retail news in context, analysis with attitude

• The Binghamton Press reports that Weis Markets has closed 11 Giant Food Markets that it acquired two months ago and is converting them to the Weis banner – complete with a shift to the company’s own front end systems. Five of the units reportedly will be converted to a 24-hour operating schedule, with the rest open 7 am – 11 pm daily.

• Starbucks announced last week that it will lower prices on some products and raise prices on others – gambling that even in a recession, what it views as product-appropriate pricing will fly with consumers.

Prices reportedly will go up (as much as 30 cents) on labor-intensive drinks such as frappuccinos and caramel macchiatos, while they will go down between five and 15 cents on easier drinks to make such as brewed coffee, lattes and cappuccinos.
KC's View: