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Kroger, Albertsons halt merger plans while Colorado lawsuit proceeds
On Thursday, supermarket chains Kroger and Albertsons agreed to temporarily halt their proposed merger in Colorado until a judge has...
Jul 31, 20241 min read


Kroger Lists Stores it Will Divest for Merger Deal
CINCINNATI—Kroger Co. has identified the 579 stores and other assets it will divest if its planned $24.6 billion merger with Albertsons...
Jul 12, 20241 min read


‘Upflation’ Is the New Retail Trend Driving Up Prices for US Consumers
First there was ‘shrinkflation.’ Now, consumers are confronting ‘upflation’ as companies seek to turn around the $100 billion personal...
Jul 7, 20241 min read


Target Announces Changes in Top Leadership Roles
Target has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer. Rick Gomez, currently chief...
Jun 26, 20241 min read


CVS Honors the Memory of Founder Stanley Goldstein
CVS Corp. co-founder Stanley Goldstein passed away yesterday at the age of 89. The company he helped build is a foundational component of...
May 22, 20241 min read


FTC votes to ban noncompete agreements
The Federal Trade Commission (FTC) voted 3-2 on Tuesday to ban non-compete agreements that prevent tens of millions of employees from...
Apr 24, 20241 min read


Kroger, Albertsons Agree to Divest More Stores
CINCINNATI — Kroger Co. and Albertsons Cos. said Monday that they are planning to divest more stores in an effort to satisfy regulators...
Apr 22, 20243 min read


99 Cents Only Stores is going out of business
CITY OF COMMERCE, Calif. — The value retailer 99 Cents Only Stores LLC commenced going-out-of-business sales at all of its locations on...
Apr 6, 20241 min read


ALDI Plans to Add 800 Stores by the End of 2028
BATAVIA, Ill. — ALDI, already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the...
Mar 7, 20242 min read


Former Eckerd CEO Stew Turley dies at 89
TAMPA — Stew Turley, who guided the evolution of Eckerd Corp. for three decades, died last week at his home in Florida after a battle...
Feb 28, 20242 min read


Macy's is closing 150 stores
Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus...
Feb 28, 20241 min read


FTC Sues Kroger
The US Federal Trade Commission and nine states sued to block supermarket chain Kroger's $25B acquisition of competitor Albertsons...
Feb 27, 20241 min read


Colorado Sues to Stop $25 Billion Kroger-Albertsons Merger
By Mike Scarcella (Reuters) - Colorado’s attorney general filed a lawsuit on Wednesday seeking to block Kroger's proposed $25 billion...
Feb 15, 20241 min read


Retail Sales in January Show Solid Gains
Retail sales started strong in 2024, according to figures released today by the National Retail Federation. Sales in January nearly...
Feb 12, 20241 min read


Target Rolling Out Over 1,000 Wellness Products
Target Corp. is introducing more than 1,000 new wellness-related products starting at just $1.99 to support shoppers without stretching...
Jan 24, 20241 min read


CVS closing some Pharmacy's inside Target stores
CVS Health will close dozens of pharmacies inside Target stores as the drugstore chain confronts escalating costs. The closures involving...
Jan 13, 20241 min read


The Holiday Season is Off to a Strong Start
More than 200 million consumers were in stores or shopping online between Thanksgiving Day and Cyber Monday, according to the National ...
Nov 28, 20231 min read


Walgreens Making Changes in Leadership
Walgreens Boots Alliance is once again making leadership changes and trimming its corporate staff. In yet another round of layoffs, 267 ...
Nov 10, 20231 min read


NRF Foresees Record Holiday Spending
The National Retail Federation forecast today that holiday spending will reach record levels during November and December and will grow...
Nov 3, 20231 min read


CVS Q3 Sales, Profits Beat Forecasts
CVS Health topped Wall Street’s estimates for third-quarter revenue and earnings. Adjusted earnings per share of $2.21 exceeded analysts’...
Nov 2, 20231 min read
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