Miller adds CEO title for Albertsons-Safeway
BOISE, Idaho – Robert Miller, executive chairman of the parent company of Albertsons and Safeway, has assumed the additional role of chief executive officer.
Business
Walgreens Boots Alliance posts gains for 2Q
In the first financial report since its formation at the close of 2014, Walgreens Boots Alliance Inc. recorded earnings per share for the fiscal 2015 second quarter that exceeded analysts’ forecasts.
Ex-Duane Reade CEO joins Walgreens Boots Alliance board
Former Duane Reade chairman and chief executive officer John Lederer has been elected to the Walgreens Boots Alliance Inc. board of directors. Lederer is currently president and CEO of US Foods, a Rosemont, Ill.-based foodservice distributor.
Rite Aid finishes fiscal year on a high note
A tax break added to healthy gains in earnings for the 2015 fourth quarter and fiscal year at Rite Aid Corp., which also saw a strong sales performance for both periods. Net income for the fourth quarter and full year were lifted by a reduction of the deferred tax asset valuation
Holiday retail sales lifted by late shopping surge
A late shopping rush on the weekend before Christmas helped put some twinkle in
October same-store sales climb at Rite Aid
CAMP HILL, Pa. – Increased prescription business lifted Rite Aid Corp.’s same-store sales to another strong gain in October. Rite Aid said Thursday that comparable-store sales for the four weeks ended Oct. 25 rose 5.5% year over year, up from September’s increase of 5.
Walgreens names activist investor to its board
Walgreen Co. has named activist investor Barry Rosenstein, founder and managing partner of hedge fund JANA Partners LLC, to its board of directors.
Katz sells two business units to McKesson
Katz Group Canada has signed an agreement to sell Drug Trading Co., its banner pharmacy business, and Medicine Shoppe Canada, its franchise pharmacy business, to McKesson Corp. for about $920 million. As part of the transaction McKesson is entering into other ancillary agreements with Katz Group.
Shoppers Drug Mart names new chief executive
After a seven-month search, Shoppers Drug Mart Corp. has appointed Domenic Pilla as president and chief executive officer. Canada’s largest drug store chain said late Monday that Pilla, who most recently was president of McKesson Canada, will take the helm as CEO on Nov. 1.
Walgreens to buy drugstore.com for $409M
In a move to expand its e-commerce business and expertise, Walgreen Co. plans to acquire drugstore.com in a deal valued at $409 million. Walgreens said Thursday that under the agreement, it will acquire the drugstore.
Shoppers Drug Mart CEO plans to resign
Jürgen Schreiber, president and chief executive officer of Shoppers Drug Mart Corp., is slated to resign next month, and the company has begun a search for his replacement. Shoppers Drug Mart said Thursday that plans call for Schreiber, who’s also a board director, to leave the company on Feb. 15.
Walgreens to acquire Duane Reade
Walgreen Co. plans to buy metropolitan New York drug chain Duane Reade in a deal valued at nearly $1.1 billion.