OPERATIONS

Walgreens, Boston-area chains join CVS in Rolling Stone boycott

BY Dan Berthiaume

Deerfield Park, Ill. – Walgreens, as well as Boston-area grocery chain Roche Bros. and convenience chain Tedeschi Stores, have indicated they will join CVS in refusing to sell the upcoming Aug. 3 issue of Rolling Stone that features a cover photo of Boston Marathon bombing suspect Dzhokhar Tsarnaev. Walgreens made an announcement yesterday afternoon on Twitter, while the Boston Globe reported that Roche Bros. and Tedeschi would also decline to sell the controversial issue.

Walgreens apparently made the decision to not sell the issue after receiving Twitter comments from customers.

“Thank you for sharing your thoughts with us. Walgreens will not be selling this issue of Rolling Stone magazine,” stated a tweet on the official Walgreens Twitter feed, It has been retweeted at least 1,1417 times and favorited at least 708 times. CVS made its similar announcement via Facebook.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Sherwin-Williams sees sales, income spike

BY Dan Berthiaume

Cleveland – The Sherwin-Williams Company reported increases in net sales, diluted income per share and same-store sales during second quarter fiscal 2013. Consolidated net sales increased 5.5% to a record $2.71 billion in the quarter, up from roughly $2.6 billion the previous year. The company credited acquisitions, with some offsetting negative impact from unfavorable currency translation rates, for the net sales boost.

Meanwhile, diluted net income per common share in the quarter increased to $2.46 per share from $2.17 per share in 2012, due primarily to improved operating results of the paint stores and global finishes groups. Unfavorable currency translation rate changes decreased diluted net income per common share by $.02 per share in the quarter. Same-store sales increased 7%.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Overstock.com has strong Q2

BY Dan Berthiaume

Salt Lake City – Overstock.com reported substantial increases in net revenue and income for the second quarter of this year. Total net revenue for second quarter 2013 and 2012 was $293.2 million and $239.5 million, respectively, a 22% increase. The growth in net revenue was primarily due to a 21% increase in average order size, from $138 in second quarter 2012 to $167 in second quarter 2013.

Net income jumped an impressive 687%, from $470,000 to $3.7 million.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...