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AI among the hot topics at this year’s Industry Day

AI among the hot topics at this year’s Industry Day

Two short spans of time — one just over 7 seconds and the other just under 15 minutes — were among the many talking points at The Emerson Group’s 2023 Industry Day last week. The day-long event brought together retailers and suppliers, brand innovators and other thought leaders to discuss the future

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation.

WBA’s Q4 earnings fall short of expectations

WBA’s Q4 earnings fall short of expectations

DEERFIELD, Ill. –  Walgreens Boots Alliance Inc. reported fourth quarter adjusted earnings of 67 cents per share, down 17% from a year earlier and one cent shy of analysts’ forecast. Fourth quarter revenue of $35.42 topped Wall Street’s estimate of $34.56 billion.

Rite Aid faces delisting from NYSE

Rite Aid faces delisting from NYSE

PHILADELPHIA – Rite Aid Corp. announced Thursday that the New York Stock Exchange informed the company that it is no longer in compliance with NYSE continued listing standards set forth in Section 802.01B (the Minimum Market Capitalization Standard), and Section 802.

Pitney Bowes data points to strong holiday season

Pitney Bowes data points to strong holiday season

Consumer data released today by Pitney Bowes suggest that shoppers will buy more online this holiday season than they did last year. The firm’s BOXpoll finds that just 20% of shoppers say they expect to spend less online this year. Nearly a third of consumers plan to shop online more in 2023