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January 30, 2015

TOP STORY

FTC approves Safeway merger

The Federal Trade Commission on Tuesday cleared the $9.4 billion buyout of Safeway Inc., the nation’s second-largest supermarket chain, by an investment group led by private equity firm Cerberus Capital Management LP.

Cerberus plans to merge Safeway with its other grocery store assets operating under 16 banners, including Albertsons.

 

RETAIL NEWS BREAKS

Search engine marketing leverages Super Bowl

Super Bowl XLIX has yet to kick off, but Walmart has already struck pay dirt with its savvy use of search engine marketing to drive sales of the snack items millions of Americans will consume during the broadcast of the big game.

Rite Aid to add $90 million distribution center

Rite Aid Corp. plans to construct a new distribution center in Spartanburg, S.C., which will be the drug chain's first new facility in 15 years.

Sears Canada names Boire president and CEO

Sears Canada Inc. has chosen Ronald Boire to serve as president and chief executive officer.

Rite Aid names group VP of real estate

Ray Payne, vice president of real estate for the West Coast at Rite Aid Corp., has been promoted to group vice president of real estate.

Bi-Lo chooses Australian retail vet as new CEO

Bi-Lo Holdings LLC has named Ian McLeod president and chief executive officer, effective March 2.

Family Dollar shareholders approve Dollar Tree deal

Family Dollar Stores Inc. shareholders on Thursday approved the proposed sale of the company to Dollar Tree Inc.

Walmart announces round of executive changes

Walmart executive vice president of sales innovation John Aden is leaving the company to pursue other interests.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

NJOY taps former Pfizer exec as president, CEO

The e-cigarette and vaping products supplier NJOY has tapped Paul Sturman to serve as its president and chief executive officer.

ECRM Data launches enhanced website

ECRM says it has enhanced its data and analytics website (www.ECRMData.com) with added functionality and increased retail coverage.

New role for David Taylor at P&G

In a senior-level reorganization aimed at "improving strategies," Procter & Gamble Co. (P&G) this week expanded the role of David Taylor and placed him in charge of the company’s global beauty business.

NO-AD adds antiaging products to skin care line

Sun & Skin Care Research LLC (SSCR) is set for the national retail rollout in March of its first antiaging body lotion and spray under the company's NO-AD Skin Care brand.

Former Del Labs CEO Dan Wassong dies

Dan Wassong, who led the cosmetics and over-the-counter drug maker Del Laboratories Inc. as chairman, president and chief executive officer until 2004, died on January 1. He was 84.

Kraft Foods Group names John Cahill CEO

Kraft Foods Group Inc. has named John Cahill, chairman of the board of directors, to the additional position of chief executive officer.

Merck to buy antibiotics leader for $8.4 billion

Merck & Co. said Monday it will acquire Cubist Pharmaceuticals Inc. for $8.4 billion. The transaction will include $1.1 billion in net debt (based on projected cash balances) and other considerations for a total transaction value of about $9.5 billion.

More Supplier News Breaks >>
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