March 4, 2024 by MMR
NACDS, PBMs, President Biden, the National Association of Chain Drug Stores (NACDS)
Featured Articles, Leading Headlines, Retail News, Topics
WASHINGTON – The National Association of Chain Drug Stores (NACDS) said it continues to call for the immediate implementation of reforms to address the tactics of pharmaceutical benefit middlemen amid attempts by PBMs to stall Congressional action and perpetuate their harmful practices. An NACDS letter to President Biden applauds the Administration for holding a listening
March 4, 2024 by MMR
Inflation, National Retail Federation chief economist Jack Kleinhenz, The Federal Reserve
Featured Articles, Leading Headlines, Money, Retail News, Uncategorized
WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few
February 29, 2024 by MMR
Circana, FMI - The Food Industry Association, Mark Baum, Oliver Wyman, Randall Sargent, Sally Lyons Wyatt
Featured Articles, Leading Headlines, Retail News, Topics
ARLINGTON, VA – Food retailers and their partners can find new growth opportunities by addressing consumers’ expanding definitions of value, according to research from FMI – The Food Industry Association, Oliver Wyman and Circana. A study, Finding Growth for Food & Beverage at Retail: Winning Eating Occasions throughout the Day, offers a comprehensive examination of emerging trends and outlines
February 26, 2024 by MMR
Albertsons, Federat Trade Commission, FTC, Kroger
Featured Articles, Leading Headlines, Money, Retail News
WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over
February 26, 2024 by MMR
Dollar General, milestone store opening, Steve Deckard
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GOODLETTSVILLE, Tenn. — Dollar General on Friday celebrated the grand opening of its 20,000th store at its DG Market location in Alice, Texas. “Today marks an incredible milestone in Dollar General’s history,” said Steve Deckard, Dollar General’s executive vice president of store operations and development. “From our first general store to today’s 20,000th store opening,
February 22, 2024 by MMR
It Means More, Jeanniey Walden, Rite Aid
Featured Articles, Leading Headlines, Retail News
PHILADELPHIA — Rite Aid has debuted a new ad with the theme ‘It Means More’ ad that puts the retail pharmacy chain’s commitment to its customers in the spotlight, along with the passion and dedication of its employees and their ability to provide unrivaled service to their customers. The chain says it aims to emphasize
February 20, 2024 by MMR
fiscal results, fourth quarter, Walmart
Featured Articles, Leading Headlines, Retail News
BENTONVILLE, Ark – Walmart Inc. posted revenue growth of 5.7% in the fourth quarter, including a 4% comp sales gain in its Walmart U.S. division. “Our team delivered a great quarter, finishing off a strong year,” chief executive officer Doug McMillon said in a statement. “We crossed $100 billion in eCommerce sales and drove share
February 15, 2024 by MMR
dealworthy, owned brand, Rick Gomez, Target
Featured Articles, Leading Headlines, Retail News
MINNEAPOLIS — Target Corp. today introduced a new low-price owned brand, dealworthy, that promises “incredible value” on nearly 400 everyday basic items. The new line allows the retailer to offer its shoppers more affordable options, with prices starting at less than $1, while strengthening its portfolio of owned brands. “With the introduction of our newest
February 14, 2024 by MMR
Ahold Delhaize, Ahold Delhaize chief executive officer Frans Mulle, Food Lion, Fresh Direct
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ZAANDAM, The Netherlands — Ahold Delhaize reported solid results for its fourth quarter and 2023 fiscal year, with full-year sales and earnings per share in line with expectations. Fourth quarter net sales were €23.0 billion ($24.65 billion), up 1.9% at constant exchange rates and down 1.4% at actual exchange rates. Comparable sales, excluding gas, increased
February 13, 2024 by Jeffrey Woldt
Crystal Lennartz, Health Mart, Health Mart Atlas
Featured Articles, Leading Headlines, Videos
In this week’s Video Forum, Crystal Lennartz, recently named president of Health Mart and Health Mart Atlas, talks about her priorities for the network of independent drug stores. Among the subjects she addresses are the resilience of independents, efforts to revamp pharmacy payment models, and the continuing appeal of drug store ownership.
February 12, 2024 by MMR
Jackie Morse, Regional Chain Conference, Within Reach
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BONITA SPRINGS, Fla. – At the Opening General Session of the 2024 National Association of Chain Drug Stores (NACDS) Regional Chain Conference today, a central message rang clear: NACDS is committed to winning on pivotal issues and to charting the course for innovation that advances pharmacy and that benefits all Americans. The 2024 Conference —
February 12, 2024 by MMR
CNBC/NRF Retail Monitor, holiday sales, January, January retail sales, National Retail Federation, NRF President and CEO Matthew Shay, retail sales
Featured Articles, Leading Headlines, Money, Retail News, Uncategorized
WASHINGTON – Retail sales started strong in 2024, according to figures released Monday by the National Retail Federation. Sales in January nearly matched December’s holiday spending and rose significantly year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “January sales continued the strong performance of retail sales in December, which is