Data & Analytics

CAMP HILL, Pa. — Rite Aid is set to acquire the leading independent pharmacy benefit manager Envision Pharmaceutical in a deal valued at $2 billion, the retailer announced Wednesday.    Rite Aid shares were up more than 8% in pre-market trading on the news.   

Pier 1 Imports Inc. has retracted its profit guidance for the fourth quarter and replaced its chief financial officer after what the company's CEO said was a miscalculated financial forecast.

CEO Alex W. Smith said the retailer’s same store sales growth in January was 5.7%, well below a forecast that "overestimated the recapture of lost sales from last year’s storms.”

Charlotte, N.C. – Family Dollar Stores Inc. is putting its head in a cloud in order to clear its operations. As part of a three-year agreement, Family Dollar has licensed Cloud360, Cognizant's proprietary, enterprise-class cloud management platform developed on Amazon Web Services for its portal applications.

Rite Aid is set to acquire leading independent pharmacy benefit manager Envision Pharmaceutical in a deal valued at $2 billion.  

Fort Worth, Texas – Pier 1 Imports Inc. has named senior VP of planning Laura A. Coffey, 48, as interim CFO. The move comes as Pier 1 reduces its guidance for fiscal 2015 and Charles “Cary” Turner retires as senior executive VP and CFO.

Mahwah, N.J. -- Ascena Retail Group has appointed Robb Giammatteo to serve as CFO. He joined Ascena in 2013, as senior VP of financial planning and analysis and investor relations.

Whole Foods Market's value message is resonating with shoppers as America’s favorite natural grocer delivered same store sales growth of 4.5% and record first quarter profits.

Whole Foods said sales for its first quarter ended Jan. 18 increased 10% to $4.7 billion due to the addition of new selling space and the increased productivity of existing stores reflected in the 4.5% comp increase, which pushed sales per square foot to $990.

Charlotte, N.C. - Belk Inc. has named Scott Kessler as CIO, effective immediately. Kessler, who will report to John R. Belk, president and COO, has served as Belk’s senior VP of omnichannel solutions delivery since March 2014.
 
Prior to that role, Kessler has more than 20 years of IT experience, nearly 10 years of which was with GSI Commerce Solutions where he was senior VP of products technology.