CVS Health is entering a new market segment with a $12.7 billion deal to acquire Omnicare, a provider of pharmacy services to long-term care facilities.
Target Corp. said Wednesday that its first quarter profit rose 52% on a revenue increase of 3% to $17.1 billion. The company said it earned $1.10 per share in the period, up from 70 cents a share a year ago.
Bi-Lo Holdings LLC, the parent company of the BI-LO, Harveys and Winn-Dixie supermarket chains, has changed its name to Southeastern Grocers.
Walmart said Tuesday that same-store sales at its U.S. stores rose by 1.1% in the fiscal first quarter but profit fell due to the strength of the dollar and the cost of investments in higher wages and the retailer’s e-commerce platform.
The Global Market Development Center (GMDC) is holding its general merchandise conference May 28 to June 1. The event will give retail decision makers and suppliers the chance to exchange sales ideas during 10 to 20 minute in-person pre-scheduled and impromptu meetings or "speed-dates."
Mark Panzer is stepping down as president and chief executive officer of Pharmaca Integrative Pharmacy to become senior vice president of pharmacy, health and wellness at AB Acquisition LLC, the parent company of food and drug chains Albertsons and Safeway.
Delhaize Group of Belgium and Netherlands-based supermarket operator Ahold acknowledged Tuesday that they are in talks about a merger that would unite Delhaize’s Food Lion and Hannaford grocery store chains with Ahold’s Stop & Shop, Giant Food, Giant and Martin’s Food Market chains in the United States, creating the nation’s fifth-largest food retailer.
More Retail News Breaks >>