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Annual meeting celebrates Walmart’s momentum

Annual meeting celebrates Walmart’s momentum

FAYETTEVILLE, Ark. — Walmart wrapped up its annual shareholders’ week activities on Friday with a celebration of the company’s associates as “extraordinary people doing extraordinary things.” Brett Biggs, executive vice president and chief financial officer, credited Walmart’s 2.2 million associates worldwide with helping fulfill founder Sam Walton’s vision for Walmart as a merchant serving the

CVS outlines strategy to accelerate growth

CVS outlines strategy to accelerate growth

WOONSOCKET, R.I. — The executive team of CVS Health on Tuesday outlined a series of transformation initiatives at its 2019 Investor Day event, showing how the company plans to accelerate enterprise growth, simplify a consumer health system that is confusing and inconvenient, and position the company for long-term growth and increased shareholder value. The company also

Walmart taps Kumar as technology chief

Walmart taps Kumar as technology chief

BENTONVILLE, Ark — Walmart has named tech industry veteran Suresh Kumar to a new chief technology officer and chief development officer role position, reporting directly to president and chief executive officer Doug McMillon. Kumar brings more than 25 years of technology leadership experience — including executive positions at Google, Microsoft, Amazon and IBM — to

Target’s Q1 earnings exceed expectations

Target’s Q1 earnings exceed expectations

MINNEAPOLIS — Target Corp. today reported revenue rose 5% to $17.6 billion in the first quarter of fiscal 2019 as it brought more customers into to its stores. Once there, shoppers spent more than in the previous quarter, the company said. Same-store sales increased 4.8% while comparable digital sales surged 42%. Online sales represented 7.1%

Walmart unveils site plan for new campus

Walmart unveils site plan for new campus

BENTONVILLE, Ark. — Walmart officials said work on a new corporate campus is set to begin here in July. Walmart expects to relocate employees in stages, beginning next year and ending around 2024, when work on the company’s “dream home” is completed. First up is demolition, infrastructure and utility construction at the 350-acre site, which

NCPA, NACDS address DIR pharmacy reform failure

NCPA, NACDS address DIR pharmacy reform failure

ALEXANDRIA, Va.  — The National Community Pharmacists Association and the National Association of Chain Drug Stores issued the following statement Thursday after a final drug pricing rule was released and failed to reform pharmacy direct and indirect remuneration fees, or pharmacy DIR: “We are disappointed and frustrated that this final rule fails to finalize pharmacy

Retailer of the Year award winners honored

Retailer of the Year award winners honored

NEW YORK — Mass Market Retailers presented its 2018 Retailer of the Year awards Wednesday night in New York City. The event drew retailer and supplier executives from across the food, drug and mass channels. Target Corp. was honored as MMR‘s 2018 Retailer of the Year. The award was given in recognition of the work

IRI offers food for thought on CPG innovation

IRI offers food for thought on CPG innovation

CHICAGO — IRI, a global leader in innovative solutions and services for consumer, retail and media companies, announced Wednesday the release of its 2018 New Product Pacesetters, its 23rd annual report, highlighting the most successful new product launches across food and beverage, non-food and convenience store sectors. Smaller companies continue to dominate the list, and the most successful products

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