Finance & Capital Management

Grocery inflation is not going anywhere
The overall Consumer Price Index (CPI) dropped 0.1% but grocery inflation ticked up 0.4%. On a yearly basis, food-at-home prices came in 2.4% higher last month compared to March 2024.
Costco reports store sales gains in March
For the five-week period ending April 6, sales were $25.51 billion, an increase of 8.6% over March of 2024. Net sales for the first 31 weeks of the company’s fiscal year grew 8.3% to $158.87 billion.

Sam’s Club plans to remodel all stores, open 15 locations per year

The warehouse club retailer plans to remodel all of its approximately 600 locations across the country as a strategic growth investment.
Kroger spent more than $1B on failed Albertsons merger

Kroger spent more than $1 billion throughout its ill-fated journey toward merging with Albertsons.
Glenmark makes leadership changes

The company named Anurag Mantri as president, while V.S. Mani, executive director, and global chief financial officer announced early retirement.
WBA reports Q2 results

WBA's U.S. Retail Pharmacy segment had second quarter sales of $30.4 billion, an increase of 5.3% from the year-ago quarter.
CVS Health announces chief financial officer transition plan; appoints chief medical officer

Brian Newman has been named executive vice president and chief financial officer designate, while Amy Compton-Phillips, MD, is the company’s new executive vice president and chief medical officer.
Rite Aid reportedly considering repeat bankruptcy filing

Rite Aid also has been pursuing a sale of some or all of its businesses as a potential alternative to a Chapter 11 filing, per a Wall Street Journal report.
IQVIA 2025 report sizes up trends in new drug launches, other areas

Biopharma funding reached $102 billion in 2024 — a substantial increase on the 2023 figure of $71 billion.
CARE Pharmacies promotes Wafaa Berrady to chief financial officer

Berrady will oversee all aspects of the cooperative’s financial operations, including strategic planning, financial forecasting and risk management.

Finance & Capital Management

Grocery inflation is not going anywhere

Costco reports store sales gains in March

Sam’s Club plans to remodel all stores, open 15 locations per year

Kroger spent more than $1B on failed Albertsons merger

Glenmark makes leadership changes

WBA reports Q2 results

CVS Health announces chief financial officer transition plan; appoints chief medical officer

Rite Aid reportedly considering repeat bankruptcy filing

IQVIA 2025 report sizes up trends in new drug launches, other areas

CARE Pharmacies promotes Wafaa Berrady to chief financial officer