The second quarter results are in, and despite a bump from Easter moving into 2nd quarter this year, CVS still showed a 2.1% drop in front store sales. Prescription volumes were flat, and the retail segment of CVS showed a 2.2% drop in revenue over the same quarter last year. And Read More…
Category: Retail Companies
Company info or experiences
Amazon is buying Whole Foods Market in 13.7-billion deal
At one point there was Henry’s Market, and they were bought by Whole Foods. Then Whole Foods sold them to Sprouts, and Henry’s was gone and they were all converted to Sprouts. Now Whole Foods has been gobbled up by the biggest of them all, Amazon. I’m guessing they will lose the nickname Read More…
“Alexa, please order my blood pressure medication.”
Someday in the future this day may be looked back upon as the death of the drug store industry, as Amazon looks like they may be entering the pharmacy business. The big challenge for them would be securing insurance contracts to make sure all customers can buy from them, but if they get that Read More…
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…
Warren Buffett just dropped Walmart and signaled the death of retail as we know it
So this is pretty much sums it up…one of the most well-known investors has sold off nearly $1 billion in Walmart stock and moved his money into airlines, thus validating what we already know–that the brick and mortar retail industry is in decline. Despite the stock market being at an all-time high, Walmart stock is Read More…
A Woman Was Fired After She Had a Violent Allergic Reaction at Work
One of the things I always believed in as a manager was to have compassion for your employees and give them the benefit of the doubt on sick calls and personal problems, as long as they don’t become excessive. This lady’s employer, however, apparently did not share my beliefs. I am not only Read More…
These Corporations Prove You Can Be Successful And Also Pay Your Employees A Living Wage
This article from Guff shows that it is in fact possible to take care of your employees and pay them well, and in fact the companies at the top of this list (bottom of the article) are all doing VERY well, thank you. And while I can’t speak for Zappos, I can tell you Read More…