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  • Report: One-third of Americans can’t raise $2K if emergency strikes

    NEW YORK — Instead of positing online retail dominance and the effect of millennials on brick-and-mortar sales, the New York Post posited a new theory regarding why Americans are seemingly not spending at retail locations: they don’t have the money.

    According to the news outlet, A Federal Reserve Bank of New York report revealed one-third of Americans stated they could not come up with $2,000 in the next 30 days should the need arise.

    “No matter how you look at it, the average American is tapped out,” the Post wrote.

  • The Exchange generates $8.3 billion, dispurses $224 million in dividends

  • Eli Lilly to invest $850M in its U.S. operations

    INDIANAPOLIS — Eli Lilly and Co. will invest $850 in its U.S. operations in 2017. The company's investments span facilities across its U.S. enterprise, including research laboratories, manufacturing sites, and general and administrative areas. The investments are being driven by demand for Lilly products, as well as its pipeline of potential medicines in development targeting cancer, pain, diabetes and other unmet medical needs. 

  • Sears CFO says the company’s outlook not as dire as you think
    HOFFMAN ESTATES, Ill. — Sears Holding tried to walk back the uproar it caused early Tuesday morning when the struggling retailer included cautionary language about whether it would be able to continue as a "going concern” in its annual 10-K filing. 
     

  • Kmart parent poses concerns about its future

    HOFFMAN ESTATES, Ill. — Kmart parent Sears Holdings, revealed in in its annual Form 10-K filing with the U.S. Securities and Exchange Commission that its “[H]istorical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern.” 

  • Albertsons reportedly considering Sprouts merger

    BOISE, Idaho — According to sources familiar with the matter, Albertsons is in discussion with Sprouts Farmers Market about a potential merger, Bloomberg reported recently.

    The report notes that a potential plan could see Sprouts — a publicly traded company based in Phoenix, Ariz. — going private as an addition to Albertsons’ portfolio of banners.

  • Bloomberg: Walgreens could sell additional assets to Fred’s

    DEERFIELD, Ill. — Walgreens Boots Alliance could be close to an agreement to sell more assets, including additional stores, distribution centers, software and personnel, to Fred’s Pharmacy in an effort to win Federal Trade Commission approval of its proposed agreement to acquire Rite Aid, according to Bloomberg, citing sources close to the talks.

  • Weis Markets generates Q4 same-store sales growth of 3.4%

    SUNBURY, Pa. — Weis Markets on Thursday posted a fourth-quarter sales increase of 17.6% to $925.1 million, adjusted for the extra week in 2016, driven by comparable-store sales gains of 3.4% for the 14-week period ended Dec. 31.

    For the year, the company's sales increased 9% to $3.1 billion. Year-to-date net income increased 46.9% to $87.2 million, while earnings per share increased 46.6 percent to $3.24 compared to $2.21 in 2015. Year-to-date operating income increased 8.3% to $98.3 million.

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