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 Companies
Company info or experiences
CVS Health Kicks Smoking Habit And Still Has Record Sales
So if you were wondering how CVS did after they stopped selling cigarettes, which was as much as 10% of front store sales in some areas, the answer is…very well, thank you. CVS said net revenues increased 12.9% to a record $37.1 billion for the 4th quarter despite the approximately $500 million lost in Read More…
Thinking Outside The Box
Here’s some retailers who literally thought “outside of the box” when they designed the buildings to sell their wares. Their building is literally shaped like what they sell: The Longaberger Company, sells handcrafted maple baskets. Twistee Treat Ice Cream. How could you drive past this? The Hood (In Boston, sells dairy products.) ) United Equipment Read More…
NY Attorney General Targets Supplements at Major Retailers
If you’ve bought herbal supplements in a store recently, the St. John’s Wort you think you were buying may have been Jon’s Wart instead. This involves GNC, Target, Wal-Mart and Walgreens but I’ll bet it’s going to lead to a lot more. There are a lot of sketchy companies packing herbal supplements and without FDA Read More…
More Great Names for Businesses
Here’s a follow up to yesterday’s post of racy business names, these are mostly PG although Kum And Go is on the list. Here’s my favorites: This company only will let you in if there’s been a murder. They are closed on Wednesdays. Only an idiot would eat here. I doubt anyone will be robbing Read More…
The Shack is Closing
Crap. Where am I going to refer the customers that come in for a weird size battery for their 20 year old alarm clock now? Not that you couldn’t see this coming. For a while. In recent years they have been known as one of the worst places to work and tried Read More…
Staples Pushes the Easy Button and Gobbles up Office Depot
After Office Depot merged with Office Max, you figured this was coming. Staples is buying Office Depot for $6.3 billion and will become the sole mass marketer for stationery/office supplies. Much like Best Buy for electronics, they’ll be the only game in town for a while but with a declining market and increased competition from Amazon, Read More…
The Last Follow Up On Dreiling
Just one more bit of news about our favorite ex-Longs/ex-Duane Reed/ex-Safeway guy. He will be working at least until the end of the year to help Dollar General fend off the new challenge of Family Dollar and Dollar Tree. An analyst said “the extension of Dollar General chief executive officer’s (Dreiling’s) term was a Read More…
Sunday Quiz: Who Has the Biggest Store?
A quick quiz for Sunday so you can get to the business of watching that football game that is played today… What is the world’s largest retail store? A) Debenhams, Mall of the Emirates, Dubai B) Macy’s Herald Square, New York, USA C) Shisegae Centumdity, Busan, South Korea D) Walmart Supercenter, Amritsar, India The answer Read More…
When Is A Discount Not A Discount?
An LA Times consumers affair writer named David Lazarus has written numerous articles about one of the major drug chains, mostly not flattering. Not sure if he used to work there, has a personal grudge or what, but he sure loves to write about them. This article is about how they offer a discount to Read More…