CVS, Rite Aid, Walmart severed from main opioid trial
The federal judge overseeing the landmark opioid suit Thursday severed CVS Health entities, Rite Aid and Walmart from the main bellwether trial scheduled for October.
Retail News
Walmart reports strong Q2 results
Walmart reported on Thursday a second-quarter net income of $3.6 billion compared with a net loss of $861 million a year earlier. Revenue rose 1.8% to nearly $130.4 billion. Operating income, on a constant currency basis, declined 2.4% to $5.6 billion.
Retail sales up in July
Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, the National Retail Federation said this week. The numbers exclude sales by automobile dealers, gasoline stations and restaurants.
Innomar adds chronic care app
OAKVILLE, Ontario – Innomar Strategies, a Canadian specialty pharmaceuticals service provider and a part of AmerisourceBergen Corp.
Rite Aid offers flu shots chainwide
Rite Aid Thursday announced the availability of seasonal flu shots chainwide. Patients can get ahead of the lengthy flu season by visiting any Rite Aid to receive a flu shot from one of the company’s more than 6,300 certified immunizing pharmacists, subject to state regulations.
GIANT plans flagship supermarket in Philadelphia
GIANT Food Stores announced plans for a flagship supermarket in a mixed-use urban development under construction on the banks of the Schuylkill River in downtown Philadelphia. The 65,000-square-foot GIANT store is expected to open by fall of 2020, the company said.
Giant Food launches 15th annual pediatric cancer fundraising program
Giant Food announced Tuesday the launch of the 15th annual fundraising program for pediatric cancer designed to support cancer research initiatives. Giant aims to raise at least $2 million throughout the eight-week program, running from Aug. 16 to Oct.
Kroger reduced food waste footprint in supermarkets by 9% in 2018
Kroger Co. announced Monday the company’s Zero Hunger | Zero Waste efforts reduced its supermarket food waste footprint – the overall food waste it produced – by 9% in 2018, creating measurable improvements in its retail operations and more environmentally-conscious associates.
Giant Eagle partners with higi
CHICAGO – higi, a consumer health engagement company who partners with leading retailers and health care companies to provide access points to care via a connected network of smart health stations, announced on Monday a new partnership with Giant Eagle Supermarkets.
Rite Aid appoints Heyward Donigan as CEO
Rite Aid Corp. announced Monday that the board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as chief executive officer in connection with this announcement.
The Vitamin Shoppe to be acquired by Liberty Tax
Liberty Tax, the parent company of Liberty Tax Service and Buddy’s Home Furnishings and The Vitamin Shoppe announced that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an all cash transaction valued at approximately $208 million.
Walmart, Petco and Chewy invest in $9 billion pet medication market
By mid-year, 2019 had already been quite a year in the pet medications market, with Chewy.
Hanna named Neighbourhood Pharmacy Association of Canada’s interim CEO
The Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) announced Thursday that Sandra Hanna will take on the role of interim chief executive officer effective September 3, 2019.
The American Cancer Society and CVS Health team up on fundraiser
ATLANTA – The American Cancer Society, the nation’s largest voluntary health organization dedicated to eliminating cancer, announced this week the launch of an in-store fundraising campaign at CVS Pharmacy locations across the country, as part of its national collaboration with CVS Health.
CVS Health’s Q2 earnings beat expectations
CVS Health stock rose nearly 6% in pre-market trading on Wednesday after the company reported strong second quarter operating results for the three months ending June 30, 2019.
Walgreens to close 200 stores in the U.S.
Walgreens Boots Alliance announced plans to close 200 stores in the United States as it looks to cut costs. The company said in a regulatory filing Tuesday the closings are part of its previously announced plan to trim costs by $1.5 billion in a few years. In May, the company announced plans