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BENTONVILLE, Ark. — Walmart is launching a new fashion line with talk show host and actress Ellen DeGeneres. The denim-based collection, EV1, will be available beginning September 10 on Walmart.com and in about 2,300 Walmart stores, according to the retailer, which said the line includes jeans, shirts, shoes and accessories, with individual items priced at
WASHINGTON — The National Retail Federation has revised its retail sales forecast for 2018, saying it now expects sales to increase 4.5% or more, up from its earlier projection of a year-on-year gain in the range of 3.8% to 4.4%. “Higher wages, gains in disposable income, a strong job market and record-high household net worth
CAMP HILL, Pa. – Rite Aid Corp. announced that it has mutually agreed with Albertsons Cos. to terminate their previously announced merger agreement. “While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our stockholders and are committed to moving forward and executing our strategic plan as
WOONSOCKET, R.I. — Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.3% from a year ago, while same-store front-end sales dipped 1%. CVS’ revenue
CINCINNATI — Valerie Jabbar was named Tuesday as group vice president of merchandising for Kroger Co. Jabbar, who for the past two years has been president of Kroger’s Ralphs division, assumes her new role on September 1. Mike Murphy, vice president of operations at Kroger’s Columbus division, will succeed Jabbar at Ralphs, which is headquartered
WEST DES MOINES, Iowa — Hy-Vee Inc. has opened its first HealthMarket here, a concept store envisioned as a one-stop shop for consumers looking to lead a healthy, more natural lifestyle. The 15,700-square-foot store combines several of the initiatives and partnerships Hy-Vee has undertaken in recent years to spur growth and keep current in a
NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were identified by the publication as the industry’s Most Influential Women in 2018. On hand to receive awards were the following executives: Lisa Badgley, senior vice president of operations at Walgreens Lauren Brindley, group vice president and GMM of beauty and
SEATTLE — Amazon.com posted profits of $2.5 billion for the second quarter, up from $197 million a year earlier, on revenue of $52.9 billion. Operating profit margin came in at 5.6%. It was the third consecutive quarter in which Amazon posted profit of $1 billion or more, extending its profitability streak to three years. Amazon
PROVIDENCE, R.I. — United Natural Foods Inc. has agreed to acquire Minneapolis-based wholesaler and retailer Supervalu Inc. The deal is valued at about $2.9 billion, including the assumption of outstanding debt and liabilities. UNFI says the transaction represents an opportunity to diversify its customer base and expand its market reach and scale. The company said
DEERFIELD, Ill. — Walgreens is rolling out Find Care Now, a digital platform and marketplace that helps connect the company’s millions of mobile and online visitors to health care services at Walgreens stores and to a growing selection of recognized providers in the community. The retailer is working closely with a current list of 17
SEATTLE — Amazon.com Inc. and its Whole Foods Market chain said Tuesday that they are expanding the delivery of natural and organic products from Whole Foods Market stores through Amazon’s Prime Now service in the greater Miami and New York metropolitan areas. Prime members in those cities can shop through online, or by using the Prime
NEW YORK — Target Corp. opened a store in New York’s East Village neighborhood on Wednesday. The 26,000-square-foot outlet is the first of three stores Target plans to open in the area this year. The retailer is set to open a store in Manhattan’s Lower East Side neighborhood in August, and one in Selden, N.Y.