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Retail News

Walmart unveils new private label brand

Walmart unveils new private label brand

As part of Walmart’s mission to make quality, great tasting food accessible for customers, the retailer announced this week its latest private brand innovation, bettergoods: a new elevated experience that delivers quality, unique, chef-inspired food at an incredible value.

CVS’ first quarter sales and profits fall short of estimates

CVS’ first quarter sales and profits fall short of estimates

CVS Health reported first quarter revenue and earnings that missed Wall Street’s estimates, as increased medical costs hurt its Medicare Advantage business. Adjusted earnings per share for the period were $1.33, well behind analysts’ consensus forecast of $1.69. Revenue of $88.

Amazon tops expectations for revenue, earnings

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier.

CVS prototype fosters tighter bond with shoppers

CVS Pharmacy’s new prototype store here has a fine-tuned mix, recast physical space, and rebalance of everyday-low pricing and promotions.  The format strives to enhance the customer experience, and it does so in large part by centralizing the personnel.