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RETAIL NEWS

News and information on retail pharmacy chains, including chain drug stores, mass merchants, supermarkets and independent pharmacies.

Target’s Q3 tops analysts’ estimates

Target’s net income rose to $714 million and adjusted earnings per share grew to $1.36 from $1.09, above analysts’ estimates of $1.19. 

Stop & Shop appoints new finance SVP

Stop & Shop announced Mary Lynn Phillips as its new senior vice president of finance, effective Dec. 3.

Walmart president and CEO Doug McMillon has named Kathryn McLay president and CEO of the Bentonville, Ark.-based company’s club retail banner.

From Nov. 21 to Nov. 24, BJ’s Wholesale Club will hold grand opening celebrations for its new Madison Heights and Taylor clubs.

The following women working for retailers were recognized as part of DSN's Top Women in Health, Wellness and Beauty Awards.

The American-Italian Cancer Foundation last week presented Stefano Pessina, executive vice chairman and CEO of Walgreens Boots Alliance, with its Alessandro di Montezemolo Lifetime Achievement Award.

Read about the contributions and achievements of the more than 140 women honored by DSN’s Top Women in Health, Wellness and Beauty Awards.

Kroger will unveil living produce farms, created in collaboration with Infarm, at two QFC banner locations in the Seattle area.

The semiannual FounderMade exhibition brought retailers and innovative suppliers together to see what might be up and coming in the months ahead. 

Walmart’s net income rose to $3.29 billion and total revenue rose 2.5% to $127.99 billion.

Walgreens storefront.

Private equity firm KKR has reportedly been preparing a proposal to take Walgreens Boots Alliance private.

CVS storefront.

In an SEC filing on Nov. 6, CVS signaled its intention to close 22 underperforming retail pharmacy stores in the first quarter of 2020.

Target is making its Shipt same-day delivery service available on its consumer app for the holiday season.

As the company nears the first anniversary of its Aetna acquisition, solid results from all of its business segments led to a raised and increased earnings guidance for its full fiscal year.

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