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Rite Aid gets approvals from bankruptcy court

Rite Aid gets approvals from bankruptcy court

Rite Aid Corp. announced Tuesday that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its “First Day” motions related to the company’s voluntary Chapter 11 petitions filed on October 15, 2023. The Court granted interim approval to access up to $3.

AI among the hot topics at this year’s Industry Day

AI among the hot topics at this year’s Industry Day

Two short spans of time — one just over 7 seconds and the other just under 15 minutes — were among the many talking points at The Emerson Group’s 2023 Industry Day last week. The day-long event brought together retailers and suppliers, brand innovators and other thought leaders to discuss the future

Farmaenlace partners with Revionics

Farmaenlace partners with Revionics

Revionics, an Aptos Co. and provider of retail pricing, promotion, markdown and advanced analytics solutions, announced Monday that Farmaenlace, one of the leading pharmacy chains in Ecuador, has selected Revionics’ pricing intelligence platform.

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation.

Dollar General brings back Todd Vasos as CEO

Dollar General brings back Todd Vasos as CEO

In a major shakeup, Dollar General Corp. announced the reappointment of Todd Vasos as chief executive officer, effective immediately. The move, which comes less than a year after Vasos retired, signals the company’s intention to reorient itself and chart a new strategic course.

WBA’s Q4 earnings fall short of expectations

WBA’s Q4 earnings fall short of expectations

DEERFIELD, Ill. –  Walgreens Boots Alliance Inc. reported fourth quarter adjusted earnings of 67 cents per share, down 17% from a year earlier and one cent shy of analysts’ forecast. Fourth quarter revenue of $35.42 topped Wall Street’s estimate of $34.56 billion.