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DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) chief executive officer Tim Wentworth announced Thursday updates to WBA’s Executive Committee as the company advances a health services strategy rooted in its retail pharmacy footprint. “Today’s announcement solidifies the leadership team that will carry WBA into its future as we look to expand our reach beyond neighborhood
WOONSOCKET, R.I. — CVS Health topped analysts’ forecasts for fourth quarter sales and profits, but cut its full year earnings outlook, citing rising medical costs that are hurting the insurance industry. Revenue for the three months ended December 31 climbed 11.9% from the year-ago period to $93.81 billion, beating Wall Street’s estimate of $90.41 billion.
ISSAQUAH, Wash. — Costco Wholesale Corp. announced today that chief financial officer Richard Galanti intends to step down from that role, effective March 15. Gary Millerchip, who has served as senior vice president and chief financial officer at Kroger Co., will succeed Galanti as Costco CFO. Galanti will remain with Costco through January 2025, serving
ARLINGTON, Va. – FMI president and CEO Leslie Sarasin says that the national conversation about food prices must be informed by data, rather than politics. “Politicizing grocery prices for political gain is completely counterproductive to improving the accessibility and quality of food for all Americans,” Sarasin said in a statement. “With the exception of a
SEATTLE — Amazon on Thursday reported fourth-quarter sales and earnings that topped analysts’ expectations, driven in part by a “record-breaking” holiday season. The company said its net sales increased 14% to $170.0 billion in the fourth quarter ended December 31, up from $149.2 billion in the fourth quarter of 2022. Net income increased to $10.6
BENTONVILLE, Ark. — Walmart on Wednesday detailed investments in new and remodeled stores that it says will create new jobs while offering an improved shopping experience for its customers. The planned expansion of its brick-and-mortar presence marks a change in direction for the retailer, which has not added to its U.S. store count in recent
BENTONVILLE, Ark.– Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart’s ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach. More than 400,000
WASHINGTON – Americans are expected to spend a record $14.2 billion on their significant others this Valentine’s Day, according to the annual survey by the National Retail Federation and Prosper Insights & Analytics. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” NRF President and CEO Matthew Shay said. “With
JACKSONVILLE, Fla. — Southeastern Grocers said it has completed the divestiture of its Fresco y Más operations via a sale of the banner to an investment group, which plans to maintain existing operations at the locations. SEG last year announced plans to sell the chain to Fresco Retail Group LLC as part of its ongoing
MINNEAPOLIS — Target Corp. is introducing more than 1,000 new wellness-related products starting at just $1.99 to support shoppers without stretching their budgets. From apparel and accessories to supplements, vitamins and the latest tech, Target is offering its guests one-stop-shopping. “Wellness has been redefined to encompass a more holistic way of living — and it’s
MARCO ISLAND, Fla. – FMI — The Food Industry Association on Friday presented its 2024 Executive Leadership Awards to seven executives who “exemplify excellence in the food industry through innovative leadership, community outreach, and stellar customer service.” The 2024 awards, presented at FMI’s Midwinter Executive Conference, went to: Brookshire’s Brad Brookshire; KeHe Distributors’ Brandon Barnholt;
NEW YORK — What makes Wegmans special? How does it consistently rank at or near the top of retailing’s “best places” lists? Food, definitely, but you can find a cornucopia of mouthwatering food at a lot of places. For many, the answer comes down to people factors, things like customer service and the sense of