Archive for the 'CVS' Category

ICSC: Could be Better, Could be Worse

The retail real estate industry is far from its high-flying days of 2007 and before, but most executives we spoke with at ICSC’s RECon show weren’t about doom and gloom. Things are looking up…kind of.

“We’re seeing more demand for retail space,” said Scott Schroeder, vice president of marketing at Developers Diversified Realty. “It’s good. We’re not completely back, but we’re headed in the right direction.”
Continue reading ‘ICSC: Could be Better, Could be Worse’

Walmart Leads Fortune 500

Walmart is on top of the Fortune 500. The retailer regained the lead this year after falling into second place in 2009 behind Exxon Mobile. The retailer was on top in 2008.

Other retailers cracked the top 25 as well. CVS Caremark came in at 18th, grocer Kroger hit number 23, and Costco Wholesale rounded out the 25th spot.

Not too many surprises here. Or are there?

ALSO: Casey’s Goes to Bat for Overlooked Retail Niche

The Top 100 Retailers

Stores magazine just put out its list of top 100 retailers by revenue. Wal-Mart of course, is on top, followed by Kroger, Costco, Home Depot, Target, Walgreen, CVS, Lowe’s, Sears Holdings and Best Buy in descending order.

Though it’s by no means a new phenomenon, we still get blown away by Wal-Mart’s Shaq-like size. Its nearly $406 billion in revenue last year exceeds that of the next five retailers on the list COMBINED.

Wal-Mart is also making news for its support of employer-mandated health care, which is facing opposition from the National Retail Federation, which puts out Stores. We’re not going to weigh in on the health care debate (you readers are welcome to do that), but we admire that the NRF isn’t afraid to stand up to what must be one of its largest members.

A Giant CVS Is Getting Bigger

In one of the larger retail acquisitions we’ve seen for a while, CVS is buying Longs Drugs for $2.9 billion, adding over 500 stores to its 6,300-unit portfolio.

What intrigues us about the deal is that CVS is pulling the trigger to beef up its store base on the West Coast. What? There is an area of the country where CVS doesn’t already have a major presence?
Continue reading ‘A Giant CVS Is Getting Bigger’

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June 2020

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