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CNBC/NRF Retail Monitor: Sales grew in February

CNBC/NRF Retail Monitor: Sales grew in February

WASHINGTON – Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.Total retail sales, excluding automobiles and gasoline, were up 1.06% seasonally adjusted month over month and up 6.3%

Pharmacy advocates to gather for NACDS RxIMPACT Day

Pharmacy advocates to gather for NACDS RxIMPACT Day

WASHINGTON – More than 300 pharmacists, other pharmacy representatives, student pharmacists and faculty, state association allies and others — representing all 50 states — will convene in Washington, D.C., March 13-14, for the National Association of Chain Drug Stores (NACDS) RxIMPACT Day on Capitol Hill. The pharmacy advocates will urge Members of Congress to act

Circana report: private brands surge amidst inflation

Circana report: private brands surge amidst inflation

CHICAGO—Private brands have experienced growth in the face of inflation, according to a new report from Circana, with sales surpassing $217 billion. The report, “CPG Private Brands Update,” provides an update on the store brand landscape, and identifies retailer opportunities to increase demand for their own brand and private brand offerings. “Private brands are increasingly

Biden vows to cut costs of Rx drugs

Biden vows to cut costs of Rx drugs

WASHINGTON — President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications. The two proposals expand on actions taken in the 2022 Inflation

NACDS urges action in wake of cyberattack

NACDS urges action in wake of cyberattack

ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) has submitted a letter to the U.S. Department of Health and Human Services (HHS) and the Centers for Medicare and Medicaid Services (CMS) urging immediate action to “mitigate healthcare disruptions stemming from the recent cyberattack on Change Healthcare.” NACDS said, “Pharmacies remain fully committed

Merchants oppose delay of Fed action on swipe fees

Merchants oppose delay of Fed action on swipe fees

WASHINGTON – More than 60 national and state organizations representing consumers and merchants have called on Congress to reject legislation introduced by Rep. Blaine Luetkemeyer, R-Mo., that would delay the Federal Reserve’s proposal to reduce the regulated rate for debit card swipe fees. “Every day of further delay in the Fed’s consideration of its proposed

Kroger’s Q4 earnings beat expectations

Kroger’s Q4 earnings beat expectations

CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.8% in the quarter, while underlying identical sales without fuel increased 0.1%. The

Target to add paid membership program

Target to add paid membership program

MINNEAPOLIS—As part of a revamp of its customer loyalty program, Target is launching a new paid membership program called Target Circle 360. The program, set to launch on April 7, includes unlimited free same-day delivery for orders over $35 in as little as an hour with no delivery fees or markups, free two-day shipping, access

Rite Aid to divest most Health Dialog assets

Rite Aid to divest most Health Dialog assets

PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions. Health Dialog provides personalized population health solutions to improve the health of members while

Target’s earnings top expectations, but sales lag

Target’s earnings top expectations, but sales lag

MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said. Target reported that GAAP and adjusted earnings per share of $2.98 was 57.6% higher than last year, and well-above the high end of the expected range of