In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Traditional supermarkets like Supervalu are struggling because of greatly increased competition and a collapse in food and consumer goods prices. These forces might make the historic supermarket business model unsustainable.
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The credit card business is a real mixed bag these days. American Express (NYSE: AXP) is struggling with a serious
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American Express also some very bright prospects for the future. One is the growing use of payment apps such as Apple Pay and Android Pay; which Amex supports. That might grow the value of credit card payments and profits from them.
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My take is that the major grocers; and high-end grocers like Whole Foods, will survive but many of the regional and discount chains will not. Instead of being a direct threat to grocers, Amazon will be an indirect threat taking some business and providing another headache for grocers.
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Walmart would like to be more like Costco for one simple reason: cash. Costco is a very cash-rich company, it reported a net income of $2.41 billion on November 30, 2016.
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Despite Mr. Market’s misplaced confidence, Target’s revenues have fallen by nearly three and a half billion dollars over the past year. The retailer reported revenues of $73.91 billion in October 2015 and $70.43 billion in October 2016. That indicates a major drop in sales at Target stores.
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These numbers; and the 27.77% profit margin reported on September, show that Discover’s decision to concentrate on providing basic credit card services and good customer service is paying off.
By ignoring flashy gimmicks and avowing entanglements with retailers; such as American Express (NYSE: AXP) messy relationship with Costco, Discover has been able to maintain steady market share. It has also accumulated a lot of street cred and good will along the way.
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Although its business is shrinking, the third quarter earnings report indicates that American Express is still a cash rich company
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You should be shopping on Jet because it offers much better prices on items like laundry detergent than sites like Amazon (NASDAQ: AMZN). It is also fast and provides a better level of service than some sites.
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JC Penney (NYSE: JCP) is demonstrating how awful things are for brick and mortar retail with its revenues. Tiny revenue
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