Walmart saw sales rise for its 2018 fourth quarter and fiscal year, fueled by gains across its key divisions as well as robust e-commerce growth. Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from a year earlier.
Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and
Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports.
Rite Aid Corp. has completed the transfer of more than half of the stores it agreed to sell to Walgreens Boots Alliance last fall. Rite Aid said that, as of Feb. 8, it has transferred ownership of 1,114 stores and related assets to Walgreens Boots Alliance for cash proceeds of $2.424 billion.
Kevin Hourican, executive vice president of retail pharmacy and supply chain at CVS Health, will run the company’s retail division on an interim basis following the departure of Helena Foulkes.
Driven by growth in its pharmacy benefit management unit, and overcoming softness in its retail business, CVS Health posted increased sales and beat Wall Street’s earnings forecast for its 2017 fourth quarter and fiscal year. CVS said Thursday that for the fourth quarter ended Dec.
The escalating number of flu cases nationwide has hoisted sales of over-the-counter medicines and other products that help treat and manage flu symptoms, according to market research firm IRI. In a new report titled “Flu Fury: IRI Pinpoints How Flu Is Impacting U.S.
Several months after putting its convenience store business on the block, The Kroger Co. has landed a $2.15 billion deal to sell the unit to EG Group, a United Kingdom-based fuel station convenience store retailer.
Joseph Anto has joined Fred’s Inc. as executive vice president and chief financial officer, taking over from Jason Jenne, who is leaving the company. Anto comes to Fred’s from newspaper company MediaNews Group Inc. (DigitalFirst Media), where he was senior vice president of strategy and M&A.
Metro Inc. has wrapped up financing for its $4.5 billion (Canadian) deal to acquire the Jean Coutu Group. The Canadian food and drug retailer updated the status of the Jean Coutu acquisition on Tuesday in reporting its fiscal 2018 first-quarter results. Metro said sales rose 4.
Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands.
Within five to seven years, 70% of U.S. consumers will be doing at least some of their grocery shopping online, according to research findings released by the Food Marketing Institute and Nielsen at the FMI’s Midwinter Conference here.
Former Albertsons Cos. and Safeway executive Adam Wampler has joined Bartell Drugs as senior vice president of operations. The Puget Sound-area drug chain said Monday that Wampler most recently served as senior vice president of operations for Northern California at Albertsons.
Keurig Green Mountain Inc. and Dr Pepper Snapple Group plan to merge in a deal that will create a new beverage giant, Keurig Dr Pepper (KDP), in the North American market. Under the agreement announced Monday, Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend
Walmart has formed an alliance with Rakuten Inc., Japan’s largest online retailer.
Rite Aid Corp. is making changes in its category management team as it proceeds with an asset sale in which more than 40% of its drug stores will be transferred to Walgreens Boots Alliance (WBA).
