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U.S. retail sales grew over 3.1% this holiday season
PURCHASE, N.Y. — According to preliminary insights from Mastercard SpendingPulseTM, U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1...
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WBA beats Q1 projections, cuts dividend
DEERFIELD, Ill. — Walgreens Boots Alliance topped Wall Street’s expectations for first quarter sales and earnings, but slashed its quarterly dividend nearly in half. WBA cut its dividend to 25 cents...
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CVS Pharmacy unveils more simplified loyalty experience
WOONSOCKET, R.I. — CVS Pharmacy announced the evolution of its loyalty program to include two membership tiers: ExtraCare and ExtraCare Plus. ExtraCare: The popular, no-fee loyalty program through...
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CVS Health announces leadership appointments
WOONSOCKET, R.I. — CVS Health announced several leadership updates, effective immediately: • Senior vice president of Corporate Finance and interim CFO, Tom Cowhey, has been formally appointed the...
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Walmart saluted as Health Care Provider of the Year
BENTONVILLE, Ark. — In the realm of health and wellness, the endpoint is where Walmart begins. After first gaining a thorough understanding of patients, customers and their needs, the company has set...
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CVS’ Balbale is top merchant
Musab Balbale WOONSOCKET, R.I. — CVS Health has a unique opportunity, says chief merchandising officer Musab Balbale, and it’s twofold. First, as an operator of more than 9,000 stores focused on...
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Regional Chain of Year honor goes to Kinney
GOUVERNEUR, N.Y. — Kinney Drugs can trace its history back to over 120 years ago when Burt Kinney established the very first store here in 1903. Over the next 95 years, the company slowly expanded to...
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Hy-Vee’s Edeker is extolled for lifetime achievement
WEST DES MOINES, Iowa — Randy Edeker is a visionary force who has left an undeniable mark on the retail industry. Since taking the helm of Hy-Vee as chairman and chief executive officer in 2012,...
View ArticleVideo Forum: Rodney McMullen, Kroger
This week’s Video Forum features Kroger chairman and CEO Rodney McMullen, newly named Retailer of the Year at MMR (Chain Drug Review‘s sister publication). McMullen discusses some of the major...
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Rite Aid rolls out same-day delivery option
PHILADELPHIA – Rite Aid announced the launch of its same-day delivery service for Rite Aid customers within 15 miles of select store locations. Rite Aid customers can shop over 17,000 essential health...
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New report from CVS looks at future of community pharmacy
WOONSOCKET, R.I. — CVS Health has released The Rx Report: The future of community pharmacy opens doors to healthier communities, which outlines the evolution of consumers’ expectations of community...
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FMI honors seven exemplary food industry leaders
MARCO ISLAND, Fla. – FMI — The Food Industry Association on Friday presented its 2024 Executive Leadership Awards to seven executives who “exemplify excellence in the food industry through innovative...
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Target rolling out over 1,000 wellness products
MINNEAPOLIS — Target Corp. announced on Wednesday that it is introducing more than 1,000 new wellness-related products starting at just $1.99 to support guests on their wellness journey without...
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WBA stockholders elect Robert Huffines to board
DEERFIELD, Ill. — Walgreens Boots Alliance, Inc. (WBA) announced the election of Robert (Robbie) Huffines to the company’s board of directors at its 2024 Annual Meeting of Stockholders. He joins the...
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NRF Survey foresees solid Valentine’s Day sales
WASHINGTON – Americans are expected to spend a record $14.2 billion on their significant others this Valentine’s Day, according to the annual survey by the National Retail Federation and Prosper...
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Walmart announces 3-for-1 stock split
BENTONVILLE, Ark.– Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart’s ongoing review of optimal trading...
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Walmart vows to invest in stores and jobs
BENTONVILLE, Ark. — Walmart on Wednesday detailed investments in new and remodeled stores that will create new jobs while offering an improved shopping experience for its customers. The planned...
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Rite Aid completes sale of Elixir to MedImpact
PHILADELPHIA — Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for approximately $575 million. Jeffrey Stein “We are...
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Amazon’s Q4 performance beats expectations
SEATTLE — Amazon on Thursday reported fourth-quarter sales and earnings that topped analysts’ expectations, driven in part by a “record-breaking” holiday season. The company said its net sales...
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Walgreens partners with colleges of pharmacy
DEERFIELD, Ill. – As a trusted, convenient local healthcare destination that millions of Americans rely on every day, Walgreens is expanding its long-standing relationships with colleges of pharmacy...
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