LATEST NEWS

5 days ago1 min read

The party is over: Party City to shutter all stores

New York CNN — Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told...

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Dec 112 min read

Albertsons Sues Kroger, Terminates Merger Deal

BOISE, Idaho — Albertsons Cos. formally terminated its $25 billion merger agreement with Kroger Co. on Wednesday and filed a lawsuit...

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Oct 311 min read

Walgreens lays off over 250 employees to cut costs

DEERFIELD, Ill. – Walgreens is conducting another round of layoffs as it seeks to cut costs and significantly improve its financial...

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Oct 201 min read

The San Ending of the Kmart Story

By Scot Meyer MMR

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Oct 191 min read

Why your drug store is closing

New York CNN — CVS is closing 900 stores. Rite-Aid is closing 500. Walgreens announced Tuesday it plans to close 1,200 stores, meaning...

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Oct 181 min read

Walgreens to close 1,200 stores over next 3 years

DEERFIELD, Ill. — Walgreens will close 1,200 stores over the next three fiscal years, including 500 in fiscal 2025, the company said...

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Oct 171 min read

After strong Q2, Albertsons sees headwinds ahead

Albertsons Cos. cited strength in its digital and pharmacy operations in posting a better-than-expected 1.4% increase in second-quarter...

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Sep 132 min read

Retail sales stayed strong in August, despite sluggish job market

WASHINGTON — In an encouraging sign of consumer resilience, retail sales continued to rise in August despite a sluggish job market,...

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Aug 221 min read

Kroger sues FTC over "unconstitutional" merger review

Kroger today filed a motion for preliminary injunction against the Federal Trade Commission's (FTC) administrative proceeding challenging...

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Aug 131 min read

Walgreens testing more small-format concept stores

Walgreens is looking to meet the changing needs of the consumer. The company has opened about 100 mini drugstores focused on health and...

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Jul 311 min read

Kroger, Albertsons halt merger plans while Colorado lawsuit proceeds

On Thursday, supermarket chains Kroger and Albertsons agreed to temporarily halt their proposed merger in Colorado until a judge has...

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Jul 121 min read

Kroger Lists Stores it Will Divest for Merger Deal

CINCINNATI—Kroger Co. has identified the 579 stores and other assets it will divest if its planned $24.6 billion merger with Albertsons...

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Jul 71 min read

‘Upflation’ Is the New Retail Trend Driving Up Prices for US Consumers

First there was ‘shrinkflation.’ Now, consumers are confronting ‘upflation’ as companies seek to turn around the $100 billion personal...

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Jun 261 min read

Target Announces Changes in Top Leadership Roles

Target has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer. Rick Gomez, currently chief...

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May 221 min read

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...

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Apr 241 min read

FTC votes to ban noncompete agreements

The Federal Trade Commission (FTC) voted 3-2 on Tuesday to ban non-compete agreements that prevent tens of millions of employees from...

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Apr 223 min read

Kroger, Albertsons Agree to Divest More Stores

CINCINNATI — Kroger Co. and Albertsons Cos. said Monday that they are planning to divest more stores in an effort to satisfy regulators...

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Apr 61 min read

99 Cents Only Stores is going out of business

CITY OF COMMERCE, Calif. — The value retailer 99 Cents Only Stores LLC commenced going-out-of-business sales at all of its locations on...

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Mar 72 min read

ALDI Plans to Add 800 Stores by the End of 2028

BATAVIA, Ill. — ALDI, already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the...

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Feb 282 min read

Former Eckerd CEO Stew Turley dies at 89

TAMPA — Stew Turley, who guided the evolution of Eckerd Corp. for three decades, died last week at his home in Florida after a battle...

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