Here’s the latest in retail sales and strategy:
Six Flags Entertainment is selling seven amusement parks in the U.S. and Canada to EPR Properties for about $331 million. The parks include Michigan’s Adventure, Schlitterbahn Galveston, Six Flags Great Escape, Six Flags St. Louis, Valleyfair, Worlds of Fun and La Ronde in Montreal. The parks drew about 4.5 million visitors and generated roughly $260 million in revenue last year. EPR will partner with Enchanted Parks to operate the U.S. locations. Proceeds used to reduce debt.
CVS Health and Google Cloud have formed a strategic partnership to develop a new consumer health engagement platform called Health100. The platform will connect pharmacies, providers, insurers and digital health services into a single system designed to keep patients engaged in their care. Built on Google Cloud and using agentic AI, Health100 will provide real-time support, help consumers manage records, compare care options, and schedule appointments, while aiming to reduce fragmentation and improve health outcomes.
Casey’s General Stores reported strong third-quarter results as higher inside-store sales and improved margins boosted profitability. Net income rose 49.3% to $130.1 million for the quarter ended Jan. 31, while revenue edged up to $3.92 billion. Inside same-store sales increased 4%, led by strong demand for pizzas, hot sandwiches and beverages. Fuel gallons sold rose 2.3%. Casey’s said it remains on track to open at least 80 stores in fiscal 2026, while its Casey’s Rewards loyalty program surpassed 10 million members.
Saks Fifth Avenue is dramatically reducing its footprint as it restructures following a bankruptcy filing earlier this year. Parent company Saks Global said 12 Saks stores will close by the end of May. The cuts will leave roughly 13 Saks stores nationwide, down from about 33 before the January bankruptcy. The company is also closing four Neiman Marcus locations, leaving about 32 stores. New York’s Bergdorf Goodman will remain open.
Shell has agreed to sell Jiffy Lube to Monomoy Capital Partners for $1.3 billion, more than 23 years after acquiring the automotive service chain through its purchase of Pennzoil-Quaker State. The deal includes the Jiffy Lube brand, franchisee Premium Velocity Auto, and a network of more than 2,000 franchised locations. Shell will retain its Pennzoil, Quaker State, Rotella and other lubricant brands. The company said the sale allows it to monetize a non-core asset and reinvest in higher-return opportunities.
George Clooney is lending star power to a new non-alcoholic beer venture. Clooney, nightlife entrepreneur Rande Gerber and Discovery Land Company founder Mike Meldman have launched Crazy Mountain, featuring a lager and lime-flavored beer. The drinks are expected to roll out in select markets later this year and through the brand’s website. The trio previously partnered on Casamigos tequila, which they sold in 2017 for a reported $1 billion. Crazy Mountain’s beers contain about 65 calories per can and aim to deliver the taste of beer without the alcohol effects, according to USA Today.
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