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Retail News

Stop & Shop, Acme to buy A&P stores

Stop & Shop, Acme to buy A&P stores

Stop & Shop Supermarket Co. LLC and Acme Markets have agreed to buy stores from A&P, which earlier today announced it was filing for Chapter 11 bankruptcy protection and plans to sell off stores. Stop & Shop, part of Ahold USA, said Monday that it plans to acquire 25 A&P stores in

With Chapter 11 filing, A&P to sell off stores

With Chapter 11 filing, A&P to sell off stores

A&P has filed for bankruptcy, the second time in five years that the food and drug retailer has sought Chapter 11 protection. The supermarket operator said Monday that it has executed asset purchase agreements for about 120 stores at a price of roughly $600 million.

Competition escalates in retail clinic arena

Competition escalates in retail clinic arena

The retail health clinic market is seeing competition intensify as the leading players expand their reach with new locations. Market leader MinuteClinic, part of CVS Health, got a big boost last month with CVS’ $1.9 billion deal to buy the pharmacy and clinic business of Target Corp.

CVS, Walgreens take part in youth jobs coalition

CVS, Walgreens take part in youth jobs coalition

CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people.

NACDS hails House passage of 21st Century Cures

NACDS hails House passage of 21st Century Cures

The U.S. House of Representatives has passed the 21st Century Cures Act (H.R. 6), which the National Association of Chain Drug Stores said will speed the pace of cures and medical breakthroughs and position pharmacy to play a pivotal role in the delivery of new drug treatments to patients.