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The Labor Department's report showed the unemployment rate rose to 3.8% last month against expectations that it would remain unchanged at 3.5%, while wages advanced 0.2% on a monthly basis, moderating from a 0.4% rise in July. Nonfarm payrolls increased by 187,000 jobs in August, against expectations of 170,000 additions, according to a Reuters poll of economists. Data for July was revised to show 157,000 job additions instead of the 187,000 additions reported before. The payrolls report follows recent data showing a fall in job openings and softer-than-expected private employment growth, both of which signaled weakness in the labor market. Broadcom (AVGO.O) fell 4.5% as the chipmaker projected current-quarter revenue below expectations on softening enterprise demand.

Persons: Brendan McDermid, Nonfarm, Rick Meckler, salvos, Rosalind Brewer, decliners, Shristi Achar, Sruthi Shankar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Broadcom, Dell, Dow, Nasdaq, Federal, Labor, Data, Traders, Cherry Lane Investments, Fed, Institute for Supply Management, Dow Jones, Disney, Charter Communications, ESPN, Charter's, Dell Technologies, Walgreens Boots Alliance, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more
▼ + stars: | 2023-09-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Fiscal second-quarter earnings per share came in at $2.68, versus the $2.54 expected from analysts polled by Refinitiv. PagerDuty — The stock declined 7.7% after PagerDuty issued third-quarter earnings guidance that missed analysts' expectations. The company expects earnings per share between 13 cents and 14 cents for the quarter, below a StreetAccount consensus of 15 cents per share. The company's earnings per share came out at $1.71, however, which was lower than analysts' expectations of $1.76, according to StreetAccount. The database software maker posted adjusted earnings of 93 cents per share on revenue totaling $423.8 million for the second quarter.

Persons: Lululemon, Papa John's, PagerDuty, Baird, Precious, Refinitiv, Morgan Stanley, Dell, Roz Brewer, Tesla, — MongoDB, Yun Li, Alex Harring, Michelle Fox Theobald Organizations: Broadcom, VMware, Refinitiv, Revenue, Dell Technologies, Walgreens, Alliance Locations: San Jose , California, China

☆ Walgreens CEO Brewer steps down less than three years into job
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

Pigeons are seen resting on signage for Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 1 (Reuters) - Walgreens Boots Alliance (WBA.O) said on Friday CEO Rosalind Brewer has stepped down less than three years since she took the top job at the pharmacy chain operator. The company's board and Brewer had mutually agreed that she would step down, Walgreens said, without providing further details. Brewer, a former Starbucks (SBUX.O) executive, joined Walgreens in 2021. Walgreens' shares have lost about 47% of their value since March 2021, when Brewer became CEO.

Persons: Andrew Kelly, Rosalind Brewer, Brewer, Ginger Graham, Manas Mishra, Shounak Dasgupta Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, Starbucks, Thomson Locations: Manhattan , New York City, U.S, COVID, Bengaluru

☆ Rosalind Brewer Steps Down as Walgreens Chief After a Short Tenure
▼ + stars: | 2023-09-01 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +3 min

Walgreens has been shifting away from pharmacy and retail to focus more on health care services, with mixed results. “While the wisdom of this move is debatable, health care is not Ms. Brewer’s forte.”Before joining Walgreens, Ms. Brewer was the chief operating officer of Starbucks and previously served as chief executive of Sam’s Club, a division of Walmart. As Walgreens leans more into the health care business, it faces several hurdles, industry experts said. It is rare for a woman to replace another female chief executive.

Persons: ” Neil Saunders, GlobalData, Brewer, Brewer’s, ”, James Kehoe, “, Walgreens, Stefano Pessina, Graham, Ms, Eli Lilly Organizations: Walgreens, Starbucks, Sam’s, Walmart, Deutsche, Deutsche Bank analysts, Amylin Pharmaceuticals, Guidant Corporation

☆ Walgreens CEO Roz Brewer steps down after more than 2 years in the role
▼ + stars: | 2023-09-01 | by ( Mike Calia | ) www.cnbc.com time to read: +1 min

Walgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company's chief executive. Brewer and Walgreens were in a rough patch leading up to Friday's announcement. In June, the company reported fiscal third quarter earnings that missed Wall Street expectations for the first time since July 2020. Walgreens said it is searching for a new CEO. A veteran of Walmart and Starbucks, Brewer had led Walgreens since March 2021.

