March 12, 2024 by MMR
CNBC/NRF Retail Monitor, National Retail Federation
Leading Headlines, Retail News
WASHINGTON – Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.Total retail sales, excluding automobiles and gasoline, were up 1.06% seasonally adjusted month over month and up 6.3%
March 12, 2024 by MMR
NACDS, NACDS RxImpact Day, PBM reforms, pharmacy benefit manager (PBM) reforms in Medicare and Medicaid
Leading Headlines, Retail News, Topics
WASHINGTON – More than 300 pharmacists, other pharmacy representatives, student pharmacists and faculty, state association allies and others — representing all 50 states — will convene in Washington, D.C., March 13-14, for the National Association of Chain Drug Stores (NACDS) RxIMPACT Day on Capitol Hill. The pharmacy advocates will urge Members of Congress to act
March 8, 2024 by MMR
Circana, CPG Private Brands Update, private brands
Leading Headlines, Retail News, Supplier News
CHICAGO—Private brands have experienced growth in the face of inflation, according to a new report from Circana, with sales surpassing $217 billion. The report, “CPG Private Brands Update,” provides an update on the store brand landscape, and identifies retailer opportunities to increase demand for their own brand and private brand offerings. “Private brands are increasingly
March 8, 2024 by MMR
2022 Inflation Reduction Act, President Biden, State of the Union address
Featured Articles, Leading Headlines, Retail News, Topics
WASHINGTON — President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications. The two proposals expand on actions taken in the 2022 Inflation
March 8, 2024 by MMR
Costco, second quarter
Leading Headlines, Money, Retail News
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $57.33 billion for the second quarter of its 2024 fiscal year, an increase of 5.7% from the $54.24 billion posted in the same quarter last year. Net sales for the first 24 weeks increased 5.9%, to $114.05 billion, from $107.68 billion last year. The company
March 7, 2024 by MMR
Change Healthcare, cyberattack, NACDS, National Association of Chain Drug Stores
Leading Headlines, Retail News, Topics
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) has submitted a letter to the U.S. Department of Health and Human Services (HHS) and the Centers for Medicare and Medicaid Services (CMS) urging immediate action to “mitigate healthcare disruptions stemming from the recent cyberattack on Change Healthcare.” NACDS said, “Pharmacies remain fully committed
March 7, 2024 by MMR
debit card swipe fees, Merchants Payments Coalition
Leading Headlines, Retail News, Topics
WASHINGTON – More than 60 national and state organizations representing consumers and merchants have called on Congress to reject legislation introduced by Rep. Blaine Luetkemeyer, R-Mo., that would delay the Federal Reserve’s proposal to reduce the regulated rate for debit card swipe fees. “Every day of further delay in the Fed’s consideration of its proposed
March 7, 2024 by MMR
Aldi, ALDI CEO Jason Hart
Featured Articles, Leading Headlines, Retail News
BATAVIA, Ill. — ALDI, already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the country by the end of 2028. This ambitious five-year strategy involves opening new stores and converting existing ones, aiming to offer communities top-quality products at unbeatably low prices, at a time when
March 7, 2024 by MMR
2023 fourth quarter, fourth quarter, interim chief financial officer Todd Foley, Kroger CEO Rodney McMullen, Kroger Co.
Featured Articles, Leading Headlines, Money
CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.8% in the quarter, while underlying identical sales without fuel increased 0.1%. The
March 6, 2024 by MMR
Brian Cornell, Target, Target chairman and CEO Brian Cornell, Target Circle
Featured Articles, Leading Headlines, Retail News
MINNEAPOLIS—As part of a revamp of its customer loyalty program, Target is launching a new paid membership program called Target Circle 360. The program, set to launch on April 7, includes unlimited free same-day delivery for orders over $35 in as little as an hour with no delivery fees or markups, free two-day shipping, access
March 6, 2024 by smeyer and MMR
Elixir Solutions, Health Dialog, Rite Aid
Leading Headlines, Retail News
PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions. Health Dialog provides personalized population health solutions to improve the health of members while
March 5, 2024 by MMR
Brian Cornell, fourth quarter, Q4, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Money, Retail News
MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said. Target reported that GAAP and adjusted earnings per share of $2.98 was 57.6% higher than last year, and well-above the high end of the expected range of