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RETAIL NEWS

  • Collaborative negotiating yields results

    Retailers and their suppliers are squandering opportunities to grow their businesses together strategically, a former Target executive told attendees at the third annual New General Market Summit, hosted by Drug Store News and Mack Elevation. “The discussion between retail and CPGs has been reduced to one issue only: How much money are you going to give me? How much cost reduction can we get?” said Daniel Duty, founder and CEO of Minneapolis-based Conlego Consulting.

  • Protein continues to build strength

    Protein bars have been flying off the shelves in mass outlets lately. Sales of nutritional bars were up 3.4% to $2.4 billion for the 52 weeks ended April 16, according to IRI across total U.S. multi-outlets.

  • Supplementing the bottom line

    Supplements are providing the perfect complement to drug store retailers’ bottom lines. Including meal replacement bars, energy shots, protein shakes and diet aids, sales of dietary supplements and nutrition-packed products across the supplement aisle continued to grow at a healthy 4.7% clip with more than $13.4 billion in sales across total U.S. multi-outlets for the 52 weeks ended April 16, according to the latest IRI data.

  • What’s next for the New General Market

    There are lots of bad reasons to start a company. But there is only one good reason. To change the world. The best brands operate with purpose, and it’s about much more than the bottom line. 
     
    That was the key idea behind the third annual New General Market Summit, held April 4 in Minneapolis. Co-produced by Drug Store News and Mack Elevation, the event attracted a number of leading global and emerging brands from the world of health and beauty.  
     

  • Healthcare satirist ZDoggMD headlines NCPA Annual speaker lineup

  • Report: FTC preparing to block WBA's acquisition of Rite Aid

    The Federal Trade Commission is preparing "advice" to block the deal to merge Walgreens Boots Alliance and Rite Aid, according to a Investor's Business Daily report. The news was first reported by Bloomberg. "Shares of Rite Aid sank 14% to 3.03 in afternoon trading on the stock market [and] Walgreens dipped 0.3%. Rival CVS Health (CVS) edged up 0.5%," Investor's Business Daily reported. In addition, shares of Fred's Pharmacy, which has agreed to acquire as many as 1,200 divested Rite Aid locations as part of the deal, dropped 2.5% Friday.

  • Live Oak Bank debuts pharmacy equipment finance solution

    WILMINGTON, N.C. – Live Oak Bancshares is now offering pharmacies an equipment finance solution that maximizes return on investment. With Live Oak Bank equipment leasing, pharmacies can acquire the equipment they need to successfully run their business while matching lease payments with their budget, cash flow and anticipated additional revenue.

  • Publix, Wegman’s top Harris Poll social responsibility index

    ROCHESTER, N.Y — Consumers rank Wegmans, Publix Super Markets, and Amazon.com as the top three companies when it comes to corporate social responsibility efforts.

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