March 18, 2024 by MMR
National Retail Federation, NRF, Retail employment, retail jobs
Featured Articles, Leading Headlines, Retail News, Topics
WASHINGTON – The retail industry remains a major employer, according to a new report released by the National Retail Federation on Monday, which found that retailers supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment. The figures are up from 52 million jobs and 25% of total U.S.
March 14, 2024 by MMR
NACDS RxImpact Day
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WASHINGTON — Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass meaningful PBM reform as soon as possible. Wyden and Crapo, the chairman and ranking member of the Senate Finance Committee,
March 13, 2024 by MMR
Chairman and CEO Rick Dreiling, Dollar Tree, Dollar Tree closing nearly 1000 Family Dollar stores, Family Dollar, Jeff Davis
Featured Articles, Leading Headlines, Retail News
CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire.
March 11, 2024 by Jeffrey Woldt
Care Pharmacies chairman Mike Wysong, Chain Drug Review/MMR Video Forum, Mike Wysong, NACDS, NACDS chairman Mike Wysong, National Association of Chain Drug Stores, Video Forum
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Mike Wysong, the chief executive officer of CARE Pharmacies, tells this week’s Video Forum what his one-year term as NACDS chairman has taught him — about both the association and the industry. Wysong shares his views about the current state of the retail pharmacy business, as well as such important issues as PBM reform, expanding
March 8, 2024 by MMR
2022 Inflation Reduction Act, President Biden, State of the Union address
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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
March 7, 2024 by MMR
Aldi, ALDI CEO Jason Hart
Featured Articles, Leading Headlines, Retail News
BATAVIA, Ill. — ALDI, already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the country by the end of 2028. This ambitious five-year strategy involves opening new stores and converting existing ones, aiming to offer communities top-quality products at unbeatably low prices, at a time when
March 7, 2024 by MMR
2023 fourth quarter, fourth quarter, interim chief financial officer Todd Foley, Kroger CEO Rodney McMullen, Kroger Co.
Featured Articles, Leading Headlines, Money
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
March 6, 2024 by MMR
Brian Cornell, Target, Target chairman and CEO Brian Cornell, Target Circle
Featured Articles, Leading Headlines, Retail News
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
March 5, 2024 by MMR
Brian Cornell, fourth quarter, Q4, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Money, Retail News
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
March 4, 2024 by MMR
NACDS, PBMs, President Biden, the National Association of Chain Drug Stores (NACDS)
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WASHINGTON – The National Association of Chain Drug Stores (NACDS) said it continues to call for the immediate implementation of reforms to address the tactics of pharmaceutical benefit middlemen amid attempts by PBMs to stall Congressional action and perpetuate their harmful practices. An NACDS letter to President Biden applauds the Administration for holding a listening
March 4, 2024 by MMR
Inflation, National Retail Federation chief economist Jack Kleinhenz, The Federal Reserve
Featured Articles, Leading Headlines, Money, Retail News, Uncategorized
WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few
February 29, 2024 by MMR
Circana, FMI - The Food Industry Association, Mark Baum, Oliver Wyman, Randall Sargent, Sally Lyons Wyatt
Featured Articles, Leading Headlines, Retail News, Topics
ARLINGTON, VA – Food retailers and their partners can find new growth opportunities by addressing consumers’ expanding definitions of value, according to research from FMI – The Food Industry Association, Oliver Wyman and Circana. A study, Finding Growth for Food & Beverage at Retail: Winning Eating Occasions throughout the Day, offers a comprehensive examination of emerging trends and outlines