Content about Economy of the United States

September 4, 2012

The Forbes Connection has released its newly updated "Insider's Guide to Retail Success 2012-13."

NEW YORK — The Forbes Connection has released its newly updated "Insider's Guide to Retail Success 2012-13."

September 4, 2012

Sensa Products last week announced that its weight-loss product Sensa is now available at Sam's Club stores nationwide.

MANHATTAN BEACH, Calif. — Sensa Products last week announced that its weight-loss product Sensa is now available at Sam's Club stores nationwide. To help kick-off the launch, Sam's Club offered $10 instant savings off the Sensa Weight-Loss System through Labor Day weekend.

September 4, 2012

Target has donated $150,000 in cash and products to assist with Hurricane Isaac relief efforts.

MINNEAPOLIS — Target has donated $150,000 in cash and products to assist with Hurricane Isaac relief efforts.

The company said that an additional $20,000 in product donations and $10,000 in Target gift cards will be given to other nonprofit organizations in affected areas for such essentials as water and food. All Target stores in impacted areas are open, and Target has allocated additional products, such as nonperishable food, batteries and flashlights, to those locations to ensure residents have access to the supplies they need.

August 30, 2012

Online giant Amazon.com will begin collecting a 6% state sales tax on purchases being shipped to Pennsylvania beginning Sept. 1, according to published reports.

HARRISBURG, Pa. — Online giant Amazon.com will begin collecting a 6% state sales tax on purchases being shipped to Pennsylvania beginning Sept. 1, according to published reports.

The move is being made so that the online retailer will be in compliance with a new Pennsylvania state law going into effect that requires online retailers to collect state taxes if that retailer has a physical presence in the state.

August 30, 2012

Specialty pharmacy is one of the fastest-growing segments of pharmacy today, but only a minority of specialty drugs that end up in patients' hands are dispensed through retail pharmacy channels.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Specialty pharmacy is one of the fastest-growing segments of pharmacy today, but only a minority of specialty drugs that end up in patients' hands are dispensed through retail pharmacy channels.

But with the growing importance of specialty due to the aging population and the commoditization of the market for primary care drugs, more retailers want in on the action, so it wouldn't be in their interest to have PBMs conquer too big a share of the market.

August 30, 2012

Club retailer Costco Wholesale posted sales of $7.4 billion for the month of August, reporting an 8% sales increase over August 2011 and an increase in comps that beat analysts' expectations.

ISSAQUAH, Wash. — Club retailer Costco Wholesale posted sales of $7.4 billion for the month of August, reporting an 8% sales increase over August 2011 and an increase in comps that beat analysts' expectations.

Same-store sales for the chain during the four-week period that ended Sunday increased by 6% over the same period a year ago, reaching the high end of Citi's forecast of 4% to 6% and exceeding Guggenheim Partners' 4% forecast.

August 30, 2012

According to the Centers for Disease Control and Prevention, about 1.9 million new cases of diabetes are diagnosed each year. To help its customers better understand this illness, Sam's Club pharmacy locations are offering free diabetes and vision screenings (diabetes is a leading cause of blindness) for members and the public on Saturday, Sept. 8 from 11 a.m. to 3 p.m.

BENTONVILLE, Ark. — According to the Centers for Disease Control and Prevention, about 1.9 million new cases of diabetes are diagnosed each year. To help its customers better understand this illness, Sam's Club pharmacy locations are offering free diabetes and vision screenings (diabetes is a leading cause of blindness) for members and the public on Saturday, Sept. 8 from 11 a.m. to 3 p.m.

Sam's Club's free diabetes screenings are valued at more than $150 and include:

  • Glucose tests;

August 30, 2012

Delhaize's U.S. division has a new leader.

BRUSSELS — Delhaize's U.S. division has a new leader.

