WASHINGTON, May 7, 2024 – Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, National Retail Federation chief economist Jack Kleinhenz said today. “The U.S.
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.
so that pharmacies may continue to deliver “never-ending innovations” across the total store for Americans in their moments
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.
Kevin Host, senior vice president of pharmacy at Walmart and incoming NACDS chairman, talks about the state of the association and the industry it represents.
Chain Drug Review and Mass Market Retailers have partnered with ECRM for Founders’ Innovation Day, an exclusive event designed for D2C and emerging brands to make the most of their potential at food, drug and mass retailers, and from e-commerce.
Kroger Co. and Albertsons Cos. said Monday that they are planning to divest more stores in an effort to satisfy regulators and move their merger plans forward. The companies now intend to sell 579 stores under a revised deal with C&S Wholesale Grocers. That is 166 more than were called for in the
Hy-Vee Inc. is in the process of acquiring the Strack & Van Til Food Market chain (also known as Indiana Grocery Group LLC), which has stores throughout Northwest Indiana, the company said on Wednesday.
WASHINGTON – Data released by the U.S. Census Bureau on Monday shows that retail sales continued to increase in March as tax refunds and job growth put more money in shoppers’ pockets, National Retail Federation Chief Economist Jack Kleinhenz said.
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.
Mark Baum, senior vice president of industry relations and chief collaboration officer at FMI – The Food Industry Association, tells this week’s Video Forum about the ongoing drive to elevate the presence of supermarket operators and their suppliers in the household products, general merchandise, an
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,
Albertsons Cos. has launched a new, simpler version of its “for U” loyalty program, designed to provide more value and greater ease for the retailer’s 38 million loyalty program members.
WASHINGTON – Despite expectations for slower growth of both gross domestic product and retail sales, the economy should continue to do well the remainder of this year, National Retail Federation chief economist Jack Kleinhenz said today.
MINNEAPOLIS – Target has has enlisted actress Kristen Wiig to reprise her role as the iconic Target Lady in a national advertising campaign to support its Target Circle Week promotion.