Persons: Roz Brewer, Brewer, Ginger Graham Organizations: Walgreens Boots, Walgreens, Walmart, Starbucks

☆ Walgreens CEO steps down
▼ + stars: | 2023-09-01 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO as the company launches a search for a permanent CEO. Walgreens slashed its full-year profit guidance in June, warning of softening consumer spending and a pullback in demand for Covid vaccines. Under Brewer, Walgreens had implemented cost-saving measures in an effort to boost profitability in its healthcare segment. Walgreens says it’s a digital-first experimental store to benefit customers and not designed to deter theft, Walgreens says.

Persons: Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, Fortune, Walgreens, Roosevelt, Dick’s Sporting Goods Locations: New York, United States, United Kingdom, Chicago

Narcan, the first opioid overdose reversal medication approved for over-the-counter purchase, is being shipped to drugstore and grocery chains nationwide, its manufacturer said Wednesday. Big-box outlets like Walgreens, CVS, Walmart and Rite Aid said they expected Narcan to be available online and on many store shelves early next week. There were more than 100,000 opioid overdose fatalities in each of the last two years in the United States. Narcan is already a staple for emergency personnel and street outreach teams. Now scientists and health officials are hoping Narcan will eventually become commonplace in public libraries, subways, dorms, corner delis and street vending machines.

Persons: Narcan Organizations: CVS, Walmart, Rite Aid Locations: United States

☆ Updated Covid-19 vaccines are coming mid-September, officials say
▼ + stars: | 2023-08-25 | by ( Brenda Goodman | ) edition.cnn.com time to read: +5 min

CNN —Covid-19 vaccines that have been tweaked to teach the body how to fend off the current crop of circulating variants are now expected to land in drugstores and clinics in mid-September, senior administration officials say. The US Food and Drug Administration is expected to give its nod to the updated vaccines in a few weeks. Officials said ACIP will meet quickly after the FDA decision in order to expedite the regulatory steps and get the vaccines to market. The advisory group is scheduled to meet to discuss Covid-19 vaccines on September 12, meaning the vaccines could become available soon after. The details of the pharmacy program are still being worked out, and there may be a slight lag in getting free vaccines at some stores.

Persons: CNN —, ACIP, Mandy Cohen, ”, Dr, Sanjay Gupta, Cohen, There’s Organizations: CNN, US Food and Drug Administration, US Centers for Disease Control, Officials, CDC, Covid, Pfizer, Moderna, FDA, EG, Affordable, CVS, Walgreens, Walmart, CNN Health Locations: drugstores, Covid

☆ Instacart just filed for its IPO and revealed a plan to sell $175 million in stock to PepsiCo
▼ + stars: | 2023-08-25 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +2 min

The company outlined its business as well as a plan to sell $175 million in shares to PepsiCo. The grocery delivery service filed a prospectus, a detailed document that outlines Instacart's business and IPO ambitions, on Friday afternoon. Instacart will also sell $175 million in Series A preferred stock to beverage giant PepsiCo as part of a private placement, according to the document. Instacart said its average order value was $110 in 2022In total, Instacart works with 80,000 stores. As of June 30, 2023, it has 5.1 million Instacart + members.

Persons: Instacart Organizations: SEC, PepsiCo, Service, NASDAQ Global, Publix, Costco, Aldi, CVS, Walgreens, Walmart, DoorDash Locations: Wall, Silicon

☆ Drug retailer Rite Aid prepares to file for bankruptcy - WSJ
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

Aug 25 (Reuters) - Rite Aid Corp (RAD.N) is preparing to file for bankruptcy in coming weeks to address lawsuits the company is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar with the plan. Rite Aid did not immediately respond to a Reuters request for comment. Regionally focused Rite Aid operates more than 2,330 stores in 17 U.S. states, although it is much smaller than rivals like Walgreens Boots Alliance (WBA.O) and CVS Health (CVS.N). Along with other pharmacy chains, Rite Aid has been named a defendant in lawsuits that alleged they helped fuel the opioid crisis in the United States. The U.S. Department of Justice in March sued Rite Aid, accusing the pharmacy chain of missing "red flags" as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids.

