Walmart to cut 1,500 corporate jobs
The job cuts will affect teams across several key business areas, including global technology operations, ecommerce fulfillment in U.S. stores, and Walmart Connect.
Retail News
Dollar General partners with Kevel to power retail media network technology
Dollar General will use Kevel’s Retail Media Cloud to power a range of advertising solutions across its digital and physical platforms.
Industry groups praise House for passing budget bill
The multitrillion-dollar tax cut and spending bill now heads to the Senate.
Court approves CVS' bids on Rite Aid assets
The U.S. Bankruptcy Court of New Jersey approved CVS Pharmacy bids on the prescription files of 625 Rite Aid pharmacies across 15 states in areas that CVS serves, as well 64 Rite Aid stores in Idaho, Oregon and Washington.
NRF honors retail security leaders with 2025 NRF PROTECT Awards
On June 24, five experienced loss prevention professionals will receive recognition at the annual NRF PROTECT conference held in Grapevine, Texas.
NRF: Retailers back push to tie credit card fee reform to stablecoin bill
The Credit Card Competition Act has growing bipartisan support and would bring fairness to the nation’s broken credit card market.
Tariffs and DEI controversy weigh on Target’s Q1 results
CEO Brian Cornell said that the company had fallen short of expectations due to “ongoing pressure in our discretionary business.”
Kingswood Capital Management and Performance Investment Partners complete deal to acquire The Vitamin Shoppe
Sharon Leite returns to The Vitamin Shoppe as CEO again.
CVS names new president at Oak Street Health
Dr. Creagh Milford has been with CVS since 2021, most recently serving as president of retail health. He will serve as president of Oak Street Health on an interim basis.
7-Eleven celebrates 30 years of Operation Chill
Signature program underscores company’s commitment to fostering stronger, safer communities.
Walgreens' new Rx micro-fulfillment center in Brooklyn Park, Minnesota opens
The facility will support nearly 200 stores regionally with the dispensing and shipping of prescriptions.
Census data shows retail sales were steady in April as tariff concerns continue to grow
The Census Bureau said overall retail sales in April were up 0.1% seasonally adjusted month over month and up 5.2% unadjusted year over year.
Duncan MacNaughton named chairman of Family Dollar as chain is sold for $1 billion
The transaction, announced by Dollar Tree on Monday, is expected to close later in the second quarter pending regulatory approval. The deal calls for Family Dollar to be spun off as an independent company, while maintaining its headquarters in Chesapeake, Virginia.
Fruth Pharmacy names Andy Becker as new CEO
Lynne Fruth will continue in a part-time role as the president and chairman of the board. Becker will report to the Fruth board of directors and will begin his new role immediately.
"Sun Responsibly" campaign goes live in stores
The creators of the campaign hope more retailers will join the effort as well as sun care brands. The campaign is considered the first of its kind where retailers, even competitors, join forces to spread the word.
Albertsons' pharmacies are welcoming Rite Aid customers and employees
Customers transferring or filling a new prescription will receive coupon for up to $15 off next grocery purchase of $75 or more.