Superdrug’s Post

"More than 33,000 offences were recorded by the agency over the past 12 months, 6000 more than the previous year and almost double the amount from three years ago. Only half of those recorded offences from last year led to a conviction." #retailing #lawenforcement #business #lossprevention #RedfernRetailRisk

NY cxnnabis is 5-7 years from normalizing…and the numbers PROVE IT. I have been VERY VERY pessimistic on New York. Last week, Inform New York threw up a press release trumpeting overall Q1 revenue and the “success”. Here’s the gist: — NY has 165 LEGAL adult-use dispensaries — In Q1, they sold $100M... — In Q2, they sold $160M! 60% increase! Huge! Well, let’s unpack that… $160M / 165 stores = $969k per store per quarter. Or $323K per month. If we annualize this its about $3.8M per store per year. Sorry, YOU AIN’T MAKING MONEY IN CXNNABIS RETAIL at $3.8M p/y in NY. Moreover, your program to shut stores down has shown your total NY retail market is $640M. Class, NY is going to be a TIME and MONEY SUCK for years to come. But it's high profile status will continue to be a siren, serenading perfectly healthy businesses to shipwreck... Step on up and prove me wrong.

“Capital isn’t scarce, vision is.” Sam Walton (American Business Magnate) Best known for founding retailers Walmart (1962) and Sam’s Club (1983), Samuel Moore Walton grew his business to be the world’s largest corporation by revenue. Stunningly, Walmart also is known for being the world’s biggest private employer, providing a weekly paycheck to over 2.3 million people! For a long stretch of time, the Walton family had the title of the wealthiest family in the U.S. for several consecutive years. The Walton family still owns 50% of Walmart shares demonstrating the family’s belief in the company’s long-term success. After serving in the military in 1945, Walton took over management of his first variety store at the ripe age of 26. Securing a $20,000 loan from his father-in-law, plus $5,000 he had saved from his time in the Army, he then purchased a Ben Franklin store in a small community in Arkansas and made sure shelves were stocked with a wide range of goods that were priced to perfection as good as, or even cheaper than, goods you could find in big cities. Soon, he’d purchase a small discount store in Bentonville, Arkansas which he called “Walton’s Five and Dime.” Along the way, Walton opened up many more Ben Franklin’s across the South, finally opening the first true Walmart on July 2, 1962 in Rogers, Arkansas. His competitive focus was American-made products at low prices. He opened Walmart chains in smaller towns, not larger cities. He wanted to be near consumers, keeping them local and not losing them to bigger cities. In the small community, he made the store large enough to control business in the town discouraging other merchants from entering the market. Given its scale and economic influence, Walmart is observed to significantly impact any region in which it establishes a store. These impacts, both positive and negative, have been dubbed the “Walmart Effect.” Walton passed in 1992 and was reported to still have been reviewing sales numbers on his hospital bed. At that time, Walmart had 1,960 stores, employed 50,000 people and had annual sales of nearly $50 billion. At the time of this writing, Walmart is a global company with 10,586 stores and has 2.3 million employees with annual sales of over $611 billion. It all started with Sam sourcing a small loan (“Capital isn’t scarce”) from his father-in-law, the rest of it was built on vision and execution. History books are littered with the pros and cons of Walton’s vision. Some good, some bad. But in the end, my guess is that you either currently shop, or have shopped at a Walmart Supercenter or Sam’s Club. And, like it or not, Walmart contributes to this economy’s great success by offering a variety of goods to consumers at lower prices than most competitors. Too, it offers a fair wage to over 2.3 million people thereby allowing them to cash their paycheck after a hard day’s work so they can provide for their family & save for their retirement. Read more: https://lnkd.in/gQa-vc5N

Extremely sad to see that Ted Baker (along with personal favourite Muji) is the latest retailer to join a spate of well known and much loved high street casualties in 2024 as the iconic UK brand confirmed it will be shutting down 11 stores across the UK.   A record number of retail insolvencies shouldn’t come as a surprise to anyone, but how did we get here? Brexit, Covid, the cost of living crisis, numerous global supply chain challenges, a lack of government support and confusing restrictions all haven’t helped, but I still believe it is important to be optimistic about the future of our retail landscape in these trying times.   Returning to the halcyon days of the high street might be out of reach for now, but a resurgence of any sort depends on the next government committing to support business rates. Last year’s Autumn Statement failed to support high street retail, with industry calling out the outdated rates system penalising larger retailers who want to invest in bricks and mortar, as well as online.   Supply chain efficiency through digital transformation plays a crucial role in modern stores, but government help is needed to ease the balance sheets and bring back big retail to our high streets.   https://lnkd.in/eNi_8CSi #supplychain #retail #brexit #covid #highstreet #tmxtransform #election24 #inventtomorrow

