Thursday at 5:49 a.m.
Filed under:
M&A,
Pharmaceuticals,
Retail
By McClatchy Tribune Newspapers
Drugstore.com rejected a pair of lower offers from Walgreen Co. during a yearlong courtship before accepting a third proposal worth about $429 million, the Bellevue, Wash.-based Internet retailer disclosed in a regulatory filing Wednesday.
Drugstore.com agreed March 23 to be bought by Walgreens, the nation’s largest drugstore chain, for $3.80 a share in cash, a 111 percent premium over the stock’s closing price a week earlier. The planned purchase, which is subject to approval by drugstore.com shareholders, is expected to be final by the end of June. Get the full story »
Jan. 4 at 8:06 a.m.
Filed under:
Internet,
Retail
By Dow Jones Newswires
Macy’s Inc. expects to add about 725 new positions during the next two years as it looks to expand its Web site offerings.
Shoppers have been increasingly moving their business online, and Macy’s, for its part, has seen its online sales grow in the double digits on a percentage basis over the past few years. For the first 10 months of fiscal 2010, online sales were up 29 percent. Get the full story »
Nov. 26, 2010 at 1:15 p.m.
Filed under:
Internet,
Retail
By CNN
As online sellers kick off the coming week with one of their biggest sales days of the year — Cyber Monday — its brick-and-mortar counterpart — Black Friday — offers some encouraging signs: Consumer are shopping more enthusiastically in stores and online before the big days. Get the full story »
