Content about Economy of the United States

February 19, 2014

The Hertz Corp. and Costco in the U.K. have teamed up to bring short-term Hertz 24/7 van rental to Costco's members.

LONDON —The Hertz Corp. and Costco in the U.K. have teamed up to bring short-term Hertz 24/7 van rental to Costco's members. 

February 19, 2014

MD Professional announced on Wednesday that its MD Complete skin care line is debuting nationwide at Target stores.

NEW YORK — MD Professional announced on Wednesday that its MD Complete skin care line is debuting nationwide at Target stores.

The line, created by dermatologist Dr. Brian Zelickson, launched exclusively on Target.com on Feb. 17 and will be available in select Target stores beginning in March. Products also are available on MDCompleteSkincare.com as of Feb. 16. MD Complete ranges in price from $16.99 to $39.99.

February 19, 2014

A recent poll of U.S. millennial, gen X and Baby Boomer consumers found that traditional retail categories are increasingly blurring, and more and more shoppers are turning to drug stores to buy groceries.

NEW YORK — A recent poll of U.S. millennial, gen X and Baby Boomer consumers found that traditional retail categories are increasingly blurring, and more and more shoppers are turning to drug stores to buy groceries.

Retail design firm King Retail Solutions conducted the fall 2013 study among more than 1,200 consumers.

February 19, 2014

Safeway on Wednesday afternoon confirmed it is in discussions concerning a possible transaction involving the sale of the company.

PLEASANTON, Calif. — Safeway on Wednesday afternoon confirmed it is in discussions concerning a possible transaction involving the sale of the company. However, the company declined to comment further at this time. "Although the discussions are ongoing, the company has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction," Safeway stated as part of its earnings release. 

February 19, 2014

DiversityBusiness.com earlier this month named the “Top 50 Organizations for Multicultural Business Opportunities."

SOUTHPORT, Conn. — DiversityBusiness.com earlier this month named the “Top 50 Organizations for Multicultural Business Opportunities." More than 1.3 million diversity business owners participated in an online election to determine the “Top” 50 organizations. Wal-Mart Stores was named the leading retailer and No. 2 overall for providing business opportunities to diverse business owners throughout the United States. Food, drug and mass retailers Kroger (No. 11), Target (No. 18), Supervalu (No. 23), Walgreens (No. 26) and Ahold USA (No.

February 18, 2014

Horst M. Rechelbacher, the founder of Aveda and a self-proclaimed “student” of nature, died on Feb. 15 at his home in Osceola, Wis., after a battle with pancreatic cancer.

MINNEAPOLIS — Horst M. Rechelbacher, the founder of Aveda  and a self-proclaimed “student” of nature, died on Feb. 15 at his home in Osceola, Wis., after a battle with pancreatic cancer. He was 72 years old.

February 18, 2014

Hy-Vee announced that it has entered into an agreement to purchase Amber Pharmacy, a specialty pharmacy solutions provider based in Omaha, Neb.

WEST DES MOINES, Iowa — Hy-Vee on Monday announced that it has entered into an agreement to purchase Amber Pharmacy, a specialty pharmacy solutions provider based in Omaha, Neb. Hy-Vee and Amber Pharmacy have been partners in Hy-Vee Pharmacy Solutions since 2010. This acquisition allows Hy-Vee to expand its current specialty pharmacy business, providing customers with increased specialty options, access and affordability.

February 13, 2014

Acosta Sales & Marketing, a sales and marketing agency in the consumer packaged goods industry, has signed an agreement to acquire Anderson Daymon Worldwide, the agency that exclusively serves Costco Wholesale.

JACKSONVILLE, Fla. — Acosta Sales & Marketing, a sales and marketing agency in the consumer packaged goods industry, has signed an agreement to acquire Anderson Daymon Worldwide, the sales and marketing agency that exclusively serves Costco Wholesale.

February 13, 2014

The Little Clinic continues to expand its geographic footprint with openings this month inside Kroger stores in the Cincinnati region and Louisville, Ky.

NASHVILLE — The Little Clinic continues to expand its geographic footprint with openings this month inside Kroger stores in the Cincinnati region and Louisville, Ky.

