Rite Aid Corp. announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of the company’s Elixir Solutions Business to MedImpact Healthcare Systems, Inc. (MedImpact), an independent pharmacy benefit solutions company.
Leading chain drug and distribution executives provide their outlook for the coming year on the following pages, spelling out the challenges and opportunities that lie ahead for their companies and the industry.
CVS Health announced several leadership updates, effective immediately: • Senior vice president of Corporate Finance and interim CFO, Tom Cowhey, has been formally appointed the company’s next CFO.
Justin Heiser has officially taken over as the new president and CEO at Thrifty White Pharmacy. Heiser’s appointment was first announced last May, following the news that Robert (Bob) Narveson president and CEO of Thrifty White Pharmacy for almost 33 years, was stepping down from his role.
According to preliminary insights from Mastercard SpendingPulseTM, U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24.
Costco Wholesale Corp. on Thursday reported first-quarter sales and earnings results that beat Wall Street estimates. The company posted net sales of $56.72 billion for the 12-week fiscal first quarter ended November 26, an increase of 6.1% from the $53.
Acosta Group today announced its 2024 retail predictions, identifying how brands and retailers can win shopper loyalty, drive sales, and achieve efficiencies in another year of anticipated marketplace disruption.
The ultrafast grocery delivery company Getir said Friday that it has completed its acquisition of the online grocery delivery company FreshDirect from Ahold Delhaize.
U.S. health insurer Cigna has ended its attempt to negotiate an acquisition of rival Humana after the pair failed to agree on price, two sources familiar with the situation said on Sunday, as the company announced plans to buy back $10 billion worth of shares.
WASHINGTON – The holiday shopping season got off to a good start in November as retail sales showed strong gains, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access November retail data.
WASHINGTON – After a year of challenges, the economy has proven to be healthy even as it continues to slow, National Retail Federation Chief Economist Jack Kleinhenz said today. “The U.S. economy is on track to end 2023 with vigorous growth for the year,” Kleinhenz said.
Dollar General Corp. today posted mixed financial results for its third quarter, with profits falling while sales topped expectations on increased customer traffic and the opening of new stores. A 1.3% decline in same-store sales was smaller than had been forecast.
The Kroger Co. today said third-quarter sales declined from a year earlier as cautious shoppers spent less. But its operating profit grew more than 8% as the retailer gained market share and posted an 11% increase in digital sales compared with a year ago.
WASHINGTON – A study released Tuesday by the National Retail Federation and Prosper Insights & Analytics reported a record 200.4 million consumers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million.
According to Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment, U.S. retail sales on Friday, November 24 were up +2.5% year-over-year excluding automotive, not adjusted for inflation.
Deloitte has released its 2023 Black Friday Cyber Monday Survey today, which examines what retailers can expect from shoppers between Thanksgiving and Cyber Monday.
