NEW YORK – The Private Label Manufacturers Association has canceled its Chicago trade show, which had been scheduled for January 30 to February 1, due to business travel restrictions related to COVID-19. This is the second cancellation of the show, which was originally slated for November. “This action was taken for a number of reasons,
WOONSOCKET, R.I. — CVS Health announced on Monday that it will invest $11.6 million with Boston Financial Investment Management to provide 171 units of much-needed permanent supportive housing in Austin, Texas. This investment is part of CVS Health’s commitment to address racial inequity and social determinants of health in underserved communities. “When people have access to
WEST DES MOINES, Iowa — Three Hy-Vee executives have been promoted to new roles, the company announced on Friday. Jeremy Gosch has been named president and chief operating officer, Aaron Wiese has been promoted to vice chairman and president of Hy-Vee supply chain/subsidiaries, and Andy Schreiner has been named senior vice president, chief financial officer
WASHINGTON — Nearly 180 million Americans shopped during the five-day period from Thanksgiving Day through Cyber Monday, according to by the National Retail Federation (NRF) and Prosper Insights & Analytics. In total, 179.8 million unique shoppers made in-store and online purchases during the holiday weekend, exceeding NRF’s initial expectations by over 21 million. The figure
GOODLETTSVILLE, Tenn. — Dollar General, which last month opened its 18,000th store, is tapping new avenues of growth. The retailer said it will expand internationally for the first time, opening 10 stores in Mexico during fiscal 2022. Dollar General also said it plans to have 1,000 pOpshelf stores in operation by the end of fiscal
WOONSOCKET, R.I. — CVS Health said its sales will accelerate in the year ahead as it advances its reinvention as a multifaceted health care business. The announcement came during CVS’ investor day event, which presented company leaders with an opportunity to articulate how investment in high-growth areas of the business and the introduction of new
WASHINGTON — Prices of consumer goods in November were up 6.8% from a year earlier, the highest increase since 1982. The Labor Department also reported that prices climbed 0.8% from October to November — a significant rise, though less than the 0.9% increase a month earlier. Inflation has been hitting Americans hard, particularly lower-income households
CINCINNATI — Kroger posted sales gains in the third quarter and raised its outlook for the year. Identical-store sales (excluding fuel) increased 3.1% compared to the prior-year quarter, and were up 14% on a two-year stacked basis. The two-year stack for digital sales increased 103%. Total company sales were $31.9 billion in the third quarter,
ISSAQUAH, Wash. — Costco Wholesale Corp. reported strong results for the first quarter of fiscal 2022, with sales and earnings that beat analysts’ expectations. Net sales for the first quarter, which ended on November 21, increased 16.7% to $49.42 billion, up from $42.35 billion in the same quarter last year. Net income for the quarter
CHESAPEAKE, Va. — Dollar Tree Inc., which has long sold everything at its namesake stores at the single price point of $1 per item, is now planning to roll out a higher price point. The announcement came as the retailer reported third quarter results that were in line with Wall Street’s expectations. Dollar Tree’s consolidated
PHILADELPHIA — As part of GIANT Co.’s commitment to making a difference in the local communities it serves, the chain has opened the first two of three new Philadelphia stores this month. The third store, GIANT Heirloom Market in the Fashion District, is due to open December 16. The first store opened at Columbus Boulevard
CLEVELAND — A federal jury last month found that pharmacies operated by CVS Health, Walgreens and Walmart contributed to the opioid epidemic in two Ohio counties, which had sued the retailers in 2018. Thousands of other lawsuits have been filed by state, county and local governments across the country charging that pharmacies were partly to