This is a category for posts to be display on top left column
PALM BEACH, Fla. – Newly elected National Association of Chain Drug Stores chairman Chris Lane Tuesday affirmed NACDS’ commitment to “supporting all dimensions of today’s retail pharmacy,” declaring that “it’s an approach that makes NACDS — more than a trade association — an essential partner in our industry.” Lane, executive vice president of Wakefern Food Corp./ShopRite, delivered his
PALM BEACH, Fla. — The National Association of Chain Drug Stores is fighting for the retail pharmacy industry’s future on a number of fronts, and the stakes are high. Of particular import is the issue of direct and indirect remuneration (DIR) fees, which represent a major threat. “Let’s be clear,” NACDS chairman Mark Panzer said
SEATTLE — Amazon said its profits more than doubled in the first quarter, rising to $3.6 billion and topping the previous record of $3 billion set last quarter. Amazon also announced that it plans to shift the core benefit of its Prime subscription program into free one-day shipping. That news came during an earnings call
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. on Thursday named five executives to newly created leadership roles at the company. Appointed were: Gunjan Bhow to global chief digital officer. Heather Dixon to global controller and chief accounting officer. Vineet Mehra to global chief marketing officer. Annie Murphy to global chief commercial officer. Colin Nelson to
LONDON — British grocer Sainsbury’s planned £7.3 billion ($9.4 billion) acquisition of Walmart’s Asda division has been blocked by U.K. regulators. Britain’s Competition and Markets Authority ruled that the deal, announced in April 2018, would hurt competition and result in higher prices for consumers, not only in stores but also online and at gas stations.
WASHINGTON – Mother’s Day spending is expected to total a record $25 billion this year, up from $23.1 billion in 2018, according to the annual survey released Wednesday by the National Retail Federation. A total 84% of U.S. adults are expected to celebrate their mothers and other women in their lives. “Mother’s Day spending has
CHICAGO — Retailers and suppliers can win consumers’ business and their loyalty by offering greener products, as long as they don’t try to charge more for them. That is one of the findings of Earth Day 2019, an A.T. Kearney study based on a poll of 1,000 U.S. consumers. The study found that more than 70% of Americans
WASHINGTON — Retail sales in March were up 1% seasonally adjusted from February and up 0.8% unadjusted year-over-year, according to the National Retail Federation, which said today that the numbers represent good news about the strength of the economy. “March’s numbers are very encouraging and set the stage for improved expectations for the economy in
HOUSTON — Kroger Co. on Wednesday began offering grocery delivery service with autonomous vehicles in Houston. The service, offered in partnership with Nuro, is being offered from the retailer’s South Post Oak store, and will be available from its Buffalo Speedway store later this spring. Houston is the second market for Kroger and Nuro’s delivery service,
BOLINGBROOK, Ill. — Ulta Beauty Inc. has named David Kimbell to the additional role of company president. He continues to serve as chief merchandising and marketing officer. In this new role, Kimbell assumes additional responsibilities for corporate strategy, merchandise planning and operations, the company said. He will continue to report directly to chief executive officer
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported fourth quarter earnings results that fell below Wall Street’s expectations. The drug chain also provided a forecast for the upcoming fiscal year. For the fourth quarter, the company reported net loss from continuing operations of $255.6 million, or 24 cents per share, adjusted net loss
BENTONVILLE, Ark. — Walmart said Wednesday that it will offer reusable shopping bags at the checkout counters of all its U.S. stores as part of its campaign to cut down on plastic waste. The company will introduce 10 new designs of reusable totes, which will be available for purchase for 98 cents apiece at the