Fred’s Inc. announced in a filing with the Securities and Exchange Commission that Joseph Anto is now the chief executive officer of the company, effective February 3. The board made the appointment on January 30. Previously, Anto served as Fred’s interim CEO as well as chief financial officer.
Amazon.com Inc. reported strong sales and net earnings gains for the fourth quarter, beating analysts’ estimates. But the company’s forecast for first quarter sales growth fell short of analysts’ projections, and shares fell in early morning trading on Friday. Net sales increased 20% to $72.
The global pharmaceutical market is expected to grow at a slower rate over the next five years, according to a new report released Tuesday from IQVIA. Global spending on medicine reached $1.2 trillion in 2018, according to the report, and by 2023, that number could exceed $1.5 trillion.
NEW YORK – Walgreens Boots Alliance was the big winner in the auction for the pharmacy assets of bankrupt retailer Shopko, taking charge of about half the assets that were on sale.
CAMP HILL, PA – Rite Aid Corp. announced today that its board of directors has approved a reverse stock split of the company’s common stock. The reverse stock split is intended to enable Rite Aid to regain full compliance with the New York Stock Exchange (NYSE) listing rules.
RetailMeNot released the top 10 trends that will define retail and marketing in 2019, based on survey insights from retail marketers and consumers.
Editor’s note: This is Part I of an article that ran in the 1/21/19 issue of CDR.
Finn Partners today released its annual 2019 Food & Beverage Beat, a report of US food and beverage trends that are “hot” and “not.” The new issue shares insights from eight industry thought leaders on consumer interests that might influence the 2019 U.S. food and beverage industry.
Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday.
CHICAGO – Sears chairman Eddie Lampert has submitted a revised bid in a last-ditch attempt to save the retailer from liquidation.
Edge by Ascential, a leading provider of highly accurate and actionable ecommerce data, insights and advisory solutions for global brands and retailers, has published their 11 top predictions for Amazon’s next moves in 2019 and beyond.
During a presentation of the 37th Annual J.P. Morgan Healthcare Conference here, CVS chief executive officer Larry Merlo talked about the integration efforts that have already taken place to integrate Aetna into its business.
Eli Lilly and Co. and Loxo Oncology, Inc. today announced a definitive agreement for Lilly to acquire Loxo Oncology for $235.00 per share in cash, or approximately $8.0 billion.
Ahold Delhaize announced Friday that Stop & Shop, its largest banner in the United States, has agreed to acquire King Kullen Grocery Co. The deal includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, N.Y.
2018 may be coming to a close, but it opened the door for people interested in modern cannabis culture, aka the “canna-curious”. During the year, an overwhelming number of visitors to Civilized.
Holiday sales increased 5.1% to $850 billion, according to the Mastercard SpendingPulse report, which characterized the season from November 1 through December 24 as retailers’ strongest holiday period in six years.
