Walmart Express set to open
New York City — Wal-Mart will debut its Walmart Express format on June 8, in Gentry, Ark. The 15,000-sq-.ft.-store will sell many of the product categories that a traditional Walmart carries, from general merchandise to consumables. There is also a pharmacy. But it will have from 11,000 to 13,000 items, compared with the more than 100,000 items found in a typical supercenter.
A second Walmart Express is due to open next week, in Prairie Grove, Ark. It plans to open about 15 to 20 Walmart Express locations this year. The new format is aimed at rural and urban areas without nearby grocery stores.
Walgreen sales up 5.6% in May, completed acquisition
Deerfield, Ill. — Walgreen Co. said its same-store sales role 5.6% in May, better than Wall Street expected.
Walgreen said pharmacy revenue from those stores rose 6.7% as it filled 7.1% more prescriptions. Front-end same-store sales grew 3.6%.
The company also said it completed its acquisition of Drugstore.com, an online health and beauty retailer. Walgreen agreed to buy the company in March for $429 million.
Casey’s to purchase 22 stores in Iowa
Ankeny, Iowa — Casey’s General Stores and Kum & Go announced that they have signed a definitive purchase agreement for Casey’s to acquire 22 convenience stores from Kum & Go.
The stores, all of which are located in Iowan, will be immediately rebranded to Casey’s once the transaction is completed.
According to Kum & Go Owner, president and CEO Kyle J. Krause, the proceeds generated by this sale will be reinvested in Kum & Go’s 400 plus remaining stores and used to drive the company’s long-term business and growth strategies.