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CVS’ Helena Foulkes named Hudson’s Bay CEO

CVS’ Helena Foulkes named Hudson’s Bay CEO

CVS Health executive Helena Foulkes is joining department store retailer Hudson’s Bay Co. (HBC), operator of Lord & Taylor and Saks Fifth Avenue, as chief executive officer. HBC said Monday that Foulkes is slated to begin in the new role on Feb. 19. At CVS, she currently serves as a corporate

Fred’s names successor to departing CFO

Fred’s names successor to departing CFO

Joseph Anto has joined Fred’s Inc. as executive vice president and chief financial officer, taking over from Jason Jenne, who is leaving the company. Anto comes to Fred’s from newspaper company MediaNews Group Inc. (DigitalFirst Media), where he was senior vice president of strategy and M&A.

Metro completes Jean Coutu acquisition financing

Metro completes Jean Coutu acquisition financing

Metro Inc. has wrapped up financing for its $4.5 billion (Canadian) deal to acquire the Jean Coutu Group. The Canadian food and drug retailer updated the status of the Jean Coutu acquisition on Tuesday in reporting its fiscal 2018 first-quarter results. Metro said sales rose 4.

Study: Consumers migrating to online grocery shopping

Study: Consumers migrating to online grocery shopping

Within five to seven years, 70% of U.S. consumers will be doing at least some of their grocery shopping online, according to research findings released by the Food Marketing Institute and Nielsen at the FMI’s Midwinter Conference here.

Bartell Drugs hires Adam Wampler to lead operations

Bartell Drugs hires Adam Wampler to lead operations

Former Albertsons Cos. and Safeway executive Adam Wampler has joined Bartell Drugs as senior vice president of operations. The Puget Sound-area drug chain said Monday that Wampler most recently served as senior vice president of operations for Northern California at Albertsons.

Albertsons data-driven media platform to help brands

Albertsons data-driven media platform to help brands

Albertsons Cos. has launched Albertsons Performance Media, a digital media tool for providing brands with proprietary shopper data. The food and drug retailer said the solution can help drive sales across the its network of about 2,300 stores in 35 states.

Rite Aid fine-tunes category management team

Rite Aid fine-tunes category management team

Rite Aid Corp. is making changes in its category management team as it proceeds with an asset sale in which more than 40% of its drug stores will be transferred to Walgreens Boots Alliance (WBA).