WBA sells shares of Cencora for $400 million
Walgreens Boots Alliance (WBA) said today that it has sold about $400 million worth of shares in Cencora, reducing its stake in the drug wholesaler formerly known as AmerisourceBergen.
Retail News
Ahold Delhaize partners with food banking network
Ahold Delhaize is entering a sponsorship with the Global FoodBanking Network (GFN), an international non-profit organization dedicated to hunger relief while reducing food loss and waste.
UNFI launches retail media network
PROVIDENCE, R.I. – United Natural Foods Inc. is launching a first-of-its-kind Retail Media Network for independent and regional grocery retailers across the United States. The UNFI Media Network (UMN) is powered by Swiftly, a leading provider of innovative retail technology, tools, and solutions.
Target sales decline in Q1, sees growth ahead
Target reported that first-quarter sales were down compared to last year, as it had projected. However, the company expects sales to turn positive in the second quarter and for the year as a whole. Comparable sales declined 3.7% in the first quarter, reflecting a comparable store sales decline of 4.
CVS honors the memory of founder Stanley Goldstein
CVS Corp. co-founder Stanley Goldstein passed away yesterday at the age of 89. The company he helped build is a foundational component of what is now CVS Health, a leading health services company that is committed to building a world of health around every consumer. “All of us at CVS Health mourn
Walmart opens bigger Neighborhood Markets
Walmart recently opened two new Neighborhood Markets, one in Florida and one in Georgia, that offer expanded assortments and more space for pickup and delivery.
GIANT Co. names MacDonald VP of Marketing
CARLISLE, Pa. – GIANT Co. has named John MacDonald vice president of marketing, effective immediately. He will report directly to GIANT president John Ruane.
KISS launches ‘imPRESS Yourself’ campaign
KISS Products Inc. recently launched the “imPRESS Yourself” advertising campaign featuring the “imPRESS Express.
NACDS to Senate: Pharmacists play a vital role
the nation’s most accessible healthcare providers — have an important role to play when it comes to driving food is medicine initiatives, providing prevention and management services for chronic disease, and delivering total health and wellness solutions.
Target lowering prices on 5,000 popular items
Target Corp. will lower the prices on about 5,000 frequently shopped items across its assortment. The retailer said Monday that it has already reduced prices on about 1,500 items, and has thousands more price cuts planned to take effect over the course of the summer.
Ahold Delhaize seeks to speed growth after Q1
With fiscal 2024 off to a solid start, Ahold Delhaize is setting its sights on accelerating growth across the 16 brick-and-mortar retail and e-commerce brands that it operates in Europe, the United States and Asia.
DG Literacy Foundation surpasses milestone
GOODLETTSVILLE, Tenn. –The Dollar General Literacy Foundation (DGLF) has announced more than $10.6 million in grants to support nearly 1,100 adult, family, and summer literacy programs across the country. The grants are expected to positively impact more than 1.4 million individuals.
Walmart posts solid sales, profit gains in Q1
Walmart posted strong sales and profit growth for its fiscal first quarter ended April 26th. Revenues increased 6% in the quarter, to $161.5 billion, and operating income grew at a faster pace of 9.6% (13.7% adjusted). Walmart U.S. comparable store sales grew 3.
CVS launches Well Market private label snacks
CVS Pharmacy has debuted Well Market, a store brand consumables line featuring nutritious snacks, beverages and groceries. “Our goal at CVS Health is to be the most consumer-centric health care solutions company,” said chief merchandising officer Musab Balbale.
Census Data: Retail sales moderated in April
WASHINGTON – Data released by the U.S. Census Bureau today shows retail sales moderated in April, National Retail Federation Chief Economist Jack Kleinhenz said. “Even though household income and job growth are compressing, the consumer spending picture remains positive,” Kleinhenz said.
Walmart to cut headquarters jobs, relocate workers
Walmart said on Tuesday that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three main offices. The move marks a shift in strategy after the company initially endorsed virtual work during the pandemic.