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BENTONVILLE, Ark. — Walmart and Lord & Taylor announced Monday that they are teaming up to create a new online fashion destination. The companies said that Lord & Taylor will launch a flagship store on Walmart.com. The online store, expected to launch in spring 2018, will let Walmart.com offer a specialized online experience featuring Lord
MINNEAPOLIS — Target says its ability to use its store network to get online orders faster, together with the compelling new brands it has on offer, should translate into a strong sales in the upcoming holiday season. The retailer pointed out in a blog post Monday that it offers online shoppers a number of ways
TORONTO — Next year, Loblaw Cos. plans to launch a unified customer loyalty program that joins the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart and supermarket chains. Called PC Optimum, the combined loyalty program will enable members to earn and redeem loyalty points across Loblaw’s network of nearly 2,500 grocery and
AMSTERDAM — Ahold Delhaize’s third quarter results beat analyst expectations, as the company reported sales and earnings gains. “We reported a strong financial performance again this quarter as margins increased significantly, driven by synergies while savings from our “save for our customers” programs are continuously being reinvested in the business,” Ahold Delhaize chief executive officer
WOONSOCKET, R.I. — Despite sales declines in its retail pharmacy business, CVS Health saw overall revenue rise and bested Wall Street’s earnings forecast for its fiscal 2017 third quarter. CVS said Monday that for the third quarter ended Sept. 30, sales totaled $46.18 billion up 3.5% from $44.62 billion a year earlier. CVS third-quarter sales
NEW YORK — For 2017, the U.S. retail industry stands to turn in solid sales growth, including healthy holiday retail sales, despite continued pressure on operating results, according to Moody’s Investors Service. Moody’s pegs 2017 U.S. retail sales growth at 3% to 4%, upholding its previous outlook. However, the rating agency has lowered its forecast
GOODLETTSVILLE, Tenn. — Dollar General Corp. has named Rob Scruggs its chief digital and customer engagement officer. In the new post he will lead the retailer’s strategy for customer engagement, including digital experience and tools. Scruggs brings over 17 years of experience focused on customer and user engagement to his new post. He most recently
BENTONVILLE, Ark. — Walmart is testing the use of robots that can move down the aisles of its stores, scanning shelves for out-of-stock items, missing shelf tags or other problems. The company says the aim is not to reduce the number of employees in its stores, but to use automation to handle tasks that are
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to close 600 stores starting next year as it rationalizes its U.S. drug store base following the $4.375 billion purchase of 1,932 Rite Aid stores. In reporting its fiscal 2017 fourth-quarter and annual results on Wednesday, WBA said it expects to finalize the Rite Aid store acquisition
DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s (WBA’s) revenue and adjusted earnings for the fourth quarter beat analysts’ estimates, as the company benefited from an expansion of Walgreens’ mail order services. Share price of the company’s stock rose 4.3% to $70.15 in premarket trading today after WBA also forecast 2018 earnings largely above Wall Street
CINCINNATI — Kroger Co. said Tuesday that Fred Morganthall will retire November 30 as executive vice president of retail operations. Morganthall will be succeeded by Kroger’s executive vice president of merchandising, Mike Donnelly, who on November 1 will assume responsibility for both operations and merchandising as executive vice president and chief operating officer. Donnelly will
New York — Target Corp. held a ribbon cutting ceremony Thursday night for a new small-format store located directly across the street from the flagship Macy’s department store in Midtown Manhattan. The new Herald Square store, which officially opens to the public on Friday morning, is one of 11 small-format stores Target is opening across