September 25, 2017 by Bill Schiffner
Albertsons, chain drug retailers, CVS Health, Dollar General, Genoa, H-E-B, Hurricane Irma, mobile triage pharmacies, Publix, Target Corp., Walgreens, Walmart, Winn-Dixie
2017, Issue 09-25-2017, Issues, News
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
September 25, 2017 by Chain Drug Review
beauty care, beauty shopper, ColourPop, CVS Pharmacy, Deborah Weinswig, Fung Group, Impulse Beauty, MAC, NYX, Sephora, Target Corp., U.S. beauty retailing, Ulta Beauty, Walgreens, Walmart
2017, Business, Featured Articles, Issue 09-25-2017, Issues, Leading Headlines, News, Retail News
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
September 25, 2017 by Brian Bossetta and Chain Drug Review
Albertsons, CVS Caremark, CVS Health, CVS Pharmacy, H-E-B, Hurricane Harvey, Hy-Vee, Kroger, Market Basket Pharmacies, National Association of Chain Drug Stores, Publix, Target Corp., Walgreens, Walmart
2017, Issue 09-25-2017, Issues, News
ARLINGTON, Va. — Though Hurricane Harvey has dissipated, it has left many in the Greater Houston area as well as parts of southwestern Louisiana reeling in its aftermath. From initial estimates it appears Harvey’s economic impact will be every bit as staggering as its winds were. Financial analysis firm Moody’s Analytics tallies the costs of
September 14, 2017 by Bill Schiffner
Albertsons, American Red Cross, Charles Grom, CVS Health, CVS Health Foundation, CVS Pharmacy, First Data, Genoa, Gordon Haskett, Hurricane Irma, Publix, Target Corp., Walgreens, Walmart, Winn-Dixie
Featured Articles, Leading Headlines, Retail News
NEW YORK — Retailers stepped forward to help with relief efforts for Hurricane Irma even as they continued their own recovery efforts to get stores and other facilities back into operation. Across Florida, where Irma made landfall in the continental United States last Saturday, drug chains, supermarkets and mass merchandisers shuttered stores as winds topping
June 5, 2017 by Scot Meyer and Chain Drug Review
Americans for Affordable Products, Bill Simon, Border Adjustment Tax, border tax, Brian Cornell, National Association of Chain Drug Stores, Retail Industry Leaders Association, Target Corp., Walmart
2017, Issue 06-05-2017, Issues, News
WASHINGTON — Target Corp. chairman and chief executive officer Brian Cornell spoke for much of the retail industry when he testified before the House Ways and Means Committee last month that the proposed Border Adjustment Tax would raise prices for American consumers. Under the border tax, “American families — your constituents — would pay more
June 5, 2017 by David Pinto and Chain Drug Review
Brian Cornell, David Pinto, Jet.com, Target Corp., Walmart, Walmart International, Walmart U.S.
2017, Issue 06-05-2017, Issues, Opinion
In late May, both Walmart and Target Corp. issued their quarterly performance numbers. Each revealed some surprises, and both left those retailing authorities who still retain some faith in the business a bit more optimistic than they had been. Here’s a look at the numbers: First, Walmart. Most surprising here was the revelation that the
May 31, 2017 by Chain Drug Review
CVS Health, CVS Pharmacy, Hank Casillas, Target Corp.
Featured Articles, Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Pharmacy has opened its first store in Colorado, and more locations in the state are planned in the coming months and next year. CVS said the new store at 16920 East Lincoln Ave. in Parker, Colo., is the first of three locations to open in the greater Denver market. Plans call
May 17, 2017 by Mark Baumgartner and Chain Drug Review
Brian Cornell, Target Corp.
Business, Retail News
MINNEAPOLIS — Target Corp. today said net income increased to $681 million, or $1.23 a share, in the first quarter, a 7.7% increase from $632 million, or $1.05 a share, reported a year ago. Same-store sales slid 1.3% in the period, as store traffic continued to decline. Overall revenue fell 1.1% to $16 billion, down
March 24, 2017 by Chain Drug Review
Alex Perez-Tenessa, beauty care sales, CVS Pharmacy, Dawn Block, Deborah Weinswig, Fung Global Retail and Technology, Jane Henderson, Jordan Rost, mass market beauty care, Mintel, Nielsen, NPD Group, Target Corp.
Featured Articles, Leading Headlines, Retail News
NEW YORK — Efforts that mass market retailers started last year to brush up their beauty departments and court new shoppers are starting to register. Mass market beauty care sales rose only 2% in 2016, according to NPD Group Inc. (lower than prestige at 6%), but several categories recorded impressive results. Skin care, for example,
February 28, 2017 by Chain Drug Review
Brian Cornell, CVS Health, Target Corp.
Business, Retail News
MINNEAPOLIS — Target Corp. posted decreased sales and earnings for its fiscal 2016 fourth quarter and year, impacted by the sale of its pharmacy and clinic business to CVS Health. Target said Tuesday that sales for the fourth quarter ended Jan. 28 fell 4.3% to $20.7 billion from $21.6 billion last year, reflecting a 1.5%
February 27, 2017 by Scot Meyer and Chain Drug Review
Brian Cornell, President Donald Trump, Retail Industry Leaders Association, RILA, Stefano Pessina, Target Corp., Walgreens Boots Alliance
2017, Issue 02-27-2017, Issues, News
WASHINGTON — A group of retail executives, including Walgreens Boots Alliance executive chairman and chief executive officer Stefano Pessina, met with President Donald Trump earlier this month to discuss issues related to imports and changes to the tax code. The meeting was a scheduled event with the Retail Industry Leaders Association (RILA). “The retail industry
February 15, 2017 by Chain Drug Review
Brian Cornell, President Donald Trump, retail industry, Retail Industry Leaders Association, RILA, Stefano Pessina, Target Corp., video, Walgreens Boots Alliance
Leading Headlines, Videos
WASHINGTON — Promoting his economic platform with business leaders, President Donald Trump today met with top retail executives at the White House. Focusing on Trump’s plank of job creation, simplification of the tax code and reduced regulatory red tape, the Wednesday morning meeting was a scheduled event with the Retail Industry Leaders Association (RILA). The
February 9, 2017 by Chain Drug Review
CVS Caremark, CVS Health, CVS Pharmacy, Larry Merlo, Omnicare, Target Corp.
Business, Featured Articles, Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Health topped Wall Street’s earnings-per-share forecast and, driven largely by its PBM unit, saw double-digit sales gains for the 2016 fourth quarter and full year. CVS said Thursday that for the fourth quarter ended Dec. 31, revenue totaled $45.97 billion, up 11.7% from $41.15 billion a year earlier. For the 2016
February 6, 2017 by Scot Meyer and Chain Drug Review
Brian Cornell, Jeff Jones, Rick Gomez, Target Corp.
2017, Issue 02-06-2017, Issues, News
MINNEAPOLIS — Target Corp. has named Rick Gomez to the position of executive vice president and chief marketing officer. Gomez succeeds Jeff Jones, who left the company in September to join Uber Technologies Inc. In his new role, Gomez will be responsible for furthering Target’s brand positioning and leading the integration of all the retailer’s