On Feb. 12, the company opened its newest clinic inside the Kroger Marketplace in Middletown, Ohio.

"Wherever you are in Cincinnati, one of our clinics is not far away," said Ken Patric, chief medical officer for The Little Clinic. "Adding additional clinics in the area allows a greater number of consumers close access to convenient, quality healthcare.”

February 11, 2014

CVS Caremark released on Tuesday fourth-quarter results, which came in at the high end of expectations and helped produce a record year, but as expected, among the key topics of discussion during the conference call with analysts was the company’s recent decision to stop selling tobacco products in all of its stores by Oct. 1.

WOONSOCKET, R.I. — CVS Caremark released on Tuesday fourth-quarter results, which came in at the high end of expectations and helped produce a record year, but as expected, among the key topics of discussion during the conference call with analysts was the company’s recent decision to stop selling tobacco products in all of its stores by Oct. 1.

February 11, 2014

Forging ahead on its longer-term goal of creating a national platform to support primary care, CVS Caremark plans to open up at least 150 new MinuteClinic locations this year and is now testing telehealth at more than two-dozen sites.

WOONSOCKET, R.I. — Forging ahead on its longer-term goal of creating a national platform to support primary care, CVS Caremark plans to open up at least 150 new MinuteClinic locations this year and is now testing telehealth at more than two-dozen sites.

With a primary care physician shortage that is expected to reach 45,000 in 2020 and nearly half of patients indicating that they do not have a primary care physician, the role of MinuteClinic is no doubt becoming increasingly vital.

February 10, 2014

Supervalu on Monday announced it will host its first-ever national sales expo, Sales 4 All Seasons, this summer.

EDEN PRAIRIE, Minn. — Supervalu on Monday announced it will host its first-ever national sales expo, Sales 4 All Seasons, this summer.

February 7, 2014

CVS Caremark made big news — BIG news — when it announced on Feb. 5 that it would pull tobacco products from all of its pharmacy locations.

This is an extremely important step for the company as it sends the strong message that it is truly dedicated to helping people on their path to better health. Stripping away the roughly $2 billion in revenues garnered from the tobacco shopper likely wasn’t an easy decision but it makes sense — a lot of sense — for CVS. It clearly demonstrates to its shoppers, health systems and PBM clients that it is placing patients’ health front and center.

CVS Caremark made big news — BIG news — when it announced on Feb. 5 that it would pull tobacco products from all of its pharmacy locations.

February 7, 2014

Food Lion has unveiled a new online tool, MVP Coupon Hub, to make accessing grocery coupons online easier for customers.

SALISBURY, N.C. — Food Lion has unveiled a new online tool, MVP Coupon Hub, to make accessing grocery coupons online easier for customers.

The new tool, found on the grocer’s website features load-to-card and printable coupons.

February 6, 2014

Coca-Cola and Green Mountain Coffee Roasters have signed a 10-year agreement to work together on the development and introduction of Coca-Cola’s global brand portfolio for use in GMCR's upcoming Keurig Cold at-home beverage system.

ATLANTA and WATERBURY, Vt. — Coca-Cola and Green Mountain Coffee Roasters have signed a 10-year agreement to work together on the development and introduction of Coca-Cola’s global brand portfolio for use in GMCR's upcoming Keurig Cold at-home beverage system.

Under the agreement, the companies will cooperate to bring the Keurig Cold beverage system to consumers around the world. The companies also entered into a Common Stock Purchase Agreement; Coca-Cola will purchase a 10% minority equity position in GMCR.

February 6, 2014

Costco on Thursday reported net sales of $8 billion for the four weeks ended Feb. 2, representing an increase of 6% percent from the similar four-week period last year.

ISSAQUAH, Wash. — Costco on Thursday reported net sales of $8 billion for the four weeks ended Feb. 2, representing an increase of 6% percent from the similar four-week period last year. 

Comparable store sales across Costco's U.S. store base were up 5%.

For the 22 weeks ended Feb. 2, Costco reported net sales of $46.3 billion, representing a similar increase of 6% vs. the year-ago period. 

 

February 6, 2014

McKesson confirmed that it has completed the previously announced agreement with Franz Haniel & Cie. GmbH to acquire their entire holding of Celesio shares.

