ALEXANDRIA, Va. — The National Association of Chain Drug Stores is standing up for retail pharmacies and seniors in formal comments to the Centers for Medicare and Medicaid Services (CMS) on proposed Medicare rules for 2024. The message: Finish the job on DIR (direct and indirect remuneration) fee reform. In comments submitted earlier this month,
CHICAGO — Americans have an exaggerated perception of food retailers’ profit margins and overestimate the impact of inflation on grocery prices, according to a new report. According to the latest dunnhumby Consumer Trends Tracker, U.S. consumers think the net profit margin for grocery retailers is 35.2%, or 14 times higher than the 2.5% margin actually
WASHINGTON — The Merchants Payment Coalition (MPC) has sent a letter to a U.S. House committee urging passage of the Credit Card Competition Act as a way of limiting Chinese involvement in industry groups that set security standards governing U.S. credit and debit card networks. The letter to members of the Financial Services Committee was
GOODLETTSVILLE, Tenn. — Dollar General posted a 5.7% increase in same-store sales for the fourth quarter, according to preliminary results reported on Thursday. That is below the company’s previous expectation of an increase of about 6% to 7%. The company now expects diluted earnings per share for the fourth quarter in the range of $2.91
MINNEAPOLIS — Target plans to invest $100 million to expand its next-day delivery infrastructure, including by adding new sortation centers that make its store-as-hub delivery model more efficient. “The stores-as-hub model is really centered around this assumption that we can use the store in a guest’s local community to fill all their needs,” explains Sara
SEATTLE — Amazon has completed its $3.9 billion acquisition of the primary care provider One Medical, the two companies said on Wednesday. The deal, announced last July, is part of Amazon’s effort to expand its presence in the healthcare business, where the company sees opportunities to grow by remaking the customer experience. “We’re on a
BENTONVILLE, Ark. — Walmart cited broad-based strength across its global segments in posting revenue growth of 7.3% in its fiscal year ended January 31. The company posted fiscal 2023 net income of nearly $11.7 billion, down 14.6% compared with the previous fiscal year. For the current year, through January 2024, Walmart is forecasting a same-store
PRINCETON JUNCTION, N.J. – The Market Performance Group announces the passing of Rhonda Johnson after a brief battle with metastatic melanoma. Rhonda was a respected and dynamic consumer packaged goods (CPG) and healthcare leader who held senior executive positions with companies that include Market Performance Group (MPG), Merck Consumer Care, McNeil Nutritionals and Johnson &
NEW YORK — Product of the Year USA has announced its winners for its 2023 Product of the Year Awards across 36 categories. Each of the Product of the Year winners are determined through a national poll of 40,000 American shoppers conducted in partnership with Kantar, a global leader in consumer research. A globally established
SAN FRANCISCO – Coffee, Candy, and Mushrooms were top-of-mind among retail buyers last year, as they were the most-used keyword searches on RangeMe, according to the latest Retail Recap 2022 report. The report highlights trends among the activity of U.S. and international buyers on the product discovery platform, including keyword and certification searches, most visited
ARLINGTON, Va. – The NACDS Foundation Dinner is making a major move to the NACDS Total Store Expo – a venue that will expand its reach and its ability to support public health initiatives. In 2023 – in its 25th Anniversary year – the NACDS Foundation Dinner will be held during the NACDS Total Store
ZAANDAM, the Netherlands – Ahold Delhaize reported a 9.2% increase in net sales at its U.S. operations in the fourth quarter of 2022. Comparable-store sales were up 9.3% at U.S. banners Food Lion, Stop & Shop, The Giant Co., Giant Food, Hannaford and FreshDirect. Online sales in the United States increased 17.3% in constant currency