Target plans to sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy in a blockbuster deal that stunned the healthcare world.
The $1.1 billion deal is expected to close in the first quarter of 2016 and will include Bayer’s Contour line of blood glucose monitors and test strips, as well as lancing devices like Microlet and Elite.
Fred's Super Dollar on Thursday projected double-digit sales increases for the remainder of the year.
Rite Aid on Thursday posted positive comps coming out of its fiscal first quarter.
Dollar General is well on its way to realizing 7% growth in total square footage this year.
Ahold's U.S. private-label penetration reached 37.7% for first quarter 2015.
Dollar Tree to identify buyer of 330 Family Dollar locations in coming week.
Target executives said they are “pleased” with its first quarter, particularly its signature categories.
Declining gas prices helped same-store sales at Walmart, but the negative impact of foreign currency exchange and efforts to improve store experience and employee wages dampened sales.
McKesson fiscal 2015 results are in. The wholesaler generated 30% annual revenue growth.