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Supermarket News Daily

NOVEMBER 10, 2023

Podcast: Kroger, Albertsons merger will mean competitive pricing and job security

Co-author of white paper on the deal believes all the steps are there to satisfy a successful deal.

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Walgreens announces more corporate level layoffs

Another 267 workers will be terminated.

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CVS, Walgreens pharmacists move to unionize

The move comes after scattered walkouts protesting pharmacy working conditions.

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SpartanNash sees dip in Q3 sales

The grocery distributor / retailer fell short of Wall Street’s forecast.

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Metro opens new automated distribution center

The new DC in Terrebonne is valued at nearly $1 billion (CAD).

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SN Product Watch: Twrl’s Brown Sugar Boba

It's what's new in tea.

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Register Now! “How Technology is Transforming the Grocery Industry”

SN webinar to reveal operator plans for ecommerce, data strategies, and more.

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How grocers are preparing for a very merry omnichannel holiday

Strategies include stress testing digital channels, increasing digital promotions, and expanding delivery and pick-up options.

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Instacart reports $2B loss, but sales still beat expectations

The delivery giant’s third quarter financial results also forecast growth in the total value of transactions on its platform.

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The results are in...

Walgreens announced last week that it would eliminate bonuses for corporate staff and reduce bonuses for pharmacy and store managers this year, citing weaker-than-expected financial results.

So we asked: 

Is it right to take back employee bonuses? 

And you answered:

  • No, terrible: erodes trust 82%
  • Yes, finances dictate it 15%
  • Other, tell us in the comments 2%


You also said:

Carole Kaufman, Strategic IT Leader
I have worked in retail organizations who effectively used poorer-than-expected financial results as a rallying cry, getting associates fired up and turning things around both from doing new or focused initiatives and by uniting and firing up the troops. I have also worked for the "getting worse day by day," the drudge of being a victim to (name it: economy, labor woes, supply chain issues...). No action, just hope for better days. If the latter, bonuses won't help. The ship is sinking. If the former, bonuses send mixed messages and dilute focus. In that case, bonuses shouldn't be given except for the most heroic and compelling reasons until things turn around. Then celebrate and thank. You made it. It's retail.

Larry Melby, Inventory Control, Tom Thumb
If a company is losing money or has underperformed than of course bonuses should be cut. A bonus isn't a guarantee like a paycheck. It's a reward for the company achieving specific financial goals/milestones. They aren't participation trophies for showing.
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Have another thought? Weigh in on our LinkedIn poll  here, or email the SN team at  [email protected], and make sure to include your first and last name and job title. Have a great weekend!

WHAT DO YOU THINK?