The supermarket conglomerate announced that Roland Smith will serve as Delhaize America's president and CEO, as well as EVP of the Delhaize Group, effective Oct. 15. Smith is replacing Ronald Hodge, who will be retiring from his post this year. Hodge will serve in an advisory role to ensure a smooth transition.

August 27, 2012

Royal Ahold's U.S. subsidiary saw net sales rise 3.4% in light of challenging market conditions, the retailer reported last week.

AMSTERDAM — Royal Ahold's U.S. subsidiary saw net sales rise 3.4% in light of challenging market conditions, the retailer reported last week.

August 26, 2012

Man, you gotta love it when a plan comes together. In the past week, two stories broke that will help position Walgreens at the top of their A-game.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Man, you gotta love it when a plan comes together. In the past week, two stories broke that will help position Walgreens at the top of their A-game. One is the announcement of Walgreens' entree into the loyalty card arena in just a few short weeks; the other is a huge technology news of Walgreens' rollout of an electronic health record across the company's entire platform. And all this not too long after announcing a blockbuster partnership with Alliance Boots and not too long before Walgreens rejoins the Express Scripts pharmacy network.

August 24, 2012

As several suitors eye individual parts of the Supervalu business, Bloomberg reported that Supervalu is seeking buyers to bid for the entire business.

MINNEAPOLIS — As several suitors eye individual parts of the Supervalu business, Bloomberg reported that Supervalu is seeking buyers to bid for the entire business.

The news sparked a rise in Supervalu shares on Friday. As of press time, shares of Supervalu were up more than 9% to $2.32.

August 23, 2012

NEW YORK — GG Gatsby is collaborating with Target.com and Walmart.com to launch its new volumizing hair care line.

These are the first retail collaborations for the brand, and the partnerships enable the brand to bring its hair care line to a new mass demographic.

August 21, 2012

Former Walmart executive David Hoodis has joined the corporate advisory board of Natural Insight, a private retail technology company engaged in workforce management.

STERLING, Va. — Former Walmart executive David Hoodis has joined the corporate advisory board of Natural Insight, a private retail technology company engaged in workforce management.

“We feel privileged to have access to David’s respected experience in workforce innovation. His success with numerous leading retailers brings us an added perspective that enables us to stay even further ahead of market need,” stated Stefan Midford, president and CEO of Natural Insight in making the announcement.

August 21, 2012

Market research firm SymphonyIRI Group has named former Procter & Gamble executive Beverly Grant as president of Retail Solutions.

CHICAGO — Market research firm SymphonyIRI Group has named former Procter & Gamble executive Beverly Grant as president of Retail Solutions.

She will report to Mark Parise, president of IRI, SymphonyIRI.

August 20, 2012

Suitors are lining up to carve out divisions of Supervalu following the company's announcement last month that strategic divestitures were on the table as the Eden Prairie, Minn.-based grocer seeks to turn around its business performance.

CHICAGO — Suitors are lining up to carve out divisions of Supervalu following the company's announcement last month that strategic divestitures were on the table as the Eden Prairie, Minn.-based grocer seeks to turn around its business performance. A Crain's report published Monday identified Klaff Realty as one of the first companies to express an interest, in this case the Jewel-Osco piece of the business.

August 17, 2012

Pfizer's general counsel Amy Schulman has assumed the reigns to Pfizer's consumer healthcare business, the Wall Street Journal reported earlier this week.

NEW YORK — Pfizer's general counsel Amy Schulman has assumed the reigns to Pfizer's consumer healthcare business, the Wall Street Journal reported earlier this week.

Schulman replaces Cavan Redmond, who was named the CEO of WebMD Health.

Pfizer Consumer Healthcare president Paul Sturman, who directly oversees the day-to-day operations of the consumer division, will now report to Schulman.

