by Mike Duff | Jul 15, 2025 | Retail Articles
In the first quarter, Albertsons Cos. posted an identical sales gain and topped Wall Street’s earnings and revenue estimates, but profits declined. Net income was $236.4 million, or 41 cents per diluted share, versus $240.7 million, or 41 cents per diluted...
by Mike Duff | May 20, 2025 | Retail Articles
CVS Pharmacy has agreed to acquire and operate 64 Rite Aid stores in Idaho, Oregon and Washington. As Rite Aid’s Chapter 11 bankruptcy proceedings continue, the CVS Health division said it also had acquired the prescription files of 625 Rite Aid pharmacies across 15...
by Mike Duff | Apr 16, 2025 | Retail Articles
The Kroger Co. is revamping divisional leadership, including the promotion of Joe Kelley, former president of its major King Soopers and City Markets operation, to senior vice president of Kroger retail divisions. In the move, Kenny Kimball, who had been senior vice...
by Mike Duff | Apr 15, 2025 | Retail Articles
As Albertsons’ new CEO prepares to take the reins, the supermarket operator posted overall revenue and identical sales gains against an earnings slip that still beat Wall Street expectations. Net income was $171.8 million, or 29 cents per diluted share, versus...
by Mike Duff | Mar 26, 2025 | Home + Housewares
The Kroger Co. has filed counterclaims to a complaint brought by Albertsons Cos. in the Delaware Court of Chancery in connection with the failed merger agreement between the two companies. Kroger stated in the counterclaim it worked diligently to seek regulatory...
