Retail Roundup—Albertsons to acquire Rite Aid; Online sales slow at Walmart

Walmart self-checkout
Walmart's online sales dipped in latest quarter. (Walmart)

Albertsons to buy Rite Aid

Albertsons Cos. will buy the Rite Aid Corp. drugstore chain—finally getting a buyer after its failed merger with another chain last year. And for Albertsons, the merger will add new locations and increase its presence as it faces increasing pressure for online competitors. (Bloomberg)

Online slows at Walmart

Walmart announced that while sales rose over the holiday shopping period, online sales slowed during the same quarter. The company said that operational issues were the reason for the slowed growth in the U.S. e-commerce business, and also the cut in marketing to its latest online venture Jet. (MarketWatch)

Home Depot No. 1, again

Home Depot's profit and revenue topped estimates for the sixth straight quarter, making it the No.1 U.S. home improvement chain. The success is due in large part to the strong housing market, along with rising employment and higher wages. (Reuters)

Amazon credit card offers cash back at Whole Foods

Shoppers who have the Amazon Prime Rewards Visa credit card, and are Prime members, can now get 5% back on their purchases from While Foods. Cardholders can use the cash back to shop on Amazon or use it for cash back, gift cards and travel through Chase's reward portal online. (MarketWatch)

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