Lewis Drug is getting ready to open its 50th store, which will mark a milestone for the regional pharmacy chain. The outlet, formerly an independent pharmacy, is located rural Clear Lake, S.D., and will get upgraded systems and a fresh look. The front end will get Lewis’ curated assortment of health
Mondelēz International has formed an e-commerce partnership with China-based Alibaba Group, the world’s largest online and mobile commerce company, to extend its reach into the Chinese market.
Boosted by its acquisition of EnvisionRx, Rite Aid Corp. saw sales rise for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share topping Wall Street estimates for both periods. Rite Aid said Thursday that for the fourth quarter ended Feb. 27, sales totaled $8.
Walgreens Boots Alliance (WBA) reported double-digit revenue growth for its fiscal 2016 second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. WBA said Tuesday that second-quarter sales climbed 13.6% to $30.18 billion from $26.57 billion a year earlier.
Former Walgreens finance executive Rick Hans has joined Fred’s Inc. as executive vice president and chief financial officer. Fred’s said late Monday that Hans fills the vacancy left when Jerry Shore, the retailer’s previous CFO, was promoted to chief executive officer in October 2014.
Former Walgreen Co. executive vice president and chief financial officer Wade Miquelon has joined Jo-Ann Fabric and Craft Stores, where he will hold the same title.
Beth Stiller, group vice president of global brands and sourcing at Walgreens, is leaving the company to join Massage Envy as chief commercial officer. Stiller will be responsible for leading services, retail, innovation and operations teams at Massage Envy, a Scottsdale, Ariz.
Colgate-Palmolive Co. executive Fabian Garcia is joining Revlon Inc. as president and chief executive officer. Revlon said Monday that Garcia is slated to take the CEO reins on April 15.
Over the next two years, Dollar General Corp. plans to open nearly 2,000 new stores. The deep discount chain said late Wednesday that about 900 new stores and 875 relocations/remodels are slated for the current 2016 fiscal year.
The same day that Fred’s Inc. reported fiscal 2015 results, the pharmacy and discount store retailer named a new chairman. Fred’s said Wednesday that Michael Hayes, 74, is slated to step down as chairman of the board of directors on April 15, to be succeeded by director Thomas Tashjian, 61.
Health and beauty aids industry veteran Ted Peterson, a former Consumer Healthcare Products Association (CHPA) executive, has formed CPG Linkages LLC, a business consulting firm.
J. Michael Pearson is slated to step down as chief executive officer of Valeant Pharmaceuticals International Inc., which has begun a search for a new CEO.
As part of a long-term partnership announced three years ago, Walgreens Boots Alliance (WBA) is enlarging its equity stake in AmerisourceBergen. WBA said Friday that it has exercised warrants to buy more than 22,696,912 shares of AmerisourceBergen common stock for about $1.17 billion.
Sir Andrew Witty, chief executive officer of GlaxoSmithKline plc, plans to retire from the company next year. GSK announced Witty’s retirement Thursday in releasing its 2015 annual report to shareholders. Plans call for Witty to step down from the CEO post on March 31, 2017.
To help propel its rapid growth, Benzer Pharmacy has formally launched its franchise model to draw independent pharmacies to its brand.
Shareholders of Koninklijke Ahold N.V. and Delhaize Group have voted to approve the proposed merger of the two retailers The global supermarket operators said Monday that the deal, pending regulatory approval, is expected to close later this year.
