Skip to content

Retail News

DOJ seeks formal approval of CVS-Aetna merger

DOJ seeks formal approval of CVS-Aetna merger

A federal judge has been formally asked by the  Justice Department to approve CVS Health’s acquisition of Aetna Inc. District Court Judge Richard Leon had rebuked the government and the companies late last year for closing the $69 billion dollar deal prior to approval of a consent order.

SDM drives slight gain in Loblaw’s Q4 sales

SDM drives slight gain in Loblaw’s Q4 sales

Shoppers Drug Mart propelled a slight uptick in parent Loblaw Cos.’ fourth quarter sales. SDM posted 1.9% same-store sales growth for the quarter ended December 29 compared to a year earlier, with pharmacy same-store sales growth of 0.6% and front store same-store sales growth of 2.8%.

GIANT Food gets thumbs up to buy Shop ‘n Save stores

GIANT Food gets thumbs up to buy Shop ‘n Save stores

GIANT Food Stores announced Monday that its planned acquisition of five Shop ‘n Save stores has been approved by the Federal Trade Commission. GIANT Food, a unit of Ahold Delhaize USA, agreed to buy the stores from United Natural Foods Inc.’s Supervalu subsidiary on November 6.

Hy-Vee acquires Weber & Judd Pharmacies

Hy-Vee acquires Weber & Judd Pharmacies

Hy-Vee announced Monday that it has acquired the business of all Weber & Judd pharmacies in Minnesota. Weber & Judd has served the Rochester, Minnesota, area since 1862. “Weber & Judd has been an exemplary provider of pharmacy care for more than 150 years. Combining Weber & Judd with our Hy-Vee

Rite Aid names Bulkley CEO of EnvisionRxOptions

Rite Aid names Bulkley CEO of EnvisionRxOptions

Rite Aid Corp. announced that Ben Bulkley, an established executive with more than 20 years’ experience in health care and technology, has been named chief executive officer of EnvisionRxOptions, a pharmacy benefit management (PBM) company and wholly owned subsidiary of Rite Aid.

CVS ahead of Q4 earnings forecasts

CVS ahead of Q4 earnings forecasts

CVS Health posted stronger-than-expected fourth quarter earnings Wednesday but issued 2019 profit guidance that fell short of Wall Street forecasts linked to “significant additional deterioration” in its long-term care business.

Walmart posts strong revenue growth for Q4

Walmart posts strong revenue growth for Q4

Walmart on Tuesday reported robust profit and revenue figures for the holiday quarter, citing strength across a range of product categories and a 43% surge in digital sales. Revenue was up 1.9% to $138.8 billion in the fiscal fourth quarter.

Rite Aid and GNC extend partnership

Rite Aid and GNC extend partnership

CAMP HILL, Pa.  – Rite Aid Corp. and GNC announced Tuesday an agreement which extends their partnership through 2022. Rite Aid and GNC have had an exclusive partnership in the chain drug channel since December 1998.