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CNBC/NRF Retail Monitor: Sales grew in February

CNBC/NRF Retail Monitor: Sales grew in February

WASHINGTON – Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.

Biden vows to cut costs of Rx drugs

Biden vows to cut costs of Rx drugs

President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications.

Costco posts 5.7% net sales gain in second quarter

Costco posts 5.7% net sales gain in second quarter

Costco Wholesale Corp. posted net sales of $57.33 billion for the second quarter of its 2024 fiscal year, an increase of 5.7% from the $54.24 billion posted in the same quarter last year. Net sales for the first 24 weeks increased 5.9%, to $114.05 billion, from $107.68 billion last year. The company

Merchants oppose delay of Fed action on swipe fees

Merchants oppose delay of Fed action on swipe fees

WASHINGTON – More than 60 national and state organizations representing consumers and merchants have called on Congress to reject legislation introduced by Rep. Blaine Luetkemeyer, R-Mo., that would delay the Federal Reserve’s proposal to reduce the regulated rate for debit card swipe fees.

Kroger’s Q4 earnings beat expectations

Kroger’s Q4 earnings beat expectations

Kroger 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.

Rite Aid to divest most Health Dialog assets

Rite Aid to divest most Health Dialog assets

Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions.

Failure to enact PBM reforms would be “wasted opportunity”

Failure to enact PBM reforms would be “wasted opportunity”

WASHINGTON, DC – “Congress is dangerously close to proving wrong the notion that it’s never too late to do the right thing,” according to a statement issued today by The National Association of Chain Drug Stores, the National Community Pharmacists Association, FMI – The Food Industry Association, th