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Deloitte forecasts holiday sales increase

Deloitte forecasts holiday sales increase

NEW YORK — Retailers can anticipate a jolly holiday season, with seasonal sales up at least 5% from last year, accounting firm Deloitte says in a report released on Wednesday. Deloitte’s retail and distribution practice foresees sales from November through January (seasonally adjusted and excluding motor vehicles and gasoline) topping $1.1 trillion. Comparable retail sales

Albertsons names Jim Donald president, CEO

Albertsons names Jim Donald president, CEO

BOISE, Idaho — Jim Donald has been named president and chief executive officer of Albertsons Cos. effective immediately. He had been president and chief operating officer. Robert Miller, currently the company’s chairman and CEO, will continue as chairman . Donald’s 47-year retail career began as a trainee in Florida with Publix Super Markets Inc. He

Walgreens to buy pharmacy files from Fred’s

Walgreens to buy pharmacy files from Fred’s

DEERFIELD, Ill. — Walgreens and Fred’s announced on Monday that they have entered into a definitive asset purchase agreement, where Walgreens will acquire pharmacy patient prescription files and related pharmacy inventory of 185 Fred’s stores located across 10 Southeastern states. Under the terms of the agreement, the aggregate consideration to be paid by Walgreens to

Approval reportedly near for CVS-Aetna deal

Approval reportedly near for CVS-Aetna deal

WASHINGTON — CVS Health Corp.’s planned acquisition of Aetna Inc. is close to getting the official go-ahead from federal regulators, according to a report published Wednesday by The Wall Street Journal, which said the deal could receive formal antitrust approval from the U.S. Department of Justice within the next few weeks. That approval is expected to

Dollar General beats earnings estimates in Q2

Dollar General beats earnings estimates in Q2

GOODLETTSVILLE, Tenn. — Dollar General Corp. posted sales and earnings gains that beat Wall Street estimates in the second quarter. Net sales increased 10.6% to $6.4 billion in 13 weeks ended August 3, up from $5.8 billion in comparable prior year period. Same-store sales increased 3.7%, driven by increases in average transaction amount and customer traffic. The company

NACDS offers value in changing times

NACDS offers value in changing times

DENVER – The business program of the National Association of Chain Drug Stores (NACDS) Total Store Expo today emphasized NACDS’ commitment to the success of retailer and supplier members amid times of dramatic change. It also delivered a compelling message to Washington, D.C. decision makers and opinion leaders that the emerging trade war jeopardizes business’

Target sees sales, traffic surge in Q2

Target sees sales, traffic surge in Q2

MINNEAPOLIS — Target Corp. on Wednesday posted a 6.5% comparable sales gain for its second quarter, driven by increased store traffic and online sales. That is the company’s biggest increase in more than a decade. Total company sales increased 7.0%, to $17.6 billion, and total revenues rose 6.9% to  $17.8 billion. Target said its traffic

Anthem to team with Walmart on new program

Anthem to team with Walmart on new program

INDIANAPOLIS, Ind. – Anthem, Inc. announced an arrangement with Walmart to advance the companies’ mutual goals of reducing healthcare costs and providing consumers with increased access to over-the counter (O-T-C) medicines and services that can improve their health. The Anthem-Walmart program, launching in January 2019, will enable consumers who are enrolled in Anthem’s affiliated Medicare Advantage

Marybeth Hays to leave post at Walmart

Marybeth Hays to leave post at Walmart

BENTONVILLE, Ark. — Marybeth Hays, one of  Walmart’s highest-ranking female executives, will be leaving the company in January 2019.  Hays, who had served as executive vice president of consumables and health and wellness for just over a year, will leave the company early next year, according to an internal memo sent Friday from U.S. chief

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