Walgreens to eliminate 370 corporate jobs
Walgreens plans to cut 370 corporate-level jobs as part of ongoing restructuring and cost reduction efforts.
Business
CVS Health closes Omnicare acquisition
CVS Health has finalized its $12.9 billion acquisition of Omnicare, a leading provider of pharmacy services to long-term care facilities.
Exec returns to Dollar General as chief merchant
James Thorpe has rejoined Dollar General Corp. as executive vice president and chief merchandising officer. The dollar store chain said Friday that Thorpe succeeds David D’Arezzo, who left the company on Aug. 6.
Bartell Drugs appoints marketing VP
Steven Frestedt has been promoted to vice president of marketing at Bartell Drugs. The Puget Sound, Wash.-area drug chain said Wednesday that Frestedt supervise marketing initiatives for the retailer’s 64 stores in King, Pierce and Snohomish counties.
CVS Health tallies 2Q sales, earnings gains
CVS Health saw sales climb in the second quarter and posted adjusted earnings per share in line with Wall Street’s forecast, despite the impact of costs from its pending Omnicare and Target pharmacy acquisitions. CVS said Tuesday that for the three months ended June 30, total sales rose 7.4% to $37.
Walgreens Boots Alliance hires chief accounting officer
Kimberly Scardino has joined Walgreens Boots Alliance Inc. as senior vice president, global controller and chief accounting officer. Walgreens Boots Alliance said late Monday that Scardino comes to the company from American Express Co.
Rite Aid names Martindale as CEO of stores
In a reorganization of key leadership, Rite Aid Corp. has promoted president and chief operating officer Ken Martindale to the newly created position of chief executive officer of Rite Aid stores.
Same-store sales edge up in July at Rite Aid
Comparable pharmacy sales growth more than offset flat front-end results to lift Rite Aid Corp.’s same-store sales for July. Rite Aid said Thursday that for the four weeks ended July 25, comparable-store sales rose 2.4% year over year, matching the comp-store growth posted in June.
P&G names Taylor as next CEO
David Taylor, Procter & Gamble Co.’s group president of global beauty, grooming and health care, has been chosen to succeed A.G. Lafley as the company’s president and chief executive officer. P&G said late Tuesday that Taylor is slated to take the helm as CEO on Nov.
NACDS: Total Store Expo exhibit space sold out
Exhibit space for the 2015 NACDS Total Store Expo has sold out, a month before the annual chain drug industry event kicks off in Denver.
Sales edge up in 2Q at Shoppers Drug Mart
Shoppers Drug Mart saw revenue and same-store sales climb in the fiscal 2015 second quarter at parent Loblaw Cos. Loblaw said Thursday that for the 12 weeks ended June 20, Shoppers Drug Mart’s sales totaled $2.689 billion, up 3.1% from $2.476 billion a year earlier. In the front end, sales rose 3.2%
Benzer Pharmacy readies new store openings
Benzer Pharmacy is extending its reach in Florida with plans to open six new stores across the Tampa Bay area.
Stop & Shop, Acme to buy A&P stores
Stop & Shop Supermarket Co. LLC and Acme Markets have agreed to buy stores from A&P, which earlier today announced it was filing for Chapter 11 bankruptcy protection and plans to sell off stores. Stop & Shop, part of Ahold USA, said Monday that it plans to acquire 25 A&P stores in
With Chapter 11 filing, A&P to sell off stores
A&P has filed for bankruptcy, the second time in five years that the food and drug retailer has sought Chapter 11 protection. The supermarket operator said Monday that it has executed asset purchase agreements for about 120 stores at a price of roughly $600 million.
Marketing veteran joins Hershey as CMO
Hershey Co. has hired Capital One Financial Corp. executive Peter Horst as senior vice president and chief marketing officer. Hershey said Thursday that Horst will start at the company on July 27. At Capital One Financial, Horst most recently was senior vice president of brand marketing.
Rite Aid promotes procurement executive
Frank Ho has been promoted to vice president of indirect procurement at Rite Aid Corp.