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LEADING HEADLINES

Target coming to Times Square

Target coming to Times Square

MINNEAPOLIS — Target plans to open a new small-format store in New York’s storied Times Square, the company said on Thursday. The store, projected to open by 2022, will be located on 42nd St between 7th and 8th Ave. The Times Square store will be

CVS says Aetna integration is on track

CVS says Aetna integration is on track

WOONSOCKET, R.I. — CVS Health announced on Thursday that it has successfully completed the first year of combined operations following the acquisition of Aetna in late 2018. The combined company has met or exceeded its first-year integration goals while introducing new, consumer-focused offerings as a

Dollar General beats expectations in quarter

Dollar General beats expectations in quarter

GOODLETTSVILLE, Tenn. — Dollar General Corp. reported a strong performance in the third quarter of fiscal 2019, as both earnings and sales exceeded Wall Street expectations. Net income for the quarter ended November 1 advanced 9.4% to $365.6 million, or $1.42 per diluted share, which

Kroger’s net income slips in Q3

Kroger’s net income slips in Q3

CINCINNATI — Both operating and net income tumbled by double digits during the third quarter at Kroger Co., while both sales and adjusted earnings fell short of analysts’ forecasts. As a result, the share price of the nation’s largest supermarket operator fell approximately 2% in

Thanksgiving weekend spending rises 16%

Thanksgiving weekend spending rises 16%

WASHINGTON — Americans shopped in record numbers over this year’s Thankgiving holiday weekend, the National Retail Federation said Tuesday. A survey conducted for the NRF by Prosper Insights & Analytics found that a record 189.6 million U.S. consumers shopped in stores and online from Thanksgiving

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RETAIL NEWS

Dollar Tree reports net sales gain for Q3

CHESAPEAKE, Va. — Dollar Tree on Tuesday reported net sales rose 3.7% to $5.75 billion in the third quarter and comparable-store sales increased 2.5%. But the retailer said higher costs associated with the U.S.-China trade war will add $19 million in costs in the current

Thanksgiving a ‘wonderful time’ for retailers

NEW YORK — Seventy-nine percent of consumers will shop for holiday gifts during the period between Thanksgiving and Cyber Monday, according to Deloitte LLP, which has dubbed the upcoming weekend “the most wonderful time of the year” for retailers. Shoppers are expected to spend an

Walgreens to open Medicare Service Centers

DEERFIELD, Ill. — Walgreens will open 14 UnitedHealthcare Medicare services centers in stores in five metropolitan areas as part of a multiyear agreement. “We are expanding access to UnitedHealthcare Medicare resources to better serve our members, providing them with all the valuable benefits they have

Ahold Delhaize pilots ‘frictionless store’ concept

QUINCY, Mass. – Ahold Delhaize USA’s Retail Business Services unit is testing new frictionless store technology called lunchbox that is designed to let people shop a small format store in just seconds by scanning in, shopping, and walking out. The technology is currently being tested

Albertsons Cos. names exec VP, chief customer and digital officer

BOISE, Idaho — Albertsons Cos. has named Chris Rupp executive vice president and chief customer and digital officer, effective December 3. Rupp joins Albertsons Cos. from Microsoft Corp., where she most recently served as general manager of the company’s Xbox Business Engineering team. Rupp will

SUPPLIER NEWS

PepsiCo to acquire BFY Brands

PURCHASE, N.Y. — PepsiCo Inc. has entered into a definitive agreement to acquire BFY Brands, the maker of PopCorners snacks, expanding its better-for-you portfolio and production capabilities. Upon closing, BFY Brands will report to PepsiCo’s Frito-Lay North America division. “BFY Brands offers distinctive products that

Nature’s Truth rolls out TRU-ID testing on herbal supplements

RONKONKOMA, N.Y. — Nature’s Truth said Tuesday that it has begun DNA testing its herbal supplements. By partnering with TRU-ID to verify the botanical ingredients used in its products, the company said, Nature’s Truth is able to ensure that they meet the highest quality standards.

E. & J. Gallo Winery buys Napa Valley’s Pahlmeyer

MODESTO, Calif. — E. & J. Gallo Winery announced Tuesday that it has purchased Pahlmeyer Winery, which includes Pahlmeyer and Jayson by Pahlmeyer, two Napa Valley luxury brands known for producing iconic Bordeaux-style wines.  Pahlmeyer wines have received notable acclaim since the 1980s, garnering numerous

Coty acquires stake in Kylie Jenner’s beauty brands

NEW YORK — Coty Inc. has acquired a 51% stake in Kylie Jenner’s beauty brands, Kylie Cosmetics and Kylie Skin for $600 million. According to the companies, the deal will result in a long-term strategic partnership that aims to  develop Jenner’s existing beauty business into

Piping Rock honored as a top workplace

RONKONKOMA, N.Y. — Piping Rock Health Products LLC., the makers of the Nature’s Truth line of vitamins and supplements, has been honored by Newsday as one of the top workplaces on New York’s Long Island. Piping Rock Health Products, a family owned company, moved up