5 Partnerships That Could Transform Your Local Walgreens
No doubt that Walgreens Boots Alliance—which owns the U.S.-based Walgreens and the UK-based Boots pharmacies—has seen recent challenges. Stefano Pessina, Walgreens’ executive vice chairman, CEO and largest individual shareholder, said Q2 was “the most difficult quarter we have had since the formation of Walgreens Boots Alliance.” He identified “market challenges and macro trends” as the […]
Food Retailers: Know This Before Investing in a Grocerant
Competition continues to eat away at grocers. With the dawn of the new European discounters, online shopping, meal kit delivery and a general disdain for eating at home, there’s a lot to content with. Small wonder grocers’ market share is down 15% over the last decade. Phil Lempert, the self-styled Supermarket Guru, says the key […]
4 Cutting-Edge Technologies to Curb C-Store Theft
C-stores have unique challenges that make them ripe for crime. Products are easily accessible. Footprints are small. Many stores have a handful of employees. And many operate around the clock. It’s no wonder, then, that c-stores are popular targets of grab and go or armed robberies. And that doesn’t even take into account casual shoplifting, […]
Retailers: Use Negative Yelp Reviews to Your Advantage in 5 Steps
A century ago, P.T. Barnum declared, “there’s no such thing as bad publicity.” In today’s highly charged and highly connected world, dealing with a negative review requires the precision of a high-wire act. One negative review can result in 30 lost customers or provide information to improve the overall business. Many retailers will stop at […]
The High Cost of Grocery Store Shrink, and What to do About It
Shrinkage in retail comes in many forms; thefts, markdowns, and human error all eat into profits. Grocers, however, put out a full-scale buffet, when the perishability of products is taken into account. Historically, grocers have some of the lowest margins at 2.5%. Those low margins are colliding head-on with a massive shift in consumer taste […]
