Consumers ‘willing to spend’ even as growth slows
WASHINGTON – NRF chief economist Jack Kleinhenz says shoppers are still spending money in retail stores even as smaller wage gains and high interest rates slow consumer spending growth. “U.S.
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EV charging ports to be deployed by FLO and METRO
QUEBEC City, Canada – FLO, a leading North American electric vehicle (EV) charging company and METRO Inc. announced a new partnership to provide fast charging at more than 130 grocery store locations across Quebec and Ontario.
Innovation fuels growth: Store brand beauty industry witnesses double-digit growth
From Family Dollar’s hyaluronic acid serum to Sephora’s volumizing mascara, product innovation has led to the rapid rise of the store brand beauty and personal care market. Total dollar sales of the private label beauty department rose 10.4% to $3.9 billion last year vs.
Father’s Day spending to hit $22.4 billion
WASHINGTON – Father’s Day spending is expected to reach $22.4 billion this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This is the second-highest figure in the survey’s history and on par with last year’s record of $22.
SpartanNash names Graham McIvor VP for merchandising and pharmacy
GRAND RAPIDS, Mich. – Food solutions company SpartanNash announced the appointment of Graham McIvor as vice president, Merchandising and Pharmacy, effective immediately.
Bausch + Lomb announce Blink NutriTears
Bausch + Lomb Corp. has announced the U.S. launch of Blink NutriTears, a clinically proven over-the-counter supplement that targets the key root causes of dry eyes, promotes healthy tear production and provides noticeable relief of eye dryness symptoms in as little as two to four weeks.
Aurigene opens biologics facility
Aurigene Pharmaceutical Services Ltd., a Dr. Reddy’s Laboratories Ltd. company, inaugurated its biologics facility spread across 70,000 square feet in Genome Valley, a bio cluster in Hyderabad.
ChapStick acquisition completed
BOSTON – Yellow Wood Partners has announced that its portfolio company, Suave Brands Company, has acquired the ChapStick brand from Haleon. Due to this transaction, Haleon has become a shareholder in Suave.
GlobalData sees ‘revolution’ in obesity treatment
Over 100 products are in active clinical development for obesity, and 66 biotech and pharma companies are involved in obesity clinical trials, according to a new GlobalData report.
Video Forum: Kathleen McLaughlin, Walmart
Kathleen McLaughlin, executive vice president and chief sustainability officer at Walmart, tells this week’s Video Forum about the retailer’s commitment to being a regenerative company.
Massive untapped potential for in-store retail media according to new eMarketer data
CHICAGO – CoolerX (formerly Cooler Screens), the technology company powering the in-store retail media and merchandising revolution, today emphasized brand-new data from eMarketer underscoring the significant growth opportunities for in-store retail media advertising.
Moderna gets FDA approval for RSV vaccine mRESVIA
Moderna announced Friday that the U.S. Food and Drug Administration (FDA) has approved mRESVIA (mRNA-1345), an mRNA respiratory syncytial virus (RSV) vaccine, to protect adults aged 60 years and older from lower respiratory tract disease caused by RSV infection.
Costco turns in strong third quarter performance
Costco Wholesale Corp. reported net sales of $57.39 billion for its fiscal third quarter, up 9.1% over the prior year quarter. Net sales for the 36-week year-to-date period increased 7%, to $171.44 billion.
NACDS engages in Food as Medicine Strategy Summit
NACDS participated on May 30 in a panel discussion hosted by thINc360 – The Healthcare Innovation Congress, which focused on how pharmacies and other healthcare stakeholders can help broaden the impact of food is medicine programs through technology, partnerships, and evidence-based interventions.
Hy-Vee dietitians to offer 2,000 free omega-3 index screenings in June
Hy-Vee, Inc. announced today that it will provide 2,000 free omega-3 index screenings during June at select Hy-Vee stores throughout its eight-state region as a part of Alzheimer’s and Brain Awareness Month. Omega-3 fatty acids are essential to the body as they support a healthy heart and brain.