Archive for the 'Kroger' Category

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

Report: Retail Sales Up, But Margins Drop

Even though we are in a global recession, the largest retailers in the world still found a way to increase sales by 5.5% in the 2008 fiscal year, which ended in June, according to a Deliotte Touche Tohmatsu report.

But at the same time, profitability fell from 3.7% to 2.4%, the report says. And of that 30 of the largest retailers operated at a loss during the period.
Continue reading ‘Report: Retail Sales Up, But Margins Drop’

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.

Retailers Line Up For Rebate Checks

So it’s really starting now. Sears, Kroger and others are vying for the rebate checks the government will issue consumers next month as part of a $168 billion economic stimulus plan to get the economy back on track.

The Kroger plan would allow customers to exchange their rebate checks for gift cards valued higher than the government-issued money. A $300 check would turn into a $330 gift card, $600 would bring in $660 and $1,200 gets the shopper $1,320.
Continue reading ‘Retailers Line Up For Rebate Checks’

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September 2021

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