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In this week’s Video Forum, Tom Furphy, a former Amazon executive who played a pivotal role in launching the company’s H&BA and grocery businesses, talks about recent developments at Amazon and the competitive edge it has with Subscribe & Save. Now chief executive officer of Replenium and managing director and CEO of Consumer Equity Partners,
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $43.89 billion, a gain of 14.7%, for the second quarter ended February 14. Comparable store sales for the 12-week period increased 12.6% (excluding impacts from changes in gasoline prices and foreign exchange rates) in the United States, and 12.9% for the company as a whole.
CINCINNATI — Kroger Co. on Thursday reported solid fourth-quarter results that included an identical store sales gain of 10.6% (excluding fuel) and digital sales growth of 118%. “I am incredibly humbled by the strength of our associates and what we continue to accomplish together,” Kroger chairman and CEO Rodney McMullen said. “Our customers are at
PURCHASE, N.Y. — U.S. retail sales grew 4.6% in February despite winter storms that blasted much of the country, according to Mastercard SpendingPulse. Online sales grew 54.7% compared to 2020. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, notes that its sales figures for February were adjusted to account
WASHINGTON — National Retail Federation chief economist Jack Kleinhenz said this could be a year of record sales growth for the nation’s retailers, assuming that America is able to put COVID-19 in its rear view mirror. “There is no doubt the economy is positioned for growth in 2021, but how much growth comes down to
MINNEAPOLIS — Target Corp. reported comparable digital sales growth of 118% in the fourth quarter, accounting for two-thirds of the company’s overall comp sales growth for the period. Overall comp-store sales increased by 20.5%, while comp-store sales in physical stores grew by 6.9%, the company said on Tuesday. Sales for the three months ended January
Like their counterparts in the U.S., members of the Neighbourhood Pharmacy Association of Canada are working to maximize the impact of the profession on people’s health. In this week’s Video Forum, Sandra Hanna, Neighbourhood Pharmacies CEO, talks about the organization’s priorities, which include expanding the scope of pharmacy practice, strengthening the pharmaceutical supply chain, and
BENTONVILLE, Ark. — Walmart is hosting a series of community events across the country to administer the COVID-19 vaccine, as part of an effort to drive higher vaccination rates in vulnerable communities. The U.S. Centers for Disease Control and Prevention (CDC) is providing Walmart with an allocation of the vaccine for this new effort, which
MINNEAPOLIS — Target Corp. is partnering with Apple to offer an expanded assortment of the brand’s products and services, the retailer said Thursday. The new shopping experience, similar to departments Target has created with Disney, Ulta Beauty and Levi Strauss & Co., is part of the retailer’s effort to become a destination for sought-after brands.
WASHINGTON – The National Retail Federation said Wednesday that it expects U.S. retail sales to grow between 6.5% and 8.2% this year, topping $4.33 trillion, as more Americans get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread
WASHINGTON — Walgreens pharmacy manager Melanie Owens told President Joe Biden Tuesday that the arrival of the COVID-19 vaccine in her store on Chicago’s South Side is helping keep local residents “alive and safe.” Owens, who had COVID last March, spoke to the president during a virtual roundtable discussion with black essential workers. Having been
DEERFIELD, Ill. — Walgreens is teaming with Instacart to offer same-day delivery across Illinois, and plans to roll out the service nationwide to nearly 8,000 stores in the coming weeks. The company said Tuesday that the service will allow consumers to order from a section of tens of thousands of Walgreens products — including over-the-counter,