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Rite Aid said to be nearing post-bankruptcy financing deal
Pharmacy chain Rite Aid is close to reaching a deal on a post-bankruptcy financing package, with a group of lenders preparing to provide interim financing while the company remains in Chapter 11, attorneys reported on Friday.
Natrol introduces Time Release Melatonin gummies
Natrol introduced its latest sleep innovation supplement: Time Release Melatonin gummies.
MPC seeks changes to ‘swipe’ fees proposal
The Merchants Payments Coalition, a group lobbying for “a more competitive and transparent” payment-card system,” is asking the Federal Reserve to further modify its proposed cap on the “swipe” fees merchants pay banks to process the transactions.
CRN Foundation highlights prenatal nutrition
The CRN Foundation, the educational arm of the Council for Responsible Nutrition, the leading trade association for the dietary supplement and functional food industry, is showcasing the latest research and developments in prenatal nutrition at the American College of Obstetricians and Gynecologists
Food Lion expands home delivery in seven states
Food Lion is making it easier for more of its customers in Delaware, Kentucky, Maryland, Pennsylvania, South Carolina, Tennessee and West Virginia to have groceries delivered.
First-quarter sales, profit fall short at CVS
CVS Health missed first-quarter expectations and lowered its fiscal 2024 outlook as increased medical costs hurt its Medicare Advantage business. Its revised outlook assumes that the higher medical costs in its insurance business will persist throughout the year, the company said May 1.
Walmart introduces new grocery brand
BENTONVILLE, Ark. – Walmart is pitching a new private-label grocery brand, bettergoods, to shoppers looking for “elevated culinary experiences.
Walmart’s Kevin Host elected NACDS chair
so that pharmacies may continue to deliver “never-ending innovations” across the total store for Americans in their moments
Walmart to close all 51 health centers
Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy.
Amazon delivery gets faster
SEATTLE – Amazon today said it continues to increase the speed with which it gets deliveries to customers. Nearly 60% of orders placed through Prime across 60 U.S. metro areas in the first quarter arrived the same day or next day, the company said. Prime members in major cities across the U.S.
Walmart adding 22 health clinics
Walmart said it will open 22 Walmart Health clinics this year, including 18 in Texas. With the additions, Walmart will operate more than 70 physician-staffed health clinics in five states by year’s end. The company plans to introduce the clinics to a sixth market, Arizona, in 2025.
Harrison leaves CVS after 19 years
CVS vice president of merchandising for beauty and personal care Andrea Harrison has left the company for “a new opportunity,” she wrote on LinkedIn. After 19 years with CVS, “it was a bittersweet departure, with so many memories and so hard leaving an amazing team,” she wrote.
Moderate growth seen for retail sales this year
Retail sales this year will increase between 2.5% and 3.5% from 2023 levels, according to the latest forecast from the National Retail Federation (NRF), which foresees sales rising to between $5.23 trillion and $5.28 trillion.
Rite Aid is closing another 53 stores
Rite Aid this month announced plans to close 53 more stores, adding to the roughly 200 it has shuttered since filing for Chapter 11 bankruptcy protection late last year.