retail News Updates

CVS Health plans to spin off its retail pharmacy business in one of the biggest-ever breakups in the healthcare industry.

Nike said it hired Jane Ewing from Walmart to become the sportswear company’s chief commercial officer.

Retailers are benefiting from greater consumer resiliency than might have been expected, but the chains creating the most consistent demand are discount stores.

Target is reorganizing its strategy team in the latest move to simplify the company’s structure and improve efficiency under new CEO Michael Fiddelke.

Competitors such as Walmart and Target scheduled overlapping promotions, boosting traffic and shopping across the web.

Consumers will spend $26.3 billion online with Amazon and other retailers during this year's Prime Day, according to Adobe estimates.

Starbucks CEO Brian Niccol said the coffee chain has the potential to add at least 5,000 more stores in the U.S., echoing comments from earlier this year.

The retailer said it will stay cautious on spending trends after tax refund-driven demand fades, while continuing to use viral products to drive store traffic.

CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said.

Comparable sales gained 3.5% in the first quarter, topping estimates. That was driven by a 4.5% gain in the average transaction.