PG’s Annual Report reveals top in-store drivers By Bridget Goldschmidt // Stagnito Business Information Is fresh overrated? Well, no. Although nonperishable products have definitely gained traction as part of a distinctive in-store experience, to differentiate themselves meaningfully, grocers must still primarily think fresh. In rating the most successful departments, 67.1 percent of respondents to…
Nathan Bomey , USA TODAY Three years after abolishing tobacco sales, the nation’s largest drugstore chain is reducing space devoted to junk food and general merchandise. CVS Health plans to accelerate a store renovation project, devoting more floor space to nutritious food and health products. CVS executives said recently that they would implement the new format at several hundred stores by…
Posted by Kristen Cloud // The Shelby Report A new study of Berkeley’s tax on sugary drinks, the first in the nation, suggests that it may be accomplishing its goals. The study was published Tuesday in PLOS Medicine by the Public Health Institute and the University of North Carolina. “Changes in prices, sales, consumer spending and…
Across the country many municipalities and states have passed laws raising the legal smoking age to 21. Raising the minimum age to 21 to purchase and/or use tobacco products is a promising strategy to reduce smoking and other tobacco use among youth. California and Hawaii have both passed laws prohibiting the sale of tobacco to…
Posted by Terrie // The Shelby Report Supervalu is acquiring California-based Unified Grocers in a transaction valued at approximately $375 million. Supervalu President and CEO Mark Gross said on a conference call Tuesday morning announcing the deal that the sale of Save-A-Lot late last year gave Supervalu the opportunity to pursue a business like Unified. He also noted that Supervalu intends…
By Jackson Lewis, Winsight // NACS Online “There’s no point only looking to the past to predict the future,” said Oliver Schlake, Ph.D. and clinical professor at the University of Maryland’s Robert H. Smith School of Business. In a fast-paced yet informative hour-long presentation on the second day of the NACS State of the Industry…
NACS Online U.S. convenience stores experienced record in-store sales of $233.0 billion in 2016—and the third straight year of $10 billion-plus in pretax profits—according to newly released NACS State of the Industry data, the convenience and fuel retailing industry’s premier benchmarks and key performance category insights. Industry Snapshot 2015 2016 % Change U.S. Store Count…
The narrow ruling said that lower courts could hear challenges on whether the New York law inhibits how retailers advertise prices NACS Online A New York law that prohibited retailers from informing customers that using a credit card costs more cannot violate the merchants’ free speech, the U.S. Supreme Court ruled on Wednesday, USA Today…
By Auday Arabo // MIRA President & CEO For over 40 years Michigan has had what is commonly referred to as the half mile rule. As you know, this rule, with a few exceptions, prohibits another store within a half mile of you from selling liquor if you already do. Is the half mile rule…
The Second Circuit’s ruling that the settlement did not sufficiently protect the interests of some merchants will stand BY NACS ONLINE Recently, the nation’s highest court declined to hear appeals from Visa, MasterCard and certain retailers to reinstate a $5.7 billion antitrust settlement over whether the card networks unfairly fixed interchange fees. The decision means…