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Financial News

Financial news and information in retail pharmacies.

Rite Aid reports mixed Q2 results

Rite Aid reported a net loss of $78.7 million, or $1.48 per share, and adjusted net income of $6.3 million, or 12 cents per share.

Shiseido to acquire Drunk Elephant

Shiseido Americas has signed a definitive agreement to acquire Drunk Elephant, which was founded in 2012 by Tiffany Masterson.

Ulta Beauty announced plans to open 80 new stores and reported that its net sales rose 12%, while its same-store sales did not meet estimates of a 6.6% rise.

Hershey has entered into a definitive agreement to acquire One Brands for a purchase price of $397 million.

Dollar General reported a sales increase of 8.4% during its second-quarter performance and also appointed Jeffery C. Owen as COO.

Target reported that during its second-quarter revenue increased by 3.6%, same-store sales rose by 3.4% and net income rose to $938 million.

Walmart reported that its same-store U.S. sales rose 2.8%, ahead of expectations and e-commerce sales rose 37%, in line with last year.

More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to research from IHL Group, which is up from 3.7 in 2018.

Liberty Tax will acquire the Vitamin Shoppe, which operates 750 stores, in an all-cash transaction valued at approximately $208 million.

Cardinal Health's fourth-quarter revenue for the pharmaceutical segment increased 6% to $33.4 billion due to sales growth from pharmaceutical distribution and specialty solutions customers.

Nannocare is bringing its NannoPad product to such retailers as CVS Pharmacy, Raley’s, Coborn and Barnes & Noble College stores during the fall.

Walgreens Boots Alliance announced plans to close roughly 200 U.S. stores, according to a new SEC filing. The U.S. closures will accompany the closure of another roughly 200 stores in the United Kingdom.

As part of the acquisition, Nature’s Ultra will continue to operate independently and provide CBD products that are legal under federal law, the company said.

Actor Dwayne Johnson, who has acquired a stake in Voss Water, will serve as a brand partner and strategic advisor, as well as appear in the “Live Every Drop” campaign.

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