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LEADING HEADLINES

Fred’s creates pharmacy COO post

Fred’s creates pharmacy COO post

MEMPHIS, Tenn. — Timothy Liebmann has been promoted to chief operating officer of pharmacy, a newly created position, at Fred’s Inc. Fred’s said late Thursday that Liebmann succeeds Rick Chambers, executive vice president of pharmacy operations, who is retiring. Liebmann joined Fred’s in June as

Walmart exceeds Q2 earnings expectations

Walmart exceeds Q2 earnings expectations

BENTONVILLE, Ark. — Walmart said on Thursday that it earned $1.07 a share in the fiscal second quarter, slightly lower than the profit of $1.08 a share in the same period a year ago. Analysts on average were expecting $1.02. Revenue grew 0.5% to $120.8

Fred’s appoints Gardner chief merchant

Fred’s appoints Gardner chief merchant

MEMPHIS, Tenn. — Bryan Pugh has resigned as chief merchant at Fred’s Inc. and has been replaced by Mary Lou Gardner. Fred’s said late Tuesday that Gardner takes over Pugh’s role as executive vice president and chief merchandising and marketing officer effective immediately. She has

Target shows lower Q2 revenue, profit

Target shows lower Q2 revenue, profit

MINNEAPOLIS — Target Corp. on Wednesday reported adjusted earnings per share of $1.23 in its second quarter, well above analysts’ projections of $1.13, on revenue of nearly $16.2 billion, which was in line with expectations. Profit declined 9.7% from the prior-year period, on revenue that

Dollar General opens its 13,000th store

Dollar General opens its 13,000th store

GOODLETTSVILLE, Tenn. — Dollar General Corp. celebrated the grand opening of its 13,000th store on Saturday. The event, held in Birmingham, Ala., was attended by hundreds of customers and community leaders. The first 200 adult customers to arrive at the event received $10 gift cards,

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RETAIL NEWS

Target is flexible on store size

MINNEAPOLIS — Target’s flexible approach to store size and format is evident from the company’s most recently announced store location, which is scheduled to open in 2018 in Manhattan’s East Village neighborhood. According to Target’s web site, the store will have about 27,000 square feet

CVS unveils its own mobile payment solution

WOONSOCKET, R.I. — CVS Health is piloting its own mobile payment tool called CVS Pay, designed to expedite the checkout process. CVS said Thursday that CVS Pay, part of the CVS Pharmacy mobile app, is an end-to-end solution that integrates payment, prescription pickup and the

Most back-to-school shopping will be in stores

CHICAGO — Brick-and-mortar stores will remain the leading destination for back-to-school shoppers this year, according to a new report by A.T. Kearney. “Although online retail sales continue to increase, 57% of our survey respondents plan to make purchases in stores,” said Joel Alden, a partner at

McKesson Canada president leaves for new job

TORONTO — McKesson Canada president Alain Champagne is leaving the company to join sales training and development firm Optimé International as a partner and chief executive officer. Plans call for Champagne to take over as Optimé CEO effective Sept. 1. He will operate out of

Preston Mosier to head Target fulfillment

MINNEAPOLIS — Target Corp. named Preston Mosier senior vice president of fulfillment operations. He will oversee the company’s direct-to-consumer fulfillment centers, as well as the process improvement, customer experience and product management functions related to direct fulfillment. He will report to  executive vice president and

SUPPLIER NEWS

ECRM introduces prestige beauty session

SOLON, Ohio — Efficient Collaborative Retail Marketing (ECRM) has launched the Prestige Cosmetics & Beauty Care Efficient Program Planning Session (EPPS). ECRM said that the new EPPS focuses on prestige, masstige and indie cosmetics, fragrance and beauty brands and was developed to connect suppliers in

Carmex debuts first natural lip balm

FRANKLIN, Wis. — Carma Laboratories Inc. has expanded its lip care lineup with Carmex Comfort Care Lip Balm. Rolling out this month to Walgreens, CVS Pharmacy, Walmart, Target, Kroger and other retailers nationwide, the new lip balm line lip is formulated with natural colloidal oatmeal

Mondelez to license Cadbury biscuits brand

DEERFIELD, Ill. — Mondelēz International on Friday announced an agreement to purchase from Burton’s Biscuit Co. a license to manufacture, market and sell Cadbury-branded biscuits around the world, including in the UK, France, Ireland, North America and Saudi Arabia. The deal is subject to regulatory

NACDS announces TSE Product Showcase winners

BOSTON — The National Association of Chain Drug Stores has announced winners in 10 categories in this year’s NACDS Total Store Expo Product Showcase. The Showcase is designed to provide increased visibility for suppliers to market their products to retailers, NACDS said. Categories range from

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