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BENTONVILLE, Ark. — Marc Lore, who helped spearhead Walmart’s ongoing transformation into a truly omnichannel retailer, is leaving the company on January 31. He will continue on as a strategic advisor until September, the company said. His departure comes as Walmart continues to face off with Amazon and a host of other retailers, including Target
Walgreens Boots Alliance has shifted into high gear since the start of 2021. Building on a foundation that it painstakingly laid in recent years, the company has unleashed a salvo of initiatives designed to buttress its central role in health care and retailing. Following the realignment of its partnership with AmerisourceBergen — a transaction that
In this week’s Video Forum, Kevin Holt, chief executive officer of Ahold Delhaize USA, talks about significant changes under way at the company. Major investments in existing stores, the enhancement of omnichannel capabilities, and the shift to self-distribution are among the subjects addressed.
SAN ANTONIO, Texas — For the first time in its 35-year publishing life, the editors of MMR have chosen not one but two Retailers of the Year. One of the retailers chosen is — no surprise here — Target, one of America’s two premiere discount retailers. The other — equally unsurprising — is H-E-B, the
MINNEAPOLIS — Target is one of a select group of retailers that have been able to respond effectively to the extraordinary challenges that 2020 presented to the industry and go on to perform at a level far beyond expectations. It is also one of a smaller and more select group of companies that reacted immediately
GOODLETTSVILLE, Tenn. — In a year that saw Dollar General celebrate the grand opening of its 17,000th store, unveil a new brand (pOpshelf) and serve as an essential resource during the pandemic, the retailer’s merchandising team was focused on advancing Dollar General’s sophisticated strategy to best serve its customers. We are proud to honor that
BENTONVILLE, Ark. — Walmart is reaping success by effectively pursuing an omnichannel strategy that capitalizes on its formidable assets — including 4,700 stores and warehouse clubs in the United States — while investing heavily in innovation. It is not, however, a strategy limited to the U.S. Among Walmart’s international markets, Canada, Mexico and China in
BOISE, Idaho — Since going to work at an Osco Drug store in Chicago as a 15-year-old high school student in early 1972, Mark Panzer has been a force in retail pharmacy. With hard work and the inspiration of role models, Panzer carved out a career in retailing that the editors at Mass Market Retailers
NILES, Ill. — The family ties that built Alva-Amco Pharmacal Cos. span more than a century and four generations. At the heart of both the family and the company has been Jeff Gerchenson, who worked for the over-the-counter drug producer for over 50 years, leading its growth for decades and cementing its status as a
DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s first quarter profits beat analysts’ projections handily. The company’s adjusted earnings per share of $1.22 topped the forecast of $1.03. Revenue for the period ended November 30 rose 5.7% to $36.3 billion, driven by gains in U.S. store sales and wholesaling. “Our first quarter results exceeded expectations
DEERFIELD, Ill. — Walgreens Boots Alliance is ramping up its investment in VillageMD in order to support the opening of 600 to 700 Village Medical at Walgreens primary care clinics in more than 30 U.S. markets within the next four years. Those clinics are to be followed by hundreds more after that. “Walgreens is focused
WOONSOCKET, R.I. — CVS Health has hired Michelle Peluso to serve as the company’s first chief customer officer, effective January 25. In this newly created executive leadership role, Peluso will be responsible for transforming the consumer experience and accelerating CVS Health’s digital strategy, the company said Wednesday. Peluso will have direct oversight for CVS Health’s