Financial News

Weis Markets has generated comparable store sales increases for 16 straight quarters, the supermarket pharmacy operator reported.

Mondelēz International will have Tate's operate as a separate standalone business, and keep its senior leadership onboard to continue running the business out of Long Island, N.Y.

As part of the new global coffee alliance, Nestlè will obtain the rights to market, sell and distribute Starbucks’ Best Coffee, Reserve, Teavana, VIA and Torrefazione Italia products in all global at-home and away-from-home channels.

The company, founded by Kim So-Hee in Seoul in 2004, began as a fashion business under the name Stylenanda, and has since then become spearheaded by its make up brand 3CE, which represents more than 70% of the business.

Same-store prescription volume growth in the company’s retail/long-term care segment grew 8.5% year-over-year, driving a 5.6% increase in segment revenues, which totaled $20.4 billion for the quarter.

Digital commerce growth has jumped 15% for the quarter, a factor that is having a positive impact on traffic, conversion, and buying intent, according to the Salesforce Q1 Shopping Index.

Publix's sales for the first quarter fo 2018 were at $9.3 billion, increasing by 6.8% from the previous year’s $8.7 billion.

In 2018, Weis Markets plan to test an online ordering delivery service to complement the curbside pick-up offering available across 79 locations.