NEW YORK — Most retailers see online retailing as a critical part of their growth strategy, but that does not mean they can afford to neglect their brick-and-mortar stores. And in recent weeks a number of chains have detailed the sizable investments they plan to make in their physical stores this year. Dollar General Corp.,
NEW YORK — Having made a number of dramatic moves in the past year, from winding down its operations in Canada to selling its pharmacy business to CVS Health, Target Corp. is now focused on the elements needed to support ongoing growth. “Our future depends on getting the fundamentals right,” Target chairman and chief executive
TORONTO — McKesson Corp. announced on March 2 that it would strengthen its position in Canada’s pharmaceutical supply chain by acquiring drug store operator Rexall Health from Katz Group for $3 billion (Canadian). Rexall Health operates 470 Rexall/Rexall Pharma Plus pharmacies in six provinces and one territory. McKesson already owns drug stores in Canada and
BATAVIA, Ill. — In a move aimed at bolstering its leadership team to support its aggressive growth plans, Aldi has promoted Brent Laubaugh to serve as copresident of its U.S. operations, effective March 28. He will join current copresidents David Behm and Chuck Youngstrom, who will continue to serve in those roles. All three will
NEW YORK — The Thomson Reuters Same Store Sales Index is forecasting a 0.5% gain in U.S. same-store sales for February, which represents an improvement from January but would fall short of the 3% growth some analysts consider a benchmark for a flourishing retail sector. Costco Wholesale Corp. said its comparable-store sales in the four
ARLINGTON, Va. — The National Grocers Association released top-line results earlier this month from its consumer trends study, which for the first time segments independent supermarket shoppers from national chain shoppers. The consumer trends study was conducted online by Nielsen on behalf of NGA from December 7 through December 22, 2015, among 1,525 U.S. adults
WOONSOCKET, R.I. — CVS Health has launched a major initiative to stop people from smoking before they start. The chain drug retailer has introduced Be The First, a five-year, $50 million antismoking campaign targeting youth, with a goal of creating the nation’s first tobacco-free generation. Funded through CVS Health and the CVS Health Foundation, the
Many of the exciting new supermarkets appearing throughout the country these days are not coming from the usual sources. Rather, they’re products of retailers not normally associated with new, different, exciting or groundbreaking. Examples abound. Kroger’s newest supermarkets — like the recently opened stores in Cincinnati — are large superstores with a complete assortment of
Everyone recognizes CVS Health’s importance in the delivery of pharmacy care to Americans. During the past decade, the company not only augmented its already formidable presence in the drug store business but emerged as a major force in the pharmacy benefits management and retail clinic sectors. With the launch earlier this month of an initiative