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RETAIL NEWS

  • THE TAKEAWAY: True grit — Mark Panzer, SVP pharmacy, health and wellness, Albertson’s

    After four decades in retailing, Panzer has been lucky enough to have a number of great mentors in business, but the Albertson’s healthcare chief tells DSN some of the most important lessons he ever learned came as a young cowhand on his grandmother’s Santa Fe ranch.

  • Study: Retailers grow omnichannel in response to consumer demand

    The omnichannel evolution has begun — and more retailers are adopting the business strategy to better meet shoppers’ needs.
     
    That’s according to “Retail Insight: Moving Beyond Omnichannel,” a report from SPS Commerce and conducted by Retail Systems Research. The study, which is based on responses from more than 500 retailers, suppliers and logistics firms worldwide, said that more than 35% of retailers are on track with their omnichannel execution, up nearly 200% year-over-year.
     

  • WBA CEO to shareholders: ‘Taking into account anything that is required’ to close deal

    NEW YORK  — With the deadline for the deal set to expire Friday, Jan. 27, Walgreens Boots Alliance CEO Stefano Pessina told shareholders attending the Walgreens Boots Alliance annual meeting Thursday morning that the board of directors for both Walgreens and Rite Aid were in "active" discussions toward getting the deal approved even as the Federal Trade Commission continues to deliberate over the proposed retail pharmacy merger.

  • Friday is the Walgreens-Rite Aid merger deadline

    DEERFIELD, Ill.  — The day some analysts thought would never come has arrived. On Friday, Jan. 27, the deadline expires for the pending acquisition of Rite Aid by Walgreens Boots Alliance for $9 per share in cash (representing a $17.2 billion deal including the acquired net debt).

    What now?

  • Post: WBA, RAD to stay course if deal not approved by deadline

  • Retail execs optimistic about 2017 in survey

    Retailers executives are bullish on 2017.
     
    That’s according to a survey from TD Bank, which polled 173 retail executives at the National Retail Federation’s annual Big Show in New York City. Seventy-four percent of the retailers said they believe sales will increase in the next 12 months. What’s more, 81% of the retailers reported that they met or exceeded their revenue goals in 2016.
     
    In other key findings:

  • Miami-area Walgreens features new TD Bank ATMs

    CHERRY HILL, N.J. — TD Bank, in partnership with Cardtronics, recently branded 189 ATMs in Walgreens locations across Florida, specifically the Miami and Tampa-St. Petersburg metro areas, the company announced Wednesday.

    The TD Bank-branded in-store ATM installation follows the company's expansion last summer in Boston-area Walgreens locations.

  • Albertsons names new SVP digital marketing, e-commerce

    BOISE, Id. — Albertsons on Monday announced a new addition to its head its digital marketing strategy, naming Narayan Iyengar its SVP, digital marketing and e-commerce. He will lead the company’s digital marketing for loyalty programs, shopper marketing and overall digital presence, as well as all aspects of the e-commerce business, which includes home delivery. 
     
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