Shannon Curtin, former group vice president of beauty and personal care at Walgreen Co., is joining Coty Inc. as senior vice president for North America. Coty said Friday that Curtin will assume her new position after the completion of the company’s merger with Procter & Gamble Specialty Beauty.
Retail store sales edged up for the fiscal 2016 fourth quarter and full year at Jean Coutu Group, but the company saw net earnings decline year over year for both periods. Jean Coutu said Wednesday that for the fourth quarter ended Feb. 27, revenue for its franchise store network grew 0.6% to
Joseph Papa has resigned as chairman and chief executive officer of Perrigo Co. plc to join Valeant Pharmaceuticals International Inc. as chairman and CEO. Valeant said Monday that Papa, 60, is slated to start at the company by early May. Papa will succeed J.
A round of store closings announced by struggling Sears Holdings Corp. will include 68 Kmart locations. Sears Holdings said late Thursday that it plans to shut 78 stores in 27 states, including 10 Sears stores. All of the Sears stores and virtually all of the Kmart stores will close in late
Walmart has repositioned its board of directors as the company pushes ahead with its strategic plans. Walmart said late Wednesday that going forward its board will have 12 members, down from the current 15.
CVS Health has opened its first CVS Pharmacy locations inside Target stores in Utah. CVS said Thursday that the 13 new pharmacies are at Target stores in the Ogden–Clearfield, Provo–Orem, Salt Lake City and St. George, Utah, metropolitan areas. They join 11 CVS Pharmacy drug stores in the state.
Target Corp. reportedly has begun raising its minimum wage to $10 an hour. The discount store chain’s management has communicated the $1-per-hour raise to store managers, who have started informing employees about the increase, according to sources cited by Reuters.
Helen of Troy is transforming itself, with the goal of delivering results for customers and shareholders. And there has been much progress toward achieving that goal over the past two years, according to Julien Mininberg, the company’s chief executive officer.
Going forward, chain drug stores can bank on the same underlying trends that have fueled the retail pharmacy business in recent years. But the industry as they’ve known it won’t look quite the same.
Within hours of each other, the governors of California and New York recently signed bills that will eventually raise the minimum wage in their states to $15.
Almost 100 years ago Australian pharmacists banded together to stop Boots the Chemist entering their market by setting up the Pharmacy Guild of Australia and successfully lobbying governments to enact laws restricting pharmacy location and ownership. Walgreens Boots Alliance Inc.
CVS Health has launched its CVS Pharmacy y más Hispanic store format in Los Angeles, the second major market to have the concept. Plans call for nine CVS Pharmacy y más stores in the greater Los Angeles area, CVS said Thursday. Through August, the CVS pharmacy y más stores will open in South
Juan Figuereo has joined Revlon Inc. as executive vice president and chief financial officer. Revlon said Tuesday that Figuereo, 60, who has served in senior financial roles at a wide range of companies, assumes the CFO post effective immediately.
Michael Bogda, president of Lannett Co., plans to leave the company to pursue other interests. Lannett, which announced the move late Monday, said that Bogda is slated to depart on June 3.
This year, Loblaw Cos. plans to invest about $1 billion into its Canadian retail business. Loblaw said Tuesday that it aims to open 50 new stores and complete 150 store remodels. The capital budget also includes e-commerce expansion plus IT infrastructure and supply chain projects.
Walgreens Boots Alliance (WBA) Inc. has sold its Alliance Healthcare Russia pharmaceutical wholesale business to 36.6, a leading health and beauty aids and pharmacy retailer in Russia. Financial terms of the transaction weren’t disclosed. However, WBA said it will own a 15% interest in the 36.
