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Kroger’s earnings, sales beat analyst expectations

Kroger’s earnings, sales beat analyst expectations

CINCINNATI — Kroger Co. posted a $2 billion profit in its first quarter, largely on a windfall from the sale of its convenience stores. On the operations side of the business, online sales jumped 66% as overall sales rose 3.4% to $37.5 billion. Comparable-store sales increased 1.4% in the period ended May 26. Kroger raised

Sundial names Kimberly Paige to new operations post

Sundial names Kimberly Paige to new operations post

AMITYVILLE, N.Y. — Sundial Brands has named Kimberly Evans Paige to the newly-created position of chief operating and brand-building officer. She will report to founder, chief executive officer and executive chairman Richelieu Dennis. She will work with Dennis and the executive team on the company’s strategic direction and will help develop a plan for continued growth,

Kroger partners with Ocado in e-commerce deal

Kroger partners with Ocado in e-commerce deal

CINCINNATI — Answering Amazon.com’s encroachment on the retail food business, Kroger Co.  has inked a deal with online British supermarket Ocado to accelerate the American grocer’s e-commerce offering. The alliance will mark the U.S. debut of the technology underpinnings of the Ocado Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities. As

GMDC names Tom Duffy VP of member development

GMDC names Tom Duffy VP of member development

COLORADO SPRINGS, Colo. — Industry veteran Tom Duffy has been named vice president of member development at the Global Market Development Center (GMDC).  He will focus primarily on expanding the association’s reach within the retail and consumer product industry in order to create the best global network of those in the health, beauty, wellness and general

The Emerson Group announces Canadian expansion

WAYNE, Pa. – The Emerson Group has executed an agreement to merge the operations of McCaughey Consumer Products (MCP) allowing the combined operations to offer a North American Retail Solution to manufactures in the Health & Wellness space. Emerson Canada will provide manufacturers with a turnkey sales, logistics and marketing solution for brands distributed across

Report: Former Lilly CFO to head CVS Caremark

Report: Former Lilly CFO to head CVS Caremark

NEW YORK — CVS Health reportedly has named former Eli Lilly and Co. chief financial officer Derica Rice to lead its CVS Caremark pharmacy benefit management unit. Plans call for Rice to take the helm at CVS Caremark on March 30, according to The Wall Street Journal, which cited an internal CVS memo. CVS Health

Cigna to buy Express Scripts for $67 billion

Cigna to buy Express Scripts for $67 billion

BLOOMFIELD, Conn. — Continuing cross-segment consolidation in the health care arena, health insurer Cigna Corp. plans to acquire pharmacy benefits manager Express Scripts in a $67 billion cash and stock deal. The companies said Thursday that, under the Cigna-Express Scripts merger agreement, Cigna will pay Express Scripts shareholders $48.75 in cash and 0.2434 shares of stock

Loblaw sales, earnings slip in fourth quarter

Loblaw sales, earnings slip in fourth quarter

BRAMPTON, Ontario —Loblaw Cos. reported that its overall retail sales for the fourth quarter fell 1.2% to $10.72 billion (all figures Canadian), down from $10.85 billion a year earlier. Excluding the consolidation of franchises, retail sales were down 2% year over year, the company said. Food retail sales came in at $7.55 billion in the quarter ended

Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and