Dollar Tree names new COO
Michael Witynski has been appointed chief operating officer at Dollar Tree Inc.
Business
Reports: A&P mulling bankruptcy filing
MONTVALE, N.J. – A&P may be on the verge of filing for bankruptcy protection, possibly as early as this week, according to published reports.
CVS, Walgreens take part in youth jobs coalition
CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people.
Industry mourns passing of Jack Futterman, former Pathmark CEO
Jack Futterman, former chairman and chief executive officer of Pathmark Stores and a former chairman of the National Association of Chain Drug Stores, died Monday at age 82.
Fred’s enlists A.T. Kearney to spur Rx business
Fred’s Inc. has retained global management consulting firm A.T. Kearney to help the retailer grow its pharmacy business. In reporting June sales on Thursday, the discount store chain noted that its expanded specialty pharmacy operation were a key driver of revenue growth for the month.
P&G to merge 43 beauty brands with Coty
Procter & Gamble Co. has signed a definitive agreement to merge 43 of its beauty care brands with Coty Inc. The companies said Thursday that the $12.
Pessina named CEO of Walgreens Boots Alliance
Walgreens Boots Alliance Inc. announced executive vice chairman Stefano Pessina as its permanent chief executive officer in reporting increased sales and earnings for its fiscal 2015 third quarter. The company said Thursday that its board of directors appointed Pessina as CEO, effective immediately.
Jean Coutu Group tallies sales gains in 1Q
Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.
Dollar Tree closes Family Dollar acquisition
Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.
Cardinal Health wraps up purchase of Harvard Drug
Cardinal Health Inc. has closed its $1.115 billion acquisition of pharmaceutical distributor Harvard Drug Group.
Walmart alters supplier terms
Walmart will begin charging most of its suppliers new fees for stocking their products in new stores and for storing them in its warehouses.
Target’s chief merchant to step down
MINNEAPOLIS – Kathee Tesija, executive vice president and chief merchandising and supply chain officer at Target Corp., will move into an advisory role effective July 6.
Rite Aid closes acquisition of EnvisionRx
Rite Aid Corp. has finalized its acquisition of pharmacy benefit management company Envision Pharmaceutical Services. The closing of the deal, valued at about $2 billion, came early in the timetable that Rite Aid initially reported.
Ahold, Delhaize plan to merge
International food retailers Delhaize Group and Koninklijke Ahold N.V. plan to merge, forming a new company called Ahold Delhaize. The companies said Wednesday that the agreement, being enacted through a merger of equals of Delhaize into Ahold, will create a food retailing giant with more than 6,500
CVS Health hires chief marketing officer
Norman de Greve has been named as chief marketing officer at CVS Health. CVS said Tuesday that de Greve, president of the Boston and Detroit offices of marketing and technology agency DigitasLBi, is slated to start in the new post on July 15. In the role, de Greve will oversee marketing strategy
McKesson appoints new CIO
Kathy McElligott is joining McKesson Corp. as executive vice president, chief information officer and chief technology officer. McKesson said Monday that McElligott, currently CIO at technology and engineering company Emerson, will start in the new post on July 20.