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 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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Feb 281 min read
Macy's is closing 150 stores
Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus...
Feb 271 min read
FTC Sues Kroger
The US Federal Trade Commission and nine states sued to block supermarket chain Kroger's $25B acquisition of competitor Albertsons...
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