Persons: Mariam Sunny, Khushi, Pooja Desai, Maju Samuel Organizations: Rite Aid Corp, Wall Street, Aid, Walgreens Boots Alliance, CVS Health, U.S . Department of Justice, U.S . Centers for Disease Control, Thomson Locations: U.S, United States, Bengaluru

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsLONDON/CHICAGO, Aug 24 (Reuters) - A highly mutated COVID variant called BA.2.86 has now been detected in Switzerland and South Africa in addition to Israel, Denmark, the U.S. and the U.K., according to a leading World Health Organization official. It has since been detected in other symptomatic patients, in routine airport screening, and in wastewater samples in a handful of countries. That the known cases are not linked suggests it is already circulating more widely, particularly given reduced surveillance worldwide, she said. There have been nine such cases detected as of Aug. 23 and the variant was also found in wastewater in Switzerland. Jha and others, including the European public health agency and COVAX, the global program for getting vaccines to the world's poorest, said COVID surveillance and defenses could be reactivated in the event of a major infection wave.

Persons: Shannon Stapleton, Maria Van Kerkhove, Kerkhove, ”, Marion Koopmans, Nirav Shah, Van Kerkhove, Tyra Grove Krause, Ashish Jha, Jha, Jennifer Rigby, Julie Steenhuysen, Pratik Jain, Caroline Humer, Bill Berkrot Organizations: REUTERS, Health Organization, Omicron, WHO, U.S . Centers for Disease Control, Pharmacy, Walgreens, Rite, Reuters, Statens Serum, White, Thomson Locations: Harlem, New York City, U.S, CHICAGO, Switzerland, South Africa, Israel, Denmark, COVID, Dutch, Danish, Bengaluru

☆ Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether
▼ + stars: | 2023-08-24 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Dollar Tree had a miserable quarter, and company management is chalking it up to a mix of factors: changing consumer demands on top of higher prices for fuel and electricity … and theft. Shares of Dollar Tree plunged 10% on the news. Dick’s Sporting Goods this week also cited theft as a primary reason why its profit plunged last quarter, even though sales rose. Target warned earlier this year that it was bracing to lose half a billion dollars because of rising theft. And the summer heat has sent air conditioning costs through the roof; Dollar Tree said that, too, has hurt its bottom line.

Persons: Richard Dreiling, Jeffrey Davis, Davis, Dreiling, “, Kurt Petermeyer Organizations: New, New York CNN, Wall, OSHA, Dick’s, Goods, Walgreens Locations: New York, Atlanta, Lowe’s

☆ Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits
▼ + stars: | 2023-08-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Dick's Sporting Goods plunged 25% on Tuesday after the company revealed weak second-quarter earnings. The retailer said it saw a decline in profits due to increased shrinkage, which is code for retail theft. The mention of theft hurting its business was a first for Dick's Sporting Goods, and it took analysts by surprise. AdvertisementAdvertisementDick's Sporting Goods was a darling retail stock that has seen strong performance since the COVID-19 pandemic began in March 2020. Part of the strength in Dick's Sporting Goods stock in recent years was driven by an increase in business as consumers got out of their house and more active as the pandemic subsided.

Persons: Lauren Hobart, Lauren Hobard, Target, Ed Stack, Goldman Sachs, Kate McShane, Wells, Will Gaertner Organizations: Sporting Goods, Service, Walgreens, Target, Dick's Sporting Goods, Sporting, Goods Locations: Wall, Silicon

New York CNN —Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits. Retail “shrink” is a term that refers to merchandise that goes missing due to theft, fraud, damage, accounting errors or other reasons. The retailer reported a large number of incidents of shoplifting and organized retail crime in its stores nationwide. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. According to the National Retail Federation, the industry’s biggest trade group, large-scale store theft is becoming a bigger part of retail shrink.

