LOUISVILLE, Ky. — Mary Lee Reinscheld became the first Medicare beneficiary to sign up for the Humana Walmart-Preferred Rx Plan, at a kiosk in a Walmart store here earlier this month. Mary Lee Reinscheld became the first Medicare beneficiary to sign up for the Humana Walmart-Preferred Rx Plan, at a kiosk in a Walmart store
ROGERS, Ark. — Former Walmart president Jack Shewmaker, who was instrumental in developing the retailer’s everyday low pricing strategy, died on November 17. He was 72. Former Walmart president Jack Shewmaker, who was instrumental in developing the retailer’s everyday low pricing strategy, died on November 17. He was 72. Shewmaker joined Walmart in 1970 as
WASHINGTON — The Centers for Medicare & Medicaid Services has issued a final rule that withdraws provisions of the Medicaid pharmacy reimbursement formula using the average manufacturer price (AMP) model. The Centers for Medicare & Medicaid Services has issued a final rule that withdraws provisions of the Medicaid pharmacy reimbursement formula using the average manufacturer
MINNEAPOLIS — Target Corp. expects a good holiday season that will yield the retailer’s highest quarterly same-store sales gains in three years. Target Corp. expects a good holiday season that will yield the retailer’s highest quarterly same-store sales gains in three years. "While consumers remain conservative in their purchasing behavior, we’re encouraged by recent signs
NATICK, Mass. — BJ’s Wholesale Club Inc. posted better than expected results for the third quarter as rumors swirled that the company is seeking a buyout. BJ’s Wholesale Club Inc. posted better than expected results for the third quarter as rumors swirled that the company is seeking a buyout. The membership warehouse club operator reported
MINNEAPOLIS — David Boehnen will retire as executive vice president at Supervalu effective December 15. He will , however, be a consultant to the company and a senior counselor to president and chief executive officer Craig Herkert for one year. David Boehnen will retire as executive vice president at Supervalu effective December 15. He will
NEW YORK — With crunch time approaching for retailers and shoppers, conflicting forecasts made it difficult to gauge what to expect from the holidays. With crunch time approaching for retailers and shoppers, conflicting forecasts made it difficult to gauge what to expect from the holidays. The lack of consensus was somewhat puzzling in view of
WASHINGTON — Category-leading suppliers managed above average sales gains in 2009 while spending less than average on their sales operations. Category-leading suppliers managed above average sales gains in 2009 while spending less than average on their sales operations. That is one of the findings of a report on winning customer and channel management practices released
DALLAS — Consumers continue to switch to private label products in an effort to save money, a recent poll suggests, even in categories where they once held out for national brands. Consumers continue to switch to private label products in an effort to save money, a recent poll suggests, even in categories where they once
One of the great retailing careers will come to an end next spring, when Tesco CEO Terry Leahy officially retires. One of the great retailing careers will come to an end next spring, when Tesco CEO Terry Leahy officially retires. During a 14-year run as head of what has become the world’s third-largest — and
In a business environment filled with serious, deep-rooted challenges, operators of conventional supermarkets find themselves in perhaps the most difficult position in mass market retailing. In a business environment filled with serious, deep-rooted challenges, operators of conventional supermarkets find themselves in perhaps the most difficult position in mass market retailing. Beset by competition from merchants