Web Briefs

Web Briefs
iRobot Cleans Up In Q1

Following a strong holiday season, iRobot Corp. continued to see gains in revenue and net income in the first quarter.

Web Briefs
Merger Process Weighs On Rite Aid Q4 Results

For the 14-week fourth quarter, as its ongoing merger attempt with Walgreens Boots continued, Rite Aid posted a company net loss of $21.1 million, or two cents per diluted share, versus company net earnings of $65.6 million, or six cents per diluted share, in the 13-week period a year earlier.

Web Briefs
Report: Fleiss To Head New Walmart Innovation Business

At the recent ShopTalk trade show, Marc Lore, president and CEO of Walmart’s U.S. e-commerce division, revealed that Walmart would begin an innovation and technology development project funded by but separate from its other operations, adding that it would bring on its first partner in the initiative shortly.

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