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BENTONVILLE, Ark. — Walmart has recruited experienced women executives to fill two top posts, including the newly created position of chief customer officer. That post is going to Janey Whiteside, an American Express Co. veteran who is set to assume her new job on August 1. The company is also bringing in Barbara Messing, an
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA), which entered the Dow this week, topped analysts’s forecasts with its third quarter earnings, boosted its dividend and announced a $10 billion share buyback. “I am pleased that, in what has been a challenging environment, we have again delivered solid earnings per share growth combined with healthy cash flow,” said
WASHINGTON — States can collect sales tax from online sellers even if those companies don’t have a physical presence in the state, the Supreme Court ruled on Thursday in a case with far-reaching implications for online commerce. “The physical presence rule has long been criticized as giving out-of-state sellers an advantage,” the court said in
CINCINNATI — Kroger Co. posted a $2 billion profit in its first quarter, largely on a windfall from the sale of its convenience stores. On the operations side of the business, online sales jumped 66% as overall sales rose 3.4% to $37.5 billion. Comparable-store sales increased 1.4% in the period ended May 26. Kroger raised
MINNEAPOLIS — Supervalu Inc. on Tuesday said it was proposing a plan to tranform itself into a holding company. The change in corporate structure would help enable the company’s strategic transformation, according to Supervalu proposal, which was outlined in a preliminary proxy statement/prospectus filed with the U.S. Securities and Exchange Commission. According to the proposal,
WOONSOCKET, R.I. — CVS Health has announced the management team that, following the close of the Aetna acquisition, will lead the combined company into the future. Aetna will operate as a stand-alone business unit within the CVS Health enterprise following the close and will be led by members of its current management team. In addition,
BENTONVILLE, Ark. — Walmart on Monday said it has sold a majority stake in its Brazilian operations to a private equity firm. The move is the second pullback from an international market this year for Walmart, which in April announced that it would merge its ASDA division in the United Kingdom with supermarket rival J.
GOODLETTSVILLE, Tenn. — Dollar General Corp. said Thursday that revenue jumped 30.5% to $6.1 billion in its first quarter as net sales increased 9%. Comparable-store sales rose 2.1% in the 13 weeks to May 4. First-quarter net income rose 9% to $365 million, or $1.36 per share. Dollar General reiterated its forecast for full-year earnings
CHANTILLY, Va. — Wegmans Food Markets Inc. is set to hold grand opening ceremonies on June 3 for a 120,000-square-foot supermarket here that will be its 11th store in Virginia and its 97th overall. Wegmans operates stores in Maryland, New Jersey, New York, Pennsylvania and Virginia. Wegmans said the new store carries more than 60,000 products,
CINCINNATI — Kroger Co. is buying Home Chef, a Chicago-based meal kit company with $250 million in sales. The companies say the deal will position Kroger to take the lead as consumers change the way they shop for and prepare the meals they cook at home. Kroger will pay $200 million for the Home Chef,
MINNEAPOLIS — Target Corp. on Wednesday reported that its first quarter store traffic increased 3.7% and its digital sales increased 28% over the comparable prior year figures. Target said the store traffic increase was its strongest performance in 10 years, and noted that its 28% digital sales gain was on top of a 21% increase
BENTONVILLE, Ark. — Walmart on Friday reported fiscal first quarter income of $2.1 billion on a 4.4% increase in revenue, to $122.7 billion, thanks largely to a jump in online grocery sales. Walmart’s digital sales increased 33% in the quarter ended April 27. The company projects online sales will increase 40% for the full year.