Grab some milk, see your doc
Posted on November 18, 2009 at 7:42 amGrowth in the retail health clinic market slowed in 2008 and dipped to a negative 5 percent in the first five months of 2009, according to a new report by the Deloitte Center for Health Solutions.
Locally based company The Little Clinic, which operates clinics in Kroger grocery stores, now has 9 percent market share and 103 clinics, according to the report — making it the third-largest industry player behind mammoths MinuteClinic (owned by CVS) and Take Care (owned by Walgreen’s).
Despite the current setback, Deloitte expects the once-booming industry will experience a second wave of growth between 2010 and 2014.
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Another sign the Southeast consumer is hurtin’
Posted on November 2, 2009 at 12:22 pm
Grocery chain Publix, which runs 1,000 stores around the region, earned $255 million during the third quarter, up from $202 million a year ago. But same-store sales fell 4.7 percent versus a drop of ‘just’ 2.7 percent in the first half of this year.
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Publix trimming SKUs
Posted on September 1, 2009 at 7:20 am
Publix CEO Ed Crenshaw says his team will continue to selectively take off their shelves items that aren’t selling enough.
“A store manager recently told me that the No. 1 complaint from customers isn’t high prices or lack of front-end service, it’s discontinued items. We know we’ll upset customers when we discontinue, so we don’t do this lightly. We put a lot of thought into assortment correction.”
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First Tennessee checks out of some stores
Posted on May 7, 2009 at 3:40 pmThe largest bank headquartered in Tennessee is saying goodbye to a number of its Memphis-area supermarket locations.
HT: The Bank Draft
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Publix profits down 6%
Posted on May 1, 2009 at 11:33 amThe regional supermarket chain reported a 2.8 percent drop in first-quarter same-store sales and saw profits fall 6.3 percent.
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Bank of Nashville now in Publix ATM network
Posted on April 28, 2009 at 12:39 amThe bank’s parent, Synovus Financial, recently joined Publix’s extensive list of Presto! members.
Customers of banks affiliated with Synovus can now access more than 1,000 ATMs, free of charge, across Georgia, Alabama, South Carolina, Florida and Tennessee. Presto! is owned by the Publix grocery store chain, which has a geographic footprint consistent with locations of Synovus banks.
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Why Publix is winning
Posted on April 23, 2009 at 7:35 amThe Wall Street Journal profiles the growth of the supermarket chain during the recession.
Publix has started programs to suggest meal plans to help customers stay within a budget. It also has avoided cutting back staff — which has resulted in faster service times than other grocery stores at the bakery, deli and checkout, key factors to customer satisfaction.
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Bi-Lo bankrupt
Posted on March 23, 2009 at 6:08 pmIn filing for Chapter 11, the grocer, which exited the Nashville market a few years ago, blames the tight credit market for its troubles.
“On an operational level, we are making significant progress this year and we have seen solid sales momentum and strong cash flow,” said Michael Byars, President and Chief Executive Officer of BI-LO. “Our strong operations and liquidity position continue to demonstrate the strength of our business model, and the company has continuously satisfied all of its obligations to date, under the term loan and otherwise.”
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Relief on your grocery bill
Posted on February 12, 2009 at 5:57 pm
The Journal’s MarketBeat column reports on the prospect of deflation in consumer goods as supermarkets hold off on ordering new shipments.
Tuesday, Citigroup warned of a “Modern Day Price War” when it cut ratings on Kroger and Safeway. The war would be driven by regional supermarket operators and retailers in general getting aggressive with price cuts to take market share, and possibly by Wal-Mart’s new-found flexibility on price through increased sales of goods with its “private label,” or own brand.
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Wine and cheese
Posted on January 12, 2009 at 11:02 amLiquor store owners see job losses in store if the legislature allows wine to be sold in grocery stores:
Liquor store owner Chip Christianson is certain that allowing the sale of wine in grocery stores will lead to job losses.
“I can absolutely guarantee you we will lose employees; there will be a net loss of employment if this bill passes. Citizens didn’t start this movement. Very high paid [public relations] firms by large grocery chains started this movement,” Christianson said.
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