incredibly fun and interesting, and they even have live bands there on occasion! Read More…