In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Safeway and Albertsons currently have around 2,230 stores—almost as many as Kroger—but they had combined revenues of $60 billion in 2014, The San Francisco Chronicle reported. In contrast, Kroger, which operates 2,619 supermarkets, reported a TTM revenue of $108.47 billion on January 31, 2015. Kroger’s TTM revenue grew by 8.55% in 2015.
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My prediction is that CVS’s revenue will continue to grow but none of its competitors will follow its lead and go tobacco free. Instead, CVS will be something of an anomaly, which will buy it a lot of good publicity and support from the healthcare industry.
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Walmart is no longer on the cutting edge of retail; it cannot even compete with bottom-feeding dollar stores. The Behemoth from Bentonville still makes a lot of money; it just cannot attract any new customers. What is going on here?
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Yes it is a bit of a dark horse, but Rite Aid does meet some of Warren Buffett’s value criteria: it is a good company that has been going through a rough patch yet still has the potential to generate a lot of cash. It also has an easy-to-understand business model in a decidedly unglamorous industry—selling shaving cream and prescriptions. Rite Aid also meets another one of Uncle Warren’s classic criteria: it is a company that an idiot could run if necessary.
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Operating a bank would also allow Kroger to interphase directly with apps like Apple Pay, Google Wallet and Venmo and avoid the fees charged by the financial services industry. That alone might be enough to entice Kroger into banking.
Read MoreCostco’s same sales increased by 7% in January, and shopper traffic increased by 5.8% indicating that the retail recovery has definitely reached its warehouse. Meanwhile Sam’s Club’s sales without fuel grew by just 1.6% in the 13 weeks that ended on Jan. 30, 2015, and .5% during the year that ended on Jan. 30, 2015.
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If Intuit can avoid more security problems with its software and marketing stumbles, it could be a good long-term software play. I say this because it looks like Intuit has a winner and a potential huge moneymaker with QuickBooks Online Self-Employed
Read MoreBasically, any company that offers high-quality merchandise or a high level of convenience at a good price is poised to profit in this economy. People want to save as much money as possible, but they don’t want to think of themselves as “poor”; income inequality, which makes people conscious of poverty, drives this trend.
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One reason why the poor stay poor is that they often lack the opportunities to save money that middle and even working class Americans enjoy. By save I don’t mean put money in a bank account, which is obviously important, but simply pay less to live.
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Walmart and Target certainly have their work cut out for them if they want to maintain their positions in the retail market. Safeway will have even more work to do if it wants to become a credible rival to Kroger.
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