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November 29, 2015


Dollar Tree earnings fall, sales rise in quarter


Dollar Tree Inc. reported a 38.4% decline in net income for the third quarter, as a result of expenses related to the integration of its Family Dollar acquisition. Net sales more than doubled, to $4.95 billion, as a result of same-store sales gains and the addition of the Family Dollar business.



George Riedl to head Walmart’s health and wellness

Former longtime Walgreens executive George Riedl has been named a senior vice president and president of health and wellness at Walmart.

Target’s Q3 earnings continue momentum

Target Corp. on Wednesday said that its profit rose 56% to $549 million in the third quarter. Sales increased 2.1% to $17.6 billion as same-store sales increased by 1.9% from a year earlier.

Walmart’s Q3 earnings beat expectations

Walmart on Tuesday reported fiscal third quarter net income of $3.30 billion, down from $3.71 billion a year ago but better than what Wall Street analysts were expecting.

Kohl’s names Sona Chawla chief operating officer

Sona Chawla, president of digital and chief marketing officer at Walgreen Co., has been named chief operating officer at Kohl’s Department Stores.

Ahold, Delhaize announce future executive team

Koninklijke Ahold N.V. and Delhaize Group on Monday announced establishment of an executive committee to oversee Ahold Delhaize, the supermarket operator to be created by the merger of the companies.

Kroger to acquire Roundy's in $800 million deal

Kroger Co. has agreed to buy 151-store Roundy’s Inc. for some $800 million, including debt.

Target plans early start for Black Friday promo

Black Friday sales at Target Corp. stores will get a five-day head start this year.

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Prestige Brands Holdings to acquire DenTek

Prestige Brands Holdings Inc. has agreed to acquire privately held DenTek Oral Care Inc for $225 million in cash. The DenTek brand includes the market leading dental floss pick, as well as other oral care products for adults and children.

Pfizer to acquire Allergan in $160 billion deal

Pfizer Inc. plans to acquire Allergan Inc. for about $160 billion. The deal, the biggest ever in the health care sector, will allow the New York-based drug giant to relocate to Ireland to cut its U.S. tax burden.

Wrigley, Mars Chocolate identify store ‘transaction zones’

Leading candy brands Wrigley and Mars Chocolate have provided some merchandising insights that give retailers guidance on in-store placement that better reflects the habits of today’s on-the-go shoppers.

Hershey introducing simpler holiday treats

Hershey Co.’s Holiday Hershey’s Kisses Milk Chocolates and Hershey’s Milk Chocolate Bars, made with simple ingredients and no artificial flavor, will launch nationwide this holiday season.

KIND to reduce added sugar for Fruit & Nut bars

KIND plans to reduce added sugar across its original Fruit & Nut bar portfolio as part of its commitment to offer nutrition and taste in snacks.

Ashtel stresses role as PL supplier

Ashtel Studios Inc., manufacturer of such brands as Brush Buddies, Soniclean and the Smart Care consumer product line, highlighted its role as a supplier of store brand products at the recent Private Label Manufacturers Association’s 2015 "World of Private Label" International Trade Show in Chicago.

Carmex teams up with Green Bay Packers

Carma Laboratories Inc. has unveiled a multi-year partnership between its Carmex lip care brand and the National Football League’s Green Bay Packers.

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