As good as Walgreens performed behind the back bench this past quarter, the company’s continued focus on enhancing its beauty offerings is expected to lead improvements across the front-end as Walgreens plans to amalgamate the many store format pilots it has been testing into one of many yet-to-be-identified stores.
Rite Aid Wednesday evening outlined the number of tools the company has on hand in the delivery of low-cost, high-cost health and wellness services as it enters a new era featuring a tighter network of stores and a broad selection of diverse health services.
The online giant claimed an estimated 44% of all U.S. e-commerce sales in 2017, according to a study from One Click Retail. Amazon also accounted for 4% of the country’s total retail sales for the year — approximately $200 billion, revealed the study, “Amazon Year in Review: The 5 Biggest Trends of 2017.
Cargill, a national supplier of animal feed in the agricultural retail space has announced an agreement to acquire pet food company, Pro-Pet.
Saint Mary’s, Ohio-based Pro-Pet is a private label and co-manufactured pet food brand whose portfolio of products includes the Black Gold label of dog food. This latest acquisition will make Minneapolis-based Cargill the only national supplier of animal feed and pet food offerings, the company said.
Retailers have plenty to cheer at the beginning of the new year.
Holiday sales increased 4.9% in 2017, setting a new record for dollars spent, according to Mastercard SpendingPulse. It was the largest year-over-year increase since 2011. Online shopping saw large gains of 18.1% compared to 2016, boosted by a late-season rally. (The SpendingPulse report details holiday shopping from Nov.1 through Dec. 24 and covers retail sales across all payment types.)
It has been announced that Walgreens Boots Alliance will be reducing its stake in Guangzhou Pharmaceuticals Corporation, a pharmaceutical wholesaling joint venture in China. This announcement comes after the Deerfield, Ill.-based company announced plans earlier this year their plans to take a 40% stake in Sinopharm Holding GuoDa Drugstores.