Content about finance

May 2, 2012
Energizer adds former Clorox finance chief to board of directors

Former Clorox EVP and CFO Daniel Heinrich has been added to Energizer's board of directors, the company announced.

May 2, 2012
NRF: Swipe fees haven't dropped enough

The National Retail Federation is responding to a report from the Federal Reserve that revealed that debit card swipe fees collected by the nation's largest banks have dropped significantly since reform regulations took effect last fall.

April 26, 2012
Walmart becomes first-ever retailer to launch online 'pay with cash' option

Walmart has launched a "pay with cash" service that offers cash payment options for online orders at Walmart.com in the United States.

April 17, 2012
More than $2 billion added to workers' compensation pharmacy costs, report finds

Workers' compensation pharmacy costs took on an extra $2.1 billion in 2011 due to unnecessary use of more expensive drugs, according to a new report by pharmacy benefit manager Express Scripts.

April 13, 2012
Market speculates a Safeway sale; analyst suggests not likely

Trading of Safeway shares on Nasdaq were up almost 75 cents in late morning trading on speculation that Safeway soon may be up for sale.

April 9, 2012
Safeway's finance chief adds president to role

Safeway on Monday evening promoted Robert Edwards to president of the company. Edwards had served as Safeway's EVP and CFO since 2004.

April 6, 2012
Target donates $15K for Texas tornado aid

Target has committed $15,000 in cash and gift cards to assist the Texas communities impacted by recent tornadoes.

April 2, 2012
Super PBM merger approved; NACDS, NCPA file emergency motion to block merger

The controversial merger between Express Scripts and Medco was completed Monday morning, according to a press release issued by both Express Scripts and the Federal Trade Commission.

March 27, 2012
Supreme Court hears arguments on constitutionality of individual mandate

The Supreme Court on Tuesday morning heard arguments on whether the individual mandate portion of the Patient Protection and Affordable Care Act is constitutional.

March 23, 2012
Walgreens, Rite Aid nuptials not likely, but it sure makes for a compelling twist

Former Walgreens' CEO Jeff Rein said profit pressure might cause Walgreens to think differently about acquisitions than it did in the past.

March 19, 2012
Safeway's board OKs quarterly dividend, increase for stock repurchase authorization

Safeway announced that its board of directors Friday declared a regular quarterly cash dividend of 14.5 cents per share.

March 19, 2012
WAG-RAD merger possible, but not likely

A miniature version of the spike in stock market activity that followed speculation about the prospects of a Walgreens-Rite Aid merger happened on Drug Store News' website as a quick writeup about the potential deal became the most-read story on the site. But for all the buzz that Credit Suisse analyst Edward Kelly created with his report, a Walgreens-Rite Aid merger appears pretty unlikely on closer inspection.

March 14, 2012
Reports: WAG-RAD merger speculation drives RAD stock to four-year high

Shares of Rite Aid crossed the $2 mark Wednesday afternoon following analyst speculation about the prospects of a takeover by Walgreens, according to published reports.

February 28, 2012
Long lines prompt smartphone users to abandon in-store purchases, survey finds

A survey sponsored by in-store commerce provider AisleBuyer found that nearly 40% of smartphone-carrying shoppers have abandoned their in-store purchases because of long lines, while 21% will abandon their purchases if there are no registers open.

February 27, 2012
Rite Aid completes debt offering

Rite Aid has closed a bond offering that it issued earlier this month to refinance its debt, the company said Monday.

February 16, 2012
Fred's announces increases in cash dividend, share repurchase program

Fred's on Thursday announced an increase in the company's quarterly cash dividend by 20% to 6 cents per share, and an increase in the company's stock repurchase program to an additional 3.6 million shares, or 10% of the currently outstanding shares.

February 14, 2012
Rite Aid issues $481 million in senior notes to refinance debt

Rite Aid is offering $481 million in eight-year senior notes to refinance debt that is scheduled to be due in three years, the retail pharmacy chain said Tuesday.

February 8, 2012
Lowe’s remedy for impulse sales

Time is money for busy professionals and weekend warriors who frequent Lowe’s stores and can’t afford to put a project on hold because of an upset stomach, minor cut or allergy outbreak.

January 27, 2012
AmerisourceBergen reports $20.4 billion in Q1 revenue

AmerisourceBergen on Thursday reported $20.4 billion in revenue for the first quarter ended Dec. 31, up 2%.

January 24, 2012
New finance leader named at Target

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

January 23, 2012
Four-legged family members can reap Rx benefits at Houston-area Kroger stores

Pet medications now are available at all Kroger pharmacies in the Houston area, the company said.

January 17, 2012
Former Revlon head joins Saks' board of directors

Former Revlon executive Jack Stahl has been appointed to Saks’ board of directors, effective Jan. 16. He also will serve on the audit committee of the board.

January 17, 2012
Shoppers Drug Mart, RBC launch co-branded national program

Royal Bank of Canada and Shoppers Drug Mart are launching a nationwide program that makes it more convenient for Canadians to bank and earn rewards at Shoppers Drug Mart/Pharmaprix locations throughout the country.

January 17, 2012
Too Faced announces partnership with private equity firm

Beauty brand Too Faced Cosmetics has announced a new investment partner, Weston Presidio.

January 16, 2012
NCR introduces cloud-based POS system for independent retailers

NCR announced Monday the introduction of a point-of-sale system that will allow independent retailers to manage transactions, track sales and inventory, process credit cards and market to customers on both touchscreen terminals and Apple mobile devices.

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