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First-quarter sales, profit fall short at CVS

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.

Amazon tops expectations for revenue, earnings

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier.

Walmart to close all 51 health centers

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

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.

FMI taps Julie Savoie to lead workforce initiatives

FMI taps Julie Savoie to lead workforce initiatives

ARLINGTON, VA – FMI – The Food Industry Association, has tapped Julie Savoie to lead the association’s strategic direction for, and implementation of, member workplace and workforce initiatives. She will also help oversee the FMI sustainability agenda.

Mother’s Day spending expected to hit $33.5 billion

Mother’s Day spending expected to hit $33.5 billion

WASHINGTON – Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion.

Ahold Delhaize opens a tech studio in Bucharest

Ahold Delhaize opens a tech studio in Bucharest

Ahold Delhaize said Wednesday that it is opening a new new tech studio in Bucharest called AD/01. The company expects to staff the studio with about 250 tech employees who will work on innovations aimed at providing an improved customer experience at Ahold Delhaize’s European brands.

FMI reveals 2024 Store Manager Award finalists

FMI reveals 2024 Store Manager Award finalists

The Food Industry Association, has announced the finalists for its 2024 Store Manager Awards, which are designed to shine a spotlight on the dedicated and deserving store managers who bring their passion and talents to serve their store, employees and customers.