Cerberus Capital Management, the owner of Albertsons and several other supermarket chains, is intending to gobble up Safeway, according to recent news releases. Safeway said in February that it was looking into putting itself up for sale. The Pleasanton, California based company has been trying to adapt for some time to increased competition and recently shed some of its smaller and less profitable units, such as its Canadian operations and Dominick's stores in Chicago.
COMMENTS:
The Supermarket business is a tough business. Profit margins are extremely low and stores
depend on volume or being in a niche to survive. Safeway did a superb job in late 1990’s and
early 2000’s in getting personal with great customer service; their profits
soared. But, like so many businesses out
there today, they are again out of touch with their customer base and ripe for
the plucking. You need to put the
customer first and you need to be willing to adapt to the ever-changing and
sometimes fickle consumer.
TODAY’S QUERIES & ANSWERS:
Q. What do you think it will require to get Russia out of
Crimea? (Joyce ~ Baldwin Park, CA)
A. I would be flabbergasted if Putin gives up Crimea for
anything less than the presence of six U.S. Navy ships loaded with nukes aimed
at Moscow and that is not going to happen with this President. The European nations require strong
leadership and military support to even think about dealing with Russia, and
the U.S. is simply not going to provide either at this time. In fact, I think Putin has a wide-open gate to
go take over whatever country he wants in that part of the world and no one is
going to stop him as long as Obama is in the White House. Putin knows this and has every reason not to
stop his acquisitions with Crimea and to grab as much property as he can before Obama is out of
office. So, write Crimea off and quit
wringing your hands over it. Let’s get
back to the issues of the day: Benghazi, I.R.S. targeting and the ObamaCare
disaster and accept the probability that the Soviet Union will be reassembled
in its entirety by 2016.
Q. If, for some remote reason Hillary does not get the
Democratic nomination, who will they put up in 2016? (Hiram ~ Hawthorne, NV)
A. Either John Kerry, Michelle Obama or a combination of the
two. Biden will be bidin’ his time in
retirement.
Q. I understand Obama is in a furious outrage over the
Senate turning down Debo Adegbile for heading up the Justice Department’s Civil
Rights Division and the fact that some Democrats had the utter audacity to vote
against his dictates. I also understand
he may go ahead and put Adegbile in the job anyway during a Senate recess. Isn’t this country fed up yet with his
arrogance and disregard for the public will?
(Pansy ~ Richmond, CA)
A. They say that whenever Obama goes to the bathroom, all of
the toilet seats stand at attention.
After this last vote, however, I understand they all flushed at the same
time. He will likely try it just to get revenge
against Americans, knowing that even Court action won’t get into full gear
until after he has left office. And
those Dems who voted against him are being lined up for IRS audits and other
retributions as we speak.
TODAY’S QUOTE:
“There is only one boss; the customer. And he can fire everybody in the company from
the chairman on down, simply by spending his money somewhere else.” ~ Sam
Walton
TODAY’S VIDEO:
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