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- Are retailers ready for federal regulations on drones? Amazon is. (Retail News, Regulatory and Washington, DSN AM, Latest News, Top Retailers)Wed, 06/17/2015 - 6:05pm
Federal regulations governing unmanned aircraft systems, or drones, will be in place by this time next year. Most retailers won’t be ready, but Amazon says it will be as soon as the feds are.
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.
Walmart continues its building boom in Northwest Arkansas, opening a Neighborhood Market store just a few miles from the chain’s headquarters in Bentonville.
Despite a 14.5% decline in same-store sales at Sears and 7% at Kmart in the first quarter ended May 2, Sears Holdings’ CFO says the company’s transformation is continuing apace.
Former Walmart EVP and chief merchandising officer Duncan Mac Naughton has joined the board of directors of Crossmark, a sales, marketing and merchandising services company focused on the retail and consumer goods industries.
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.