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First-quarter sales, profit fall short at CVS

Mass Relators

Karen Lynch, chief executive officer at CVS Health, said that the current environment does not diminish the company’s long-term earnings power. “We The post First-quarter sales, profit fall short at CVS appeared first on MMR: Mass Market Retailers. These increases were partially offset by continued pharmacy reimbursement pressure.

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Why growth is slowing at e-commerce giant Shopee

Inside Retail

Marketplace revenues grew at a 62 per cent clip, while gross merchandise value (GMV) was up 27 per cent and the total number of orders grew 42 per cent to 2.0 At some point, though, something has to give, because at this low percentage there is too much money being left on the table. After peaking at $366.99

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Maximizing Profitability: How to Improve 4 Key Areas of the CPG Product Lifecycle

Retail TouchPoints

Consumer packaged goods (CPG) companies are obsessed with two things: maximizing revenue and minimizing operational expenses. And the challenge for CPG leaders becomes how to maintain the output of their teams after that initial burst of energy at launch. Improved customer service.

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Harrolds exits Pacific Fair after rent negotiations fall through

Inside Retail

We have had to pull many levers during the last 12 months to mitigate the impacts of Covid-19 to our business nationally, including reducing operating expenses and attempting to negotiate revised rental agreements,” said Harrolds’ managing director Ross Poulakis.

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Milkrun seeks investment as a perfect economic storm hits instant delivery

Inside Retail

That reticence was backdropped by significant operating costs at Milkrun, which eschews the independent contractor model and uses employees to deliver groceries. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share. “The

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Bad debt blowout fuels massive Afterpay loss

Inside Retail

The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 million at the end of the first half, December 31. Other rising expenses included a higher commitment to marketing the brand. million as more and more of its instant-loan clients failed to pay their debts. .

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President Biden Signs Laws Aimed at Cracking Down on EIDL and PPP Loan Fraud

Small Biz Trends

The Paycheck Protection Program provided by the Federal government offered support to small businesses for them to pay their employees after companies were forced to shut down during the pandemic, while the EIDL loans and grants gave small businesses money to be used for working capital and other normal operating expenses.

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