CAMP HILL, Pa. — The New York Stock Exchange (NYSE) has notified Rite Aid Corp. that it is no longer in compliance with continued listing standard rules because its stock price has fallen below the the exchange’s share price rule. The NYSE requires the average closing price of a listed company’s common stock to be
PURCHASE, N.Y. — Holiday sales increased 5.1% to $850 billion, according to the Mastercard SpendingPulse report, which characterized the season from November 1 through December 24 as retailers’ strongest holiday period in six years. “From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said Steve Sadove, senior adviser for Mastercard.
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. has announced three global leadership appointments. Vineet Mehra will be joining WBA as global chief marketing officer. He will be based at corporate headquarters in Deerfield and report to WBA co-chief operating officers Ornella Barra and Alex Gourlay. As global CMO, Mehra will be responsible for the visioning, leadership, strategic
WASHINGTON — President Trump has signed the Farm Bill, which had bipartisan support in Congress, into law. The signing of the $867 billion Farm Bill removes industrial hemp from a list of federally controlled substances. It also removes any federal regulations that had kept farmers from growing and selling hemp and allows them to collect crop
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Thursday reported first quarter double-digit earnings growth for fiscal 2019 that beat analysts’ expectations, while revenue fell short of forecasts. The retailer’s revenue was $33.79 billion. “We are pleased to have delivered double-digit percentage growth in earnings per share in the first quarter, including solid results in
CAMP HILL, Pa. — Rite Aid Corp. today reported operating results for its third fiscal quarter ended December 1. For the third quarter, the company reported net loss from continuing operations of $17.3 million, or $0.02 per share, Adjusted net income from continuing operations of $14.7 million, or $0.01 per share, and Adjusted EBITDA from
WASHINGTON — The Dennis family, including entrepreneur, investor and social impact innovator Richelieu Dennis, has facilitated the acquisition of Madam C.J. Walker’s 100-year-old estate — Villa Lewaro — outside New York City. Dennis, founder and chief executive officer of Sundial Brands, also founded the New Voices Foundation, which helps women of color entrepreneurs achieve their vision through
WAYNE, Pa. — The Emerson Group and MarketHub, the hemp retail category experts, announced on Wednesday a new partnership that offers retailers and their customers a seamless entry point into the burgeoning CBD industry.With this partnership, retailers will have access to the Emerson Group’s trusted leadership in sales, category management and logistics services, and MarketHub’s expertise
WASHINGTON— A federal judge on Tuesday “softened” his previous suggestion that he would likely order CVS Health to halt its integration of Aetna, according to various published reports. U.S. District Judge Richard Leon in recent weeks had voiced some concerns about the companies’ settlement with Justice Department antitrust enforcers that allowed the nearly $70 billion deal
TORONTO — Shoppers Drug Mart will open a pilot store, the Beauty Clinic by Shoppers Drug Mart, dedicated to cosmetic dermatology services, the company said on Wednesday. Overseen by skilled and experienced nurse practitioners, the new clinic combines the expertise and high standards customers expect from Shoppers Drug Mart, with comfort and discretion in a
NEW YORK — GlaxoSmithKline Plc and Pfizer Inc. have struck a deal to combine their consumer health care businesses, a move that will create the largest over-the-counter drug company in the world. GSK will have a 68% controlling stake in the new joint venture entity, while Pfizer will keep the remaining 32%. Combined sales of both
HACKETTSTOWN, N.J. — Fans will now have something else to look forward to on Super Bowl Sunday beside touchdowns and half time shows – a new commercial from M&M’s. The brand will be back on entertainment’s biggest stage with a new Super Bowl commercial this year following the success of last year’s spot, which was