E.l.f. Beauty Inc. cites its strong social media presence and multichannel approach as key factors behind its robust sales growth. The cosmetics and beauty care company late Thursday reported an 11% year-over-year sales gain to $56.3 million for the third quarter and a 22% rise to $153.
The chain drug industry upheld its base of pharmacy advocates in Congress despite “one of the most tumultuous election cycles in modern times,” said National Association of Chain Drug Stores president and chief executive officer Steve Anderson.
TABS Analytics next week plans to release the results of its third annual TABS Analytics Beauty Study, shedding some light on the ever-changing buying habits of consumers in a core mass retail market.
Dollar General Corp. plans to open the first of its new small-format stores early next year in Nashville. Dubbed DGX, the new format aims to serve busy metropolitan shoppers with everyday-low prices on daily essential items in a convenient, easy-to-shop format, Dollar General said Wednesday.
Walgreens has filed a breach-of-contract lawsuit against former lab testing partner Theranos Inc., the companies confirmed. The civil suit was filed Nov. 8 in U.S.
CVS Health posted sales gains in both of its business units and adjusted earnings per share above Wall Street’s forecast for the 2016 third quarter.
Walmart executive Carmen Bauza is leaving the company to join interactive media retailer HSN Inc. HSN said Monday that Bauza is slated to join HSN/Home Shopping Network as executive vice president and chief merchandising officer on Nov. 28.
CVS Health plans to terminate about 600 corporate jobs over the next couple of months. The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said.
Target Corp. announced that Anne Dament, senior vice president of grocery merchandising, will be leaving the company on Nov. 18 after 18 months in the role. The retailer said it will conduct an extensive search within and outside the company to find Dament’s replacement.
Sales continued to slump at Fred’s Inc. as the company posted declines for October. Fred’s said Thursday that revenue for the four weeks ended Oct. 29 totaled $157.3 million, down 4.2% from $164.2 million a year earlier. Same-store sales decreased 3.4%, compared with a 2.3% uptick a year ago.
Whole Foods Market co-founder John Mackey will take the reins as sole chief executive officer of the company, as Walter Robb steps down from his post as co-chief executive officer.
Affiliates of private equity firm Kohlberg Kravis Roberts & Co. (KKR) plan to sell their remaining interest in Walgreens Boots Alliance (WBA) through a secondary stock offering. WBA said Wednesday that the KKR affiliates aim to sell 20.
Paul Urick has been promoted to president at Diplomat Pharmacy Inc., succeeding Gary Kadlec, who is retiring.
Benzer Pharmacy has set foot in its 12th state with the opening of its first store in Arkansas. Located at 300 Perry St. in Helena, Ark., the new Benzer location houses a full-service pharmacy and offers over-the-counter health products, immunizations, health consultations and personalized care.
Competition remains fierce in the chain pharmacy industry, albeit with a decreasing number of players. If the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. goes through, the field will diminish dramatically, especially in major metropolitan areas.
Consumers are expected to increase their spending this holiday season, bolstered by an economy that is showing signs of strength. The National Retail Federation (NRF) expects sales in November and December (excluding cars, gasoline and restaurant sales) to increase 3.6% to $655.8 billion.