Persons: Lauren Hobart, can’t, ”, Read Hayes, criminologist, Gucci, – Organizations: New, New York CNN —, Goods, Walgreens, University of Florida, Prevention Research Council, Walmart, Target, National Retail Federation, eBay, Facebook, Westfield, Westfield Topanga Shopping, Nordstrom, FBI, New York Police Department, New York State, Police Locations: New York, Pittsburgh, Los Angeles, Chicago, Westfield Topanga, Burbank , Glendale, Beverly Hills, Santa Monica, New York City

☆ These are Goldman Sachs' favorite AI plays for the long haul
▼ + stars: | 2023-08-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Artificial intelligence may only be in its early innings, but Goldman Sachs is naming its favorite stocks to benefit from this disruptive technology over the long haul. To find the winners and the company-specific earnings boosts from AI, Goldman first calculated the share of wage bill exposed to AI automation. Goldman found the potential earnings change from AI adoption by averaging the results from two scenarios. Outside the technology sector, Goldman Sachs highlighted Walmart and Walgreens Boots Alliance as potential winners within the consumer staples sector. AI could boost baseline earnings 44% overtime at Walmart, which last week lifted its full-year outlook due to heightened grocery and online spending.

Persons: Goldman Sachs, Goldman, Russell, Andy Jassy, Twilio, Jeff Lawson, CNBC's Michael Bloom Organizations: Amazon, CNBC, Software, Walmart, Walgreens Boots Alliance, Illumina, Occidental Petroleum

☆ Maui's 'one big family' of locals rally to aid of wildfire victims
▼ + stars: | 2023-08-17 | by ( Jonathan Allen | ) www.reuters.com time to read: +6 min

"We're all one big family in Maui, we call it 'ohana'," said Romero, a 55-year-old retired battalion chief for the island's fire department. While the fires were still burning, residents of nearby Moloka'i skimmed over the narrow strait on jet skis to unload donations on Maui beaches. Firefighters have flown in from Oahu on their own dime to help with relief efforts, Romero said. A nearby veterinary clinic had set up a stand where victims of the fires can bring ailing pets. "If we keep it bottled up inside we're not going to be able to move forward."

Persons: Marco Garcia, Uilani, Louis Romero, Romero, Kapu, Labo, George Vanyi, Jonathan Allen, Jorge Garcia, Sandra Stojanovic, Liliana Salgado, Andrew Hay, Sharon Bernstein, Colleen Jenkins, Rosalba O'Brien Organizations: Hawaii, REUTERS, Maui, FEMA, Firefighters, Cross, U.S . Department of Veteran Affairs, Ritz, Carlton, Walmart, Thomson Locations: Maui, Honolulu , Hawaii, U.S, LAHAINA, Hawaii, West Maui, Lahaina, Moloka'i, Oahu, Napili

☆ Amazon Pharmacy automates discounts to help insulin patients get pledged prices
▼ + stars: | 2023-08-15 | by ( Patrick Wingrove | ) www.reuters.com time to read: +3 min

Aug 15 (Reuters) - Amazon.com (AMZN.O) said on Tuesday its online pharmacy will automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines to help patients access discounts pledged by the drug industry. Vin Gupta, Amazon Pharmacy's Chief Medical Officer, said the report highlighted the need to make it easier for patients to get their insulin at the lowest possible prices. Amazon Pharmacy will also automatically apply available discounts to diabetes-related medical devices from manufacturers Dexcom and Insulet, including continuous glucose monitors and pumps, as well as to other cardiometabolic medicines such as Novo's powerful weight-loss drug Wegovy. American Diabetes Association Chief Executive Officer Charles Henderson said Amazon's automated discounting would help the 37 million Americans with diabetes more easily access the treatments they need. So, we're going to create options that gives them access to these medications," Amazon Pharmacy Vice President John Love told Reuters.

Persons: Eli Lilly, Lilly, Elizabeth Warren, Vin Gupta, Wegovy, Charles Henderson, John Love, Patrick Wingrove, Sandra Maler Organizations: Amazon Pharmacy, Novo Nordisk, Sanofi, Amazon, Congress, American Diabetes Association, Walgreens, Reuters, Thomson Locations: New York

☆ CFOs are stepping into a rapidly revolving door
▼ + stars: | 2023-08-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Aug 14 (Reuters Breakingviews) - Chief financial officers are stepping into an increasingly rapidly revolving door. loadingIn the first half of this year, 103 of the top 1,000 companies ranked by Fortune lost their CFO, according to executive search firm Heidrick & Struggles. CFOs are grappling with rising inflation and interest rates – in some cases, for the first time in their careers. High CFO turnover looks far from transitory. Follow @jennifersaba on TwitterCONTEXT NEWSTesla said on Aug. 7 that its Chief Financial Officer Zachary Kirkhorn was stepping down.