Interesting take on the NY #cannabis market #nycannabis

Brands that struggle with relevance look for shelter out of public scrutiny. Why? Bad news leads to more bad news, and customers begin to migrate away before you know it. I will explain how resistance to change leads to eventual business failures. Many have paid millions for and tried transformation strategies with no results. It usually starts early, dismissing disruptive technology and its applications. Take the introduction of ATMs and debit cards. Resistance was significant; consumers couldn’t let go of cash and checks. Retailers believed that consumers would not change, so they didn’t either. Until it began to sink in that ATM machines and debit cards were more convenient. Adoption was faster, retailers scrambled, and the pace of installing debit machines accelerated, followed by online banking and digital payments.   Convenience! Every business owner, founder, and board keeps missing the most important aspect of what consumers want: a lot less friction. In fact, if customer experiences chew up consumer time, they will not come back even as pleasant as the staff and the store environment are. This is the reality today. If you want brand relevance, understanding the importance of convenience is key. It’s typical for companies to resist any change that may demand more operational changes that impact their business models, hence causing customers to migrate and erode their existing revenue streams. But in the end, their own resistance doesn’t stop consumers’ adoption. They begin to lose share and relevance and become less important in the view of their own customers. I can save you all the trouble of trying to understand retailing and the shifts that matter…if it spells greater convenience, conducts thorough due diligence, adopt, and adapt the organization to a new way of thinking. No one can change a brand as well as leadership can. This is my real-world experience leading brands and sitting on for-profit boards. Will Nordstrom get to go private? Not unless they can raise $5-6 Billion. Will it make a difference in their journey? If they stop protecting their beliefs and start pursuing convenience, it is a transformative power. #retailing #strategy #ceo #technology  #marketing #brands https://lnkd.in/gZNeSCzb

Failed #CEO of 99 Cents says plans to close all 371 #retail stores as it seems to be going out of #business permanently as the #CorporateCollapse continues at rapid speed causing a massive #CorporateCleansing to all shut-down of All toxic bad price-gauging greedy companies full infested with lazy slow crap clique narcissist jerks that look to do No work themselves thus labor + non-labor costs over 20x higher than should be https://lnkd.in/dCC9_tcn This after Family Dollar and Dollar Tree closed over 1,000 stores like 99 Cents also impacts suppliers badly too https://lnkd.in/dVrAWzsd Express bankruptcy coming https://lnkd.in/dEpZ4u5M Calls for corporate manslaughter changes against UK Post Office #Executives should be for all companies & business's & gov-agencies plus please ban indemnity clauses etc https://lnkd.in/dvpi9TdZ. & https://lnkd.in/dJmdcbq8 Migrant #influencer who promoted all migrants to occupy other people's homes by squatting using dumb squatters rights now in trouble himself https://lnkd.in/dEp6PCbp As people lose their homes and equity in their #property and memories. Squatters map https://lnkd.in/dmhD5x-A Squatters rights by state https://lnkd.in/dR25k9cb Some European countries have anti-squatters laws https://lnkd.in/dFjbwT6h. Useless LinkedIn lost an Edit again LinkedIn Help not going to re-type in. Hilton acquisitions https://lnkd.in/d6_TaaZF & https://lnkd.in/drUud3JX & https://lnkd.in/dkvF7uSw Amazon merchants struggle with return theft fraud plus #antitrust issues https://lnkd.in/d2XSrwzv with Amazon sellers scam returns https://lnkd.in/d-GKK6-n effect other retailers too https://lnkd.in/dWK5y_PT FTC on terrible Amazon customer service as Amazon removed it's customer service email address's https://lnkd.in/dVi8DgYR I guess Elon Musk will not be investing in Disney now https://lnkd.in/d4JKBpmm Kiss sells https://lnkd.in/duB4CV-A Amazon cloud gimmick layoffs https://lnkd.in/dS29Qgxd Does a #hotel or #motel really check for bed bugs? I once was the victim of bed bugs at a Comfort Inn by Choice Hotels International once in Piscataway NJ https://lnkd.in/dJY4gSCX. Paramount Group #stock plunged https://lnkd.in/dii2dZ5k Universal basic income major success as most use money wisely but don't reward anyone who wastes the money they are given https://lnkd.in/dCN26FYK Boeing paid Alaska Airlines for planes grounding https://lnkd.in/dryXjJCG It's #RIP to Malls https://lnkd.in/dVG2-vcj Naughty Indian company sold contaminated shrimp https://lnkd.in/d65dfpeq UHG crisis https://lnkd.in/dqUm7cTq Massive US layoffs https://lnkd.in/dK_VY-w3 & https://lnkd.in/d6Dnk5xG Intel layoffs https://lnkd.in/dmm5K8tS #trucking company shuts down https://lnkd.in/drGf84ij Shoe brand bankruptcy https://lnkd.in/dj-Y_adu Brakes on UA Boeing 737max failed https://lnkd.in/d4yPzaRQ Alphabet considers HubSpot acquisition https://lnkd.in/dh4ZPc6g #news U.S. Department of Health and Human Services (HHS) #executive #economy #finance

