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Delhaize, Ahold to divest 86 U.S. stores

Delhaize, Ahold to divest 86 U.S. stores

The U.S. subsidiaries of Delhaize Group and Ahold NV have reached agreements with buyers to divest 86 stores in connection with the companies’ pending merger. Delhaize and Ahold said Thursday that all of the store divestitures — which includes locations from both companies’ U.S.

Former WBA exec takes reins as Bliss CEO

Former WBA exec takes reins as Bliss CEO

Beauty care veteran Meri Baregamian, a former executive at Walgreens Boots Alliance, has joined spa and beauty products company Bliss as chief executive officer. Bliss said Baregamian took the reins as CEO effective July 7.

Ahold, Delhaize: Merger may close this month

Ahold, Delhaize: Merger may close this month

Delhaize Group and Ahold expect to complete their merger by the end of this month. The companies said Tuesday that the closure of the $29 billion merger deal, announced in June 2015, still awaits final approval by the Federal Trade Commission.

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.