WASHINGTON — Retail pharmacy’s drive to secure enactment of meaningful PBM reform received a boost earlier this month when the leaders of the Senate Finance Committee spoke at a press briefing on Capitol Hill during NACDS RxImpact Day. Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.), the chairman and ranking member of the
ARLINGTON, Va. — Building on burgeoning consumer interest in the link between health and nutrition, the grocery industry aims to raise its profile as a destination for a broad and expanding range of products and services that support customers’ well-being. Executives at FMI – The Food Industry Association recently examined the trend during a briefing
NEW YORK — With a nod to this year’s International Women’s Day theme, Inspire Inclusion, the latest edition of Conversations with WE focused on the journeys of two female industry leaders. Formed seven years ago, WE is an organization comprised of female executive leaders representing retailers, suppliers and business partners. Tina Jackse, chief commercial officer
GOODLETTSVILLE, Tenn. — Dollar General Corp. said financial results for its fiscal 2023 fourth quarter demonstrate progress in the “back to basics” approach adopted last year when Todd Vasos returned to the company as chief executive officer. “We were pleased to deliver fourth quarter top- and bottom-line results at the upper end of our internal
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales growth of 5.7% for its second quarter as more members visited its warehouse clubs and spent more per trip. Traffic was up 4.3% in the United States and 5.3% companywide, Costco reported on March 7. Net income in the period through February 18 was $1.74 billion,
CINCINNATI — Kroger Co. 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
Some forecasters see partly cloudy skies ahead for the U.S. economy, which could translate into weaker sales gains for retailers in the coming months. The Conference Board recently upgraded its forecast, saying that it no longer expects a recession this year. But the news is not all good. “Various indicators of business activity, labor markets,
At a time when other pressing problems — warfare in Europe and the Middle East, high food prices, and the promise and peril of generative AI among them — have diluted the sense of urgency to address climate change, it’s heartening to see a major private sector initiative, designed to reduce greenhouse gases, come to
Costco, to no great surprise, is much in the news lately — and, no great surprise, the news is overwhelmingly positive. To begin at the beginning, Craig Jelenik, the retailer’s longtime (and very effective) chief executive officer, has retired, ending an era of unprecedented retail success. Simultaneously, Richard Galanti, the company’s equally talented chief financial
ISSAQUAH, Wash. — As executive vice president of merchandising at Costco Wholesale Corp., Claudine Adamo leads the team that finds and often helps develop the products that bring members back to the company’s warehouse clubs again and again, often spending more than they planned because of the extraordinary values and treasure-hunt finds that are on
BOLINGBROOK, Ill. — Ulta Beauty continues to produce strong sales and profits by giving customers what they want. That’s exactly Monica Arnaudo’s superpower as the chief merchandising officer for the nation’s largest beauty retailer. “We’re proud to be a place where beauty lovers can discover the brands and products that unlock limitless possibilities to express
BENTONVILLE, Ark. — As executive vice president of consumables for Walmart U.S., Silvia Azrai Kawas leads the omnimerchandising strategy and assortment for the company’s Consumables business, including baby, beauty, health and wellness, household essentials, personal care, and pets businesses. Under Silvia’s leadership, the team has delivered growth, brought hundreds of new innovative items and brands