1. Channel: Drug

Rite Aid to Close Hundreds of Stores in Bankruptcy: Report

Written by Posted on Less than 0 min read

Pharmacy chain Rite Aid is reportedly in talks about a bankruptcy plan that could lead to the closure of a significant number of its 2,100 drugstores, with sources suggesting up to 500 stores may be shuttered. Discussions are ongoing, and Rite Aid has stated that no final decisions have been reached. The move comes as…

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Uncategorized

Bayer To Pay $2.25B After Roundup Weed Killer Found To Cause a Man’s Cancer

A Pennsylvania landscaper has won a record payout from Bayer. He maintained that the company’s weed killer Roundup caused his blood cancer, and for that, he was awarded $2.25 billion. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a […]
< 1 min read
0
  1. Trends & External Forces

Inflation inched down in April

Consumer prices increased 0.4 percent in April, the equivalent of a 4.9 percent annual gain, according to the Labor Department. The Consumer Price Index has declined since peaking at nine percent in June 2022. View Original Article Associates Consumers Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online […]
< 1 min read
0
  1. Channel: Delivery

DoorDash Surpasses Delivery Estimates, but Shares Fall

DoorDash Inc. outperformed analysts’ predictions for delivery orders in the fourth quarter, driven by a surge in monthly users and expansion into new categories. However, despite these positive results, Wall Street didn’t seem entirely impressed. View Original Article Food Delivery Delivery DoorDash Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is […]
< 1 min read
0
  1. Holiday & Events

Valentine’s Day Sweets Significantly Priced Up

Buying Valentine’s Day-themed candy seems to come with a higher-than-normal price tag this year. View Original Article Holiday & Events RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond […]
< 1 min read
0
  1. Channel: Drug

Walgreens CFO says chain may have overstated theft problem

Walgreens CFO James Kehoe said that shrink at the chain fell from 3.5 percent to around the “mid twos” at present. Mr. Kehoe also said that Walgreens is reconsidering hiring private security guards after they proved “largely ineffective” in reducing theft in stores. View Original Article Associates Walgreens Executives Brick and Mortar Legal & Criminal […]
< 1 min read
0
  1. Uncategorized

Iconic Pea Soup Andersen’s in Buellton Shuts Doors

Considered a significant part of California’s culinary history, Pea Soup Andersen’s, an almost century-old staple in Buellton, has closed its doors out of the blue. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 […]
< 1 min read
0
  1. Channel: Delivery

Costco asks Instacart shoppers to wait for orders offsite

Some Costco stores have started asking Instacart shoppers to wait for orders offsite, according to interviews with shoppers and a review of Reddit posts and discussions on the policy. Instacart does not require shoppers to wait in a store’s parking lot to be eligible for an order, but it does tell its contractors that they… […]
< 1 min read
0
  1. Stores & Formats

US Department Stores See Higher Credit Delinquencies Amid Strained Spending

Several major U.S. department stores, including Macy’s and Nordstrom, are witnessing an increase in credit card delinquencies, which poses a risk to their revenues as consumers scale back discretionary spending before the critical holiday shopping season. Macy’s reported a decline of $84 million in credit card revenues for the second quarter due to rising delinquencies,… […]
< 1 min read
0
  1. Department: Food

Fruit Stripe Chewing Gum Is Gone Forever

The nostalgic Fruit Stripe Gum is saying its final goodbyes. Fruit Stripe, the gum brand that has been a staple in American candy stores since the 1960s, is being discontinued by its owner, Ferrara. View Original Article Dept. Fresh Brick and Mortar RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Trends & External Forces

Drought is costing U.S. cotton industry billions of dollars

The combination of too little rain and extreme heat is decimating the cotton crop in Texas, where 40 percent of the nation’s total is grown. “It’s been one of the harshest growing years that we have ever seen historically, all the way back to the 1950s,” said Kody Bessent, CEO of Plains Cotton Growers. The […]
< 1 min read
0
  1. Corporate Strategy

Gap’s 4Q concludes a disappointing year

Gap Inc. reported a loss of 75 cents per share for the fourth quarter, below the 46-cent decline expected by Wall Street. The retailer did manage to cut its net loss for the year to $202 million compared to $256 million in 2021. Gap suffered from sales declines, excess inventory and a need for a […]
< 1 min read
0
  1. Trends & External Forces

Inflation will account for holiday dollar sales increases

The National Retail Federation expects sales during November and December to increase between six and eight percent year-over-year. The forecast, which does not include auto dealers, gas stations or restaurants, is an indication that unit volume will be seen to have decreased once inflation is factored in. NRF CEO Matthew Shay said that consumers are […]
< 1 min read
0
  1. Uncategorized

Intel Reveals Layoffs in Sales and Marketing

Intel underwent another wave of layoffs recently, focusing on trimming down its sales and marketing department. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. CPG: Food

Oscar Mayer Will Hire Hotdoggers for $35,600 To Drive the Weinermobile

Are you someone who enjoys adventure and wouldn’t mind touring the country in one of America’s most iconic vehicles? If yes, you might be one of the people Oscar Mayer is seeking. View Original Article KraftHeinz RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Trends & External Forces

Fog Is the Latest Tool Retailers Are Deploying To Fight Theft

U.S. retailers are turning to innovative security measures to combat rising concerns over smash-and-grab robberies, with some installing fog-based security systems. The Density Security Fogger emits a dense, dry fog that quickly fills a store, drastically reducing visibility and disorienting potential thieves. According to Mike Egel, president of DensityUSA, this fogger is significantly more effective… […]
< 1 min read
0
  1. Channel: Mass

Walmart sells Eloquii plus-size women’s fashion business

Walmart has sold Eloquii to FullBeauty Brands after paying $100 million to acquire the plus-size women’s fashion business in 2018. Industry experts expect Walmart to focus on retail media, business services and other profitable growth opportunities. “Walmart’s product-based businesses will play a decreasing role going forward as a new world of opportunity beckons, much of […]
< 1 min read
0
  1. Uncategorized

Regional Banks Face Unrest and Warn of Possible Crisis

About a year ago, the collapse of three midsized American banks sent shockwaves through the industry. Now, it seems we’re heading back toward uncertain territory, as the specter of commercial mortgage defaults looms over regional banks. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Department & Category

McD’s shuts offices ahead of layoff announcement

McDonald’s shut down U.S. offices this week before an expected layoff announcement. The fast-food giant asked employees to cancel in-person meetings with vendors and outside partners. “During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” the company said in an internal message. View Original […]
< 1 min read
0
  1. Channel: Specialty & Other

Landlords find new tenants to fill Bed Bath & Beyond space quickly

Bed Bath & Beyond is shuttering 400 stores as it seeks ways to remain viable. Landlords for shopping centers housing the former Bed Bath & Beyond stores are finding plenty of takers for the space as HomeGoods, Ross, TJ Maxx and others open new locations. View Original Article Brick and Mortar Bed Bath & Beyond […]
< 1 min read
0
Next