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Retail News

Walmart releases 2023 Annual Report and Proxy Statement

Walmart releases 2023 Annual Report and Proxy Statement

Walmart issued its 2023 Annual Report and filed its Proxy Statement on Thursday in preparation for the company’s Annual Shareholders’ Meeting on Wednesday, May 31, 2023. Shareholders will be able to attend the meeting online. There will be no physical location for the meeting.

Giant Eagle and Allivet announce strategic partnership

Giant Eagle and Allivet announce strategic partnership

Giant Eagle and Allivet.com, one of the nation’s leading digital pet pharmacies, have partnered to further expand Allivet.com’s PetRx platform in the retail space and offer a convenient online solution to Giant Eagle Pharmacy guests. Giant Eagle’s PetRx website (https://www.gianteaglepetrx.

Amazon unveils Anti-Counterfeiting Exchange

Amazon unveils Anti-Counterfeiting Exchange

Amazon announced Thursday the Anti-Counterfeiting Exchange (ACX), an industry collaboration designed to make it safer to shop online and more difficult for counterfeiters to move among different stores to attempt to sell their counterfeit goods.

Rite Aid narrows loss in fourth quarter

Rite Aid narrows loss in fourth quarter

Rite Aid reported a net loss of $241.3 million, or $4.39 per share, for its fourth quarter, compared to a net loss of $389.1 million, or $7.18 per share in the year-ago period.  The adjusted net loss of $68.2 million, or $1.24 per share, was wider than the 78 cents per share expected

Walmart chief merchant to depart post next month

Walmart chief merchant to depart post next month

Walmart chief merchandising officer Charles Redfield will be stepping down from his post next month. Walmart U.S. CEO John Furner said in an employee memo on Friday that Redfield will leave the role on May 1 to spend more time with his family. He will stay on as an advisor for the

NRF reports retail sales ‘moderated’ in March

NRF reports retail sales ‘moderated’ in March

WASHINGTON – Retail sales slowed in March, but spending was still higher than the same time last year, the National Retail Federation said Friday. “Retail sales moderated in March after posting strong gains in the first two months of the year,” NRF President and CEO Matthew Shay said.

Sam’s Club celebrates 40th anniversary

Sam’s Club celebrates 40th anniversary

Sam’s Club is marking its 40th anniversary this month with in-club events and special deals, including the chance for first-time members to join for as little as $10. The Walmart division plans to continue the celebration throughout the year with surprises and special offers for members.