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Min Cho to join Walgreens in new role

Min Cho to join Walgreens in new role

DEERFIELD, Ill. — Walgreens has hired Min Cho to serve as chief format concepts and design officer, the company said on Monday. He will report to Tracey Brown, the retailer’s chief customer officer. In this newly created role and function, Cho will focus on new innovative store design and architecture, which the company says is

Ahold Delhaize posts Q2 gains

Ahold Delhaize posts Q2 gains

ZAANDAM, the Netherlands – Ahold Delhaize said sales and profits increased in its second quarter as its stores in Europe and the United States gained market share. President and CEO Frans Muller said the financial results confirm the strength and breadth of Ahold Delhaize’s brand portfolio. “Our brands’ unparalleled understanding of customers, broad assortments and

Video Forum: Scott Melville, CHPA, Part 2

Video Forum: Scott Melville, CHPA, Part 2

In the second installment of a two-part interview, Scott Melville, president and chief executive officer of the Consumer Healthcare Products Association, discusses the regulatory environment for health care devices and dietary supplements (two areas where CHPA has recently stepped up its involvement); state-level issues affecting suppliers; and the value that O-T-Cs bring to consumers at

Report: Consumers continued to spend in July

Report: Consumers continued to spend in July

PURCHASE, N.Y. — U.S. retail sales excluding automotive and gas rose 9.0% year-over-year in July, according to Mastercard SpendingPulse, which said rising prices—particularly for necessities such as food and fuel—were a contributing factor. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, reflects nominal spending and is not adjusted for

CVS surpasses expectations for second quarter

CVS surpasses expectations for second quarter

WOONSOCKET, R.I. — CVS Health easily beat analysts’ projections for second quarter sales and earnings, and raised its full-year profit outlook. The company posted adjusted earnings per share of $2.40, topping Wall Street’s average forecast of $2.17.  Net income was $2.96 billion, or $2.23 per share, up from $2.79 billion, or $2.10 per share, a

Video Forum: Scott Melville, CHPA, Part 1

Video Forum: Scott Melville, CHPA, Part 1

Scott Melville, president and chief executive officer of the Consumer Healthcare Products Association, tells this week’s Video Forum about how the association has evolved to meet the changing needs of its members. In the first of a two-part interview, he also addresses COVID’s impact on the self-care business, the current state of the supply chain,

Dollar General expands board of directors

Dollar General expands board of directors

GOODLETTSVILLE, Tenn. — Dollar General Corp. on Friday appointed Ana Chadwick, executive vice president and chief financial officer of Pitney Bowes Inc., to its board of directors, effective July 30, 2022. “Dollar General is pleased to welcome Ana to our board of directors,” said Dollar General board chairman Michael Calbert. “She brings valuable international experience

Amazon’s Q2 revenues beat expectations

Amazon’s Q2 revenues beat expectations

SEATTLE — Amazon reported a 7% increase in net sales, to $121.2 billion, for the second quarter, beating analysts’ estimates. The company added that when the $3.6 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter is excluded, net sales increased 10% compared with the second quarter of 2021. The company

Hy-Vee CEO Randy Edeker names successor

Hy-Vee CEO Randy Edeker names successor

WEST DES MOINES, Iowa — Hy-Vee chairman and chief executive officer Randy Edeker said Wednesday that Aaron Wiese will succeed him as CEO, effective October 1. Wiese is currently the company’s vice chairman president of its supply chain and subsidiaries. Jeremy Gosch will remain Hy-Vee’s president and chief operating officer, responsible for all of the

Dollar General plans to add three new DCs

Dollar General plans to add three new DCs

GOODLETTSVILLE, Tenn. — Dollar General plans to add three new distribution centers to its network. The new facilities will be located in North Little Rock, Ark., Aurora, Colo., and Salem, Ore. Collectively they represent a $480 million investment and will create up to 1,100 jobs when they are all up to full capacity. “We look

Albertsons posts Q1 sales increase, raises outlook

Albertsons posts Q1 sales increase, raises outlook

BOISE, Idaho — Albertsons Cos. reported top and bottom line gains for its fiscal first quarter, and raised its outlook for the year. The company said Tuesday that identical sales increased 6.8% for the quarter, which ended June 18. Digital sales increased 28%, and net income increased about 8.1%, to $484.2 million, or $0.84 per

Amazon to acquire One Medical for $3.9 billion

Amazon to acquire One Medical for $3.9 billion

SEATTLE — Amazon on Thursday announced a deal to acquire One Medical, a primary healthcare company, for about $3.9 billion. One Medical describes itself as a “human-centered, technology-powered national primary care organization” that aims to make health care more accessible and affordable through a combination of in-person and virtual care. “We think health care is

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