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Retail News Breaks Archives

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Week of Mon, Aug 4th, 2014

Walgreens, Boots move forward on partnership

Walgreen Co. and Alliance Boots GmbH are proceeding with the next step in their strategic partnership by forming a new holding company — based in the United States — in line with their vision to create the first global pharmacy-led, health and well-being enterprise.

Dollar General mulls Family Dollar bid

Dollar General Corp. is belatedly weighing a bid for Family Dollar Stores Inc., according to Bloomberg News. 

CVS Caremark tops expectations in second quarter

Both net revenue and profit grew by double digits at CVS Caremark Corp. during the second quarter, beating analysts' projections and leading the company to raise its earnings forecast for the full year.

Target discloses second quarter expenses

Target Corp. said on Tuesday that its second quarter financial results are expected to include gross expenses of $148 million, partially offset by a $38 million insurance receivable, related to the December 2013 data breach.

Walgreens appoints new chief financial officer

Timothy McLevish has been named executive vice president and chief financial officer at Walgreen Co., taking over from Wade Miquelon, who left to pursue other opportunities.