BENTONVILLE, Ark. — Walmart posted strong sales gains across its businesses in the first quarter, with demand driven by the COVID-19 outbreak. Unprecedented demand for products across multiple categories led to strong top-line results. But certain incremental costs negatively affected operating income, including costs associated with enhanced wages and benefits as well as safety and
Entrenched assumptions about the role of community pharmacy are being uprooted by the COVID-19 crisis, and leaders of five of the nation’s largest retailers accelerated the process earlier this week during a meeting with President Trump and the Coronavirus Task Force at the White House. The executives were there to lend support to the public-private
WASHINGTON – At the White House yesterday, NACDS chairman of the board Richard Ashworth, president of Walgreens, lauded the dedication and professionalism of pharmacists serving in communities throughout the nation. Remarks of Ashworth and of the leaders of four other NACDS member companies signaled ongoing expansion of COVID-19 testing through public-private partnerships, and were delivered
BENTONVILLE, Ark. — Walmart reported sales of $141.7 billion for the fourth quarter of fiscal 2020, an increase of $12.9 billion, or about 2.1%, over the prior year period. Earnings and sales fell short of analysts expectations, however, and Walmart said that holiday sales were softer than expected. Walmart president and CEO Doug McMillon said
If Karl Marx was right when he asserted that, above all else, economic factors determine the course of history, there may finally be some real hope that the issue of climate change will be addressed with the seriousness it requires. Business and financial leaders are stepping up to the challenge, giving every indication that the
BENTONVILLE, Ark. — Walmart on Thursday reported that its third-quarter revenue rose 2.5% to $128 billion on strong sales at its U.S. stores and websites. U.S. comparable sales increased 3.2%, extending a four-year streak of quarterly gains. U.S. e-commerce sales increased 41%, driven by gains in Walmart’s grocery business, which is gaining competitiveness thanks to
NEW YORK — Walgreens and CVS have joined a growing list of retailers requesting customers not to bring guns into their stores. Both companies, as well as Wegmans Food Markets, announced that they were changing their policies on Thursday — two days after Walmart and Kroger joined the national gun debate by asking shoppers not
