Max-Wellness to open new Mini-Max store format
Cleveland — Max-Wellness will debut its new format, Mini-Max, in Moorings Park, a premier upscale retirement community in Naples, Fla. The store will be located in a new facility in the community, The Center for Healthy Living, which features medical and exercise facilities, a spa and beauty center, plus a 75-seat movie theatre.
The new Mini-Max Moorings will be a prototype operation used as a springboard for future expansion in other markets throughout the country. There are approximately 30,000 retirement facilities operating in the U.S. and Max-Wellness intends to focus primarily on upscale operations.
The merchandise selected for the Moorings Park location was done in collaboration with its medical staff and wellness providers. Products range from natural and organic vitamins and supplements to mobility devices, fitness items, braces, supports and everything for head-to-toe care.
Max-Wellness, founded by Michael Feuer, opened its first stores three years ago. Feuer, the CEO of Max-Wellness, was also the co-founder of OfficeMax and its CEO for 16 years. Max-Wellness operates stores in Ohio and Florida, and last year launched Wellness-in-a-Box, an automated retailing dispensing station located in major airports such as New York City’s JFK, and Huston’s Bush International. The kiosk features a customized assortment of approximately 75 health-and-wellness products specifically tailored to the needs of travelers.
The company is also exploring deploying its boxes on college campuses and in hospitals, retirement communities and large corporate headquarters.
Cabela’s profit surges 73% on guns and ammo sales
Sidney, Neb. — Cabela’s first quarter profit rose 72.9%, topping expectations, on strong sales of firearms and ammunition. Net income rose to $49.8 million, up from $28.8 million in the year-ago quarter.
Revenue increased 28.7% to $802.5 million from $623.5 million last year. Analysts expected revenue of $770.5 million.
"First quarter results exceeded our expectations on every line of the income statement," said CEO Tommy Millner. "In addition to expected increases in firearms and ammunition sales, we saw particularly strong performance in softgoods and footwear.”
Weis Markets ups cap ex budget to support remodels and tech investments
Sunbury, Pa. — Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.
“To position our company for continued growth, we have made record investments in our store base,” and vice chairman Jonathan H. Weis, at the company’s annual shareholder meeting. “Look for more of the same in 2013 when we increase our Cap Ex investment to $135 million – an 8% increase compared to 2012 – and a 33% increase compared to 2011.”
In 2013, the company is planning 37 major projects including four new stores, 15 major remodels and 17 remodels.
“By the end of 2013, we will have invested nearly half a billion dollars in our growth and will have completed more than 100 projects. Our cap ex program also includes record level investments in our information technology infrastructure,” said company president and CEO David J. Hepfinger “Improving our decision support and measurement capabilities are essential to our growth and future profitability.”
According to Hepfinger, supply chain and improving service are also key areas of focus for the retailer.