Sears files for Chapter 11 bankruptcy
Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy.
Business
Walgreens delivers double-digit growth in earnings
Walgreens Boots Alliance posted mixed fourth quarter results, as earnings beat expectations but sales fell short of projections. Adjusted net earnings for the quarter ended August 31 rose 4.5% to $1.4 billion, up 4.5% on a constant currency basis, from a year ago.
Hemp in America at CWCBExpo Boston
The health, environmental, and economic benefits of reviving the hemp industry in America will be discussed and showcased in partnership with the National Hemp Association (NHA) at the Cannabis World Congress & Business Exposition (CWCBExpo), October 17-20, at the John B.
Packaged Facts reports Walmart’s expands customer base in war with Amazon
Among many of today’s consumers, retailer loyalty extends only as far as conveniently and cost-effectively getting the best price on the product they want. The retailer that meets that need wins the sale.
Walmart picks Nielsen Brandbank to enrich e-commerce content grocery categories
NEW YORK – Nielsen Brandbank has been chosen to join Walmart’s Connected Content Partner Program. With this designation, Nielsen Brandbank will be an official enrichment provider for Walmart, focused on creating and managing content for the retailer’s grocery categories.
WBA announces agreement with Securities and Exchange Commission
Walgreens Boots Alliance (WBA) announced today that the company has reached an agreement with the Securities and Exchange Commission (SEC) to fully resolve an investigation into forward-looking financial goals and related disclosures by Walgreen Co. (Walgreens).
Aetna agrees to sell all standalone Medicare Part D business
Ahead of its deal with CVS, Aetna announced an agreement to divest all of Aetna’s standalone Medicare Part D business to a subsidiary of WellCare Health Plans, Inc. (WellCare).
Rite Aid’s Q2 earnings meet expectations
CAMP HILL, Pa. – Rite Aid Corp. on Thursday posted second-quarter earnings that were in line with Wall Street’s expectations. The company also named three new board members and announced it was dividing the chairman and chief executive officer position.
WBA’s brands enter Chinese consumer market through Tmall Global
Walgreens Boots Alliance, Inc. and Alibaba Group Holding Ltd.
Amazon looks at rollout of cashier-less stores
Amazon is considering opening as many as 3,000 of its cashier-less Amazon Go convenience stores by 2021, unnamed sources familiar with the plan told Bloomberg News. Ten Go stores would be up and running by the end of 2018, 50 by the end of 2019 and up to 3,000 by 2021, according to
Mars looking at more sustainable business options
Mars is changing how it does business — one year from the launch from its “Sustainable in a Generation” Plan.
New study looks at breakfast trends
The old adage that breakfast is the most important meal of the day still rings true for most people, according to Packaged Facts’ report Breakfast: Retail Product Trends and Opportunities in the U.S.
Emerson Group opens new warehouse in Indiana
The Emerson Group recently held a ribbon-cutting ceremony this week to celebrate the opening of a new warehouse facility.
Fred’s reports second quarter results
Fred’s, Inc. reported financial results for the second quarter and six months ended August 4, 2018. Net sales down 4.3% to $419.7 million in second quarter 2018 versus $438.5 million 2017.
Novartis to sell portions of Sandoz U.S. portfolio to Aurobindo
Novartis today announced it has agreed to sell selected portions of its Sandoz U.S. portfolio, specifically the Sandoz US dermatology business and generic US oral solids portfolio, to Aurobindo Pharma USA Inc., for USD 0.9 billion of cash plus USD 0.1 billion of potential earn-outs.