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Retail News

Shopko is going out of business

Shopko is going out of business

Shopko, having been unable to find a buyer, said Monday that it plans to begin liquidating its assets. The company, which filed for Chapter 11 bankruptcy protection in January, said it was still evaluating strategic options for its optical business.

WBA names Dixon global controller

WBA names Dixon global controller

Heather Dixon has been named senior vice president, global controller and chief accounting officer by Walgreens Boots Alliance Inc, effective March 18. Dixon will join WBA from Aetna Inc.

Rite Aid announces leadership restructuring

Rite Aid announces leadership restructuring

CAMP HILL, PA – Rite Aid Corp. announced Tuesday a leadership transition plan and an organizational restructuring to better align its structure with the company’s operations and to reduce costs. As part of the leadership transition, John Standley will step down as chief executive officer.

Retail sales bounce back in January

Retail sales bounce back in January

WASHINGTON – Retail sales rebounded in January, the National Retail Federation said on Monday. Sales increased by 1.3% seasonally adjusted from December and by 3.6% unadjusted year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants.

CVS Health offers $1 million grant fight opioid epidemic

CVS Health offers $1 million grant fight opioid epidemic

In its ongoing effort to help combat the nation’s opioid epidemic across the country, CVS Health announced Friday the Aetna Foundation’s $1 million grant to the Northern Shenandoah Valley Substance Abuse Coalition (the Coalition), which will help fuel the Coalition’s new Law Enforcement Overdose Int

Kroger’s Q4 net income dips

Kroger’s Q4 net income dips

Kroger Co. on Thursday reported fiscal fourth quarter net income of $259 million, down from $854 million a year earlier, as investments weighed on profits. Net sales for the quarter ended February 2 declined 9.5% to $28 billion.