Walgreens (WAG), the drug superstore chain that has found renewed competition with mass retailers Walmart (WMT) and Target (TGT), will enter the fresh food and prepared meal market in some of its stores. The reason: Walgreens wants to cater to "time starved" shoppers. This must be the type of shopper who doesn't want to slog through acres of a big-box store only to stand in a checkout line for 10 minutes, right?Walgreen to Sell Fresh Foods and Prepared Meals
Walgreens (WAG), the drug superstore chain that has found renewed competition with mass retailers Walmart (WMT) and Target (TGT), will enter the fresh food and prepared meal market in some of its stores. The reason: Walgreens wants to cater to "time starved" shoppers. This must be the type of shopper who doesn't want to slog through acres of a big-box store only to stand in a checkout line for 10 minutes, right?Continue reading Walgreen to Sell Fresh Foods and Prepared Meals
Consumer Credit Falls for the 11th Straight Month
Investors and traders are in a quandary, trying to figure out if the economy is, indeed, improving.
One measure of growth is consumer spending. Consumer spending accounts for 70% of GDP, and it is the engine that has kept the economy growing over the past decade.
Well, consumer credit has fallen for eleven straight months. The recession has taken a harsh toll on the consumer. We have about 17 million people out of work. These persons certainly are spending only for basic necessities.
Continue reading Consumer Credit Falls for the 11th Straight Month
Road Warrior: 'On the Road Again, Just Can't Wait to Get on the Road Again'
As I sit in the Istanbul Airport watching the snow fall outside, I'm reminded of the song by the great Willie Nelson. Some of the best memories of my childhood include singing that song with my father, as we traveled on holiday from campsite to campsite. Today, those words have a much different meaning.
I just drained the last few electrons of my BlackBerry's battery, as I told my family the bad news. My flight has been canceled, and it will be another day before I get home, and another weekend lost in the air.
Continue reading Road Warrior: 'On the Road Again, Just Can't Wait to Get on the Road Again'
Ford Tells Hybrid Customers to Get Software Upgrade for Braking Issues
Now that Toyota Motor Company (TM) is embroiled in a sea of bad publicity and severe trust problems around the world, Ford Motor Company (F) has now announced that a "software upgrade" to owners of recent Ford Fusion Hybrid vehicle owners is needed to fix "strange feelings" in the brakes of those cars.
So, what is it with all these higher-tech vehicles having so many odd braking problems? Good question -- and now that the similar issues from Toyota and Ford are now public, how many other cars will need a reboot to fix problems? Although Toyota's CEO has now publicly apologized for that automaker's numerous issues, will Ford do the same? Is this the new order of the day: transparency and apology from automakers in lieu of recalls?
Continue reading Ford Tells Hybrid Customers to Get Software Upgrade for Braking Issues
JockStocks: Super Bowl Commercials, a Preview
Who's ready for some football? The Super Bowl is this weekend, and you know what that means -- commercials that we will all be talking about on Monday morning. In fact, we all know someone who says they watch the game for the commercials.
CBS announced earlier this week that it sold out all the in-game spots, but a few pre- and post-game spots remained. How much money did this make for CBS (CBS)? Roughly $200 million, and that is a low-end estimate. We all know why advertisers flock to the Super Bowl, as more than 98.7 million viewers tuned in last year. No matter who is in the Super Bowl, people watch the game and the commercials -- and eventually they may buy the products from the ads.
Continue reading JockStocks: Super Bowl Commercials, a Preview
Some Minor Changes Are Made in Reporting Credit Card Costs
Congress is patting itself on the bank for making a few minor changes in credit card costs, including:
- Starting in February, card statements will include the amount of interest and fees paid for the year to date.
- The statement will include the size of monthly payments needed to become debt free in 36 month.
- Card companies will give cardholders 45 days before changing the interest rate.
Why are these such minor changes? First, according to Kapner writing for Financial Times, the average American household has $10,000 in credit card debt. At a rate of 18%, it would take 48 years to become debt free by just paying the minimum each month.
Continue reading Some Minor Changes Are Made in Reporting Credit Card Costs
Is the Free Ride Over at Hulu?
Ahhh, Hulu. That wonderful destination where I can re-acquaint myself with my favorite Justin-Timberlake-on-SNL moments, catch up on episodes of Greek, and search for those old Silver Spoons clips I remember so fondly. The two-year-old website is a joint venture between Walt Disney's (DIS) ABC Network, General Electric's (GE) NBC Universal division, and News Corp.'s (NWS) FOX Entertainment Group, and is partially funded by Providence Equity Partners.
