News

Walgreens Boots names new CAO
Walgreens Boots Alliance has hired a former controller at American Express as its next accounting chief.
Shopko looks into store space, market baskets
Green Bay, Wis. – Shopko Stores is looking more closely into how it uses store space. It’s also looking more deeply into customer’s market baskets.

The retailer has renewed its license of APT’s Test & Learn and Market Basket Analyzer software for another three years.

Study: Back-to-school shopping not so cool

Denver – Whatever the cool kids (and their families) are doing this summer, back-to-school shopping does not appear to be on the agenda.

An ongoing shopper behavior study conducted by The Integer Group and M/A/R/C Research shows that retailers will continue to see the number of back-to-school shoppers in their stores drop.

In 2014, the data showed 36% of shoppers would not be shopping back-to-school, and this year the study is showing a 7% increase in those not shopping for back-to-school.
Target is Target to CEO Brian Cornell

Eliminating the multiple nameplates under which Target operates various store types is Chairman and CEO Brian Cornell’s latest move to simplify the retailer’s operations and identity.
Target to rebrand its newer format stores

Minneapolis -- Target wants to keep things simple.

The retailer, which has been moving to simplify its operations, is now taking a similar approach to its store identity. Starting in October, Target will begin the process of rebranding all of its CityTarget and TargetExpress stores as “Target.”
CVS Health surpasses expectations once again

With second-quarter net revenues up 7.4% to $37.2 billion, CVS Health shows no signs of slowing down.
Closing the Gap Between Online and the Store

Consumers don’t see “channels.” They are time-starved and information-rich, and use technology that they carry around in their pockets and purses to find the best solutions to their lifestyle needs.

The practice in retail of creating different brand experiences in different channels has gone beyond being an inconvenience to shoppers. It is the central challenge that retailers are grappling with today.
Petco picks bank for possible IPO

Petco is preparing for a potential initial public offering or sale that could value the pet supplies retailer at between $4 billion and $5 billion.

Reuters is reporting that the retailer has selected Goldman Sachs to help with an IPO of the San Diego-based company that could take place as soon as this year.
CVS Health on a roll as earnings rise

Woonsocket, R.I. -- CVS Health is showing no signs of slowing down.

The company reported that its second-quarter net income rose 2.1% to $1.27 billion. Adjusted earnings came to $1.22 per share, beating Zacks Investment Research analyst consensus of $1.20 per share.

Net revenues rose 7.4% to $37.2 billion.
Store closings accelerate as Office Depot awaits FTC ruling

The pace of store closings at Office Depot is accelerating and employee retention costs are rising as the retailer maintains that its merger with Staples will close by year end.