WBA sells shares of Cencora for $400 million of proceeds
Walgreens Boots Alliance (WBA) today announced that it has sold shares of Cencora pursuant to a share repurchase by Cencora in the amount of approximately $400 million.
Retail News
Target sales decrease in Q1, sees growth ahead
Target reported that first-quarter sales were down compared to last year, as it had projected. However, the company expects sales to turn positive in the second quarter and for the year as a whole. Comparable sales declined 3.7% in the first quarter, reflecting a comparable store sales decline of 4.
CVS honors the memory of founder Stanley Goldstein
CVS Corp. co-founder Stanley Goldstein passed away yesterday at the age of 89. The company he helped build is a foundational component of what is now CVS Health, a leading health services company that is committed to building a world of health around every consumer. “All of us at CVS Health mourn
Learn Look Locate and Walgreens launch second collaborative webpage
TUCSON, Ariz, – Learn Look Locate (LLL), an educational breast cancer platform, proudly announces the launch of its second collaborative webpage with Walgreens, dedicated to breast cancer awareness.
Walmart opens bigger Neighborhood Markets
Walmart recently opened two new Neighborhood Markets, one in Florida and one in Georgia, that offer expanded assortments and more space for pickup and delivery.
Kearney study aims to ‘demystify innovation’
While most companies feel pressure to use “innovation” as a way to satisfy both their customers and their stakeholders, there’s inconsistent messaging around what that innovation actually is.
GIANT Co. names MacDonald VP of Marketing
CARLISLE, Pa. – GIANT Co. has named John MacDonald vice president of marketing, effective immediately. He will report directly to GIANT president John Ruane.
ColoTest for colon cancer screening now available at select Walmart locations
Reese Pharmaceutical announced that ColoTest, its new Fecal Immunochemical Test (FIT) for colon cancer screening, is now available at 3,700 Walmart locations across the U.S.
Ahold Delhaize seeks to speed growth after Q1
With fiscal 2024 off to a solid start, Ahold Delhaize is setting its sights on accelerating growth across the 16 brick-and-mortar retail and e-commerce brands that it operates in Europe, the United States and Asia.
Target lowering prices on 5,000 frequently shopped items
Target Corp. announced last week it will lower everyday regular prices on approximately 5,000 frequently shopped items across its assortment. The retailer has just reduced prices on about 1,500 items, with thousands more price cuts planned to take effect over the course of the summer.
Dollar General Literacy Foundation surpasses reading milestone
GOODLETTSVILLE, Tenn. –The Dollar General Literacy Foundation (DGLF) announced today more than $10.6 million in grants to support nearly 1,100 adult, family and summer literacy programs across the country. In total, today’s grants are expected to positively impact more than 1.4 million individuals.
Walmart’s Q1 earnings and revenue beat estimates
Walmart posted strong sales and profit growth for its fiscal first quarter ended April 26th. Revenues increased 6% in the quarter, to $161.5 billion, and operating income grew at a faster pace of 9.6% (13.7% adjusted). Walmart U.S. comparable store sales grew 3.
CVS launches Well Market private label snacks
CVS Pharmacy has debuted Well Market, a store brand consumables line featuring nutritious snacks, beverages and groceries. “Our goal at CVS Health is to be the most consumer-centric health care solutions company,” said chief merchandising officer Musab Balbale.
New Circana research examines $214 billion snack market
Circana has released a comprehensive analysis of the snack market, offering valuable insights and strategies for sustained growth and innovation.
Kroger Health launches new senior-focused primary care in Atlanta
Kroger Health, the healthcare division of The Kroger Co.
Census Data: Retail sales moderated in April
WASHINGTON – Data released by the U.S. Census Bureau today shows retail sales moderated in April, National Retail Federation Chief Economist Jack Kleinhenz said. “Even though household income and job growth are compressing, the consumer spending picture remains positive,” Kleinhenz said.