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BOISE — Albertsons Cos. is working with Microsoft on cloud-based computing and artificial intelligence solutions that it says will provide new and transformative experiences for customers and employees. “We are reimagining the future to serve customers in a way they want to interact with us across all channels,” said Anuj Dhanda, Albertsons Cos. executive vice president and
WOONSOCKET, R.I. — CVS Health posted stronger-than-expected fourth quarter earnings Wednesday but issued 2019 profit guidance that fell short of Wall Street forecasts linked to “significant additional deterioration” in its long-term care business. CVS Health’s adjusted earnings for the three months ended in December came in at $2.14 per share, up 11.5% from the same
BENTONVILLE, Ark. — Walmart on Tuesday reported strong profit and revenue figures for the holiday quarter, citing strength across a range of product categories and a 43% surge in digital sales. Revenue was up 1.9% to $138.8 billion in the fiscal fourth quarter. Excluding currency fluctuations, year-on-year revenue growth was 4.2%. Walmart U.S. posted its
NEW YORK — Wegmans Food Markets Inc. and Publix Super Markets Inc. have made Fortune magazine’s 100 Best Companies to Work For in 2019, coming in third and 12th, respectively. Both grocery retailers have appeared on the list every year since it was introduced 22 years ago. Rochester, N.Y.-based Wegmans has been among the top
WASHINGTON – The holiday season turned out not to have been a particularly merry one for retailers, the National Retail Federation said on Thursday. Retail sales grew a lower-than-expected 2.9% during the two-month period, according to the NRF, which cited U.S. Commerce Department data that had been delayed by nearly a month because of the
HOUSTON — CVS Health has unveiled a new health-focused store concept here that’s designed to help the pharmacy chain become more of a health-care provider. The three HealthHUB pilot stores that opened in the Houston area in December are part of the company’s vision for its $70 billion acquisition of health insurer Aetna. In addition
CINCINNATI — Kroger Co. said Wednesday that it is introducing a mobile payment solution that securely combines a customer’s payment and loyalty card information. Called Kroger Pay, the feature promises to deliver a faster checkout experience. The company is also launching a new Kroger Rewards debit card. “Kroger is redefining the customer experience by creating innovative
CARLISLE, Pa. — GIANT Food Stores hosted a ribbon cutting ceremony on Tuesday for a new e-commerce hub in Lancaster, Pa. The facility is part of the retailer’s recently rebranded digital grocery operation, which is called “GIANT DIRECT, Powered by Peapod.” The new hub, which is being operated in partnership with Peapod Digital Labs, will
LAKELAND, Fla. — Publix Super Markets has promoted director of manufacturing Doug Harris to the position of vice president of manufacturing. He will succeed Jeff Stephens, who is retiring on May 1. In his new role, Harris will oversee the efforts of Publix’s manufacturing businesses, which include seven fresh production plants and printing services. “Doug
MEMPHIS — Fred’s Inc. announced in a filing with the Securities and Exchange Commission that Joseph Anto is now the chief executive officer of the company, effective February 3. The board made the appointment on January 30. Previously, Anto served as Fred’s interim CEO as well as chief financial officer. Heath Freeman, chairman of the
WASHINGTON — The National Retail Federation (NRF) forecasts U.S. retail sales growth of between 3.8% and 4.4% this year. If accurate, that means a slight decline from the increase in 2018, when retail sales climbed 4.6%, according to preliminary figures cited by NRF. “We believe the underlying state of the economy is sound,” commented NRF
PALM BEACH – The National Association of Chain Drug Stores’ campaign-style approach to the issues crucial for pharmacy value and viability dominated Monday’s opening session of the 2019 NACDS Regional Chain Conference. NACDS’ top-priority issue of direct and indirect remuneration (DIR) fee reform headlined the discussion of the Association’s “Access Agenda” – which emphasizes that