ALEXANDRIA, Va. — The National Community Pharmacists Association and the National Association of Chain Drug Stores issued the following statement Thursday after a final drug pricing rule was released and failed to reform pharmacy direct and indirect remuneration fees, or pharmacy DIR: “We are disappointed and frustrated that this final rule fails to finalize pharmacy
BENTONVILLE, Ark. — Walmart on Thursday reported first quarter net income of $3.84 billion as revenue rose 1% to $123.9 billion. U.S. same-store sales increased 3.4% in the 13 weeks ended April 30. That was the best performance by that metric in nine years, the company said. Net sales in the United States increased 3.3%.
MEMPHIS — Fred’s Inc. announced Thursday it is closing 104 underperforming stores as part of an “ongoing effort to rationalize its store footprint.” The new round of closings comes five weeks after the Memphis-based company started “going out of business” liquidation sales at 159 stores and follows an evaluation of store performance and timing of lease
WOONSOCKET, R.I. — CVS Pharmacy on Wednesday announced the launch of Tested to Be Trusted, a program requiring third-party testing of all vitamins and supplements sold in-store and online to confirm the accuracy of the dietary ingredients listed on the supplement facts panel and to confirm that products are free from certain additives and ingredients.
WASHINGTON – The National Retail Federation has warned that the Trump administration’s imposition of additional tariffs on Chinese goods puts the U.S. economy and American jobs at risk. “We support the administration’s efforts to deliver a meaningful trade agreement that levels the playing field for American businesses and workers,” NRF president and CEO Matthew Shay.
BENTONVILLE, Ark. — Walmart will begin offering free next-day delivery in select markets this week, with more markets to be added later this year. The move will raise the stakes in its battle with online retailer Amazon.com, which said earlier this month that next-day shipping will soon become standard for members of its Prime membership
HAMBURG, Germany — Beiersdorf said Monday it has entered into a definitive agreement to buy the Coppertone business from Bayer for a purchase price of $550 million. Coppertone generated sales of $213 million in 2018. Through the acquisition of Coppertone, Beiersdorf is entering a major international sun care market and strengthening its presence in North
BENTONVILLE, Ark. — Walmart has transitioned two merchandising executives to new roles. Annie Walker has been named the new vice president of merchandising operations, apparel, for Walmart U.S. She will report to Kevin Pate. Julie Barber will take over as the new vice president and divisional merchandise manager of O-T-C merchandising, reporting to Latriece Watkins. “We
MOORESTOWN, N.J. — Dr. Canuso and her Skincare for Feet line recently announced her entire product line is now available on QVC. The foot care company hosted a launch party April 11th to debut the new partnership. “Americans love and trust QVC, and we are honored to be one of the brands that they can
SHELTON, Conn. — Edgewell Personal Care Co. and Harry’s Inc. have entered into a definitive agreement in which Edgewell will combine with Harry’s in a cash and stock transaction that values Harry’s at $1.37 billion. According to the companies, the combination of Edgewell and Harry’s brings together complementary capabilities to create a next-generation consumer products
NEW YORK — Mass Market Retailers presented its 2018 Retailer of the Year awards Wednesday night in New York City. The event drew retailer and supplier executives from across the food, drug and mass channels. Target Corp. was honored as MMR‘s 2018 Retailer of the Year. The award was given in recognition of the work
CHICAGO — IRI, a global leader in innovative solutions and services for consumer, retail and media companies, announced Wednesday the release of its 2018 New Product Pacesetters, its 23rd annual report, highlighting the most successful new product launches across food and beverage, non-food and convenience store sectors. Smaller companies continue to dominate the list, and the most successful products