Content about Top Retailers

January 31, 2014

Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which — combined with greater than expected international expense — prompted an uncharacteristic preannouncement from the company that fourth quarter profits would be worse than expected.

BENTONVILLE, Ark. — Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which — combined with greater than expected international expense — prompted an uncharacteristic preannouncement from the company that fourth quarter profits would be worse than expected.

January 31, 2014

Fifty-seven percent of consumers purchased digital gift cards in December 2013, and 43% purchased physical cards. Data from prepaid product and transaction services company InComm also shows that 80% of consumers purchased digital cards in the six days leading up to Christmas, and 20% of consumers purchased physical cards in the six days leading up to Christmas.

PORTLAND, Ore. — Fifty-seven percent of consumers purchased digital gift cards in December 2013, and 43% purchased physical cards. Data from prepaid product and transaction services company InComm also shows that 80% of consumers purchased digital cards in the six days leading up to Christmas, and 20% of consumers purchased physical cards in the six days leading up to Christmas.

January 30, 2014

The loss of the Walgreens contract was a key consideration in Cardinal Health's 12% decline in overall revenue for the company's second quarter 2014, George Barrett, Cardinal Health chairman and CEO, told analysts Thursday morning.

DUBLIN, Ohio — The loss of the Walgreens contract was a key consideration in Cardinal Health's 12% decline in overall revenue for the company's second quarter 2014, George Barrett, Cardinal Health chairman and CEO, told analysts Thursday morning. Revenue totaled $22.2 billion. The loss of the Walgreens contract totaled $5 billion. 

But Cardinal Health is bullish regarding its future. Cardinal Health increased its outlook for the next six months, raising its non-GAAP EPS range to $3.75 to $3.85. 

January 30, 2014

Target reportedly said a data breach at an unidentified vendor led to hackers obtaining phony credentials that allowed them to gain access to Target’s systems and steal the information for 40 million credit and debit cards, as well as the personal data of about 70 million consumers.

MINNEAPOLIS — Target reportedly said a data breach at an unidentified vendor led to hackers obtaining phony credentials that allowed them to gain access to Target’s systems and steal the information for 40 million credit and debit cards, as well as the personal data of about 70 million consumers. According to the Associated Press, Target did not offer any specific details on who the vendor was or how hackers obtained the credentials.

January 30, 2014

Rite Aid's January same-store sales increased 1.8%, beating out an analyst projection of a 0.5% increase in overall comparable-store sales. Total drug store sales for the four weeks ended Jan. 25 increased 1.5% to $1.9 billion.

CAMP HILL, Pa. — Rite Aid's January same-store sales increased 1.8%, beating out an analyst projection of a 0.5% increase in overall comparable-store sales. Total drug store sales for the four weeks ended Jan. 25 increased 1.5% to $1.9 billion.

January front-end same-store sales decreased 1.3%, of which 1.4% was attributable to a decrease in sales of flu-related over-the-counter products. Pharmacy same-store sales, which included an approximate 124 basis points negative impact from new generic introductions, increased 3.2%. 

January 30, 2014

Apigee recently hosted Tim McCauley, Walgreens’ senior director of mobile commerce, and Joe Rago, a senior product manager at Walgreens, to discuss Walgreens' digital transformation and API strategy during the organization's I Heart APIs conference.

SAN JOSE, Calif. — Apigee recently hosted Tim McCauley, Walgreens’ senior director of mobile commerce, and Joe Rago, a senior product manager at Walgreens, to discuss Walgreens' digital transformation and API strategy during the organization's I Heart APIs conference.

Apigee made the video of the presentation available in a blog on Wednesday. 

January 30, 2014

In January, Walgreens recognized students, teachers and their schools for their leadership in teen health advocacy and awareness.

CHICAGO — In January, Walgreens recognized students, teachers and their schools for their leadership in teen health advocacy and awareness. Students, teachers and schools were awarded more than $28,000 for their contributions to the Expressions Challenge, Walgreens stated. 

January 29, 2014

Tough comparisons against a robust flu season last year and the continued lackluster economy may put a chill in pharmacy comps for the month of January, wrote Credit Suisse research analyst Ed Kelly.

NEW YORK — Tough comparisons against a robust flu season last year and the continued lackluster economy may put a chill in pharmacy comps for the month of January, wrote Credit Suisse research analyst Ed Kelly in a note published Wednesday. 

January 29, 2014

Kroger and Harris Teeter supermarkets announced that the merger transaction between the two companies was completed on Jan. 28, 2014.

