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Family Dollar to close nearly 1,000 stores

Family Dollar to close nearly 1,000 stores

CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire. Family

Biden vows to cut costs of Rx drugs

Biden vows to cut costs of Rx drugs

WASHINGTON — President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications. The two proposals expand on actions taken in the 2022 Inflation

Kroger’s Q4 earnings beat expectations

Kroger’s Q4 earnings beat expectations

CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.8% in the quarter, while underlying identical sales without fuel increased 0.1%. The

Rite Aid to divest majority of Health Dialog assets

Rite Aid to divest majority of Health Dialog assets

PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions. Health Dialog provides personalized population health solutions to improve the health of members while

Target’s earnings top expectations, but sales lag

Target’s earnings top expectations, but sales lag

MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said. Target reported that GAAP and adjusted earnings per share of $2.98 was 57.6% higher than last year, and well-above the high end of the expected range of

NACDS urges Biden to push for PBM reform

NACDS urges Biden to push for PBM reform

WASHINGTON – The National Association of Chain Drug Stores (NACDS) continues to call for the immediate implementation of reforms to address the tactics of pharmaceutical benefit middlemen, amid attempts by PBMs to stall Congressional action and perpetuate their harmful practices. An NACDS letter to President Biden on Friday applauds the Administration for holding a listening session today

NRF Economist: Inflation remains key

NRF Economist: Inflation remains key

WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few

CVS Media Exchange (CMX) partners with Pinterest

CVS Media Exchange (CMX) partners with Pinterest

WOONSOCKET, R.I. — CVS Media Exchange (CMX), a data-led, technology-driven media network that enables partners to reach and better serve CVS Pharmacy shoppers, is partnering with Pinterest and LiveRamp on data clean rooms to bring greater transparency to partners (CPG brand suppliers). Provided by LiveRamp, this clean room solution allows CMX partners to track attributed Pinterest

WBA allowing use of Medicare Advantage benefits online

WBA allowing use of Medicare Advantage benefits online

DEERFIELD, Ill. — Walgreens announced it is the first community pharmacy to accept a broad array of Medicare Advantage supplemental benefits online, through Walgreens.com and the Walgreens app. Eligible members can now shop from a catalog of approximately 1,700 Shop Eligible Products on Walgreens digital channels. Consumers have been able to shop using their Medicare Advantage supplemental

FTC sues to block Kroger-Albertsons Merger

FTC sues to block Kroger-Albertsons Merger

WASHINGTON —  Tthe Federal Trade Commission has sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed the lawsuit in U.S. District Court in Oregon on Monday. It was joined in the suit

Dollar General opens 20,000th store

Dollar General opens 20,000th store

GOODLETTSVILLE, Tenn. — Dollar General on Friday celebrated the grand opening of its 20,000th store at its DG Market location in Alice, Texas. “Today marks an incredible milestone in Dollar General’s history,” said Steve Deckard, Dollar General’s executive vice president of store operations and development. “From our first general store to today’s 20,000th store opening,

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