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  • CVS Health reports 10% sales lift in 2015

    Fourth quarter sales at CVS Health surged 11% to $41.1 billion, enabling the operator of nearly 10,000 stores to surpass a significant annual sales milestone.

    The company opened 53 new retail stores and acquired 1,672 pharmacies from Target to end the year with 9,655 retail stores, including pharmacies in Target stores, and annual sales of $153.3 billion, an increase of 10%.

  • First Look: Starbucks does Vegas — with stadium seating

    Starbucks is giving customers a front row seat on the famed Las Vegas Strip.

    The coffee giant has opened a 3,200-sq.-ft. location in Grand Bazaar Shops at Bally’s Casino complex. The store is unusual in that, instead of the typical tables with chairs, it offers theatrical stadium seating (for 30 to 40 people) in the center of the store and surrounding bench seating.

  • Why is Burberry suing J.C. Penney?

    It’s a matter of checks.

    Burberry Group Plc on Tuesday filed suit against J. C. Penney Co., accusing the U.S. retailer of trademark infringement regarding the high-end brand’s signature "Burberry check" pattern, which dates back to the 1920s.

    In a U.S. district court in Manhattan, Burberry claimed that Penney illegally sold "quilted jackets" with the pattern, as well as "scarf coats" in which scarves carrying the pattern were sold with matching coats, Reuters reported.

  • Breakout Retail Award winners revelead

    Retailing Today sister publication Chain Store age announced the winners of its first annual Breakout Retailer Awards, which honors emerging retail/restaurant concepts that are innovative in their segment and show strong potential for growth.

  • Sears Holdings to accelerate closure of unprofitable stores

    A combined 7.1% same-store sales decline at Sear and Kmart stores in the fourth quarter has parent company Sears Holdings vowing to undertake a wide range expense reduction and cash generating moves, including more store closings and asset sales.

  • Old Navy runs aground in Q4

    Old Navy, the division that has been performing the best for Gap Inc. for years, suffered a serious sales slump in the fourth quarter.

    For the fourth quarter ended Jan. 30, Gap Inc.’s net sales were $4.39 billion compared with $4.71 billion for the fourth quarter last year. Same-store sales at Gap Inc. were down 7% versus positive 2% last year. Same-store sales by global brand for the fourth quarter were as follows:

    • Gap Global: negative 3% versus negative 6% last year

  • Study: Which grocery app do customers prefer?

    Consumers are generally willing to use mobile apps to assist with grocery shopping, and there is one retailer whose app is the clear favorite.

    According to a new study from Blackhawk Engagement Solutions,’ “How Grocery Shoppers Shop: Changing Trends in Grocery Shopping,” the top used grocery app among U.S. consumers by a wide margin is Amazon (71%). This is followed by grocery store apps (28%), Walmart (26%) and Target (25%). Third-party savings apps are not used much, with use in the low single digits for the grocery channel.

  • CVS Health annual sales top $150 billion

    Fourth quarter sales at CVS Health surged 11% to $41.1 billion, enabling the operator of nearly 10,000 stores to surpass a significant annual sales milestone.

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