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RETAIL NEWS

  • 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?

  • McKesson augments pharmacy offering with CoverMyMeds acquisition

    SAN FRANCISCO  — McKesson on Tuesday entered into an agreement to acquire CoverMyMeds for approximately $1.1 billion, the wholesaler announced Wednesday during its third-quarter conference call.

  • Third annual New General Market Summit set for April

    Drug Store News and Mack Elevation will co-host the third annual New General Market Summit April 4 in Minneapolis. The exclusive thought-leadership platform will assemble several leading CPG organizations that passionately connect with today’s ever-changing, ever more diverse consumer. 
     

  • Reports: Albertsons calls off Price Chopper deal

    NEW YORK — Albertsons decided to drop its bid to buy Golub, parent company of Schenectady, N.Y’s, Price Chopper chain, according to several news reports.

    Neither company confirmed merger talks, but Drug Store News reported on Nov. 30 the two companies could be nearing a $1 billion deal.

  • 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.

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

  • 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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