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.

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.

Fred’s Adds Two To Board

Fred’s Inc. had added two new board members as the company awaits a decision from the Federal Trade Commission on its acquisition of 865 Rite Aid locations.

Walmart Eyes Bonobos As Fashion Resource

What might Walmart want with Bonobos? Media reports are rife that Walmart is negotiating to purchase Bonobos, a menswear specialist that promises a fun shopping experience for casual, trendy and often colorful clothing.

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