Financial News

The company posted sales of $34.6 billion — an increase of 0.7%, which the company attributed to growth in its American retail pharmacy and pharmaceutical wholesales divisions.

Rite Aid on Wednesday posted a net loss of $99.3 million for its first quarter of fiscal year 2020, even as same-store sales increased 1.4% and revenue in its pharmacy services segment increased 1.5% over the prior-year period.

According to a report, Coty is interested in a $600 million purchase of a 51% stake in Kylie Jenner's Kylie Cosmetics line.

S.C. Johnson announced that it will acquire Sun Bum, which creates products in the sun protection, hair care and lip care categories, as well as Baby Bum.

Retail sales rose 0.5% in May over the previous month and increased 3.2% year-over-year, according to the National Retail Federation.

Walmart is merging Jet.com’s retail, technology, marketing, analytics and products teams into the rest of its digital business.

Unilever has signed an agreement to acquire skin care brand Tatcha.

One month after Amazon Go made its New York City debut, the company has opened a second location in midtown at 300 Park Avenue.