Financial News

Despite being buoyed by same-store prescription growth of 9.5% in the retail/long-term care segment and 5.9% in its pharmacy services segment, the company still swung to a net loss of $2.6 billion, compared with $1.1 billion in net income in the prior-year period.

The retailer will no longer accept Visa credit cards at 26 stores and gas stations that operate under its Foods Co. banner, reported Barrons.com, which cited a report by Bloomberg.

For the three months ended June 30, Publix saw sales of $8.8 billion — a 4% increase over the $8.4 billion it garnered during the same period in 2017.

According to a recent study from Juniper Research, contactless payments will exceed the $1 trillion mark for the first time in 2018, and contactless card payments will dominate transactions.

According to a study from OrderDynamics, superconsumers spend, on average, $40 more on unplanned purchases when making a click-and-collect pickup.

A total of 52% of consumers experienced technical difficulties overall during Amazon's Prime Day, and 27% of those who experienced technical issues either gave up without making purchases or purchased less than they had planned, according to data from JDA.

According to early results from Feedvisor, sales during the first 12 hours of the fourth annual Amazon Prime Day event were 80% higher than sales during the same 12-hour period last week.

Several retailers have come forward with their own sales to counter Prime Day, ranging from eBay to 1-800-Flowers.com, which is running a five-day sale that kicks off on Tuesday, July 17 at midnight, and will continue through Sunday, July 22.