Rite Aid Closes Majority of Midwest Stores Amid Financial Turmoil Rite Aid, the once-prominent drugstore chain, has closed hundreds more stores, signaling a near-complete withdrawal from Midwestern states. According to a report by the Daily Mail Online, the company has shut down 856 stores since October 2023, representing more than two-fifths of its roughly 2,000 locations before filing for bankruptcy. The latest wave of closures primarily affected Michigan and Ohio, with 74 stores shuttered so far in August. This follows 169 closures in July, concentrated in these two states. Rite Aid has now closed 95 percent of its locations in Michigan and 93 percent in Ohio, leaving just a dozen stores in each state. Beginning of a Nationwide Reduction The company announced in October 2023 that it would initiate the closure of 154 stores, marking the beginning of its financial restructuring following a bankruptcy declaration. This move came after signs of distress became evident, with sparse shelves at a Brooklyn store being reported in August 2023. By the end of October, Rite Aid had filed for Chapter 11 bankruptcy protection, outlining a plan to significantly reduce its national footprint, once boasting over 5,000 locations in 2008. Within the following months, Rite Aid aggressively accelerated its closure plans. By July 2024, a staggering total of 856 stores had been closed nationwide. https://lnkd.in/gvDARDq3 Most know it was the 'opium' BS that caused the most financial damage for the US. It caused the LA port freeze that resulted in $2T+ loss of business (most loss of business in US history) & most US bankruptcies in US history! Ironically, I never tried opium before especially when Asians regard opium as Jews regard swastikas & it took 2 opium wars to get it out of China before when the Brits were bringing it in. The emperor even hacked heads since he was so upset one of his sons OD & died due to opium. Dark tares used the opium BS to rob the hell out of white neighborhoods pissing off 1M+ US victims pretty much wanting the opium BSers dead for aiding & abetting dark tare thieves & liars of every kind. Thus the initial $1M US fed bounty, now bumped up $100B if they claim I'm opium to avoid WW3 w/ China. The opium BS caused the LA port freeze that caused that bad oil spill when a cargo ship... for rest, open your facebook account & click on link below... https://lnkd.in/gQT3RaHK

Conn’s HomePlus, a 134-year-old furniture and electronics retailer with locations primarily in the southern United States, has filed for Chapter 11 bankruptcy and is closing nearly half of its 170 stores. Struggling with slumping sales amid a broader slowdown in discretionary spending among consumers, Conn’s lists assets and liabilities worth at least $1 billion each. The 73 closing stores span multiple states, with Florida and Texas being the most affected. This scenario underscores the necessity of trade credit insurance to protect your business from clients' non-payments. In these uncertain times, safeguarding your financial stability is paramount. Don't wait until it's too late—reach out to me at ash.grover@amer.allianz-trade.com or call 604-345-3113 to discuss how trade credit insurance can secure your business's future. #TradeCreditInsurance #BusinessProtection #FinancialSecurity https://lnkd.in/g3Q2M8sR