CNBC/NRF: Retail sales grew in March at a steady pace
WASHINGTON – Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.
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Video Forum: Mark Baum, FMI – The Food Industry Association
Mark Baum, senior vice president of industry relations and chief collaboration officer at FMI – The Food Industry Association, tells this week’s Video Forum about the ongoing drive to elevate the presence of supermarket operators and their suppliers in the household products, general merchandise,
99 Cents Only Stores is going out of business
The value retailer 99 Cents Only Stores LLC commenced going-out-of-business sales at all of its locations on Friday, as part of a plan to wind down its operations and close all its stores. The liquidation sale will include all 371 of the retailer’s stores, which are located in Arizona, California,
CVS expands pharmacy tuition assistance and scholarship programs
To support the next generation of pharmacists, CVS Health announced two new offerings for pharmacy students: an enhanced PharmD tuition assistance program for eligible CVS Pharmacy interns and a new scholarship for students enrolled in pharmacy schools nationwide.
McKesson launches Project Oasis
IRVING, Texas – McKesson Corp. announced the launch of Project Oasis, a new initiative aimed at advancing health equity for at-risk populations in underserved communities.
WBA beats estimates for Q2 sales and profits
Walgreens Boots Alliance Inc. topped analysts’ forecasts for second quarter revenue and adjusted earnings. WBA posted adjusted earnings per share of $1.20, well above Wall Street’s predicted 82 cents. Sales of $37.05 billion exceeded the estimated $36.22 billion. The company posted a net loss of $5.
Video Forum: Brian Nightengale, Inmar Intelligence
In this week’s Video Forum, Brian Nightengale, the new president of health care solutions at Inmar Intelligence, discusses how data-driven tools and insights can make community pharmacy and other aspects of health care more productive operationally, while at the same time enhancing patient care.
NRF forecasts retail sales to reach at least $5.23 trillion in 2024
WASHINGTON – The National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion.
Retailing accounts for most private sector jobs
WASHINGTON – The retail industry continues to be a top employer, according to a new report released by the National Retail Federation on Monday, which found that retailers supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment.
Senators voice support for PBM reform
Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass meaningful PBM reform as soon as possible.
Family Dollar to close nearly 1,000 stores
The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023.
Video Forum: Mike Wysong, CARE Pharmacies
about both the association and the industry. Wysong shares his views about the current state of the retail pharmacy business, as well as such important issues as PBM reform, expanding the scope of
Biden vows to cut costs of Rx drugs
President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications.
Kroger’s Q4 earnings beat expectations
Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.
Rite Aid to divest majority of Health Dialog assets
Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions.
Target’s earnings top expectations, but sales lag
Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said. Target reported that GAAP and adjusted earnings per share of $2.98 was 57.