But just as online news readers may soon be charged to access The New York Times online, we may have to open our wallets for certain corners of the Hulu universe (they will likely still let me watch Silver Spoons for free).
Apple's IPad Underwhelming for Consumers, but Not Educators
While the entire world was wrapped up in the hype of the Apple (AAPL) iPad launch Wednesday, many tech enthusiasts, bloggers and uber-geeks -- the kind who hang on anything Steve Jobs belches out -- came away mostly underwhelmed and disappointed.
Apple, after knocking the middle ground between laptop and smartphone, unveiled a product that, well doesn't really have any of the best qualities of both. So, the iPad may go down as one of the biggest launch letdowns in Apple's recent history. It's already being called a larger iPod touch with an e-book reader attached. Not flattering, Apple.
Continue reading Apple's IPad Underwhelming for Consumers, but Not Educators
Rumored Apple Tablet Is Wowing Them Again
Tomorrow we are not going to see people landing on Mars, or North and South Korea unite, or the end of poverty and disease. However, the long awaited Apple (AAPL) tablet computer will be unveiled and from all the excitement it has generated it might even be bigger news than that.It seems everyone is anticipating that Apple's latest device will have the ability to balance the federal budget and eliminate the deficit. After all the hype anything less may disappoint.
Existing Home Sales Plunge 17% in December
Sales of existing homes plunged 17% in December, the sharpest drop since records began in 1968. The sales pace fell to 5.45 million annual rate from 6.54 pace the previous month.
Part of the reason for the drop was attributed to the termination of the first $8,000 tax credit for first time buyers. That kept buyers away from the market. Since then Congress has extended the tax credit. Realtors expect a pick up in sales going into the Spring season.
Entrepreneur's Journal: Setting Up a Customer Advisory Board That Gets Results
Maxine Clark has had a stellar career in retail. She spent 19 years at May Department Store and eventually became the president of Payless Shoe Source. Then in 1997, she started an innovative retail concept, Build-A-Bear Workshop (BBW). The store allows kids to build their own dolls.
While the business has suffered recently because of the recession, Build-A-Bear Workshop is nonetheless a major success story. There are now more than 400 locations across the world. There is even a virtual world, called buildabearville.com.
Continue reading Entrepreneur's Journal: Setting Up a Customer Advisory Board That Gets Results
Sprint Nextel Tops Business Use Satisfaction Survey: Now, on to Capitalizing on It
While Sprint Nextel (S) continues to leach wireless customers to the larger competitors, it is propping itself up by taking the lead in prepaid wireless), and by recently winning the top spot in business customer satisfaction for both wireless voice and wireless data services from a survey of large business decision makers.
Why isn't that success translating into more contract wireless customers in the consumer sector?
Continue reading Sprint Nextel Tops Business Use Satisfaction Survey: Now, on to Capitalizing on It
It's Official: Your Online New York Times Will Come at a Price
On Monday, Tom Johansmeyer indicated that a for-pay model for the online version of The New York Times was imminent. Indeed, a press release from The New York Times Company (NYT) hit the wires Wednesday morning, revealing that a paid version of NYTimes.com would launch at the beginning of 2011 -- that's next year. So "All the News That's Fit to Print" will be available to Web browsers at a cost.
But the only folks that will have to open their wallets are those who leaf through lots of Times articles. The casual news browser will have free access to a specified number of articles each month before being charged. Subscribers who pay for home delivery of the traditional paper will have free and unlimited access to the site.
Continue reading It's Official: Your Online New York Times Will Come at a Price
Verizon and AT&T in Wireless Plan Pricing War
As soon as Verizon Wireless (VZ) cut prices on its wireless calling plans last week, smaller competitor AT&T (T) did the same. Or, should we say, Verizon and AT&T simply rearranged pricing plans to grab psychological mind share more than anything.
As voice becomes something used less every year (while data use skyrockets), charging less for voice calls and more for data features is simply moving things around. Looks better for the customer, but makes little to any difference in revenue for the wireless carrier.
Continue reading Verizon and AT&T in Wireless Plan Pricing War
Cookie Dough Shortage in Our Future?
Remember the Eggo waffle shortage in November that had everyone up in arms? Well, we could all be facing a similar crisis soon with a treat that's even more sinful: cookie dough.
Now, we all know we are supposed to cut and bake that tube of raw cookie dough, but how many of us haven't opted, instead, to grab a spoon and dig in? It's not the healthiest practice to begin with, for sure, but it becomes a bit more dodgy if harmful bacteria is involved.

