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Issue 11-15-2021

Kroger adds program to ‘boost’ e-commerce

CINCINNATI — Kroger Co. is the latest major retailer to introduce a subscription membership program to accelerate its e-commerce growth. The nation’s largest supermarket operator has joined a growing number of mass market retailers in adopting the model pioneered by Amazon with its Amazon Prime premium loyalty program. The Kroger effort, appropriately dubbed Boost by

Integrated health care company is aim for WBA

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) unveiled an ambitious plan to reinvent itself as an integrated health care company. A clearer focus on health care will serve as the drug store chain’s “new growth engine,” chief executive officer Roz Brewer said last month in introducing the plan. “The pandemic further affirmed the timing is

CVS’ Q3 sales and earnings surpass forecasts

WOONSOCKET, R.I. — Both sales and adjusted earnings exceeded Wall Street’s expectations during the third quarter at CVS Health, buoyed by an increase in store traffic that was driven by prescription growth and COVID-19 vaccinations. As a result, management once again raised its full-year guidance. Reported, or GAAP, net income for the three months ended

For GMDC, the end Is coming

COLORADO SPRINGS, Colo. — GMDC|Retail Tomorrow plans to dissolve as a member-owned nonprofit at the end of this year. The decision, made by the trade group’s board, was scheduled to be voted on by members on November 12. “This news is disappointing to many, but we recognize our industry has changed significantly,” GMDC president and

Holiday sales expected to set record

WASHINGTON — This year’s holiday spending has the potential to shatter previous records, the National Retail Federation (NRF) said, forecasting that sales during November and December will grow between 8.5% and 10.5% over 2020 to total between $843.4 billion and $859 billion. The numbers (which exclude automobile dealers, gasoline stations and restaurants) suggest that sales

Wakefern marks ‘rich legacy’ of 75-year history

KEASBEY, N.J. — Wakefern Food Corp. marked its 75th anniversary during its Annual Meeting last month when executives paid tribute to the family-owned businesses that comprise the cooperative and drive its success. Chairman and chief executive officer Joseph Colalillo, president and chief operating officer Joe Sheridan, and executive vice president Chris Lane addressed Wakefern members,

Costco opens 22nd business center, first in Houston area

STAFFORD, Texas — Costco Wholesale Corp. opened its first Houston-area Costco Business Center late last month here. The 148,000-square-foot facility is the 22nd Costco Business Center to open nationwide. The units differ from standard Costco warehouses in that their offerings are geared more toward small businesses, and 70% of the merchandise is different than in

Drug chains pursue fix for primary care

Drug chains pursue fix for primary care

Physician-administered primary care is shaping up as the next big battleground for pharmacy operators, insurers and other providers that want to revamp the nation’s health care system and, in the process, address chronic problems of access, quality and cost. Recent remarks by the leaders of CVS Health and Walgreens Boots Alliance portend the approaching fight