Retail is Dying. But You Already Knew That.

From the LA Times, and titled “In the Age of Internet Shopping, Even Big Retailers Are Closing Stores At American Malls”,  this article really won’t surprise anyone.  As someone who does more than 50% of his non-food shopping online, mostly through Amazon, the trend is definitely not going away soon for me and certainly not Read More…

The Wealthy Don’t Need Free Desserts

Working in retail, I encounter people who lie to get freebies all the time.  “I left my coupon at home.”  “The item wasn’t put in my bag.”  “I didn’t know the sale ended, can’t you make an exception for me?” and so on.  I tell myself that they are short on money, perhaps barely getting 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…