Target had lower-than-expected sales in discretionary categories, as well as costs related to freight, supply chain disruptions, and increased compensation and headcount in its distribution centers.
Fourth-quarter sales and other revenue reached $17.4 billion during the 12 weeks ended Feb. 26, due to an increase in identical sales and higher fuel sales, with retail price inflation contributing to the identical sales increase.
Despite reporting a fourth quarter same-store sales decrease of 1.4%, the retailer plans to execute 2,980 real estate projects in the fiscal year 2022.
CVS Health is seeking to patent its stores and sales of virtual goods, including prescription drugs, wellness, beauty and personal care products in the metaverse, according to a report.
New financial services available to Dollar General shoppers include its exclusive spendwell Financial Bank, buy now and pay later with Sezzle and FIS Worldpay card reward points.
Upon completion of the distribution, Embecta will be an independent and publicly traded company focused on diabetes management that BD will retain no ownership interest.
The sale reportedly will lead to the dismantling of the Walgreens Boots Alliance, which was set up in 2014 when Walgreens took full control of the health and beauty chain.