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- Top 10 Broadcast Media Websites - November 2008
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Walgreen
Walgreens December Sales Increase
Walgreens December sales of $6.1 billion were an increase of 10.8% from $5.5 billion for the same month in 2007, the company announced. Sales in comparable stores (those open at least a year) rose 4.9%, while comparable store front-end sales increased 0.4%.
Walgreens transactions in comparable stores increased 0.7% in December.
December pharmacy sales increased 13.5%, while comparable pharmacy...
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Wal-Mart Only Retail Winner in Bleak Christmas Shopping Season
Wal-Mart is the only real retail winner during the 2008 holiday shopping season, which is presaging more retail bankruptcies in the year ahead, according to C. Britt Beemer, CEO of America’s Research Group (ARG), who issued his 2008 “Winners and Losers” list of retailers.
The “Winners and Losers” (complete list below) are determined by how well they did in retaining Christmas customers from...
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Walgreens Appoints Three to Senior Management
Walgreens yesterday (Monday) announced three new members of its senior management team: Bryan Pugh, Colin F. Watts, and Jeffrey J. Zavada.
Pugh joins Walgreens as vice-president of format development, focusing on affordable and essential merchandise, including staples such as food items, paper products, and other consumables.
Watts joins Walgreens as a vice-president and president of Walgreens...
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Walgreens Profit Down, to Cut Store Openings
Walgreen Co., reporting a 10.4% drop in profit during its fiscal first quarter (ended Nov. 30), will postpone opening new stores, the retail drugstore chain said Monday.
Net income fell to $408 million, or 41 cents a share (diluted), from $456 million, or 46 cents a share (diluted), a year earlier. Sales were up 6.6%, to a record $14.9 billion, with comparable-store sales up 1.7%.
Prescription...
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Rite Aid Q3 Loss Widens, Cuts Forecasts
Rite Aid Corporation posted its sixth straight quarterly loss and expects a bigger loss for the year than previously anticipated.
Its fiscal third-quarter (ended Nov. 29) loss totaled $243.1 million, or 30 cents a share, compared with $84.8 million, or 12 cents, a year earlier.
Revenue decreased to $6.47 billion from $6.5 billion—a decrease of 0.5%, primarily as a result of closing 229 stores...
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Online Retailers Countenance Facebook
Online retailers tend to prefer Facebook over other social-media sites, according to an eMarketer report that cites a study from Internet Retailer and Vovici, which found that 32% of responding businesses have a Facebook page (via AllFacebook.com).
Social-media sites on which US Online retailers have a page, as of Sept. ‘08, according to the IR/Vovici study:
Facebook, 32% MySpace, 27% YouTube,...Continue Reading »
Walgreens Pushes In-Store Clinic, Acquires Specialty Pharmacy
Unlike most retail outlets for pharmaceutical products, volumes of which were down 1.9% in Q3, Walgreens filled more prescriptions in the quarter, with sales volume up 0.6% and comparable sales up 2.8%.
Those figures were a strong boost to total earnings, since 66% of the company’s sales revenue is from prescriptions.
Now the drugstore is moving its focus to its in-store health clinic, Take...
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Walgreens Begins Selling Over-the-Counter Paternity Tests
Walgreens is selling over-the-counter paternity kits in 4,875 stores - about one-third of the total retail locations where it is available, Identigene, the company that makes the kits, announced.
Over 60,000 units of the Identigene DNA Paternity Test kits have been sold since they were first offered in a retail storefront in Nov. ‘07. Walgreens will sell them in the family planning or home...
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Chapter Closed on CVS-Longs Acquisition
The $2.7 billion buyout offer that CVS Caremark extended to Longs Drugs on Aug. 12 has been deemed “successful,” as the owners of 27.7 million shares - or 76.5% of Longs stock - voted in favor of the offer, Forbes.com reports.
The deal needed two-thirds majority approval from Longs shareholders, which it got when its largest shareholder, Advisory Research, tendered its 3.3 million shares (9.2%...
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‘Captive’ Brands Rule the Shelves
“Captive” brands - those manufactured by a third-party and sold exclusively as mass market retailers like Wal-Mart, CVS, and Walgreens - are giving major labels a run for their money, writes BrandWeek.
For instance, the bioInfusion line of haircare - formulated, produced, and sold by Walgreens - has become a major competitor to Procter & Gamble’s Pantene in just three years.
Sales from private...
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