Walgreens increases starting wage to US$15 an hour due to U.S. worker shortage
Walgreens has become the latest company to increase its starting wage amidst the ongoing U.S. worker shortage.
Walgreens Boots Alliance announces three new leadership appointments
Walgreens Boots Alliance has announced three key executive leadership positions. Danielle Gray has been named Executive Vice President and Global Chief Legal Officer for WBA, Tracey Brown appointed to the newly created role of President of Retail Products and Chief Customer Officer for Walgreens and Jeff Gruener joins Walgreens as Senior Vice President and Chief Financial Officer.
L’Occitane completes US lease restructure
L’Occitane has announced that it has successfully completed the restructuring of its US lease portfolio, having received approval of its Plan of Reorganization from the US Bankruptcy Court.
Ulta posts record-breaking Q2 sales as COVID restrictions lift
Ulta Beauty saw sales surge 60.2 percent to US$2 billion compared in the second quarter of fiscal 2021, compared to the same period in 2020 due to the favorable impact from strong consumer confidence and fewer COVID-19 restrictions.
Walmart launches new white label delivery service, GoLocal
Walmart isn’t taking Amazon’s recent growth spurt lying down, announcing the creation of a new revenue stream: opening up its delivery capabilities to businesses of all sizes as part of its wider plan to offer technologies and services to help other businesses navigate their own digital transformation.
Amazon pips Walmart to world’s biggest retailer (outside China) crown
Amazon has been named the world’s largest retailer outside of China, a title previously held by Walmart, according to a report published by The New York Times.
Target sees sales rise 8.9 percent as traffic grows in store and online
Target has reported its results for the second quarter of the current financial year. The US retailer saw comparable sales rise 8.9 percent on top of its record growth last year (+24.3 percent).
P&G debuts Gen Z focused hair care brand, Nou
Procter & Gamble has announced the launch of a new multicultural hair care line aimed at Gen Z, according to a report published by Glossy. The US FMCG giant’s Nou brand will be sold via Walmart.com before being rolled out to stores in October.
Walmart Q2 2022: Retailer raises outlook as US net sales up 5.3 percent
Walmart has raised its outlook for the second consecutive quarter after reporting a US net sales rise of 5.3 percent for the second quarter of the financial year and comp sales at 5.2 percent.
Hudson’s Bay Co teams up with WeWork to convert Saks stores into workspace
The owner of department store Saks Fifth Avenue, Hudson’s Bay Co has partnered with WeWork to convert part of its retail portfolio into office space, according to a report published by The Wall Street Journal.
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