 

August 17, 2012

Walgreens. CVS. Rite Aid. Walmart. Costco. Health Mart. Sam’s Club. Ahold. H-E-B. Winn-Dixie. McKesson. Good Neighbor Pharmacy. Kerr Drug. Rexall Canada. Family Dollar. Shoppers Drug Mart. Giant Eagle. The list of participating companies in the 14th Annual Drug Store News Group Industry Issues conference reads like a “who’s who” of retailing.


Walgreens. CVS. Rite Aid. Walmart. Costco. Health Mart. Sam’s Club. Ahold. H-E-B. Winn-Dixie. McKesson. Good Neighbor Pharmacy. Kerr Drug. Rexall Canada. Family Dollar. Shoppers Drug Mart. Giant Eagle. The list of participating companies in the 14th Annual Drug Store News Group Industry Issues conference reads like a “who’s who” of retailing.


August 16, 2012

Sears Holdings, the parent company of Kmart, posted a 3.7% decline in same-store sales and a $132 million loss for second quarter 2012, according to financial results announced Thursday.

HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of Kmart, posted a 3.7% decline in same-store sales and a $132 million loss for second quarter 2012, according to financial results announced Thursday.

August 8, 2012

Kmart said it has adjusted its approach to back to school by increasing the number of stores that sell uniforms and aligning its back-to-school sales periods by region to match that of the local school districts.

HOFFMAN ESTATES. Ill. — Kmart said it has adjusted its approach to back to school by increasing the number of stores that sell uniforms and aligning its back-to-school sales periods by region to match that of the local school districts.

August 7, 2012

The stalemate between Walgreens and Express Scripts may have come to an end, but CVS Caremark remains optimistic and has developed a multifaceted plan to help it retain a significant number of the prescriptions gained from the impasse, CVS Caremark president and CEO Larry Merlo told analysts during Tuesday morning’s second-quarter conference call.

WOONSOCKET, R.I. — The stalemate between Walgreens and Express Scripts may have come to an end, but CVS Caremark remains optimistic and has developed a multifaceted plan to help it retain a significant number of the prescriptions gained from the impasse, CVS Caremark president and CEO Larry Merlo told analysts during Tuesday morning’s second-quarter conference call.

August 7, 2012

Beginning this month, South Carolina is allowing retail-based health clinics to enroll as providers in Medicaid, a move that will enable Medicaid patients to use clinics for wellness visits, preventive services and to treat acute ailments, according to a local news report.

NEW YORK — Beginning this month, South Carolina is allowing retail-based health clinics to enroll as providers in Medicaid, a move that will enable Medicaid patients to use clinics for wellness visits, preventive services and to treat acute ailments, according to a local news report.

According to The Post and Courier, South Carolina Medicaid director Tony Keck said the move is designed to expand access to care and keep those patients with basic health issues from using high-cost emergency departments.

August 6, 2012

Supervalu now is in full turnaround mode, and with the naming of Wayne Sales as CEO to lead the charge, analysts are saying the Canadian retail executive who helped turn around Canadian Tire is the right man for the job. But Supervalu still has plenty of heavy lifting to do.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Supervalu now is in full turnaround mode, and with the naming of Wayne Sales as CEO to lead the charge, analysts are saying the Canadian retail executive who helped turn around Canadian Tire is the right man for the job. But Supervalu still has plenty of heavy lifting to do.

(THE NEWS: Supervalu names new president, CEO. For the full story, click here)

August 6, 2012

Rite Aid is offering flu shots at all of its stores, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid is offering flu shots at all of its stores, the retail pharmacy chain said.

The company announced Monday the availability of the shots, offering during pharmacy hours, with no appointment necessary, for $29.99.

August 6, 2012

Walgreens is looking to make getting a flu shot as easy as walking into any Walgreens, Duane Reade and Take Care Clinic by offering flu shots without an appointment.

DEERFIELD, Ill. — Walgreens is looking to make getting a flu shot as easy as walking into any Walgreens, Duane Reade and Take Care Clinic by offering flu shots without an appointment.

August 3, 2012

Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.

MATTHEWS, N.C. — Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.