CVS to close 270 stores in 2025
The latest round of closures follows the shuttering of 900 CVS stores between 2022 and 2024.
Retail News
Big Lots! to complete reopening phase on June 5th
Company eyes further growth due to overwhelming customer support.
Costco tops earnings and revenue estimates
For the fiscal third quarter ended May 12, the warehouse club reported net sales of $61.96 billion, up 8% from $57.39 billion a year earlier.
Shoppers Foundation for Women's Health highlights the most pressing disparities faced by women across Canada
New research from Shoppers Drug Mart's charitable arm reveals sizeable gaps in education, awareness for common menstrual health conditions.
Kroger shares summer beauty routine and product lineup
The lineup includes customer favorites and new arrivals, featuring affordable options and brand-name alternatives to keep skin protected, hydrated, and refreshed this summer.
NRF: Father’s Day spending to hit record $24 billion
The figure is up from last year’s $22.4 billion and exceeds the previous record of $22.9 billion in 2023.
Rael expands with major retailer launches
Upcoming launches include Walmart, Ulta Beauty, and Walgreens
Sephora launches “We Belong to Something Beautiful” Pride campaign with Lady Gaga
Sephora launches global Pride campaign with Lady Gaga and Haus Labs to support youth mental health.
Walmart rolls out seamless shopping experience for Medicare Advantage members
New online badging across thousands of eligible products makes it easier for customers to shop with their health plan.
U.S. positioned for additional growth as sustainability-marketed products flourish in Europe
The 2024 Sustainable Market Share Index shows CPG products marketed with sustainable attributes increased market share by 2.6 percentage points since last year, but are dwarfed by European markets.
Walmart Canada increasing pay of hourly and salaried employees
This builds on the nearly $200 million in pay increases and benefit enhancements Walmart Canada announced in 2024 to support eligible associates across supply chain and retail.
Anthony Codrean named new president of Sav-Mor Pharmacy Services
Codrean was appointed by the board of directors and took over as president on June 1st.
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.
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.