Kroger is selling its specialty pharmacy business
Kroger Co. has entered into a definitive agreement to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health.
Retail News
Meat is still on the menu for Americans, study finds
The number of Americans who describe themselves as meat eaters (80%) and the number of households that purchase meat (98%) remain steady from 2023, while the number seeking to decrease meat consumption has fallen by 20% since 2020, according to the 19th annual Power of Meat report released on Monday
Epsilon launching next-generation retail media platform
LAS VEGAS – Epsilon, a global advertising and marketing technology company, today announced the launch of the next generation of its retail media platform.
Meat Institute, FMI Announce Leaders of Tomorrow
WASHINGTON – To kick off the 2024 Annual Meat Conference, the Meat Institute and FMI – The Food Industry Association announced 10 winners for the 2024 Leaders of Tomorrow Program.
Retail industry still top private sector employer
WASHINGTON – The retail industry remains a major employer, according to a new report released by the National Retail Federation on Monday, which found that retailers supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment.
CRN challenges constitutionality of New York law
The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, has filed a lawsuit challenging the constitutionality of a recently enacted New York state law that would impose age-based restrictions on the purchase of certain dieta
Senators voice support for PBM reform
Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass meaningful PBM reform as soon as possible.
Family Dollar to close nearly 1,000 stores
The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023.
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.
Pharmacy advocates to gather for NACDS RxIMPACT Day
representing all 50 states — will convene in Washington, D.C., March 13-14, for the National Association of Chain Drug Stores (NACDS) RxIMPACT Day on Capitol Hill. The pharmacy advocates will urge Members of Congress to act
Circana report: private brands surge amidst inflation
Private brands have experienced growth in the face of inflation, according to a new report from Circana, with sales surpassing $217 billion.
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 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
NACDS urges action in wake of cyberattack
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) has submitted a letter to the U.S.
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.
ALDI plans to add 800 stores by the end of 2028
ALDI, already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the country by the end of 2028.