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Scot Meyer

99 Cents Only Stores is going out of business

99 Cents Only Stores is going out of business

The value retailer 99 Cents Only Stores LLC commenced going-out-of-business sales at all of its locations on Friday, as part of a plan to wind down its operations and close all its stores. The liquidation sale will include all 371 of the retailer’s stores, which are located in Arizona, California,

CRN comments on FDA NDI guidance

CRN comments on FDA NDI guidance

In regard to FDA issuing draft guidance on NDI notification master files for supplements today, CRN president and CEO Steve Mister offered the following comments on the development:   “It’s a positive development to see the FDA moving ahead with this draft guidance.

Mastercard to raise credit and debit card fees

Mastercard to raise credit and debit card fees

WASHINGTON – Almost immediately after agreeing to reduce “swipe” fees charged to merchants to process credit card transactions, Mastercard plans to increase fees for both credit and debit card transactions by more than $250 million this month, the Merchants Payments Coalition said Wednesday.

Hy-Vee dietitians to offer free A1C screenings in April

Hy-Vee dietitians to offer free A1C screenings in April

Hy-Vee Inc. will provide 2,000 free A1C screenings in April at select Hy-Vee stores throughout its eight-state region, the company said Wednesday. This simple blood test measures average blood sugar levels over the past three months. This is a common test used to identify prediabetes or diabetes.

Dollar General promotes 18 executives

Dollar General promotes 18 executives

Dollar General has promoted 18 executives to new roles at the company. Leslie Allen has been promoted to senior vice president, human resources. In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico.

Q2 gains reported by Costco

Costco Wholesale Corp. posted net sales growth of 5.7% for its second quarter as more members visited its warehouse clubs and spent more per trip. Traffic was up 4.3% in the United States and 5.3% companywide, Costco reported on March 7. Net income in the period through February 18 was $1.

Kroger’s earnings top expectations

Kroger Co. reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel) decreased 0.

Mixed Forecast for ’24 Retail Sales

Some forecasters see partly cloudy skies ahead for the U.S. economy, which could translate into weaker sales gains for retailers in the coming months. The Conference Board recently upgraded its forecast, saying that it no longer expects a recession this year. But the news is not all good.

Walmart’s carbon cuts should be an exemplar

warfare in Europe and the Middle East, high food prices, and the promise and peril of generative AI among them — have diluted the sense of urgency to address climate change, it’s heartening to see a major private sector initiative, designed to reduce greenhouse gases, come to

Costco’s aura has never been brighter

and, no great surprise, the news is overwhelmingly positive. To begin at the beginning, Craig Jelenik, the retailer’s longtime (and very effective) chief executive officer, has retired, ending an era of unprecedented retail success.