The pharmacy giant said it would close the stores over the next three years and plans to “redeploy” the majority of the workers at the closed stores.
Category: Company Reports
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Profits Leap at Goldman Sachs as Banks See Steady Economy
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
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The Stock Market’s Bullish Run Is Likely to Continue, Analysts Say
The bullishness on Wall Street is largely based on confidence that the Federal Reserve will tame inflation, the economy will remain solid and corporate earnings will continue to grow.
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Big Banks Open Their Books for First Test After Rate Cuts
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.
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Wall Street Profits Surge Despite Questions About the Economy
JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings season, but concerns linger about the strength of the consumer.
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Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
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Nike Names Elliott Hill as CEO, Replacing John Donahoe
Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.
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Inside Disney’s Succession Struggle and Bob Iger’s Return to Power
The inside story of how Bob Iger undermined and outmaneuvered Bob Chapek, his chosen successor, and returned to power at Disney.
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The Big Number: $3.8 Billion
The amount offered by Nordstrom’s founding family to buy its namesake retailer.
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Ford Pulls Back Its Electric Vehicle Push
The automaker said it would invest less in battery-powered cars and scrap a planned electric three-row sport utility vehicle.
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Macy’s Reports Lower Sales as Shoppers Cut Back
Department store chains have struggled as consumers, squeezed by budget constraints, spend less time and money at their stores.
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Walmart Sees Higher Sales From Picky Shoppers
The retail giant raised its forecasts as it attracted bargain-hunting shoppers strained by inflation, drawing in high-income households in particular.