The retailer is adding new “rollback” fees to its Walmart2Walmart money transfer program.
Former Walgreens CEO Greg Wasson's family investment office is joining forces with Innventure, a group that aims to develop businesses around new technologies lent by big corporations, The New York Times reported last week. P&G is expected to be the company's first partner. “Innventure will identify the opportunities, create a company, nurture it, then put in a management team to where it stands on its own — and then we move on,” Wasson, the company's chairman, told The New York Times. “What I think is most interesting is that we’re looking to help leverage their powerful R&D machine with our nimble entrepreneur team to identify the opportunities that they have developed.” In return, Innventure will have a stake in any companies it creates. (The New York Times)
Payout of $7 per share will be made on May 26.
Jennifer Fleiss is a co-founder of Rent the Runway and will lead Code Eight at Walmart.
On April 26 and 27, community pharmacists will meet with members of Congress to generate support for legislative priorities that improve patient access.
A third of adults report feeling increased stress, and 65% said work is a top source.
Mark Gross adds the company is also working to fundamentally improve the shopping experience in its retail stores.
For its 2017 fiscal fourth quarter ended March 4, Rite Aid reported revenues of $8.5 billion and a net loss of $21.1 million. Its adjusted net loss came in at $3.2 million, which bested Wall Street estimates.
Mike Withers will lead the company's East Region operations, while current EVP, Retail Operations Susan Morris will lead the West Region.
Actions being taken are part of Sears’ continuing corporate restructuring program.