CVS easily tops Q3 sales and earnings estimates
Adjusted earnings per share of $1.60 topped Wall Street's forecast of $1.37, while revenue of $102.87 billion exceeded the predicted $98.85 billion.
Retail News
Retail theft increases despite organized crime crackdowns, GreyOrange study finds
64% of store managers and staff have felt unsafe as tactics grow more aggressive.
Amazon poised for largest corporate layoffs since 2022
The layoffs would affect 10% of the tech giant’s approximately 350,000 corporate employees.
Walmart unveils 2025 Black Friday and Cyber Monday events with ‘WhoKnewVille’ magic
The retailer promises its biggest savings lineup yet.
Loblaw launches third 'Get to Give Days' campaign
Customers can make a donation of any amount at the checkout of participating Loblaw banner stores.
FMI highlights SNAP and WIC funding clarity as shutdown continues
Governors in Virginia, California, Illinois, and other states pledge to fund SNAP or WIC programs through November.
Walmart’s annual Thanksgiving meal: Serving 10 people for less than $4.00 per person
Now until Dec. 25, Walmart’s holiday meals can be shopped with a single click online, or in stores nationwide.
MPC backs merchants’ call for court to uphold Illinois’ ban on swipe fees on sales tax and tips
The law was originally set to take effect this July but was postponed for one year by the state legislature while the lawsuit is pending.
Rite Aid selling remaining assets
Hilco Global is managing the sale, with bids due by October 31 and an auction possibly on November 6.
Walmart and Avery Dennison tap RFID technology to enhance retailer's fresh food offerings
The technology gives Walmart associates digital visibility into product freshness and expiration dates.
ShopRite opens its new store in West Caldwell, N.J.
The new location is twice the size of the previous one.
Wegmans’ stores kick off companywide Check Out Hunger scan campaign
Wegmans’ companywide Check Out Hunger scan campaign runs from October 22 through November 29.
The Vitamin Shoppe names Kate Vukelich Chief People Officer
Vukelich brings over twenty years of leadership experience in HR, retail operations, and organizational transformation at major brands.
Vegas named chief commercial officer at Walgreens
She will lead the company's end-to-end customer experience strategy, including owned brand and merchandising, marketing, and the loyalty program.
Holiday budgets hold steady despite inflation
Shoppers are resilient, planning to spend only 1.3% less than last year’s record. Retailers expect early deal-hunting and a long shopping season into December.
Discount Drug Mart fundraiser honors fallen and injured police
The donation reflects the generosity of the chain’s customers, who responded to a fundraising campaign at its Lorain County stores.