Wendy future of retail top

2017

WBA, Rite Aid look ahead after FTC acts

NEW YORK — Wall Street analysts say the fog around Walgreens Boots Alliance Inc. and Rite Aid Corp. is set to clear after a nearly two-year process that culminated in an unsuccessful merger and a deal to sell over 40% of Rite Aid’s stores to WBA. The Federal Trade Commission late last month approved a

SDM redesigns outlet store for seniors

SDM redesigns outlet store for seniors

TORONTO — Shoppers Drug Mart (SDM) is reshaping the shopping experience for seniors with a new format here. The Wellwise by Shoppers Drug Mart outlet caters to the needs of aging Canadians who don’t want an “old person’s store,” says SDM senior vice president of health care businesses Theresa Fire­stone. Shopping for the elderly “doesn’t

Health Mart spotlights revenue

IRVING, Texas — Health Mart has kicked off a Town Hall continuing education series titled “Revenue Remedies: Inject Profits into Your Business with Expanded Partnerships and Clinical Services.” The independent pharmacy network will host more than 80 events across the country through early next year. The new events will help pharmacies overcome barriers and maximize

Walgreens selects IBM to support field services

DEERFIELD, Ill. — IBM has announced a new agreement with Walgreens to deploy IBM retail analytics at more than 8,100 locations nationwide to help improve the efficiency of field service support for these locations. With IBM’s support of IT systems at Walgreens stores, IBM’s unique capabilities to integrate hardware and software from different vendors under

CVS Health takes big steps to combat opioid abuse

WOONSOCKET, R.I. — CVS Health unveiled a major plan that utilizes all its integrated pharmacy assets to help combat misuse and abuse of opioid painkillers. The retailer said that its enterprisewide strategy to fight the opioid epidemic includes initiatives for safe drug disposal and utilization management of pain medications, as well as increased funding for

Rx rewards nixed by Alberta court

EDMONTON, Alberta — An Alberta court has rebuffed Sobeys Inc.’s efforts to quash an Alberta College of Pharmacists (ACP) ban on loyalty rewards for prescription drug purchases. The Alberta Court of Appeal overturned a decision against the proposed ban last year. In that ruling, the court found no evidence of actual or potential harm to

Envisioning America on its 250th birthday

Envisioning America on its 250th birthday

On July 4, 2026, when America marks its 250th birthday, will the nation be stable and prosperous? That is the core question behind America@250 — a multiyear initiative launched by A.T. Kearney, in partnership with The Wall Street Journal. Muhtar Kent of Coca-Cola Co., Chip Bergh of Levi Strauss, Rhonda Vetere of Estée Lauder Cos.,

Addition of Crawford is well-timed for Rite Aid

Addition of Crawford is well-timed for Rite Aid

September was an eventful month for Rite Aid Corp. In the wake of belated action by the Federal Trade Commission, the company moved quickly to dispel doubts about its future direction and begin the challenging task of operating more profitably from a smaller store base. Rite Aid had been under a cloud of uncertainty for

Metro, Jean Coutu strike deal to merge

Metro, Jean Coutu strike deal to merge

MONTREAL — Just days after confirming talks about a potential deal, Metro Inc. and the Jean Coutu Group have agreed to merge. The companies said Monday that Metro plans to acquire Jean Coutu Group for $24.50 per share in cash and stock in a total deal valued at $4.5 billion ($3.6 billion U.S.). Under the

WBA-Rite Aid deal is approved

WBA-Rite Aid deal is approved

DEERFIELD, Ill. — Winding down a nearly two-year process, Walgreens Boots Alliance Inc. (WBA) has gained Federal Trade Commission approval to buy 1,932 stores, three distribution centers and inventory from Rite Aid Corp. for $4.375 billion in cash. The transaction also includes the WBA’s assumption of related real estate leases and an option for Rite

Martindale leaves Rite Aid to run GNC

Martindale leaves Rite Aid to run GNC

CAMP HILL, Pa. — Ken Martindale, who was an integral part of the turnaround team at Rite Aid Corp., has left the company to head GNC Holdings Inc. Martindale, who was president of Rite Aid and chief executive officer of stores, has become CEO of GNC, which has almost 2,400 stores within a store at

Chains step up as Hurricane Irma takes toll on business

NEW YORK — Hurricane Irma, one of the most powerful storms ever to hit the United States, sent retail spending in the Miami, Fort Lauderdale and West Palm Beach area of Florida spiraling downward, with sales plunging more than 72% over a three-day period, according to payment technology company First Data Corp. The company, which

Most of all, today’s beauty shoppers want value

Most of all, today’s beauty shoppers want value

NEW YORK — The secret weapon in the battle for the $62 billion that U.S. customers spend on beauty care and cosmetics just might be something mass retailers had all along — steep values. While drug, discount and supermarket chains have burnished their image in beauty with illumination, upgraded products and elevated service, it turns

Influencers: The New Beauty Tastemakers

Influencers: The New Beauty Tastemakers

NEW YORK — Not that long ago, beauty marketers pumped mega-dollars into a beauty brand or hired a celebrity to hawk it. Big brands prospered, while niche lines often got lost in the shuffle. Today, one post by Kylie Jenner about a beauty item, especially her own, can break the internet with activity. Few people

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