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NACDS urges Biden to push for PBM reform

NACDS urges Biden to push for PBM reform

WASHINGTON – The National Association of Chain Drug Stores (NACDS) continues to call for the immediate implementation of reforms to address the tactics of pharmaceutical benefit middlemen, amid attempts by PBMs to stall Congressional action and perpetuate their harmful practices.

NRF Economist: Inflation remains key

NRF Economist: Inflation remains key

WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S.

FTC sues to block Kroger-Albertsons Merger

FTC sues to block Kroger-Albertsons Merger

Tthe Federal Trade Commission has sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed the lawsuit in U.S. District Court in Oregon on Monday.

Dollar General opens 20,000th store

Dollar General opens 20,000th store

Dollar General on Friday celebrated the grand opening of its 20,000th store at its DG Market location in Alice, Texas. “Today marks an incredible milestone in Dollar General’s history,” said Steve Deckard, Dollar General’s executive vice president of store operations and development.

Walmart posts 5.7% revenue gain in Q4

Walmart posts 5.7% revenue gain in Q4

BENTONVILLE, Ark – Walmart Inc. posted revenue growth of 5.7% in the fourth quarter, including a 4% comp sales gain in its Walmart U.S. division. “Our team delivered a great quarter, finishing off a strong year,” chief executive officer Doug McMillon said in a statement.

CVS beats Q4 sales and earnings projections

CVS beats Q4 sales and earnings projections

CVS Health topped analysts’ forecasts for fourth quarter sales and profits, but cut its full year earnings outlook, citing rising medical costs that are hurting the insurance industry. Revenue for the three months ended December 31 climbed 11.9% from the year-ago period to $93.

Amazon’s Q4 performance beats expectations

Amazon’s Q4 performance beats expectations

Amazon on Thursday reported fourth-quarter sales and earnings that topped analysts’ expectations, driven in part by a “record-breaking” holiday season. The company said its net sales increased 14% to $170.0 billion in the fourth quarter ended December 31, up from $149.