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Retail News

Lampert wins bid to keep Sears open for now

Lampert wins bid to keep Sears open for now

Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday.

GIANT Unveils Marty the Robot

GIANT Unveils Marty the Robot

GIANT Food Stores said Monday it is introducing a robotic assistant — named Marty — to its 172 stores to identify hazards, such as liquid, powder and bulk food spills, and provide reporting that enables quick corrective action.

Albertsons Cos.’ third quarter earnings jump 51%

Albertsons Cos.’ third quarter earnings jump 51%

Albertsons Cos.’ third quarter adjusted EBITDA rose 51.4% to $649.7 million, driven by an identical-store sales gain, increased gross profit and cost cutting. Sales and other revenue in the 12 weeks ended December 1 increased 1.8% from a year earlier to $13.

Target reports strong holiday gains, announces leadership changes

Target reports strong holiday gains, announces leadership changes

Target Corp. on Thursday reported strong sales gains for the November/December holiday sales period, and reiterated its sales and earnings guidance for the full year. The company also announced changes in its executive ranks, including the planned retirement of chief financial officer Cathy Smith.

Propeller Health partners with Walgreens

Propeller Health partners with Walgreens

Propeller Health, a leading digital therapeutics company, today announced  announced a partnership with Walgreens on My Pharmacy which connects Propeller users living with asthma and chronic obstructive pulmonary disease (COPD) directly to pharmacy services in the Propeller mobile app.