Actor Dwayne Johnson, who has acquired a stake in Voss Water, will serve as a brand partner and strategic advisor, as well as appear in the “Live Every Drop” campaign.
As part of the acquisition, Nature’s Ultra will continue to operate independently and provide CBD products that are legal under federal law, the company said.
Fred’s announced that it will close an additional 129 retail stores and hold clearance sales across all locations in an effort to refocus its product mix, simplify its store portfolio and repay debt.
The company posted sales of $34.6 billion — an increase of 0.7%, which the company attributed to growth in its American retail pharmacy and pharmaceutical wholesales divisions.
Rite Aid on Wednesday posted a net loss of $99.3 million for its first quarter of fiscal year 2020, even as same-store sales increased 1.4% and revenue in its pharmacy services segment increased 1.5% over the prior-year period.