Mood disorders may be precursor to diabetes in Latinos, study finds
NEW YORK — Such mood disorders as anxiety and depression may be a precursor to diabetes in Latinos, according to a study by University of California at San Diego researchers scheduled for presentation at the American Psychiatric Association’s annual meeting in Honolulu.
As reported in the Los Angeles Times, the researchers found that while Latinos have higher-than-average rates of diabetes, they also seem to have higher-than-average risk of having both diabetes and a mood disorder.
The researchers studied medical records of 129 Latino adults from a clinic in Imperial County, Calif., to see whether they developed diabetes or a mood disorder first. For those with diabetes and depression, 54% of men and 59% of women developed diabetes first, compared with 24% and 29% who developed depression first, respectively. Among those with an anxiety disorder, 54% of men and 55% of women developed diabetes first, compared with a respective 45% and 39% who developed anxiety first.
The researchers wrote that the reasons for diabetes and mood disorders appearing together were unclear, but that those with mood disorders should be monitored to prevent the onset of diabetes or treat it early if it does occur, according to the Times.
Target to invest more than planned to enter Canada
NEW YORK — Target plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.
The retailer said it will be able to “clarify” within weeks the number and locations of the first 100 to 150 stores it will open in Canada.
“We expect to close on higher value lease transactions sooner than expected,” Target CFO Doug Scovanner told analysts on a conference call Wednesday.
In January, Target announced it had bought the rights to 220 Zeller’s leaseholds in Canada for $1.82 billion.
Target said it now expects its Canadian startup costs could run as high as $40 million to $50 million, or 16 cents to 20 cents per share this year, up from its previous forecast of 10 cents a share, Scovanner said.
“Both expected profits once we open in Canada and expected burden per share prior to opening is larger than we thought likely 90 days ago,” he said.
The company recorded $11 million in the quarter in direct startup expenses as it began building a Canadian team to study the market and develop technology and supply chain solutions, according to the Toronto Star.
Looming gas prices actually could help retailers
WHAT IT MEANS AND WHY IT’S IMPORTANT — To say that the impact of high prices at the pump this year is not as bad as it was in 2008 may be a testament to just how bad it was in 2008. As long as the price-per-gallon hovers above or below that magical $4, it’s still plenty bad, and there still are plenty of people who are changing shopping behaviors because of it.
(THE NEWS: Nielsen finds consumers are less worried about rising gas prices than in 2008. For the full story, click here.)
An Associated Press/GfK poll released last week determined that rising gas prices will cause “serious” hardship for as many as 41% of Americans. Almost 3-in-4 acknowledged $4-per-gallon-plus at the pump will cause at least some hardship.
But where there’s pain, there’s gain. So bad news for the consumer may not be bad at all for the savvy retailer. Instead of lamenting how promotional they may need to become, those retailers are busy figuring out how to convince their consumers that one-stop shopping, along with savings at the pump, can be had at their locations.
Such retailers as CVS/pharmacy and Weis Markets are luring customers into their respective boxes, for example, with promises of significant relief at the pump.
CVS/pharmacy is offering a $10 gas card each week for customers who spend $30 on specially marked items. For an ExtraCare cardholder who owns a sedan with a 12-gallon tank, that could represent savings of 84 cents per gallon, if not more.
And Weis Markets already offers loyalty card holders 10 cents off a gallon of gas for every $50 worth of groceries purchased. And Weis recently upped that ante by offering a $1 off per gallon of gas with a new or transferred prescription. That offer is good through July 23, or practically the entire summer, and the gas savings are redeemable at most Weis or Sheetz locations.
As of last Friday, the average cost of a gallon of regular gasoline was $3.886, down from $3.905 Thursday, according to AAA’s "Daily Fuel Gauge Report."