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ZAANDAM, the Netherlands — Ahold Delhaize reported group sales of €15.8 billion ($18.1 billion) for the third quarter, up 3.6% over the comparable prior year period. Net income was up 26.7% (26% at constant exchange rates) to €459 billion ($525.6 billion). “I’m pleased with these results, as we delivered strong sales and earnings growth, which
SAN FRANCISCO — Instacart said Wednesday that will be rolling out its Instacart Pickup grocery click-and-collect service nationwide. Instacart will be working with existing and new retail partners to add the Instacart Pickup service to participating partner stores nationwide over the coming months and throughout 2019, according to the company, which said that the rollout
WOONSOCKET, R.I. — Strong gains in the pharmacy retail business helped CVS Health beat analysts’ third quarter earnings and revenue expectations. The company also announced on Tuesday that it anticipates the $69 billion Aetna deal to close before Thanksgiving. Net revenues for the three months ended September 30 increased 2.4%, or $1.1 billion, to about
BENTONVILLE, Ark. — Sam’s Club Now, a new club set to open in Dallas, represents “the epicenter of innovation” for the membership club, chief executive officer Jamie Iannone said Monday in a blog post on the Sam’s Club website. “There won’t be another club like it. It will be a mobile-first shopping experience powered
SEATTLE — Amazon posted a profit of $2.9 billion — $5.75 per share — in its third quarter, up from $256 million a year earlier, as revenue rose 29% to $56.6 billion. Analysts expected Amazon to post earnings of $3.12 per share on $57.1 billion in revenue. It was the second consecutive quarter of record profitability for
MINNEAPOLIS — Target Corp. is upping its delivery game as it vows to be the “easiest place to shop for the holiday season.” Target said Tuesday that it will become first retailer to offer same-day delivery and drive up service coast to coast. The retailer said its will also offer free two-day shipping to all customers,
BENTONVILLE, Ark. — Walmart is expanding its free two-day shipping program to include millions of products sold by third-party sellers in the Walmart Marketplace section of its e-commerce web site. The retailer is also simplifying the returns process for items purchased from many of those third-party sellers, including launching the ability to facilitate returns at
PROVIDENCE, R.I. — United Natural Foods Inc. announced today it has completed its $2.9 billion acquisition of Supervalu Inc. “Today is an important milestone for UNFI,” Steve Spinner, chairman and chief executive officer of UNFI, said in a statement. “We will take the best from both businesses to create North America’s premier food wholesaler with
HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy. The company’s reorganization plan calls for the closure of 142 additional Sears and Kmart stores, in addition to the previously announced
DEERFIELD, Ill. — Walgreens Boots Alliance posted mixed fourth quarter results, as earnings beat expectations but sales fell short of projections. Adjusted net earnings for the quarter ended August 31 rose 4.5% to $1.4 billion, up 4.5% on a constant currency basis, from a year ago. Adjusted earnings per share were $1.48, up 13% on
WASHINGTON — The Department of Justice gave preliminary approval Wednesday for CVS Health’s acquisition of Aetna Corp., which the two companies say will remake health care. The path to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans. Antitrust regulators
CINCINNATI — Kroger Co. is rolling out Home Chef meal kits to select stores. It also plans to is launch a new quick-cook meal kit called Home Chef Express that promises to be ready to eat in about 15 minutes. “We are excited to introduce Home Chef’s new retail meal kits to our store customers,” Kroger