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CVS buying Target’s pharmacy, clinic businesses for $1.9b via Boston Globe. “The deal includes more than 1,660 pharmacies in Target stores that will be branded as CVS/pharmacy. The agreement also calls for new Target stores to include a CVS/pharmacy if they are going to offer pharmacy services.” Read more Yahoo Hires Former JCPenney CMO […]
Doug McMillon Speaks at Retail Conference by Kim Souza at The City Wire. “When our numbers got bigger over the years we weeded out some of the risk takers which are important to the equation. You can manage a department to death,” he added…a participant asked McMillon what he would ask IBM’s Watson to […]
As Not Seen on TV: Wal-Mart Dials Back on Ads in Low-Price Push by Renee Dudley at Bloomberg. “In Sunday newspapers…the frequency of Wal-Mart circulars that advertise specials is down by about half from a year ago. “We are getting back to a place where we are playing offense with price to best serve our […]
Target reveals stock-buyback plan too early by Lisa Fickenscher at NY Post. “A source close to the company said the vendor that posts press releases on the company’s Web site accidentally put up the announcement while testing the link. The company could indeed announce a buyback plan, but it certainly didn’t mean to do […]
Walgreens defends dumping merchandise after landslide by Becky Yerak at Chicago Tribune. “Walgreens is facing criticism for dumping the inventory of a closed Wyoming store in a landfill last week instead of donating it to charity…”This certainly was not a typical situation for us,” Walgreens spokesman Phil Caruso told the Chicago Tribune on Monday. […]
NLRB slaps down Walmart dress code by Sean Higgins at Washington Examiner. “Walmart violated its employees’ rights when it instituted a restrictive new dress code last year that union activists said was intended to prevent workers from wearing labor insignia on their clothes, a National Labor Relations Board administrative law judge has ruled. The […]
Target CEO invites civic leaders to HQ, reiterates commitment to Twin Cities by Kavita Kumar at Star-Tribune. “The 26th floor of Target Plaza South used to be a place that visitors rarely — if ever — glimpsed. But on Wednesday afternoon, Target Chief Executive Brian Cornell invited more than 50 community leaders to visit the […]
Costco May Comp Sales Flat “Comparable sales for these periods, excluding the negative impacts from gasoline price deflation and foreign exchange, were +6%” Read the release Why Wal-Mart is ditching its Celine Dion soundtrack and getting a DJ by Sarah Halzack at Washington Post. “The CD was a punch line multiple times in […]