Last Update: March 19 @ 7:09 PM
Retail
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PROVIDENCE – Revenue collections are outpacing estimates in Rhode Island in the current fiscal year, fiscal advisers for the Statehouse said last week, according to The Associated Press. more
The takeover of eyewear maker FGX International Holdings Ltd. last week by a French company meant a hefty payday for top executives John H. Flynn Jr., Alec Taylor and Steven Crellin. more
Video rental chain Blockbuster Inc., which has closed 40 percent of its Rhode Island stores in the past two years, said Tuesday it may file for Chapter 11 bankruptcy. more
The battle of the smart phones has a clear winner in Rhode Island. more
Dunkin’ Donuts said this week its sales rose 4 percent last year as the ubiquitous coffee chain opened 351 new stores around the world. At left, Dunkin’s flagship store in Shanghai, China. The chain employs 1,034 in Rhode Island. more
The Washington Trust Co.’s commercial real estate group recently provided $5.2 million in financing to Meriden Retail LLC to refinance the Silver Commons Shopping Center in Meriden, Conn. more
WOONSOCKET - CVS Caremark Corp. filled nearly 1.3 billion prescriptions in the United States last year, according to its annual report to the Securities & Exchange Commission. more
Gasoline prices in Rhode Island have risen for the third week in a row to $2.77 per gallon, up 2 cents from last week and 7 cents in the last month, AAA Southern New England reported Monday. more
PROVIDENCE – CVS Pharmacy Inc., the operator of more than 7,000 drugstores in the U.S., has sued KV Pharmaceutical Co. for allegedly breaking a supply contract after the U.S. Food and Drug Administration cited the drug maker’s generic unit for manufacturing problems, Bloomberg News reported. more
WESTPORT, Conn. – Royal Ahold NV’s Stop & Shop said all five unions for the company’s supermarkets in New England ratified a new three-year contract, Bloomberg News reported last week. more
Royal Bank of Scotland Group Plc has thrown cold water on speculation that it may sell Providence-based Citizens Financial Group Inc. and the rest of its U.S. operations to Barclays Plc, Britain’s second-biggest bank. more
Mansfield-based luggage maker Samsonite Corp. will mark its 100th anniversary this year with an advertising campaign created by the Boston firm Connelly Partners. more
FGX International Holdings Ltd. shareholders voted Tuesday to approve the company’s acquisition by Essilor International SA, the world’s largest maker of eyeglass lenses. more
Gasoline prices in Rhode Island have risen for the second week in a row to an average price of $2.75 per gallon, AAA Southern New England reported Monday. more
Citizens Financial Group Inc. said Monday it will add nearly 500 ATMs in 13 East Coast states to its network this spring by branding machines at 24-hour Sunoco APlus Convenience Stores. more
Staples Inc., through its Staples Foundation for Learning, has provided a $5,000 grant to St. Vincent’s. The funding will support St. Vincent’s Life Skills Program for youth ages 14 to 21. more
FRAMINGHAM, Mass. – Staples Inc., the world’s largest office-supply retailer, forecasts a full-year profit lower than analysts estimate and says fourth-quarter profit declined 18 percent, Bloomberg News reported last week. more
WOONSOCKET – CVS Caremark Corp., the largest U.S. provider of prescription drugs, received a subpoena from a federal agency concerning “possible false or otherwise improper” claims for Medicare and Medicaid payments, Bloomberg News reported last week. more
The Garden City Center shopping plaza in Cranston is getting a new image. more
Ocean State Job Lot has purchased a 113,000-square-foot retail center in Cranston and plans to open a store in May, the company said. more


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