Financial News

The transfer of the three distribution centers and related inventory from Rite Aid to Walgreens is expected to begin after Sept. 1, 2018.

Campbell will be combining the Pepperidge Farm and Snyder’s-Lance portfolios to form a new unified snacking organization in the United States, to be called Campbell Snacks.

While not in the pharmacy business, one competitor Schlotman is keeping an eye on is Lidl, despite that grocer's slow start in the U.S.

Southeastern Grocers said it has entered into a restructuring support agreement with a group of creditors and its private equity sponsor regarding a comprehensive financial restructuring that will position the company for long-term financial health.

The company attributed its comparable annual sales increases of 1.5% in 2017 to continuing price investments, disciplined sales promotions and enhanced customer experience.

Current Walgreens Boots Alliance CFO George Fairweather will become a senior advisor to CEO Stefano Pessina for business development and finance, effective June 1.

The combination of Bloomfield, Conn.-based Cigna and the St. Louis-based pharmacy benefits management company is valued at roughly $67 billion, a scale similar to that of the ongoing $69 billion acquisition of health insurer Aetna by CVS Health.

Kroger is targeting identical supermarket sales growth, excluding fuel, to range from 1.5% to 2% in 2018.