Walgreens to lay off 10% of corporate staff
Walgreens announced this week that it will be cutting over 500 jobs with most of the cuts impacting employees at the company’s Deerfield headquarters and its Chicago office, said a company spokesperson.
Business
Grocery shoppers expand perception of value
Grocery shoppers are considering a wider range of factors beyond just price when they evaluate whether the items they buy offer “good value,” according to a recent survey conducted by FMI – The Food Industry Association. The survey, part of FMI’s U.S.
Walmart reports strong Q1 results
BENTONVILLE, Ark. – Walmart said Thursday that revenue increased 7.6% to $152.3 billion in its first quarter, topping Wall Street expectations. The company also raised its fiscal 2024 forecast; management now expects consolidated net sales will rise about 3.5% this year.
NRF reports retail sales rose in April
WASHINGTON – Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said Tuesday.
Kearney Consumer Institute issues Q2 2023 briefing
CHICAGO – Today global management consulting firm Kearney’s consumer think tank, the Kearney Consumer Institute (KCI), releases its Q2 2023 briefing on corporate transparency, Blank space: the transparency disconnect The report looks into the complicated relationship consumers have with brand trans
Circana: Discretionary retail spending down 7% in April
CHICAGO – In April 2023, discretionary U.S. general merchandise retail sales revenue fell 7%, compared to April 2022, and unit sales fell 8%.
Price hikes across 10 popular grocery categories in U.S. and Europe
ST. PETERSBURG, Fla.– For the first quarter of 2023, prices in several food and personal care categories topped the overall rate of inflation in the U.S. and Europe, according to the Catalina Shopping Basket Index.
WBA sells shares of AmerisourceBergen Corp. for $694 million of initial proceeds
Walgreens Boots Alliance (WBA) announced Friday that it has sold shares of AmerisourceBergen Corp. common stock pursuant to variable prepaid forward transactions executed in reliance on Rule 144 of the Securities Act of 1933, as amended, for current proceeds of approximately $644 million.
Scripta Insights expands leadership team
BOSTON – Scripta Insights, the Rx Navigation company that guides self-insured employers, health plans and their members to prescription savings, announced today key expansions to its executive leadership team with Ferrin Williams as Chief Pharmacy Officer and Ashley Moyer as Senior Vice President of
PLMA’s 2023 Executive Education Program is open for enrollment
Amid record store brand sales growth, the time is right for the industry to double down on ways to ensure that the stellar performance continues. PLMA’s 2023 Executive Education Program will provide attendees with the tools to help make that happen.
Catalina: Inflation hits 2023 Mother’s Day gift categories
ST. PETERSBURG, Fla. – With Mother’s Day ranking as the second most popular gift-giving holiday in the U.S, per the National Retail Federation, and with inflation still an ongoing concern, shoppers across the country are seeking the perfect present for the moms in their lives.
CVS Health completes acquisition of Oak Street Health
CVS Health announced Tuesday that it has completed its acquisition of Oak Street Health.
Consumer splurge spending drives sales
In its latest paper, “For Consumers, Splurges Aren’t Just Lipstick,” based on the ongoing Global State of the Consumer Index, Deloitte asked consumers in 23 countries if they were making purchases to treat themselves, then created a database with nearly 150,000 consumer descriptions of their splurge
Consumer splurge spending drives sales
In its latest paper, “For Consumers, Splurges Aren’t Just Lipstick,” based on the ongoing Global State of the Consumer Index, Deloitte asked consumers in 23 countries if they were making purchases to treat themselves, then created a database with nearly 150,000 consumer descriptions of their splurge
Amazon announces first quarter results
Amazon on April 27 posted a profit of $3.2 billion for the first quarter, up from a loss of $3.8 billion in the year-ago quarter and easily surpassing analysts’ estimates. The swing to a profit came as Amazon ramped up cost-cutting measures.
Amazon announces first quarter results
Amazon on April 27 posted a profit of $3.2 billion for the first quarter, up from a loss of $3.8 billion in the year-ago quarter and easily surpassing analysts’ estimates. The swing to a profit came as Amazon ramped up cost-cutting measures.