Retail
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United Natural Foods Inc.’s net income rose to $28 million, or 56 cents per diluted share, during the second quarter of its fiscal 2014 year, a 23.6 percent increase over the $22.6 million, or 46 cents per diluted share, reported for the same period last year. more
Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell. more
Despite severe winter weather during the first months of 2014 that put pressure on New England business owners in several industries, the overall economic outlook remains cautiously optimistic, according to the Federal Reserve Board’s Beige Book released Wednesday. more
U.S. stocks fell, erasing early gains after the Standard & Poor’s 500 Index came within four points of a record as data showed an increase in retail sales and a drop in jobless claims. more
CVS Caremark Corp. announced Wednesday that it has signed a three-year contract to continue providing pharmacy benefit services for the Blue Cross & Blue Shield Federal Employee Program. more
General Growth Properties Inc. CEO Sandeep Mathrani’s compensation surged more than fivefold to $22.1 million last year, boosted by the value of stock-option awards. more
The price for a gallon of gasoline averaged $3.53 in Rhode Island for the first three months of 2014, according to an analysis by GasBuddy.com. more
Spending on prescription drugs rose 4 percent last year, as more patients were prescribed specialty medications and took advantage of prescription benefits from their health insurance programs in an improving economy, CVS Caremark Corp. said Thursday in its annual Insights report. more
After dropping last week for the first time since early February, gasoline prices held steady this week in Rhode Island and rose in Massachusetts, according to the weekly survey by AAA Southern New England. more
Consumer spending in the U.S. rose more than projected in March, reflecting a jump in outlays for services that is unlikely to be repeated, signaling the biggest part of the economy will soften this quarter. more
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