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Meijer opening smaller-format Meijer Marketplace concept
Grand Rapids, Mich. -- Meijer on Thursday will unveil its newest concept, Meijer Marketplace, opening a store in Melrose Park, Ill.
At 90,000 sq. ft., the new store will be nearly half the size of Meijer's largest supercenters. The smaller-format store, described as a "mini" supercenter concept, will focus on providing local customers with a tailored grocery shopping experience with fresh quality meats and produce, as well as a wide variety of deli, bakery and pantry items.
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CVS Caremark announces $4B stock buyback program
Woonsocket, R.I. -- CVS Caremark said its board has approved a $4 billion stock repurchase program and that it intends to complete an earlier $2 billion program before the end of this year.
Under the new authorization, the retailer said it expects to repurchase about $1 billion in shares by the end of the year.