SAN FRANCISCO — McKesson on Thursday confirmed that it has completed the previously announced agreement with Franz Haniel & Cie. GmbH to acquire their entire holding of Celesio shares. McKesson also confirmed it has completed the previously announced agreement with an affiliate of Elliott Management to acquire Celesio convertible bonds.  

McKesson now exceeds 75% ownership of Celesio shares on a fully diluted basis.

February 6, 2014

On the heels of news that TPG Growth has acquired a majority stake in e.l.f. Cosmetics, the beauty brand has announced the appointment of consumer products veteran Tarang Amin as president, CEO and director, effective immediately.

NEW YORK — On the heels of news that TPG Growth has acquired a majority stake in e.l.f. Cosmetics, the beauty brand has announced the appointment of consumer products veteran Tarang Amin as president, CEO and director, effective immediately.

Amin succeeds former CEO Joey Shamah, who will continue as a significant investor and director and will maintain an ongoing management role in the company.

Amin has more than 20 years of consumer products experience. Most recently he served as president, CEO and director of Schiff Nutrition.
 

February 6, 2014

In response to CVS Caremark's announcement to pull tobacco products out of its stores, Walgreens stated that the category has been under review at its stores, too.

DEERFIELD, Ill. — In response to CVS Caremark's announcement to pull tobacco products out of its stores, Walgreens stated that the category has been under review at its stores, too.

Walgreens has been evaluating its tobacco line for “some time,” and said it “will continue to evaluate the choice of products our customers want, while also helping to educate them and providing smoking cessation products and alternatives that help reduce the demand for tobacco products,” noted Michael Polzin, Walgreens spokesperson.

February 5, 2014

The Seahawks got a surprise from Coca-Cola when they returned to clean out their lockers at their training facilities.

RENTON, Wash. — The Seahawks got a surprise when they returned to clean out their lockers at their training facilities. Coca-Cola distributed commemorative, limited-edition cans of Coke Zero that featured the team logo, which mark the first world championship in the Seattle Seahawks’ history.

February 5, 2014

CVS Caremark will participate in the American Heart Association's National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.

WOONSOCKET, R.I. — CVS Caremark will participate in the American Heart Association's National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.

February 5, 2014

In support of the health and well-being of its patients and customers, CVS Caremark announced on Wednesday that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the United States by Oct. 1, making CVS/pharmacy the first national pharmacy chain to take this step.

WOONSOCKET, R.I. — In support of the health and well-being of its patients and customers, CVS Caremark announced on Wednesday that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the United States by Oct. 1, making CVS/pharmacy the first national pharmacy chain to take this step. It also will undertake a robust national smoking-cessation program that will launch in the spring.

February 5, 2014

CVS Caremark was awarded the 2014 Rx Benefit Innovation Award by the Pharmacy Benefit Management Institute on Tuesday, the company reported.

WOONSOCKET, R.I. — CVS Caremark was awarded the 2014 Rx Benefit Innovation Award by the Pharmacy Benefit Management Institute on Tuesday, the company reported. The award recognizes the company's new Specialty Connect program, which was developed by CVS Caremark to improve access, quality of care and convenience for specialty pharmacy patients.

February 5, 2014

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, DSN has learned.

BOULDER, Colo. — Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, DSN has learned. 

Panzer will be in charge of pharmacy operations at Sears Holding and will direct the health and wellness initiatives across K-Mart pharmacy as SVP and president pharmacy. 

February 5, 2014

John Mulligan, EVP and CFO of Target, said the retailer is deeply sorry for its late 2013 data security breach and is aware that consumer confidence in the company is shaken; his comments came during a Feb. 4 testimony before the Senate Judiciary Committee.

MINNEAPOLIS — John Mulligan, EVP and CFO of Target, said the retailer is deeply sorry for its late 2013 data security breach and is aware that consumer confidence in the company is shaken; his comments came during a Feb. 4 testimony before the Senate Judiciary Committee.

According to Reuters, Mulligan also said that Target discovered 25 registers infected with malware on Dec. 18, contradicting an earlier statement from the retailer that all malware had been removed by Dec. 15.