BOISE, Idaho — Albertsons Cos. reported net earnings of $375.5 million, or 20 cents a share, for the fiscal third quarter ended December 3. That’s down from $424.5 million, or 74 cents a share, in the prior-year period. Adjusted net income was $505 million, or 87 cents per share, which beat the 66 cents FactSet
NEW YORK — The eighth annual NRF Foundation Honors event was held at the New York Marriott Marquis earlier this month to recognize the outstanding leadership of retail executives, award student scholarships and highlight retail as an industry of opportunity. The event raised nearly $3 million to fund the NRF Foundation’s career development programs and
BENTONVILLE, Ark. — Walmart is expanding its Fleet Development pilot program to allow more associates the opportunity to become truck drivers for the retailer. According to a blog post by Fernando Cortes, senior vice president of transportation for Walmart, the launch of the retailer’s Fleet Development program last year gave supply chain associates in selected
JACKSONVILLE, Fla. — Acosta, a national sales and marketing services provider, has identified several opportunities and challenges for brands and retailers as they navigate a dynamic and uncertain consumer marketplace in the coming year. “The economic challenges of the past year will continue to impact consumer behavior in 2023, providing overarching context for what shoppers
NEW YORK — CVS Health and Walmart said they will be reducing pharmacy hours to address the ongoing pharmacist shortage, The Wall Street Journal reported Friday. CVS plans to cut or shift operating hours at about two-thirds of its 9,000-strong U.S. network in March, while Walmart intends to close most of its nearly 4,600 stores two
GRAND RAPIDS, Mich. — Supercenter pioneer Meijer opened its first two Meijer Grocery stores in the Detroit metro area on Thursday, introducing a more streamlined, food-focused shopping experience to customers in communities where there is no room for a full-sized Meijer store. “As a company, we’ve opened more than 500 supercenters, neighborhood markets and Meijer
SALISBURY, N.C. — Food Lion and Novant Health are collaborating to launch a food pharmacy pilot program at Novant Health New Hanover Regional Medical Center in Wilmington, NC. A leading omnichannel retailer serving towns and cities across 10 states, Food Lion is committed to nourishing neighbors and families, setting them up for success in life.
WOONSOCKET, R.I. —CVS Health announced a new initiative that will address barriers to care in underserved communities across the country. The CVS Health Community Equity Alliance is being established to expand the community health worker workforce, enhance connections between health care institutions and communities and address disparities in heart health and mental health outcomes. The Alliance
BENTONVILLE, Ark. — Buoyed by record membership growth, Sam’s Club on Thursday announced plans to open more than 30 new clubs across the country, starting with a unit in Florida that is slated to open next year. The Walmart division also revealed a multiple-year plan to invest in and modernize its supply chain through new
ST. PETERSBURG, Fla. – During the final quarter of 2022, even as the U.S. grappled with a “tripledemic” of flu, RSV and COVID-19, unit sales of vitamins and health supplements declined over the prior year while average unit prices rose, according to shopper intelligence leader Catalina. A clear exception was Herbal Immune Supplements, unit sales of
CHICAGO — The focus on health and wellness evolved throughout the pandemic as consumers began seeking coping mechanisms for their altered lifestyles. The consumer’s need for normalcy at the height of the pandemic was the entry for a mental and physical health focus, reports The NPD Group. Compared to the pre-pandemic period, more consumers say
WASHINGTON – Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record, according to the annual survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. “Valentine’s Day is a special occasion to shop for