CINCINNATI — Kroger and Harris Teeter supermarkets Wednesday morning announced that the merger transaction between the two companies was completed on Jan. 28, 2014. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock.

As of Jan. 28 shares of Harris Teeter common stock ceased to trade on the New York Stock Exchange.

January 29, 2014

Almost two-thirds of specialty pharmacy revenues are attributed to 1-of-3 companies, and the specialty pharmacy market is poised to explode, according to a Drug Channels Institute report.

PHILADELPHIA — Almost two-thirds of specialty pharmacy revenues are attributed to 1-of-3 companies, and the specialty pharmacy market is poised to explode, according to a Drug Channels Institute report released Tuesday. 

January 29, 2014

Rite Aid announced that associates in its corporate offices located throughout the greater Harrisburg area raised $613,555 during its 2013 fundraising campaign for the United Way of the Capital Region.

CAMP HILL, Pa. — Rite Aid on Tuesday announced that associates in its corporate offices located throughout the greater Harrisburg area raised $613,555 during its 2013 fundraising campaign for the United Way of the Capital Region. Rite Aid has raised more than $6.4 million for the United Way of the Capital Region since it began holding a corporate campaign in 2002. 

January 29, 2014

Target plans to carry on its Canadian expansion this year with nine additional stores, the majority of which will open in Ontario, although the retailer plans to open single stores in Quebec, Manitoba, Alberta and British Columbia.

MISSISSAUGA, ONTARIO — Target plans to carry on its Canadian expansion this year with nine additional stores, the majority of which will open in Ontario, although the retailer plans to open single stores in Quebec, Manitoba, Alberta and British Columbia.

 

 

January 28, 2014

Fiber One wants to help consumers stick to their New Year's goals with the introduction of a healthy new cereal, the company said.

MINNEAPOLIS — Fiber One wants to help consumers stick to their New Year's goals with the introduction of a new cereal, the company said.

Fiber One launched Fiber One Protein, a granola cereal that's available in two flavors — Maple Brown Sugar and Cranberry Almond. Each serving of Fiber One Protein delivers 10g of protein when served with milk, as well as 20% of daily value of fiber.

January 28, 2014

Merchandise returns in 2013 cost retailers in the United States more than $267 billion in lost sales. That’s one of the findings contained in the Retail Equation’s "2013 Consumer Returns in the Retail Industry" study.

IRVINE, Calif. — Merchandise returns in 2013 cost retailers in the United States more than $267 billion in lost sales. That’s one of the findings contained in the Retail Equation’s "2013 Consumer Returns in the Retail Industry" study, which analyzes results from the National Retail Federation’s annual survey on merchandise returns and the "2012 Canadian Retail Security Survey" from the Retail Council of Canada National Retail Federation.

January 28, 2014

The Walmart Foundation, Goodwill Industries International, National Disability Institute and United Way on Monday launched the 2014 MyFreeTaxes program, an initiative offering free online federal and state tax preparation in all 50 states.

BENTONVILLE, Ark. — The Walmart Foundation, Goodwill Industries International, National Disability Institute and United Way on Monday launched the 2014 MyFreeTaxes program, an initiative offering free online federal and state tax preparation in all 50 states. MyFreeTaxes provides free federal and state tax preparation and filing assistance, both online and in-person, to eligible households earning $58,000 or less a year. 

January 27, 2014

Eighty percent of U.S. consumers use the Internet when they shop. The fourth annual research study of shopper behavior, conducted by Cisco Consulting Services, revealed the percentage of “uber-digitals” shoppers, who regularly use their smartphones for their shopping decision-making, nearly doubled to 18% of the sampled population.

NEW YORK — Eighty percent of U.S. consumers use the Internet when they shop. The fourth annual research study of shopper behavior, conducted by Cisco Consulting Services, revealed the percentage of “uber-digitals” shoppers, who regularly use their smartphones for their shopping decision-making, nearly doubled to 18% of the sampled population.

January 27, 2014

Walgreens Infusion Services on Monday announced that it has been selected as the preferred provider of home administration services for Makena (hydroxyprogesterone caproate injection), the only FDA-approved medication to help reduce the risk of preterm birth for clinically indicated patients.

