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Financial news and information in retail pharmacies.

Retail group asks governors for face covering mandate

The Retail Industry Leaders Association sent a letter to the National Governors Association urging every governor to require customers to wear a mask when entering a retail store or other enclosed public space.

GNC files for bankruptcy, plans to close hundreds of stores

GNC has filed for Chapter 11 bankruptcy protection with plans to close at least 800 to 1,200 stores as it looks to cut its debt and restructure amid the COVID-19 crisis.

Walmart acquired the technology platform, patents and intellectual property of CareZone, which helps people manage their health information and medications.

Coty will acquire a 20% ownership interest in Kim Kardashian West’s beauty business, and work expanding the brand’s presence globally.

As an investor, musician Pitbull will work alongside Halo Sport’s team on product development, strategic investor relations and international expansion, the company said.

Stop & Shop and King Kullen decided not to proceed with the acquisition due to unforeseen changes in the marketplace, the companies said.

Perrigo has struck a deal that will see it partnering with CBD supplier Kazmira to ultimately bring store-brand CBD products to market. 

Michelle Freye has been named senior vice president, global general manager at Clinique and Jane Lauder has been appointed executive vice president, enterprise marketing and chief data officer.

Ahold Delhaize entered into an agreement to purchase 62 Bi-Lo and Harveys Supermarket stores in North Carolina, South Carolina and Georgia from Southeastern Grocers.

Kroger reported an income of $1.21 billion, and its sales rose to $41.55 billion from $37.25 billion last year.

Edgewell Personal Care is evolving its executive leadership structure by appointing new positions and eliminating roles as well.

Costco’s net income fell to $838 million, but net sales increased by 7.3% to $36.45 billion in the quarter ended May 10.

Costco reported that its net sales in May rose 7.5% to $12.6 billion, and total same-store sales increased 5.4%.

Dollar General’s net income surged to $650 million, or $2.56 a share, in the quarter ended May 1, up from $385 million, or $1.48 a share, in the year-ago period.

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