Lampert’s Sears bid accepted

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

CVS’ Merlo outlines Aetna integration efforts

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

Sprouts enters three states

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.

WBA collaborates with Microsoft

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

Kroger at home with innovation

Kroger at home with innovation

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

Target Named Retailer of Year by MMR

Target Named Retailer of Year by MMR

MINNEAPOLIS — Target Corp. is hitting the bullseye. Target headed into the 2018 holiday season bolstered by a strong third quarter performance that included a 5.1% increase in comparable sales, a 49% gain in digital channel sales and a 5.3% increase in customer traffic. Total revenue for the three months ended November 3 was $17.8