CVS Health names new leaders for pharmacy and consumer wellness businesses
Len Shankman is president of Pharmacy and Consumer Wellness (PCW), and Lucille Accetta is chief pharmacy officer.
Retail News
Cofounder Tim Barry steps down as VillageMD CEO
Tim Barry, the co-founder and CEO of VillageMD, has left the company.
Target rolls out Cyber Monday deals with up to 50% off on holiday must-haves
“Our Cyber Monday sale invites families to shop for the season’s hottest gifts without stretching their budgets or adding to their busy schedules.”
Black Friday sales were up over 2023, led by e-commerce gains
Retail sales on Black Friday were 3.4% higher than they were on the comparable day last year, according to Mastercard SpendingPulse.
Dollar General rolls out '24 Days of Savings' holiday campaign
Beginning December 1 and running through Christmas Eve, the company will offer daily discounts on a featured item each day as part of its "24 Days of Savings" campaign.
Walmart Canada and DoorDash Canada team
This comes as Canadians continue to seek affordable and convenient shopping options, which they can now find at Walmart through DoorDash’s app and website.
Dollar General announces new leadership appointments
13 executives are stepping into new or expanded roles.
Deloitte predicts record spending on Black Friday and Cyber Monday
Seasonal shoppers focus on deals to make the most of every festive dollar this season.
Meijer Announces 2024 Legacy Awards Recipients
Meijer honored exceptional team members with its 2024 Legacy Awards, recognizing individuals who embody the company’s core values of leadership, innovation, and service. Regional Vice President Maureen Mitchell received the prestigious Fred Meijer Award.
Publix appoints Doug Stalbaum vice president of finance
The announcement was made by CEO Kevin Murphy, who highlighted Stalbaum’s extensive experience and contributions to the company since joining in 2019.
Meijer plans to deliver four million meals to neighbors in need for Thanksgiving
During Thanksgiving week, when a customer includes Meijer brand food in their purchase, Meijer's Simply Give program will benefit a neighbor in need.
Cautious spending and cost pressures hit Target’s profitability
Target's third-quarter results showed modest 0.3% sales growth, driven by higher traffic and strong digital performance. However, profitability fell short due to rising costs and cautious consumer spending. The retailer lowered its full-year earnings forecast, and its stock plunged over 20%.
Circana’s Year-End 2024 Food and Beverage Market Outlook sees growth for 2025
Dollar sales in the F&B sector rose by 2.6% this year, driven by a 1.6% increase in price/mix and a 1.1% boost in volume sales.
PLMA show celebrates 'The Store Brands Phenomenon'
“One in two U.S. grocery shoppers consider a store’s private brand when choosing where to shop. And nine in 10 are likely to continue to buy private brands even if grocery prices decline.”
Wolters Kluwer: Amid retail pharmacy closures, 59% of Americans fear losing easy access to essential medications
With more drugstore and retail clinic closures announced, American consumers are worried about accessing affordable care nearby while many are more open to new technologies like AI chatbots and QR codes to support their medication needs.
Research shows banks can boost fraud detection by more than ten-fold through better collaboration
Just one in four (27%) financial service and online retail businesses in EMEA currently employ consortia or fraud insight exchange initiatives.