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Convenience Stores

  • Energy and Operational Efficiencies Retailers May Be Missing Out On

    Excess energy consumption in retail can exceed 30%, which means there is a huge opportunity for savings that many retailers s have not yet fully explored.

    Retailers spend nearly $20 billion annually on energy expenses, according to the U.S. Environmental Protection Agency. By saving just 15% from optimizing operations and eliminating waste, we can save $3 billion as an industry.

  • Veteran grocery merchandiser joins Meijer

    Meijer is adding a new senior leader to its merchandising organization with more than 30 years of grocery experience.

    Meijer has named Tod Pepin as the retailer’s senior VP of Foods.

  • Tech Bytes: Three Reasons Amazon is Everyone’s Competitor

    Think quick – who are your top competitors? No matter what product category or channels you operate in, if your list of top two or three rivals doesn’t include Amazon.com, it probably needs updating.

    Staples CIO Tom Conophy has publicly identified Amazon as a prime competitor, and Walmart has launched a clear strategy of trying to one-up Amazon innovations like Prime Day and delivery drones. But even if you’re not a major big-box chain, Amazon still most likely represents a critical threat to your market share. Here are three reasons why.

  • The democratization of technology

    Merriam Webster defines democratize as “to make (something) available to all people.” We are
    witnessing the democratization of technology as technology providers are able to put
    increasingly powerful solutions in the cloud, making industry-leading capabilities available to
    even the smallest retailers.

  • U.S. leads the world in retail shrink

    Dishonest employees and shoplifters pushed shrink rates to record levels and earned the United States the distinction of leading the world in the least desirable of retail metrics.

    According to retailers surveyed for the Global Retail Theft Barometer, shrink rose in the U.S. from 1.28% of sales in 2013-2014 to 1.97% during 2014-2015. Globally, this compares to 1.42% , a figure also up from the previous .94% average of all common retailers surveyed the previous year.

  • Credit Suisse: Walgreens, Rite Aid deal doable with fewer than 1,000 store divestitures

    The Walgreens Boots Alliance/Rite Aid deal can pass Federal Trade Commission scrutiny with as little as 170 retail store divestitures, according to a proprietary analysis conducted by Credit Suisse, but the company will more likely be required to sell off some 950 stores.

  • Innovative Ways to Overcome Holiday Workplace Liabilities With Contractors and Temp Employees

    For a variety of retailers – from supermarkets, to restaurants, to department and convenience stores – the holiday shopping season represents the peak time of year for staffing up on temporary workers to help meet all of the increase in consumer demand. However, the need to staff up may be even greater this year as some companies have already been operating with limited capacity given the nation-wide labor shortage.

  • What every retailer needs to know about holiday hiring

    For a variety of retailers – from supermarkets, to restaurants, to department and convenience stores – the holiday shopping season represents the peak time of year for staffing up on temporary workers to help meet all of the increase in consumer demand.

  • Walgreens, Rite Aid deal doable with fewer than 1,000 store divestitures

    The Walgreens Boots Alliance/Rite Aid deal can pass Federal Trade Commission scrutiny with as little as 170 retail store divestitures, according to a proprietary analysis conducted by Credit Suisse, but the company will more likely be required to sell off some 950 stores.

  • Report: Walgreens may have to shutter 3,000 doors after merger complete

    Walgreens may have to shutter as many as 3,000 stores in its bid to buy Rite Aid, or 65% of Rite Aid's store base, according to one real estate analyst in a Fortune story published Thursday, including 1,000 locations Walgreens is willing to jettison as part of any FTC negotiation and another 2,000 locations after the merger is complete.

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