Retail News

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Report: Walmart’s grocery share growth gains momentum

Walmart’s share of the $800 billion grocery market has grown to 21.5%, according to a report from CNBC that highlights Loop Capital analyst Andrew Wolf’s assessment of the retailer’s recent first-quarter results. Wolf notes that in Q1, Walmart outperformed U.S. supermarkets by 2.9%, which is up from the 1.6% outperformance it showed in Q4 2016. (CNBC)

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Study: DIR fees, MACs are biggest concerns for rural pharmacists

Nearly 80% of respondents reported DIR fees as a very large magnitude challenge, with 83.3% reporting this as a very immediate challenge. Seventy-eight percent of respondents reported MACs not being updated quickly enough to reflect changes in wholesale drug costs as a very large magnitude challenge, with nearly 80% indicating it as a very immediate challenge.