LATEST NEWS

The filing is coming in response to the company's inability to borrow more capital to keep operating the business, CEO Matthew Schroeder...

BOISE, Idaho—Susan Morris will take over as chief executive officer of Albertsons Companies Inc. on May 1, taking the reins at the...

Walgreens to be taken private by Sycamore in $10 billion deal Sabrina Valle and Abigail Summerville Thu, March 6, 2025 at 2:15 PM PST 4...

Sycamore Partners is reportedly working with Morgan Stanley and UBS on a $10 billion financing package for a potential acquisition of...

NEWS MMR/January 13, 2025 NEW YORK — The demise of plans to unite the nation’s two largest traditional supermarket chains may have left...

New York CNN  —  Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told...

BOISE, Idaho — Albertsons Cos. formally terminated its $25 billion merger agreement with Kroger Co. on Wednesday and filed a lawsuit...

DEERFIELD, Ill. – Walgreens is conducting another round of layoffs as it seeks to cut costs and significantly improve its financial...

By Scot Meyer MMR

New York CNN  —  CVS is closing 900 stores. Rite-Aid is closing 500. Walgreens announced Tuesday it plans to close 1,200 stores, meaning...

DEERFIELD, Ill. — Walgreens will close 1,200 stores over the next three fiscal years, including 500 in fiscal 2025, the company said...

Albertsons Cos. cited strength in its digital and pharmacy operations in posting a better-than-expected 1.4% increase in second-quarter...

WASHINGTON — In an encouraging sign of consumer resilience, retail sales continued to rise in August despite a sluggish job market,...

Kroger today filed a motion for preliminary injunction against the Federal Trade Commission's (FTC) administrative proceeding challenging...

Walgreens is looking to meet the changing needs of the consumer. The company has opened about 100 mini drugstores focused on health and...

On Thursday, supermarket chains Kroger and Albertsons agreed to temporarily halt their proposed merger in Colorado until a judge has...

CINCINNATI—Kroger Co. has identified the 579 stores and other assets it will divest if its planned $24.6 billion merger with Albertsons...

First there was ‘shrinkflation.’ Now, consumers are confronting ‘upflation’ as companies seek to turn around the $100 billion personal...

Target has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer. Rick Gomez, currently chief...

CVS Corp. co-founder Stanley Goldstein passed away yesterday at the age of 89. The company he helped build is a foundational component of...