News

Deerfield, Ill. -- BioScrip Inc. said it will sell certain assets of its community specialty pharmacies and centralized specialty and mail service pharmacy businesses to Walgreens for about $225 million.

The deal includes about $170 million in cash at closing and retention by BioScrip of associated accounts receivable and working capital liabilities of about $55 million.

BRENTWOOD, Tenn. — Tractor Supply Co. continued its hot streak with a fourth quarter sales increase in excess of 20%.

Net sales hit $1.24 billion for the company in the 14 weeks ended Dec. 31., up 20.1% from the 13-week period a year ago. For the full year, sales increased 16.3% to $4.23 billion.

Net income was up 40.4% to $70.5 million  for the quarter, and up 32.6% to $222.7 million for the year. 

CINCINNATI — Macy’s Inc. announced that Peter Sachse, the company's chief marketing officer and chairman of Macys.com, will succeed Ron Klein as chief stores officer, effective Feb. 13. Klein will retire from Macy's effective March 31, after 36 years with the company. 

ISSAQUAH, Wash. — January sales at Costco increased 11% to $7 billion with U.S. same-stores sales powering ahead by 8% excluding fuel, the company reported Thursday.

Share’s of Walmart hit a 52-week and multi-year high this week of $62.63 – a level not touched since the fall of 2008 – which left investors happy as well as curious.

Fans of the Twilight series have a hard choice to make on Feb. 10 when Walmart and Target are both hosting special events as they vie for sales of the “Twilight Saga: Breaking Dawn Part 1.”

New York City -- The nation’s apparel retailers reported mixed results for January as shoppers remain cautious about spending in the uncertain economy.

“It was as tough month as retailers battled holiday hangover, lack of incentive to shop and mild winter that killed outerwear clearance," said Ken Perkins, president of RetailMetrics Inc., in a Reuters report.

As the first month of the year, January accounts for only 20% November-January sales, and 7% of annual sales, according to RetailMetrics.

Gib Mitchell was named director of national accounts for demand intelligence provider LumiData and will be based in the firm’s Bentonville, Ark. office.