PRO_1170x120_4-1-19

Featured Articles

This is a category for posts to be display on top left column

Walmart reports Q2 net income of $3.6 billion

Walmart reports Q2 net income of $3.6 billion

BENTONVILLE, Ark. — Walmart reported on Thursday a second-quarter net income of $3.6 billion compared with a net loss of $861 million a year earlier. Revenue rose 1.8% to nearly $130.4 billion. Operating income, on a constant currency basis, declined 2.4% to $5.6 billion. “Customers are responding to the improvements we’re making, the productivity loop

GIANT plans flagship supermarket in Philadelphia

GIANT plans flagship supermarket in Philadelphia

CARLISLE, Pa. — GIANT Food Stores revealed plans for a flagship supermarket in a mixed-use urban development under construction on the banks of the Schuylkill River in downtown Philadelphia. The 65,000-square-foot GIANT store is expected to open by fall of 2020, the company said. “Like the city of Philadelphia, GIANT continues to grow and innovate

Rite Aid appoints Heyward Donigan as CEO

Rite Aid appoints Heyward Donigan as CEO

CAMP HILL, Pa .— Rite Aid Corp. said Monday that the board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as chief executive officer. “Today’s announcement is an important step in positioning Rite Aid for

CVS Health’s Q2 earnings beat expectations

CVS Health’s Q2 earnings beat expectations

WOONSOCKET, R.I.— CVS Health stock rose nearly 6% in pre-market trading on Wednesday after the company reported strong second quarter operating results for the three months ended June 30, 2019. Second quarter earnings beat Wall Street’s expectations, and the company significantly raised its own projection for full-year earnings. “We posted strong second quarter results, with

McNiff to become president at Stater Bros.

McNiff to become president at Stater Bros.

SAN BERNARDINO, Calif. — Stater Bros. Markets president and longtime food industry leader George Frahm is planning to retire on October 31, and industry veteran Greg McNiff will be his successor. In his new role, McNiff will report directly to Stater Bros. chief executive officer Pete Van Helden. The company said McNiff will officially join

‘Most Influential Women’ honored

‘Most Influential Women’ honored

NEW YORK — Mass Market Retailers last week honored the outstanding executives who were identified by the publication as the industry’s Most Influential Women in 2019. The awards presentation and reception drew retailer and supplier executives from across the food, drug and mass channels to a ballroom in lower Manhattan. On hand to receive awards

Amazon reports strong sales growth in Q2

Amazon reports strong sales growth in Q2

SEATTLE, Wash. — Amazon reported net sales of $63.4 billion in the second quarter, beating analysts’ expectations. That is an increase of about 20% over sales in the prior year period, and when the $814 million unfavorable impact of foreign exchange rates is excluded from the calculation, the increase in net sales was 21%. Net

NACDS hotline rallies industry to urge DIR relief

NACDS hotline rallies industry to urge DIR relief

WASHINGTON — With the Senate Finance Committee expected to begin making decisions on spending bills as early as today, the National Association of Chain Drug Stores has launched a telephone hotline — (866) DIR-RE4M — that pharmacy advocates can use to urge the inclusion of DIR fee relief in drug-pricing legislation. An NACDS RxImpact grassroots

Walmart to merge supply chain team

Walmart to merge supply chain team

BENTONVILLE, Ark. — Walmart is merging its U.S. store and digital supply chain teams in what the company calls a next step in its efforts to create a seamless omnichannel shopping experience for its customers. Greg Smith, executive vice president, supply chain at Walmart U.S., will lead the combined team, and will report jointly to

1 2 3 47