WASHINGTON – Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record, according to the annual survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics. “Valentine’s Day is a special occasion to shop for
In the conclusion of a two-part interview, Haleon CEO Brian McNamara and Lisa Paley, president of the O-T-C supplier’s North American business, discuss the self-care category’s standing in a post-COVID world. Among the issues addressed are the continued importance of Rx-to-O-T-C switches, steps that the company is taking to fuel innovation, and the need for
NEW YORK – The National Association of Chain Drug Stores (NACDS) Foundation celebrated its 24th Annual Foundation Dinner in New York City on November 30. The event raised more than $1.5 million, which will help support evidence-based research, pharmacy education and philanthropic initiatives to improve patient outcomes and advance population health. More than a dozen
NEW YORK — Walmart took the top spot in Kantar’s PoweRanking report for the 26th consecutive year, a feat that Kantar calls a testament to the retailer’s strength, scale, and focus over time. PoweRanking is the industry’s leading assessment of best-in-class manufacturers and retailers. Chosen by their peers, leaders are ranked on a range of
MINNEAPOLIS — Target Corp.’s shares fell in early trading on Wednesday, after the company reported softening sales and a drop in earnings for its fiscal third quarter. Target reported that its comparable sales increased 2.7% in the quarter, on top of 12.7% growth in last year’s quarter. That performance was led by growth in such
SALISBURY, N.C. — Food Lion Feeds has surpassed $1 million in support to No Kid Hungry, a national campaign committed to ending childhood hunger. Food Lion Feeds was founded in 2014 by Food Lion to address food insecurity in the towns and cities that the grocery retailer serves. “No child should ever have to worry
CINCINNATI — Kroger Co. is seeking to acquire Albertsons Cos. and could announce a deal this week, according to published reports. Kroger is the nation’s top traditional grocery store operator, with almost 2,800 food stores operating under about 20 different banners, including Kroger, Ralphs, Dillons, Smith’s, King Soopers, Fry’s, QFC, City Market, Owen’s, Jay C,
BENTONVILLE, Ark. — Howard Hacker will be joining the Walmart on October 17 as the new vice president of health and wellness compliance, the company said Tuesday. Hacker will report to Matt Miner, Global Chief Ethics and Compliance Officer. “Howard Hacker brings a wealth of knowledge and experience to this role and will be responsible
NEW YORK — With more than 2,000 exhibit booths, the PLMA event being held from Nov. 13 through Nov. 15 at the Donald E. Stephens Convention Center Center in Chicago will be the largest convention for store brands in North America. “The exhibit hall will be filled with thousands of new products that will shape
NEW YORK — Holiday retail sales are likely to increase between 4% and 6% in 2022, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and consumer products practice projects holiday sales will total $1.45 to $1.47 trillion during the November to January timeframe. In 2021, holiday sales grew by 15.1% in the same period.
CINCINNATI — The Kroger Co. today announced it will expand its grocery delivery option through the addition of spoke facilities in Nashville, Tenn., and Maywood, Ill. “Kroger Delivery offers customers a truly differentiated service,” said Bill Bennett, vice president and head of e-commerce for Kroger. “Orders are transported in refrigerated trucks and delivered by trained
WOONSOCKET, R.I. — CVS Health has pulled out of the National Association of Chain Drug Stores, depriving the retail pharmacy trade group of the country’s largest drug chain by number of stores. CVS also owns the nation’s biggest pharmacy benefits manager. CVS’ nearly 10,000 stores made up almost a quarter of the pharmacies NACDS represents. “Every