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Inside This Issue - News

CVS raises outlook

Early results in 2012 show CVS Caremark Corp. reaping more benefit than expected from the dispute between rival Walgreen Co. and Express Scripts Inc. Consequently, CVS management has increased its earnings guidance for the first quarter and full 2012 fiscal year.

On balance, January is good to mass retailers

Mass market retailers experienced varied fortunes during January, as big chains generally fared better than regional players. Unseasonably warm weather during the month was the scapegoat not only for apparel retailers but for regional discount chains as well.

McKesson to buy two Katz businesses

Katz Group Canada has agreed to sell its Drug Trading Co. and Medicine Shoppe Canada to McKesson Corp. for $920 million (Canadian).

H-E-B makes a big bet on Austin, Texas

H-E-B has brought its Hispanic-oriented Mi Tienda format to Texas’ state capital as part of a $100 million commitment to the market.

Target knows urban shoppers

When Target Corp. unveils its new CityTarget format later this year the stores will undoubtedly benefit from the wealth of experience and insight that Target has gained from its stores in such major urban markets as New York; Washington, D.C.; and Chicago.

Walmart China gets new leader

Walmart has named former Woolworths Ltd. executive Greg Foran to head its business in China.

Supervalu to cut 800 employees

Supervalu Inc. has unveiled a plan to reduce its national workforce by an estimated 800 positions.

Shoppers are high on Costco

Shoppers across the country rated Costco Wholesale Corp. as offering the most pleasant shopping experience, a Consumer Reports survey in the magazine’s March issue finds.