Holiday shoppers are expected to spend $155.43 on average for gift cards this season, while total gift card spending is projected to reach $27.8 billion, according to a survey released Friday by the National Retail Federation.
Up to 152 million people plan to shop Black Friday weekend, compared with the 138 million who planned to do so last year, according to a preliminary Black Friday shopping survey, conducted for the National Retail Federation by BIGresearch.
SoloHealth, a consumer-driven healthcare technology company, on Wednesday said Stanley Blaylock, former Walgreens SVP and former president of Walgreens Health Services, will join SoloHealth’s board of directors.
American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.
Beauty company Physicians Formula Holdings has completed the previously announced refinancing of its subordinated debt held by Mill Road Capital, and expects interest expense to be reduced by $1.5 million for the first 12 months, following the refinancing.
Legislation that would level the playing field for brick-and-mortar retailers, including pharmacies, by closing a loophole that puts them at a disadvantage with online retailers has received praise from the National Association of Chain Drug Stores.
Bankrupt grocer A&P has entered into an agreement to receive $490 million of debt and equity financing from investors that will enable it to complete the restructuring of its balance sheet and emerge from Chapter 11 as a private entity in early 2012.
L’Oréal Paris and the Ovarian Cancer Research Fund hosted the L’Oréal Paris Legends Gala Wednesday evening at the American Museum of Natural History, uniting the beauty, fashion, finance and media industries to raise funds for ovarian cancer research.
The National Association of Chain Drug Stores announced on Wednesday that it has joined other retail industry groups and companies in signing a letter to the Joint Select Committee on Deficit Reduction, also known as the super committee, urging it to close a tax loophole to prevent harm to traditional brick-and-mortar retail businesses — including pharmacies — and to assist states in collecting $23 billion in uncollected state sales taxes that currently are due on Internet and catalog sales.
Trilantic Capital Partners, a global private equity firm, on Tuesday announced that it has partnered with management to acquire Implus, a leader in the footwear, outdoor and fitness accessories markets.
The National Community Pharmacists Association on Monday touted the benefits community pharmacies can provide for health insurance exchanges once those exchange open in 2014 in a letter addressed to the Department of Health and Human Services.
The program to offer certain generic drugs virtually for free to Medicare Part D beneficiaries is one of Rite Aid’s many new ways to attract more customers and thus grow its sales and profits, especially in the pharmacy.
Johnson & Johnson Tuesday morning pledged significant support behind the relaunch of several McNeil Consumer products into the marketplace in 2012, and feels confident impacted brands — Tylenol and Motrin, among others — will be able to recapture market share, despite significant private-label erosion.
In an effort to reward loyal shoppers, CVS/pharmacy has created a new promotion that allows members of its ExtraCare Rewards program to earn multiple free gift cards by shopping for essentials at more than 7,200 locations nationwide.
Sales at Safeway are looking up thanks in large part to fuel gains, but the grocer's loyalty card program is expected to continue driving that sales momentum into next year as the company rolls out its Just for U digital marketing platform and explores health-and-wellness initiatives.
Private-label penetration at CVS/pharmacy locations is expected to grow to more than 20% in the next two to three years, and to help drive that growth, the retailer has developed its new Just the Basics line of store-brand products.