Albertsons will acquire a majority of the Rite-Aid drugstore chain in a cash-and-stock deal, adding crucial scale to the grocer's pharmacy operations, according to Bob Miller, Albertsons chief executive. Walgreens is already in the process of acquiring about 2,000 Rite-Aid stores, while pharmacies in Albertsons locations will move to the Rite-Aid brand.
Red Lobster, Winn-Dixie and Publix have joined the movement among restaurants and grocers to convey to consumers that its seafood is responsibly produced, with Red Lobster using a Super Bowl ad to bring attention to the move. "A lot of companies want to do the right thing, but you have to develop a supply chain that's completely different from the one that exists right now," said Steve Kirn of the University of Florida's Miller Retail Center.
Magical unicorn has become the first new shape in ten years to gain a permanent spot in the Lucky Charms marshmallow lineup. The shape was picked by popular vote and is a permanent addition to the cereal, replacing the hourglass shape.
Samsung will reduce its production of OLED displays amid low demand for Apple's iPhone X. The company initially planned to produce 45 million to 50 million screens in the first quarter of 2018 but has cut that number to 20 million or fewer.
SuperAwesome reached profitability in the fourth quarter of 2017 and is expected to grow by 100% this year, per company data. The kid-centric technology producer believes much of its growth is driven by the fact that children continue to abandon watching TV in favor of online entertainment.
Amazon will now give Prime members a 5% discount when they shop at Whole Foods Market stores using their Amazon Rewards Visa Cards, the company said. Amazon Prime members pay a $99 annual fee for benefits including free shipping and video streaming, and the Rewards Visa comes with other perks including 5% discounts on Amazon purchases.
Shiseido has unveiled a project dubbed Cosmetic Press that will release limited-time cosmetics offerings in rapid succession to keep pace with the fast-changing beauty market. Ice Cream Parlour Cosmetics will be the first brand to be released and will feature products including base and eye shadows in 19 colors.
Walmart's online sales growth slowed during the holiday season, and the retailer will focus more on courting new customers for its main e-commerce site and less on marketing Jet.com. The retailer reported a 24% increase in US online sales in the fourth quarter after booking a more than 50% rise during the three previous quarters.
Asian-focused grocer HMart has brought something extra to its first location in the Austin, Texas, area: a market area for prepared foods that features a performance stage. The eatery's options include sushi, Korean barbecue and a no-tip bar.
The use of smart technology in the home will only continue to grow, and smart homes of the future will include tech in almost every room. Smart speakers will be a focal point, while roll-up screens, projectors, smart appliances, smart shower systems and sleep trackers may all be features found in smart homes.
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