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  • Cardinal Health realizes revenue gains but earnings decline behind pricing headwinds

    DUBLIN, Ohio - Cardinal Health on Monday reported first-quarter fiscal year 2017 revenue of $32 billion, an increase of 14% from the comparable quarter last year.

    The company also reported a decline in GAAP operating earnings of 14% to $535 million. GAAP diluted earnings per share decreased 17% to $0.96.

  • First Look: Check out Walmart’s new BOPIS machine

    Walmart is testing new technology that could revolutionize the way customers pick up purchases they ordered online.  
     

  • A rebuilding GNC outlines 5 strategies to outlift the competition in 2017

    PITTSBURGH - Following another disappointing quarterly performance, GNC interim CEO Robert Moran on Thursday promised to deadlift a "broken" go-to-market strategy and launch a new business model that better represents the fit, nimble and feisty specialty-channel competitor GNC needs to be.

  • New SPINS, Shelvspace partnership aims to improve execution in natural food channel

    CHICAGO - SPINS on Thursday announced a partnership with Shelvspace, a provider of cloud-based sales technology for the consumer packaged goods industry, that will provide suppliers and their retail partners a better way to manage execution at the store shelf and prevent common issues such as out-of-stocks or poor displays.

  • Report: Who's in the hunt for divested Rite Aid stores? The answer may surprise you ...

  • 'Spread Hope, Not the Flu' campaign raises $1.8 million for Rite Aid's KidCents

    CAMP HILL, Pa. - The Rite Aid Foundation announced this week that it is donating more than $1.8 million to KidCents charities on behalf of Rite Aid customers who received a flu shot this year. Each of the more than 360 KidCents charities, located in communities served by Rite Aid, will receive a $5,000 grant to support programs that improve the health and well-being of children in their communities.

  • McKesson recasts fiscal outlook to reflect lower pharma pricing

    SAN FRANCISCO – McKesson on Thursday reported that revenues for the second quarter ended Sept. 30, 2016, totaled $50 billion, up 2% compared to the year-ago period. On the basis of U.S. generally accepted accounting principles, second-quarter earnings per diluted share from continuing operations was $1.35, compared to $2.65 a year ago.

    The company is updating its outlook from the previous range of $13.43 to $13.93 per diluted share to a new range of $12.35 to $12.85 per diluted share for the fiscal year ending March 31, 2017.

  • Costco targets busy shoppers with 'Mom Hour' event

    Costco is rolling out its second annual event designed to give moms an extra hour to shop.

    The club retailer's “Mom Hour, a Holiday Shopping Event just for Moms!” event will be held Friday, Nov. 4, from 9 a.m. to 10 a.m. (an hour before the clubs usually open). Nearly 100 Costco warehouses across the country will be participating.

    Participants will get treats, swag bags and other giveaways, including a discount on membership. 

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