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  • Walmart buying Jet.com for $3 billion

    Walmart Stores announced it will acquire retail start-up — and would-be Amazon rival — Jet.com for approximately $3 billion in cash. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction.
     
    The deal will go a long way to helping Walmart expand its e-commerce growth and customer reach, and also give it more firing power as it competes with Amazon.  And Jet.com’s popularity with millennials will help the discounter attract a younger, higher-income customer. 

  • Narrowing strategy key to win with digital

    When it comes to online retailing, said a Walgreens executive, the way to win with digital is by narrowing your strategy, not broadening it.

    That’s what Wayne Duan, director of digital commerce for Walgreens.com, told attendees of a panel discussion at the NACDS Total Store Expo in Boston on Sunday. Duan added that narrowing down the digital strategy is exactly why Walgreens decided to shut down drugstore.com and Beauty.com two weeks ago.

  • PharmaSmart and Giant Eagle Supermarkets ink major deal

  • Target to sell subscription-based Harry's razors

    MINNEAPOLIS -- Target says it will begin selling Harry’s razors, the subscription-based shaving company that has more than 2 million members.

    In a statement on its Bullseye View blog, the retailer says "the mission behind Harry’s, the popular men’s grooming brand co-founded by entrepreneurs Jeff Raider and Andy Katz-Mayfield, has a lot in common with our own: Expect More. Pay Less."

  • Costco's July comps slide 2%

    ISSAQUAH, Wash. -- Costco's comparable-store sales for the month of July declined 2%, with a 3% decrease in U.S. a 3% rise in Canada and other decreases internationally.

  • DIR fees, 4 big factors bring down Fred's July sales, expected Q2 earnings

    MEMPHIS, Tenn. — Fred’s on Thursday reported sales for the four-week period ending July 30. The company’s total sales were $154 million, a 7% drop from the $165.6 million the company brought in for the same period in 2015. Comparable-store sales also dropped 4.6%, compared to a 0.7% increase in July 2015. 
     

  • Weis Markets begins aggressive expansion into Baltimore market

    SUNBURY, Pa. - Weis Markets on Thursday announced it has converted and reopened five former Mars Super Markets as Weis Markets stores located in Baltimore County, including two locations in Dundalk and individual units in Essex, Arbutus and Carney.

  • Health Dialog, RediClinic name new CFO

    BOSTON - Jeff Fields, a veteran financial executive with significant health care experience, is joining Health Dialog, a leading provider of population health management services, and RediClinic, a leading operator of convenient care clinics, as chief financial officer.

    Fields will be responsible for the fiscal management of both RediClinic and Health Dialog as they continue to grow in the total population management services and retail health care markets. He will report to Web Golinkin, CEO of Health Dialog and RediClinic.

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