Financial News

Shoppers spend $11.3B on Cyber Monday
According to final Adobe Analytics data, consumers spent a total of $11.3 billion on Cyber Monday, representing 5.8% growth year-over-year from $10.7 billion.
U.S. District Court for District of Columbia denies temporary restraining order against Albertsons’ special dividend payment
This order, which restrains the company from paying the Special Dividend, remains in effect until Nov. 10, 2022, unless within that time, an order is entered extending or dismissing the temporary restraining order.

RETAIL NEWS
Local brands’ value proposition buoy Ahold Delhaize’s Q3 sales, earnings
Comparable store sales excluding gas increased 7.9% in Q3, with an acceleration in growth rates in both the United States and Europe to 8.2% and 7.4%, respectively.
Inside Beauty
Peace Out Skincare receives $20M investment
The investment from 5th Century Partners will be used by the brand to help fund its ambitions, domestic and global expansions and new product innovations.
RETAIL NEWS
Gen Z utilizing social media for holiday shopping
According to a survey by SimplicityDX, 80% of respondents plan to use social media to find holiday gifts this year, with 41% planning to use it for most or all of their holiday shopping.
Top Retailers
CVS reports strong Q3, raises full-year guidance
Growth across all segments brought CVS Health’s Q3 revenues to $81.2 billion, an increase of 10% compared to the prior year period.
PHARMACY
IQVIA's Long sizes up pharmacy trends in DSN webinar
Doug Long discussed where we are with COVID-19, cough, cold and flu, and RSV, medical claims, telehealth, channels of trade, generics, biosimilars and opioids.
RETAIL NEWS
State attorney generals asking Albertsons to delay $4B stockholder payout
Several attorney generals sent a letter to the CEOs of Albertsons and Kroger demanding that Albertsons delay a $4 billion payout to stockholders.
Inside Beauty
Revlon’s common stock delisted from New York Stock Exchange
The New York Stock Exchange Regulatory Oversight Committee decided to delist Revlon’s common stock.
RETAIL NEWS
Consumers are spending more, buying less
According to a report by Incisiv, digital grocery sales rose 14.4% in the third quarter, but the average shopper basket contained five to six fewer items than at the same time in 2021.
RETAIL NEWS
Costco reports strong Q4, fiscal year 2022 results
Costco reported that net sales for the quarter increased 15.2% to $70.76 billion, from $61.44 billion last year.
RETAIL NEWS
Rising prices push consumers to purchase store-brand products
According to a survey by Reach 3 Insights, 80% of Americans say that rising prices have driven them to purchase more store-brand products.
Inside Beauty
Church & Dwight to acquire Hero Mighty Patch brand
The company announced a definitive agreement to acquire Hero’s acne care products, including the Hero Mighty Patch brand, for $630 million.
RETAIL NEWS
Costco’s sales on the rise
The membership warehouse club has revealed that its net sales climbed 15.3% to top $70.8 billion and shoppers rang up $222.7 billion in net sales, a 15.9% increase from fiscal 2021.