Walmart details its technology vision at CES
Doug McMillon and several other members of Walmart’s management team discussed their vision of a new type of commerce — adaptive retailing — at the Consumer Electronics Show here yesterday.
Retail News
Albertsons reports strong revenue gains in Q3
BOISE, Idaho – Albertsons Companies Inc. posted solid sales gains for the third quarter of fiscal 2023, shining a positive light on the grocer’s strategy as it waits for a green light on its planned merger with Kroger Co. Third quarter fiscal 2023 highlights included: Growth in Identical Sales.
Rite Aid sells Elixir Solutions Business to MedImpact
Rite Aid Corp. announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of the company’s Elixir Solutions Business to MedImpact Healthcare Systems, Inc. (MedImpact), an independent pharmacy benefit solutions company.
Albertsons Media Collective and Criteo partner
Criteo announced a new partnership with Albertsons Media Collective, the retail media arm for the Albertsons Cos., to enhance its cutting-edge retail media network.
92% of retailers say loss prevention is a key driver of store technology
The 2024 Connected Retail Experience Study: Focusing on Omnichannel Efficiency by Incisiv, conducted in collaboration with Verizon and Cisco, shows that retailers are actively seeking innovative technologies to revolutionize store efficiency, mitigate increasing retail theft, and address critical la
CVS’ Balbale is top merchant
CVS Health has a unique opportunity, says chief merchandising officer Musab Balbale, and it’s twofold. First, as an operator of more than 9,000 stores focused on health and wellness, it has the ability to connect with members of the community seeking vital information, products and services.
Walmart saluted as Health Care Provider of the Year
In the realm of health and wellness, the endpoint is where Walmart begins. After first gaining a thorough understanding of patients, customers and their needs, the company has set out to construct a dynamic ecosystem that promises to transform the way in which Americans get and stay well.
Retail Forecast 2024
Leading chain drug and distribution executives provide their outlook for the coming year on the following pages, spelling out the challenges and opportunities that lie ahead for their companies and the industry.
Dollar General names Deckard to expanded role
Dollar General Corp. executive vice president of store operations Steve Sunderland plans to leave the company effective January 19, the company said.
CVS Health announces leadership appointments
CVS Health announced several leadership updates, effective immediately: • Senior vice president of Corporate Finance and interim CFO, Tom Cowhey, has been formally appointed the company’s next CFO.
CVS Pharmacy unveils more simplified loyalty experience
CVS Pharmacy announced the evolution of its loyalty program to include two membership tiers: ExtraCare and ExtraCare Plus.
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.
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.