DEERFIELD, Ill. — Walgreens Infusion Services on Monday announced that it has been selected as the preferred provider of home administration services for Makena (hydroxyprogesterone caproate injection), the only FDA-approved medication to help reduce the risk of preterm birth for clinically indicated patients. Makena is a progestin indicated to reduce the risk of preterm birth in women with a singleton pregnancy who have a history of singleton spontaneous preterm birth.

January 24, 2014

The Children’s Hospital of Philadelphia on Friday hosted an event to announce a $5 million leadership gift from Giant Food Stores to support construction of the Buerger Center for Advanced Pediatric Care, an outpatient facility scheduled to open in the University City section of Philadelphia in 2015.

PHILADELPHIA — The Children’s Hospital of Philadelphia on Friday hosted an event to announce a $5 million leadership gift from Giant Food Stores to support construction of the Buerger Center for Advanced Pediatric Care, an outpatient facility scheduled to open in the University City section of Philadelphia in 2015. Giant Food Stores’ contribution punctuates nearly 20 years of philanthropic support for patient care programs at Children’s Hospital. In recognition of Giant Food Stores’ gift, the lobby of the Buerger Center will be named the Giant Lobby.

January 24, 2014

Meijer customers donated more than $510,000 during the holiday Simply Give campaign, helping food pantries throughout the Midwest restock their shelves.

GRAND RAPIDS, Mich. — Meijer customers donated more than $510,000 during the holiday Simply Give campaign, helping food pantries throughout the Midwest restock their shelves. That commitment to supporting hungry families, combined with a donation from Meijer, raised the holiday campaign total to more than $1.2 million, making it the most successful campaign since Simply Give began in November 2008, the grocer reported.

January 24, 2014

Family support group Tomorrow's Child recently partnered with Walgreens stores across Michigan, according to the company.

EAST LANSING, Mich. — Family support group Tomorrow's Child recently partnered with Walgreens stores across Michigan, according to the company. 

Supporters of Tomorrow's Child can help more babies reach their first birthdays by visiting Walgreens in January and purchasing $1 or $5 "pin-ups" at any of its 230 Michigan stores.

January 24, 2014

Walmart health-and-wellness president John Agwunobi shared wide-ranging thoughts regarding the state of health care in America and ways in which the evolving marketplace is impacting Walmart customers.

ROGERS, Ark. — Walmart health-and-wellness president John Agwunobi shared wide-ranging thoughts regarding the state of health care in America and ways in which the evolving marketplace is impacting Walmart customers.
 

January 23, 2014

Kroger is test-marketing the giving of 1,000 "fuel points" toward discounted gas for each transferred prescription vs. the traditional $25 Kroger gift card, according to a blog published on the Houston Chronicle website Wednesday.

HOUSTON — Kroger is test-marketing the giving of 1,000 "fuel points" toward discounted gas for each transferred prescription vs. the traditional $25 Kroger gift card, according to a blog published on the Houston Chronicle website Wednesday. 

January 23, 2014

SheaMoisture, a personal care brand, has released two new products formulated especially for babies and children with allergies and skin sensitivities.

AMITYVILLE, N.Y. — SheaMoisture, a personal care brand, has released two new products formulated especially for babies and children with allergies and skin sensitivities.

January 23, 2014

Due in part to the new Walgreens pharmaceutical business, AmerisourceBergen on Thursday reported revenue of $29.2 billion, up 38.5%, for its fiscal year 2014 first quarter ended Dec. 31.

VALLEY FORGE, Pa. — Due in part to the new Walgreens pharmaceutical business, AmerisourceBergen on Thursday reported revenue of $29.2 billion, up 38.5%, for its fiscal year 2014 first quarter ended Dec. 31.

“In our December quarter, we delivered solid results as we onboarded substantial new business,” Steven Collis, AmerisourceBergen president and CEO, said. “We performed well operationally, made meaningful progress through a significant working capital transition, and positioned ourselves well to meet our objectives for the fiscal year.”

January 23, 2014

The Walmart Foundation’s Colorado State Giving Program has awarded $321,000 to eight Colorado nonprofits that are helping to fund local programs to improve education, women’s economic empowerment and healthy eating, as well as to fight hunger.

DENVER — The Walmart Foundation’s Colorado State Giving Program has awarded $321,000 to eight Colorado nonprofits that are helping to fund local programs to improve education, women’s economic empowerment and healthy eating, as well as to fight hunger. The organizations include We Don’t Waste, Lapuente Home, Care and Share, Kids Aid, Project Angel Heart, Women’s Resource Agency, Broadway Assistance Center and Discover Goodwill of Southern and Western Colorado.