Persons: Elon Musk, Zachary Kirkhorn, Francois, Xavier Roger, Anna Manz, Fortune, Refinitiv, Ruth Porat, Morgan Stanley, Mike Cavanagh, NBCUniversal, Mike Lenz, Unilever’s, Graeme Pitkethly, Walt Disney’s, Christine McCarthy, James Kehoe, Crist Kolder, Tesla, Vaibhav Taneja, Kirkhorn, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Finance, Walgreens Boots Alliance, London Stock Exchange, Reuters Graphics Reuters, Comcast, Walgreens, CFOs, Thomson Locations: Swiss

☆ Walgreens' HR chief says leaders need to 'take the wall down' and be open about themselves at work
▼ + stars: | 2023-08-14 | by ( Josée Rose | ) www.businessinsider.com time to read: +15 min

May told Insider that being open about the challenges you're facing can make you a better leader. Leaders need to "take the wall down" so those under them can say what they need to perform best. Insider recently asked May about her work in HR and meeting the needs of the company's large employee base. But you also need to work for companies with leaders that really understand the challenges. But I think employers need to keep top of mind the needs of their people.

Persons: Holly, she's, they're, They've, —, It's, I've, I'm, Roz, Rosalind Brewer, COVID, we've, Steven Senne, We're, We've, Gen Zers, you'll Organizations: Walgreens Boots Alliance, May, Service, Abercrombie & Fitch, Starbucks, Visa, Walgreens, Mental Health, Sundance, WBA Locations: Wall, Silicon, COVID, ESG, Georgia, America

☆ Retailers are shaping a wave of laws to crack down on organized theft — here's how they do it
▼ + stars: | 2023-08-11 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

Since 2022, at least nine states – six so far this year – have passed laws to impose harsher penalties for organized retail crime offenses. The new and proposed laws aim to deter brazen retail crime and go after the so-called kingpins who lead organized theft groups. But critics say the measures may not actually reduce organized retail crime, and could disproportionately harm marginalized groups. Plus, dozens of states already have organized theft laws on the books and the crime is still increasing, according to trade associations. Retailers and lawmakers say the misdemeanor charges have emboldened theft groups and allowed organized retail crime to spread.

Persons: Scott Olson, Doug McMillon, shoplifters aren't, Adrian Hemond, It's, they're, Chuck Grassley, Catherine Cortez Masto, CORCA, Cortez Masto, Cortez, Grassley, Sen, Anna Moneymaker, David Johnston, Jake Horowitz, Horowitz, criminologists, JC Hendrickson, Hendrickson, it's, cleaver, Manhattan, Manhattan DA Alvin Bragg, Barry Williams Organizations: CNBC, National Retail Federation, Walmart, U.S . Senate, Grassroots, eBay, Target, Coordination Center, Nevada Democrats, Cheyenne High School, Pew Charitable Trust, Justice Action Network, Walgreens, Manhattan DA, New York Daily, Getty Locations: Chicago , Illinois, U.S, Iowa, North Las Vegas , Nevada, Florida, Manhattan , New York, New

☆ Retailers say organized theft is biting into profits, but internal issues may really be to blame
▼ + stars: | 2023-08-10 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +8 min

In this article TGTFL Follow your favorite stocks CREATE FREE ACCOUNTThis is part two of a three-part series on organized retail crime. "If there's an occurrence of external theft they would steal let's say 10 bucks worth of merchandise, but if it's internal theft, it'd be 40 bucks." Internal theft also happens at warehouses and in aisles where online orders are prepared, one of the people said. However, he thinks internal theft is now "second place" to external theft. Shrink references reach a 'fever pitch'Retailers started to blame organized theft for lower profits as the industry's performance started to suffer.

