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LEADING HEADLINES

NPD reports beauty sales on the rise

NPD reports beauty sales on the rise

PORT WASHINGTON, N.Y.  – Higher income consumers in the U.S. with annual household incomes of over $100,000, spent nearly $9 billion on beauty products in the first half of 2022. Beauty sales to these consumers increased by 14%, year over year, according to The NPD

Dr. Reddy’s acquires rights to private label Lumify

Dr. Reddy’s acquires rights to private label Lumify

PRINCETON, N.J. – Dr. Reddy’s Laboratories has acquired U.S. rights to Slayback Pharma’s brimonidine tartrate ophthalmic solution 0.025%, the private label equivalent of Lumify. The-counter eye drop can be used to relieve redness due to minor eye irritations. The agreement also provides Dr. Reddy’s exclusive

WBA sells 11 million shares of Option Care Health stock

WBA sells 11 million shares of Option Care Health stock

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced Wednesday that it has sold 11.0 million shares of Option Care Health common stock in an underwritten secondary offering. After the sale, Walgreens Boots Alliance’s ownership of Option Care Health’s common stock has decreased from approximately 20.5%

Hy-Vee names Gosch CEO of retail operations

Hy-Vee names Gosch CEO of retail operations

WEST DES MOINES, Iowa — Hy-Vee chairman and CEO Randy Edeker has named Jeremy Gosch as CEO and president of Hy-Vee’s retail operations as well as vice chairman of Hy-Vee’s Board of Directors. Gosch will lead alongside Aaron Wiese, who will serve as CEO and

Biden signs major climate, health care and tax bill into law

Biden signs major climate, health care and tax bill into law

WASHINGTON — President Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months before

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RETAIL NEWS

Walmart Q2 sales, earnings beat expectations

BENTONVILLE, Ark. — Walmart reported stronger than expected second quarter sales and earnings on Tuesday, and revised its full-year earnings outlook. The company said it delivered strong top-line growth globally, partially driven by inflation. Total revenue was $152.9 billion, up 8.4%, or 9.1% in constant

Flu shots now available at CVS Pharmacy and MinuteClinic nationwide

WOONSOCKET, R.I. — CVS Health is reminding Americans that it is more important than ever to stay current with vaccinations and other routine health care needs. By getting an annual flu shot, ensuring COVID-19 boosters are up to date, and taking other proactive preventative health measures,

Walmart+ adds Paramount+ as member benefit

BENTONVILLE, Ark. — Amazon Prime offers a streaming TV service as one of the perks of membership. Soon Walmart+ members will get one too. Beginning in September, Walmart+ members will be able to stream premium entertainment through access to the Paramount+ Essential Plan, which includes access

Rite Aid and WellSpan Health join forces

PHILADELPHIA — Rite Aid  and WellSpan Health, an integrated health system serving central Pennsylvania and northern Maryland, announced Monday they have established a partnership to improve health outcomes for WellSpan’s patient population. Together, Rite Aid and WellSpan Health will share data and insights to close

SUPPLIER NEWS

Eosera makes the Inc. 5000 list again

NEW YORK – Inc. revealed that Texas-based ear care company Eosera is No. 1933 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s

“FDA listened and heard” in issuing final rule on OTC hearing aids says CHPA

WASHINGTON — The Consumer Healthcare Products Association (CHPA) released the following statement upon the U.S. Food and Drug Administration (FDA) final rule establishing a regulatory category for over-the-counter (OTC) hearing aids: “Consumer medical devices and other OTC products provide Americans with accessible, affordable, and trusted personal

Albolene launches new hydrating facial cleansers

CHATTANOOGA, Tenn.  – Albolene has announced the roll out of its new line of hydration-packed facial cleansers. Designed to leave skin soft and nourished, without irritation or dryness, the new products include: a Hydrating Cleansing Balm, a Hydrating Daily Cleanser and a Hydrating Micellar Milk

Johnson & Johnson to stop selling talc-based baby powder globally

NEW YORK — Johnson & Johnson announced that the company will no longer sell its talcum-based baby powder worldwide and replace the product with its existing cornstarch version starting next year, the consumer products giant said last week. This move comes after thousands of lawsuits