SmileDirectClub is shutting down
Just months after filing for bankruptcy, SmileDirectClub announced it was shutting down its global operations and halting its teeth-aligner treatments.
Retail News
NRF and Appriss retail report: $743 billion in merchandise returned in 2023
WASHINGTON – Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in merchandise in 2023, according to a report released this week by the National Retail Federation and Appriss Retail.
U.S. retail sales grew over 3.1% this holiday season
According to preliminary insights from Mastercard SpendingPulseTM, U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24.
WBA to participate in J.P. Morgan Healthcare Conference
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) said that chief executive officer, Tim Wentworth, and interim global chief financial officer, Manmohan Mahajan, will present at the 42nd Annual J.P. Morgan Healthcare Conference in San Francisco, California on Monday, Jan. 8, at 8:15 a.m. PST.
Philadelphia Flyers score a new partnership with Rite Aid
PHILADELPHIA – The Philadelphia Flyers announced national neighborhood pharmacy chain Rite Aid as a preferred partner of the club.
Walgreens offers tips to staying healthy during the holidays
‘Tis the season for good food, great company … and plenty of germs. That’s why whether you’re braving the crowded airport or hosting at home this year, health should be at the top of your wish list. Dr.
Rite Aid reaches settlement with FTC
Rite Aid Corp. announced Thursday that it has reached a comprehensive settlement agreement with the U.S.
Rite Aid agrees to bankruptcy mediation
On Tuesday Rite Aid got court approval for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic.
Hy-Vee announces two concerts for 2024 Hy-Vee INDYCAR Race Weekend
Today, Hy-Vee announces that award-winning artists Luke Combs and Post Malone will lead the star-studded entertainment lineup for next summer’s Hy-Vee INDYCAR Race Weekend, July 12-14, 2024.
Costco tops sales, earnings expectations in Q1
Costco Wholesale Corp. on Thursday reported first-quarter sales and earnings results that beat Wall Street estimates. The company posted net sales of $56.72 billion for the 12-week fiscal first quarter ended November 26, an increase of 6.1% from the $53.
Acosta Group forecasts retail trends for 2024
Acosta Group today announced its 2024 retail predictions, identifying how brands and retailers can win shopper loyalty, drive sales, and achieve efficiencies in another year of anticipated marketplace disruption.
Kroger unveils holiday savings
The Kroger Co. today unveiled increased savings, affordable meal ingredients and a holiday gift guide to customers as they prepare for the holidays.
Getir completes acquisition of FreshDirect
The ultrafast grocery delivery company Getir said Friday that it has completed its acquisition of the online grocery delivery company FreshDirect from Ahold Delhaize.
NRF debuts Center for Retail Sustainability
WASHINGTON – The National Retail Federation announced this week the launch the NRF Center for Retail Sustainability, which will serve as the industry’s hub to support retailers’ efforts to generate economic value while creating net positive environmental, social and community benefits.
Industry celebrates NACDS’ 90th anniversary
The industry came together last night at the Ziegfeld Ballroom to recognize the National Association of Chain Drug Stores for its long list of contributions to retailing and health care over the past nine decades.