Persons: Daniel Acker, they're, Neil Saunders, GlobalData, it's, Saunders, Patrick Tormey, it'd, Sonia Lapinsky, AlixPartners, David Johnston, Janine Stichter, Fonrouge, Foot Locker, You've, Mary Dillon, Locker, Michael Nagle Organizations: Target Corp, Bloomberg, Getty, CNBC, Lehman College School of Business, National Retail Federation, Retailers, Walgreens Locations: Chicago , Illinois, drugstores, America, GlobalData, New York, U.S

☆ New DoorDash customers are turning to the app for grocery deliveries and flowers, not just restaurant meals
▼ + stars: | 2023-08-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

DoorDash is seeing a surge in non-restaurant orders from new customers, including grocery and flower deliveries. The delivery company has 100,000 retail stores on its app, surpassing Instacart's 80,000 merchants. The company said more new customers are turning to the app for non-restaurant orders as DoorDash has grown its retail selection to more than 100,000 stores. In July, online grocery sales dropped 7% to $7.2 billion compared to July 2022 , according to the latest monthly Brick Meets Click/Mercatus Grocery Shopping Survey. Driving the downturn was delivery sales, which decreased 13.3% to $2.6 billion , according to the July survey released August 9.

Persons: Tony Xu, DoorDash, Xu, Grubhub, Uber, It's, Petco, Staples, Brittain Ladd, Instacart, confidentially Organizations: Service, Albertsons, Aldi, Target, Walgreens, Dollar Locations: Wall, Silicon, Stanford, PetSmart, North America

☆ Retailers are blaming organized theft for lower profits — but it's hard to tell if it's really rising
▼ + stars: | 2023-08-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +8 min

Lindsey Nicholson | Universal Images Group | Getty ImagesRetailers have zeroed in on organized retail theft as a top priority, as more and more companies blame crime for lower profits. Those mentions could flare up again as a flurry of retail companies will report financial results starting next week. Many of them described organized theft as an industrywide problem that's largely out of their control. While organized theft is a real concern, it is nearly impossible to verify the claims retailers make about it. Target has repeatedly said organized retail theft is fueling its inventory losses.

Persons: Lindsey Nicholson, Foot, Raphael Duguay, Duguay, Mark Cohen, Cohen, Bradlees Organizations: Universal, Getty, Retailers, U.S . Securities, Exchange Commission, Yale University School of Management, Columbia Business School, Sears Canada, Lazarus Department, National Retail Federation, Walgreens, Ucg, . Census, FBI, CNBC, Target Locations: Queens , New York

☆ Walgreens sells $1.85 bln of AmerisourceBergen shares, further cutting stake
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Pigeons are seen resting on signage for Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File PhotoAug 3 (Reuters) - Walgreens Boots Alliance (WBA.O) has sold some AmerisourceBergen Corp's (ABC.N) shares for proceeds of about $1.85 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor to about 16%. The latest share sale includes $250 million that drug distributor AmerisourceBergen will buy back from Walgreens under its share repurchase program, Walgreens added. Walgreens sold some AmerisourceBergen shares for $694 million in May. After the latest share sell, Walgreens will remain AmerisourceBergen's largest shareholder.

Persons: Andrew Kelly, Mrinmay Dey, Jamie Freed Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, Thomson Locations: Manhattan , New York City, U.S, AmerisourceBergen, Bengaluru

☆ Cramer talks consumer behavior, breaks down Apple and Amazon earnings
▼ + stars: | 2023-08-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"I get it, there's endless pontification about what the consumer is up to, because we're in a consumer led, service-oriented economy," Cramer said. But when it comes to consumer behavior, Cramer cares more about market leaders Apple and Amazon which reported results after the close Thursday. Amazon reported second-quarter earnings of 65 cents per share, beating analyst estimates of 35 cents per share, posting its biggest earnings beat since its report for the fourth quarter of 2020. Apple, too, beat Wall Street's predictions for earnings and sales, with quarterly revenue of $81.8 billion, topping estimates of $81.69 billion. Apple reported earnings of $1.26 per share, beating analyst estimates of $1.19, according to Refinitiv.

Persons: CNBC's Jim Cramer, Cramer Organizations: Pfizer, Walgreens, Apple

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