DEERFIELD, Ill. — Increased demand for COVID-19 tests and vaccines, driven by the Omicron variant’s surge, helped Walgreens Boots Alliance’s (WBA’s) second quarter results beat Wall Street’s forecasts. WBA reported adjusted earnings of $1.59 per share in the three months ended February 28. Revenue rose 3% from the year-ago period to $33.76 billion. Analysts’ consensus
BENTONVILLE, Ark. — Walmart is introducing its Walmart Health centers to Florida, with five of the in-store clinics set to open over a four-week period in the Jacksonville, Orlando and Tampa metro areas. Walmart first introduced the health care model two years ago, with clinics inside or adjacent to remodeled Supercenters, offering primary and urgent
MODESTO, Calif. — Former Albertsons Cos. executive Shane Sampson was named this month as executive chairman of regional supermarket operator Save Mart Cos., which has 204 stores in Northern California and Nevada. The appointment was announced a week after Save Mart was acquired by a Los Angeles-based private investment group, Kingswood Capital Management LP. Save
ORLANDO, Fla. — FMI – the Food Industry Association, recognized six executives with leadership awards at its recent Midwinter Executive Conference here. The industry leaders honored were Neal Berube of Associated Food Stores, Jonathan Mayes of Albertsons Cos., Steve Cahillane of Kellogg Co., Mike Stone of Mollie Stone’s Markets, Todd Schnuck of Schnuck Markets Inc.
ROCHESTER, N.Y. — Wegmans announced last week that it will eliminate plastic bags companywide by the end of 2022. With this decision, the company’s goal is to shift all customers to reusable bags, the best option to solve the environmental challenge of single-use grocery bags. “We understand shoppers are accustomed to receiving plastic bags at checkout and
WEST DES MOINES, Iowa – Hy-Vee Inc. will host an event intended to provide food to Ukrainians under siege by Russian soldiers. The regional supermarket chain on April 26 is hosting “Unite for Ukraine” to support Iowans’ efforts to provide meals for some of the Ukrainians under assault from Russia’s military. Hy-Vee is donating $50,000
PHILADELPHIA — Rite Aid issued a statement Thursday on personnel moves that were made this week. “As part of our ongoing efforts to reduce costs and streamline operations, we have restructured our senior and corporate leadership teams, eliminating certain positions. As part of these changes, Erik Keptner, SVP, chief marketing and merchandising officer, and Bill
LOS ANGELES — The SeraLabs Inc. announced distribution deals that are putting some of its innovative skin care products on the shelves of some of the nation’s largest retail chains. SeraLabs said its Seratopical Revolution skin care line will be sold at select Walmart stores, as well as CVS, and Bed Bath & Beyond stores.
PHILADELPHIA — Rite Aid Thursday reported fourth quarter revenue that topped Wall Street’s forecast. The company posted revenue of $6.065 billion for the period ended February 26, up 2.5 percent from $5.917 billion in the year-ago quarter and far greater than the FactSet consensus of $5.470 billion. The gain was driven by retail segment growth,
ST. LOUIS — The discount grocery retailer Save A Lot has appointed Trey Johnson as its new chief merchandising officer. He will report directly to chief executive officer Leon Bergmann. Johnson brings more than 30 years of experience to his new role, working with prominent brands and organizations including Albertsons, Big Lots, Family Dollar, Jewel
BOISE, Idaho — Albertsons Cos. reported net sales and other revenue of $17.4 billion for the fourth quarter, up from $15.8 billion during the comparable 12-week period last year. The increase was driven by the company’s 7.5% increase in identical sales and higher fuel sales, with retail price inflation contributing to the identical sales increase.
BENTONVILLE, Ark. — Walmart has named John Rainey executive vice president and chief financial officer (CFO), effective June 6. Rainey will succeed Brett Biggs, who announced last year that he planned to step down after 22 years with Walmart. Biggs will support the transition to Rainey over the coming months, remaining in the CFO role