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Brewery Discoveries on Vacation
My wife had a conference in SoCal a couple weeks back, and they were allowed to bring a guest. It's basically a week of her company kissing the ass of their biggest clients. I have to dress up a little and basically not embarrass my wife. This is pretty simple when you're surrounded by sales... -
Hy-Vee's weirdest business decision yet?
Kind of off-topic here, but I figured others may be in similar situation. I HATE the Iowa can redemption and think it's unnecessary in 2024. I also hate throwing away money, so I've always played the game of taking them back to Hy-Vee, which they seem to be making harder and harder. Last year, I... -
Retirement Targets
I've found that once you hit a certain age, it's really all about how you saved early. I'm 6 years away from retirement, and I max out my 401(k), but in reality it will have very little impact on my retirement balance. My main growth now is happening because of things I did early and mid career. -
Hy-Vee's weirdest business decision yet?
That's my understanding -
Hy-Vee's weirdest business decision yet?
I'm talking about the old Store Director position. Hy-Vee had no problems finding Store Directors, when they were getting paid $150k+/year, 30 years ago. Of course they have problems now, when the earning potential is so low. Most of those Store Directors 30 years ago were on commision and... -
Retirement Targets
I agree with what your saying, and I recognize that you're not saying to not save for retirement. With that said, I have a sister has lived by that theory her whole life. Her whole life has been about "You can't take it with you, when you're dead" and "there is no way I'll live to retirement"... -
Retirement Targets
I may think differently in a few years, but I think just saving somewhere is the most important piece. Each time I think I have it all figured out, something else is brought up that changes my mind. ASA pre-retirement discounts, future tax changes, irmaa, roth conversions, RMD's, age taking... -
Hy-Vee's weirdest business decision yet?
This is not factually correct. Hy-Vee went with this method to save money. It's very easy to find store directors for those small towns if they can make a lot of money. Some of those small stores were highly coveted. -
Principal Financial-Remote work
Wow, I had no idea. So they have all the floors 16th and below? -
Principal Financial-Remote work
I've worked downtown for 20+ years. I now work M-W and the lunch places seem to have decent business. Part of that is because so many places have closed over the years and never replaced. Mr. Filet, Bruges, Winston's, about 7 food places in the kaleidoscope, about 3 places in the basement of... -
Hy-Vee's weirdest business decision yet?
The store in Indianola, before it got enlarged, was more profitable than any des moines store except the old urbandale store. The same year indianola announced the new store, I think he retired. If I remember correctly, those small stores were 100% commission and if they lost money, they... -
Hy-Vee's weirdest business decision yet?
My last year, I had one holiday off, which was Christmas. Every single weekend. One week 6-3, next week 10-7, and the next week 3-11. My God, I thought I was on top of the world when I got a 8-4 M/F. They used to dangle that store director commission over your head, while they paid every... -
Hy-Vee's weirdest business decision yet?
$300k+/ year 30 years ago. Certain stores were gold mines for CEO's but they were trained not to be show boats. I think they now struggle to make more than $100k. When I worked at Cedar Falls in high school, which was a really strong store, the bakery, deli, and meat manager all made a ton... -
Hy-Vee's weirdest business decision yet?
100%....especially in the aisles. The profit in the food aisles used to be razor thin for every grocer, and I assume that hasn't changed. In the 90's, Hy-Vee made 1% on the combined grocery aisles(dry). I remember that we lost money on a number of things. For example, mayonnaise was a loss... -
Hy-Vee's weirdest business decision yet?
There is another example, where I think they lost their way. Some of those small town stores were cash cows, so they would get the best store directors, who were 100% commision. When I worked at Hy-Vee multiple store managers made more than the CEO of the company. No one wanted the big/new Des... -
Hy-Vee's weirdest business decision yet?
I think Hy-Vee has had a ton of screw ups over the last decade. With that said, there is a tendency for people to hate companies the bigger they get. There is also a tendency to always root for the guy in 2nd. e.g. Like everyone else, I find Hy-Vee to be expensive, they make some dumb store... -
Hy-Vee's weirdest business decision yet?
I think you're right. I just wanted to give a real world example of it not always true. I use to do price comparisons for Hy-Vee and at the time, only Dahls was more expensive. -
Hy-Vee's weirdest business decision yet?
Like I said before, Hy-Vee doesn't close profitable stores, even if they are in a sketchy part of town. I worked at the East Euclid Hy-Vee and the crowd there was ROUGH in the mid 90's. We had to have a full time DSM police officer on duty after 8pm, I made multiple court appearances for things... -
Hy-Vee's weirdest business decision yet?
IMO, things like DSW in a couple of stores is the least of their problems, they've been doing those types of things even when Ron Pearson was ceo. E.G. I worked at DSM#2 when they had a baseball card shop, a pizza shop, movie rentals, etc. They've been trying to push non-foods for the last 40+...