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Retail News

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.

Wegmans to expand into New York City this fall

Wegmans to expand into New York City this fall

Hiring and training are now underway for Wegmans Food Markets’ highly-anticipated expansion into New York City at the Brooklyn Navy Yard. Located on Flushing Avenue in the Admirals Row development, the new store is scheduled to open this fall.