Bankrupt grocer A&P has entered into an agreement to receive $490 million of debt and equity financing from investors that will enable it to complete the restructuring of its balance sheet and emerge from Chapter 11 as a private entity in early 2012.
The men’s grooming segment continues to be on the upswing as men continue to buy products that meet their grooming needs and increasingly turn to at-home solutions to help stretch their dollars.
L’Oréal Paris and the Ovarian Cancer Research Fund hosted the L’Oréal Paris Legends Gala Wednesday evening at the American Museum of Natural History, uniting the beauty, fashion, finance and media industries to raise funds for ovarian cancer research.
The National Association of Chain Drug Stores announced on Wednesday that it has joined other retail industry groups and companies in signing a letter to the Joint Select Committee on Deficit Reduction, also known as the super committee, urging it to close a tax loophole to prevent harm to traditional brick-and-mortar retail businesses — including pharmacies — and to assist states in collecting $23 billion in uncollected state sales taxes that currently are due on Internet and catalog sales.
Trilantic Capital Partners, a global private equity firm, on Tuesday announced that it has partnered with management to acquire Implus, a leader in the footwear, outdoor and fitness accessories markets.
Cincinnati's ABC affiliate station on Monday featured Kroger's Scan-Bag-Go system, a handheld device that customers use to scan bar codes as they shop.
The National Community Pharmacists Association on Monday touted the benefits community pharmacies can provide for health insurance exchanges once those exchange open in 2014 in a letter addressed to the Department of Health and Human Services.
The program to offer certain generic drugs virtually for free to Medicare Part D beneficiaries is one of Rite Aid’s many new ways to attract more customers and thus grow its sales and profits, especially in the pharmacy.
Johnson & Johnson Tuesday morning pledged significant support behind the relaunch of several McNeil Consumer products into the marketplace in 2012, and feels confident impacted brands — Tylenol and Motrin, among others — will be able to recapture market share, despite significant private-label erosion.
In an effort to reward loyal shoppers, CVS/pharmacy has created a new promotion that allows members of its ExtraCare Rewards program to earn multiple free gift cards by shopping for essentials at more than 7,200 locations nationwide.
Sales at Safeway are looking up thanks in large part to fuel gains, but the grocer's loyalty card program is expected to continue driving that sales momentum into next year as the company rolls out its Just for U digital marketing platform and explores health-and-wellness initiatives.
The board of directors of Walgreens on Wednesday declared a regular quarterly dividend of 22.5 cents per share, a 28.6% increase over the year-ago dividend.
Private-label penetration at CVS/pharmacy locations is expected to grow to more than 20% in the next two to three years, and to help drive that growth, the retailer has developed its new Just the Basics line of store-brand products.
Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit card swipe fees roughly in half take effect this weekend, the National Retail Federation said.
Rite Aid increased sales and narrowed losses in second quarter 2012 as its Wellness+ loyalty card program continued to grow and its new Wellness store format saw continued expansion.
In the wake of several surveys projecting how shoppers will spend this holiday season, the latest study from ShopperTrak expects national retail sales to increase 3% during November and December, while foot traffic will drop 2.2%.
Navarro Discount Pharmacy, a Hispanic-owned pharmacy chain and an MBF Healthcare portfolio company, has expanded its management team by naming Luis Mier as CFO and promoting Manuel Leon to VP wholesale and OTC programs.
Jim Cramer on Thursday shared his bullishness on Walgreens' stock with viewers of his "Mad Money" investment advice program on CNBC during a discussion and personal tour of Walgreens' new flagship location smack in the middle of the money-makers on Wall Street.
Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.