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Retail News Breaks Archives

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Week of Mon, Feb 3rd, 2014

CVS to stop selling tobacco products

CVS Caremark Corp. will halt all sales of cigarettes and other tobacco products through its CVS/pharmacy outlets nationwide by October 1. The action makes CVS/pharmacy the first national drug chain to take this step.

Walmart lowers outlook; Amazon warns on Q1

Continued top-line weakness at Walmart U.S. and surprising sales deceleration at Sam’s Club, combined with a handful of special charges related to the International Division have prompted Walmart management to lower its sights for fourth quarter and full-year earnings and comparable-store sales.

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