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March 02, 2015

TOP STORY

Target finishes fiscal 2014 on strong note

Brian Cornell

Target Corp. rebounded smartly in the fourth quarter after a harrowing fiscal 2014 that saw the retailer withdraw from its failed entry into Canada.

Both reported and adjusted earnings per share and sales for the final period beat analysts’ estimates, and management forecasts year-over-year growth for first quarter earnings.

 

RETAIL NEWS BREAKS

Dollar Tree sales rise for Q4 and full year

Dollar Tree Inc. on Wednesday said it earned nearly $207 million in its fiscal fourth quarter on revenue of $2.5 billion.

Walmart’s fourth quarter profit up 12%

Walmart announced Thursday that it will give a half million of its employees pay raises.

Raley’s ends sales of tobacco products

Regional supermarket operator Raley’s Co. is the latest retailer to halt sales of cigarettes.

Rite Aid expands services with PBM acquisition

Rite Aid Corp. has taken another decisive step in its drive to expand its footprint in health care, agreeing to acquire Envision Pharmaceutical Services, a full-service pharmacy benefits management company, in a deal valued at about $2 billion.

Strong pharmacy sales lift CVS Health's earnings

CVS Health saw sales climb by double digits in the fourth quarter and year-end revenue grow by nearly 10% for 2014, with adjusted earnings per share (EPS) in line with Wall Street's forecast.

Walgreens teams with Eva Mendes on makeup line

Walgreens is launching an exclusive masstige color cosmetics line in collaboration with actress Eva Mendes.

Rite Aid begins operating in-store RediClinics

Rite Aid Corp. has opened its first in-store RediClinics, part of a campaign the company said will expand its community health offerings and take "the health and well-being of our customers to the next level."

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

NO-AD brand moves into skin care category

Sun & Skin Care Research LLC (SSCR), maker of the NO-AD Sun Care line, is expanding into the skin care category with a collection of antiaging body moisturizing lotions.

Energizer Personal Care to become Edgewell

Energizer Holdings Inc., which is splitting into two separate companies, has decided what those companies will be called.

Actavis to use Allergan as its corporate name

Actavis plc said that it will adopt the Allergan corporate name after the companies close their merger deal.

Mondelez International purchases Enjoy Life Foods

Mondelez International has acquired Enjoy Life Foods, a maker of allergy-friendly snacks.

Flonase teams with Weather Channel on Allergy Tracker

GlaxoSmithKline Consumer Healthcare's Flonase Allergy Relief brand, which recently launched over the counter, has partnered with The Weather Channel to provide tools and resources to educate allergy sufferers about how changing weather patterns can affect their condition and how they can better manage their allergy symptoms.

Product of the Year winners announced

A Greek yogurt body wash, a gluten-free pizza and new laundry detergent from market leader Tide are among 30 new products honored on Tuesday by Product of the Year USA.

Revlon tabs Benjamin Karsch as head of marketing

Revlon Inc. says it has hired Benjamin Karsch as executive vice president, chief marketing officer at Revlon Consumer, where he will lead global brand marketing, product development, consumer engagement and public relations for the cosmetics maker.

More Supplier News Breaks >>
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