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NRF forecasts retail sales uptick for 2016

NRF forecasts retail sales uptick for 2016

Economists at the National Retail Federation (NRF) predict retail industry sales this year will exceed their 10-year average as the economy continues to grow and consumers show more willingness to spend. The federation forecasts sales will rise 3.1% in 2016, topping the 2.

Walgreens sharpens aim at drug abuse

Walgreens sharpens aim at drug abuse

Aligning with public- and private-sector efforts to fight drug abuse, Walgreens plans to make opioid-overdose antidote naloxone available without a prescription in most of its stores and deploy medication disposal receptacles in hundreds of stores.

CVS Health sees strong finish to 2015 fiscal year

CVS Health sees strong finish to 2015 fiscal year

CVS Health saw sales climb by double digits for the 2015 fourth quarter and fiscal year, fueled in large part by its acquisition of long-term care pharmacy provider Omnicare Inc., while adjusted earnings per share were in line with Wall Street’s forecast.

Leger tabbed to head pharmacy at SDM, Loblaw

Leger tabbed to head pharmacy at SDM, Loblaw

Jeff Leger has been named executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. He had been senior vice president of Loblaw pharmacy and pharmaceutical partnerships. Leger took the new role following the departure of Dr.

Rite Aid shareholders OK Walgreens merger deal

Rite Aid shareholders OK Walgreens merger deal

Rite Aid Corp. stockholders have voted overwhelmingly to approve the company’s $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Approximately 97% of the votes cast at a special meeting of stockholders on Thursday were in favor of the deal.

Supervalu announces CEO transition

Supervalu announces CEO transition

Food and drug retailer and distributor Supervalu Inc. has hired Mark Gross as president and chief executive officer. Supervalu said Wednesday that Gross takes the CEO reins effective Feb. 5 and will succeed Sam Duncan, who is retiring at the end of this month.

CVS Pharmacy makes Target debut

CVS Pharmacy makes Target debut

The first CVS pharmacies have opened in six Target discount stores in North Carolina. Branded as CVS Pharmacy, the pharmacies are being operated as store-within-a-store departments and are located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, N.C.

Publix set to expand into Virginia

Publix set to expand into Virginia

Publix Super Markets Inc. is expanding into Virginia, which will be the employee-owned food and drug chain’s seventh state. Publix said on Tuesday that it has signed two leases for stores in the greater Richmond area.