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Financial News

Financial news and information in retail pharmacies.

Target reports major gains over the holiday season

Target’s comparable sales in the combined November to December period grew 17.2%, while digital sales grew 102% and sales were driven by a 4.3% increase in traffic.

Albertsons posts robust results in Q3

Albertsons’ same-store sales were up 12.3%, digital sales exceeded 200% year-over-year growth and revenue was $15.4 billion for the quarter.

Though WBA swung to a loss for the quarter, solid revenue growth from Walgreens and progress on its strategic priorities buoyed the company in Q1.

Procter & Gamble will no longer be acquiring women’s personal care brand Billie following the U.S. Federal Trade Commission’s filed complaint.

Centric Brands acquired Taste Beauty, a manufacturer of personal care products for adults and children.

The Ferrero Group is acquiring Eat Natural, a brand known for its cereal, toasted muesli, granola and protein bars.

The Camp Hill, Pa.-based retailer reported revenue of $6.12 billion, up 12% year over year, with net income of $4.3 million,\ compared with $52.3 million a year ago.

Church & Dwight said it had completed its $530 million acquisition of Matrixx Initiatives, owner of cough-cold shortening brand Zicam.

Dollar Tree reported net sales increased by 7.5% to $6.177 billion and same-store sales increased by 5.1%, as well as plans to renovate approximately 1,250 Family Dollar stores in 2021.

Ahold Delhaize will hold a majority of FreshDirect’s shares, while Centerbridge Partners will be a minority equity investor with a 20% stake.

Mars announced its acquisition of Kind North America, which will be joining Kind International to become one organization, the company said.

Target said it gained market share throughout the third quarter across all five of its core categories.

Walmart reported another strong quarter as its e-commerce sales continued to soar amid the pandemic. 

The Sunbury, Pa.-based retailer posted $1 billion in sales for the 13-week period ended Sept. 26 — a 14.4% increase over the same period last year.

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