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RETAIL NEWS

  • NACDS board members spotlight pharmacy with Capitol Hill fly-in

    WASHINGTON — This week, the board of the National Association of Chain Drug Stores was pounding the pavement on Capitol Hill to share with lawmakers the role that pharmacy plays in the nation’s healthcare system.

  • Report: Trump budget’s SNAP cuts could cost retailers $70.7B

    WASHINGTON — Proposed cuts in food stamp benefits could cost the the retail industry billions — with supermarkets and discounters taking the biggest hit.

    AlixPartners estimates that retail collectively stands to lose $70.7 billion during the next 10 years if the proposed cuts in the Supplemental Nutrition Assistance Program (commonly referred to as food stamps) turn into reality, CNBC reported. The budget proposed by the Trump administration calls for $191 billion in cuts to the program between 2018 to 2028. 

  • Supermarket Wellness Watch: A revealing look at older consumers, food and health

    The conventional wisdom is that younger generations are leading the transformation of how Americans eat. 
     
    Healthier foods. Cleaner ingredients. Organic. Sustainability. Traceability. 
     
    But if Millennials and Gen Y are the revolutionaries, they aren’t necessarily feeling good about it. 
     

  • SLIDESHOW: Highlights from the CVS Health, DSN and Mack Elevation Health Innovation Summit

    CVS Health, in partnership with Drug Store News and Mack Elevation, last month hosted the Health Innovation Summit in Providence, R.I. Bringing together leaders from such major healthcare, technology and consumer brands as Facebook, Under Armour, Google, IBM and many others, the one-day thought leadership conference examined emerging trends helping to reshape the healthcare industry.

  • Rite Aid Q1 revenues decline 4.9% to $7.8 billion

    CAMP HILL, Pa. — Rite Aid on Thursday reported revenues of $7.8 billion, a decrease of 4.9%. Net loss totaled $75.3 million, or $0.07 per diluted share, and adjusted net loss was $52.4 million, or $0.05 per diluted share.

  • 5 things to know about the new Walgreens-Rite Aid deal

    The industry awoke Thursday morning to arguably the biggest story of the year — the news that Walgreens and Rite Aid had agreed to scrap their original merger agreement one more time, this time in favor of a much smaller, seemingly more manageable deal to purchase 2,186 Rite Aid stores for $5.18 billion in cash.

    In the first several hours following the announcement of the deal, DSN identified five important takeaways from the blockbuster agreement.

  • Walgreens Boots Alliance generates $30.1 billion in Q3 sales, up 2.1%

    DEERFIELD, Ill. — Walgreens Boots Alliance on Thursday generated fiscal 2017 third quarter net earnings of $1.2 billion, up 5.3%, for the period ended May 31. Sales in the third quarter were $30.1 billion, an increase of 2.1% from the year-ago quarter, and an increase of 5% on a constant currency basis.

  • Analyst take: New Walgreens-Rite Aid deal a ‘good compromise’ if regulators approve it

    The news that Walgreens is to scrap its $9.4 billion merger with Rite Aid is unsurprising. The glacial pace of the Federal Trade Commission investigation and increasing signals that the federal government would disallow the merger have forced a rethink.

    In some ways, the process so far has been a colossal waste of resources and effort. Walgreens has to pay out a $325 million termination fee to Rite Aid, and all parties — including Fred's, which was due to acquire some Rite Aid stores — have invested time and money with very little to show for it.

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