Rite Aid reaches settlement with FTC
Rite Aid Corp. announced Thursday that it has reached a comprehensive settlement agreement with the U.S.
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Rite Aid agrees to bankruptcy mediation
On Tuesday Rite Aid got court approval for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic.
Hy-Vee announces two concerts for 2024 Hy-Vee INDYCAR Race Weekend
Today, Hy-Vee announces that award-winning artists Luke Combs and Post Malone will lead the star-studded entertainment lineup for next summer’s Hy-Vee INDYCAR Race Weekend, July 12-14, 2024.
Yellow Wood Partners announces acquisition of Elida Beauty from Unilever
BOSTON – Yellow Wood Partners today announced a binding offer to acquire Elida Beauty, a portfolio of brands from Unilever (NYSE: UL). The Elida Beauty portfolio includes Unilever brands Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and VO5.
Spirit of Gallo adds new category to portfolio
MODESTO, Calif. – Spirit of Gallo, the No. 3 spirits supplier in the U.S. by volume, announced recently that it will add a new category to its fast-growing spirits portfolio: Soju. As a result of the partnership with LOTTE Chilsung Beverage Co., Ltd.
Costco tops sales, earnings expectations in Q1
Costco Wholesale Corp. on Thursday reported first-quarter sales and earnings results that beat Wall Street estimates. The company posted net sales of $56.72 billion for the 12-week fiscal first quarter ended November 26, an increase of 6.1% from the $53.
Acosta Group forecasts retail trends for 2024
Acosta Group today announced its 2024 retail predictions, identifying how brands and retailers can win shopper loyalty, drive sales, and achieve efficiencies in another year of anticipated marketplace disruption.
Kroger unveils holiday savings
The Kroger Co. today unveiled increased savings, affordable meal ingredients and a holiday gift guide to customers as they prepare for the holidays.
Getir completes acquisition of FreshDirect
The ultrafast grocery delivery company Getir said Friday that it has completed its acquisition of the online grocery delivery company FreshDirect from Ahold Delhaize.
NRF debuts Center for Retail Sustainability
WASHINGTON – The National Retail Federation announced this week the launch the NRF Center for Retail Sustainability, which will serve as the industry’s hub to support retailers’ efforts to generate economic value while creating net positive environmental, social and community benefits.
NACDS lauds CMS letter challenging PBM and health plan tactics
NACDS is welcoming a proactive move by the Centers for Medicare & Medicaid Services (CMS) to outline increasing concerns about certain practices by some plans and pharmacy benefit managers (PBMs) that “threaten the sustainability of many pharmacies, impede access to care, and put increased burden on
Dr. Reddy’s debuts on the Dow Jones Sustainability World Index
HYDERABAD, India – Dr. Reddy’s Laboratories has won back-to-back global recognitions for its commitment and progress on sustainability and Environment Social and Governance (ESG) agenda. Dr.
Next-Gen VR shopping: Beautyque NYC launches Beautyque Verse
NEW YORK – Beautyque NYC announces the soft launch of its new Virtual Reality shopping App titled Beautyque Verse, marking its move into the next generation of VR shopping. This beta version of the platform is available for Oculus, iOS, and Android users.
Industry celebrates NACDS’ 90th anniversary
The industry came together last night at the Ziegfeld Ballroom to recognize the National Association of Chain Drug Stores for its long list of contributions to retailing and health care over the past nine decades.
PQA appoints 2024 board of directors and executive committee
ALEXANDRIA, Va. – The Pharmacy Quality Alliance (PQA) Board of Directors appointed seven new members to the 25-member board and approved its 2024 Executive Committee during the 2023 fourth quarter meeting. Individuals will begin serving January 1.