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Walmart+ adds Paramount+ as member benefit

Walmart+ adds Paramount+ as member benefit

BENTONVILLE, Ark. — Amazon Prime offers a streaming TV service as one of the perks of membership. Soon Walmart+ members will get one too. Beginning in September, Walmart+ members will be able to stream premium entertainment through access to the Paramount+ Essential Plan, which includes access to a wide range of content including such original dramas

Min Cho to join Walgreens in new role

Min Cho to join Walgreens in new role

DEERFIELD, Ill. — Walgreens has hired Min Cho to serve as chief format concepts and design officer, the company said on Monday. He will report to Tracey Brown, the retailer’s chief customer officer. In this newly created role and function, Cho will focus on new innovative store design and architecture, which the company says is

Walmart cuts jobs at headquarters

BENTONVILLE, Ark. — Walmart has cut about 200 jobs at its corporate headquarters in what a spokesperson characterized as a way to “better position the company for a strong future.” The layoffs, first reported by The Wall Street Journal, came just a week after Walmart revised its profit outlook for its second quarter and fiscal

Amazon buys primary care provider

SEATTLE — Amazon last month announced a deal to acquire One Medical, a publicly traded primary care company. San Francisco-based One Medical operates on a membership model. Its services are an employee benefit at 8,500 companies. Individuals can purchase a yearly membership for $199, allowing them to access One Medical’s virtual care and same-day appointments

Economic indicators are favorable, but consumers are pessimistic

NEW YORK — The economy is showing unexpected signs of strength as consumers continue spending despite concerns about inflation, while the Department of Labor jobs report for July shows the economy added half a million jobs last month. Despite those trends, consumers continue to express pessimism. Employment growth far exceeded expectations and effectively recouped the

CVS surpasses second quarter expectations

WOONSOCKET, R.I. — CVS Health easily beat analysts’ projections for second quarter sales and earnings, and raised its full-year profit outlook. The company posted adjusted earnings per share of $2.40, topping Wall Street’s average forecast of $2.17. Net income was $2.96 billion, or $2.23 per share, up from $2.79 billion, or $2.10 per share, a

Kroger adds to delivery network

CINCINNATI — Kroger continues to extend its grocery delivery network rapidly, most recently via the openings of a new “spoke” in Louisville, Ky., and a customer fulfillment center (CFC) in Dallas. Kroger describes the 50,000-square-foot spoke as “a last-mile, cross-dock” operation that features technology from U.K.-based partner Ocado Group PLC. The spoke allows Kroger to

U.S. online retail sales projected to top $1 trillion in 2022

WASHINGTON — The Retail & Consumer Products practice at FTI Consulting projects U.S. online retail sales will reach $1.07 trillion in 2022 despite increasing concerns among shoppers about the condition of the economy and personal finances. The milestone, which FTI Consulting projected prior to the COVID-19 pandemic would be reached in 2025, is an increase

Ahold Delhaize posts Q2 gains

Ahold Delhaize posts Q2 gains

ZAANDAM, the Netherlands – Ahold Delhaize said sales and profits increased in its second quarter as its stores in Europe and the United States gained market share. President and CEO Frans Muller said the financial results confirm the strength and breadth of Ahold Delhaize’s brand portfolio. “Our brands’ unparalleled understanding of customers, broad assortments and

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