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Big retailers to create mobile payment system

CVS Caremark Corp. is part of a group of more than a dozen big retailers that have joined forces to develop a way for customers to use their smartphones to pay for purchases and receive customized offers. The retailers have jointly formed a new company called Merchant Customer Exchange (MCX).

Retail sales take a turn for the better

Retail sales rose in July for the first time in four months, according to the Commerce Department, and a survey of importers and manufacturers found them upbeat about the upcoming fall and winter shopping season. Retail sales in July were up 0.8% over June, and 4.1% over July 2011, according to the

Lewis Drug reaches major milestone

Lewis Drugs, one of America’s most successfully innovative drug chains, is celebrating its 70th anniversary. The first Lewis drug store — the first self-service drug store to open its doors in the Upper Midwest — rang up its first sale in February 1942 in downtown Sioux Falls. Today, 32 drug stores

Walgreens tabs new chairman

Walgreen Co. has tapped former McDonald’s Inc. chief executive officer James Skinner to serve as its new nonexecutive chairman. Skinner, who has served on Walgreens’ board of directors since 2005, succeeds Alan McNally in that post.

Rx technician’s job proves difficult to find

For most of her 62 years, Deborah Klein has lived a relatively comfortable life. She raised two children, held down a career and considered herself a productive member of society. But in 2005, her fortunes began to change. She was laid off from her $80,000-a-year job but managed to find a series