NEW YORK — The past year was a good one for the retail industry, and a really good one for Target Corp. Speaking at the National Retail Federation’s recent Big Show convention here, Target chairman and chief executive officer Brian Cornell noted that during the recent holiday season his company posted its best sales in
CHICAGO — Earlier this month, Sears Holdings Corp. chairman Eddie Lampert was the victor in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open. Lampert’s bid, upped from an earlier $5 billion offer, prevailed after weeks of
GREEN BAY, Wis. — Shopko Stores Operating Co. filed for Chapter 11 bankruptcy protection on January 15 and said it would shutter more than 100 stores as part of its reorganization plan. In seeking court protection from creditors, Shopko cited assets of less than $1 billion and liabilities of between $1 billion and $10 billion.
SAN FRANCISCO — While speaking at the 37th Annual J.P. Morgan Healthcare Conference at the Westin St. Francis Hotel here, CVS Health chief executive officer Larry Merlo discussed efforts under way to integrate Aetna into its business. Those efforts include CVS opening the first of a series of concept stores next month in the Houston
PHOENIX — Sprouts Farmers Market is moving into three new markets — Louisiana, New Jersey and Virginia — with nine new stores slated to open in the second quarter, the company announced earlier this month. Four of the new stores will feature an enhanced layout catering to the latest shopper trends through optimized customer engagement.
DEERFIELD, Ill. — Walgreens Boots Alliance announced it is teaming up with Microsoft to make health care delivery more personal, affordable and accessible for people around the world. The collaboration will combine WBA’s customer reach, convenient locations, outpatient health care services and industry expertise with the Microsoft Azure cloud computing platform and services. “Our strategic
WASHINGTON — With digital shopping on the rise, consumers are increasingly expecting free delivery of items purchased online while at the same time embracing new options such as in-store pickup of those items, according to the latest issue of the Consumer View report released this month by the National Retail Federation. Consumer View is a
2018 was a pretty big year for CBD; “CBD gummies” reached No. 3 on Google’s most popular search terms. Thanks to a lack of product regulation, coupled with strict advertising restrictions, the marketplace is awash with misleading claims and confusing language, resulting in an interested consumer who may not understand the benefits, the options, or
Chris Baldwin kicked off the National Retail Federation’s Big Show in New York City earlier this month by assuring attendees at the event’s first Main Stage presentation that rumors of the industry’s “demise were greatly exaggerated.” The chairman, president and chief executive officer of BJ’s Wholesale Club and current NRF chairman then elaborated on his
A retail renaissance is coming. That is the view of a new report from Coresight Research, which argues that 2019 will be a year of reinvention, for the retail industry and for retail stores. “By the end of 2019, we expect to see spectacular new flagships, many more online-to-off-line ventures and smarter supply chains,” writes