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Chief executive of Sobeys steps down

Chief executive of Sobeys steps down

Marc Poulin has left his posts as president and chief executive officer of Sobeys Inc. and the Canadian food and drug retailer’s parent company, Empire Co. His sudden departure, announced by Empire’s board on Friday, comes just over a week after Empire reported a $2.13 billion net loss for its 2016

Walgreens Boots Alliance posts 3Q gains

Walgreens Boots Alliance posts 3Q gains

Walgreens Boots Alliance (WBA) saw sales and adjusted net earnings rise in its fiscal 2016 third quarter, with adjusted earnings per share exceeding Wall Street’s consensus forecast. WBA said Wednesday that its pending acquisition of Rite Aid Corp.

New Jean Coutu directors include Google Canada exec

New Jean Coutu directors include Google Canada exec

Stockholders of the Jean Coutu Group elected two new directors to the company’s board at its annual shareholders meeting. The Canadian pharmacy operator said late Tuesday that Marie-Josée Lamothe and Michael Hanley have joined the board.

Jean Coutu store network sees 1Q sales uptick

Jean Coutu store network sees 1Q sales uptick

Sales gains in the front end helped lift revenue for the Jean Coutu Group retail store network in the company’s fiscal 2017 first quarter. Jean Coutu said Tuesday that for the first quarter ended May 28, sales for its franchise store network edged up 1.5% to nearly $1.

Court rejects Visa, MasterCard settlement

Court rejects Visa, MasterCard settlement

An appeals court ruling has struck down the 2012 settlement of a class-action lawsuit over credit card swipe fees imposed by Visa and MasterCard. The settlement had been opposed by a significant portion of the retail industry.

Fruth Pharmacy issues Red Vest Award

Fruth Pharmacy issues Red Vest Award

Citing several heroic acts carried out by its employees over the past year, Fruth Pharmacy has created the Red Vest Award. Chosen staff members will receive a red vest and a lapel pin with the vest symbol.

Bartell Drugs, Safeway to open in new retail center

Bartell Drugs, Safeway to open in new retail center

Bartell Drugs and Albertsons Cos.’ Safeway will anchor a new retail center here. The chains anticipate their stores will open next summer at Ridge Plaza. Bartell’s store will feature thousands of popular health, beauty and lifestyle products and a drive-through pharmacy.

Congress told overtime rule will hurt workers

Congress told overtime rule will hurt workers

WASHINGTON – New federal overtime regulations scheduled to go into effect on December 1 will hurt the very workers they are meant to help, the National Retail Federation told the House Small Business Committee on Thursday.

CVS Pharmacy makes Colorado debut in Target

CVS Pharmacy makes Colorado debut in Target

CVS Pharmacy has set foot in Colorado, opening its first locations in the state inside Target Corp. stores. CVS Health said CVS pharmacies have opened at 39 Target stores in the Denver, Colorado Springs and Fort Collins metropolitan areas.