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  • Kroger to create new specialty pharmacy division

    The Kroger Co. is expanding its position in the pharmacy vertical.   Axium Pharmacy Holdings Inc., a wholly-owned subsidiary of Kroger, will acquire Orlando, Florida-based specialty pharmacy retailer ModernHealth. Financial terms of the agreement with ModernHealth parent company ModernHC Holdings Inc. were not disclosed.   The deal will create a combined specialty pharmacy that will operate as a wholly-owned Kroger subsidiary.  

  • Deloitte: Retailers should catch early bird back-to-school shoppers

    Hesitating to offer back-to-school deals could result in significant loss of potential sales.  

  • GameStop has big plans for virtual reality

    Augmented reality mobile game Pokémon Go has given a big sales boost to GameStop.  

  • eBay marks big milestone in second quarter

    eBay beat sales expectations in its second quarter, during which it also crossed an important threshold.

    The online marketplace reported that it crossed the one billion live listings mark in the quarter, reflecting its efforts to expand the breadth of selection offered to consumers and the progress it has made on enhancing its shopping platform.

    eBay reported net income of $435 million, or 38 cents a share, up from $83 million.

  • Survey: Back-to-school shoppers will spend more, but wisely

    Parents making back-to-school purchases are willing to open their wallets, if the price is right.   That’s according to a new study from digital savings platform RetailMeNot Inc., "Back-to-School Cheat Sheet: Consumer Trends and Insights for Retailers," back-to-school shoppers plan to spend an average of $273 per child, up from their anticipated spending of $246 in 2015.  

  • End of the road for former teen apparel giant?

    It appears that Aeropostale Inc., which declared Chapter 11 bankruptcy in May, will be selling its assets rather than reorganizing.       The teen retailer said in court papers that “reorganization on a standalone basis is not feasible.” Instead, it will look for a “stalking horse” to make the lead bid at an auction next month, Bloomberg reported.   

  • Bob’s Stores and EMS in new holding company

    Versa Capital Management has formed a new holding company, called Eastern Outfitters, which will continue the restructured operations of Eastern Mountain Sports (EMS) and Bob’s Stores.  

  • Study: Cost reduction a top priority of retailers

    Retailers are focused on getting leaner.   That’s according to a new study by Accenture, in which 88% of retailers said they were focused on cost reduction to free up funds necessary to reinvest in growth initiatives.  As for where they are those cost savings, the top three areas were expanding into new geographies (cited by 60%), digital technologies (54%) and enhancing customer experiences (52%).  
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