Consumers are keen on the concept of personalization, but can brick-and-mortar independents capitalize on this trend? For insights, we turned to Noah Voreades, Managing Director of GenBiome Consulting. “Personalization in the nutritional supplements market in many ways is still trying to find the right business model, channels, and ways to...
Washington and Oregon--Rite Aid will start selling CBD creams, lotions and lip balms in Washington and Oregon this month, according to CNBC. The drugstore is testing public demand for CBD-based consumer products, having "heard from many customers about their interest in purchasing CBD products," the company said in a statement quoted...
At an earnings call on Monday, Albertsons reported a $17.7 million net loss which, compared to last year’s $204.9 million loss for the same period, is a major improvement. According to Food Dive, Albertsons’ net sales are up 1% to $18.7 million. Same-store sales are up .2% and expected to...
Bentonville, AR — Walmart is reportedly in talks to acquire Humana. According to a story first reported in the Wall Street Journal, Walmart is holding preliminary talks to buy U.S. health insurer Humana Inc. and the companies are discussing various options. Walmart Inc.’s potential acquisition of a health insurer would...
Boise, ID and Camp Hill, PA. - Grocery chain Albertsons announced today it is expanding its retail pharmacy divisions by purchasing more than 2,500 Rite Aid stores. According to a company press release, the combined company is expected to serve more than 40 million U.S. customers per week at approximately 4,900...
Pittsburgh, PA — Health and wellness retailer GNC Holdings named Ken Martindale as CEO, replacing interim CEO Bob Moran, the company announced Wednesday. Martindale had been CEO of Rite Aid Stores. Moran will continue on as non-executive chairman of the GNC board. “Ken is a proven leader with deep retail expertise,...
