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LEADING HEADLINES

Target names Pak chief strategy and innovation officer

Target names Pak chief strategy and innovation officer

MINNEAPOLIS — Target Corp. on Wednesday announced the appointment of Minsok Pak as executive vice president and chief strategy and innovation officer, effective September 11. Pak will oversee Target’s enterprise strategy development and retail innovation, and he will serve as a member of the retailer’s

NACDS names Total Store Expo Product Showcase winners

NACDS names Total Store Expo Product Showcase winners

SAN DIEGO – The National Association of Chain Drug Stores announced this year’s winners of the Product Showcase at the NACDS Total Store Expo. Participants in the Product Showcase had their products prominently displayed in glass cases just inside the entrance to the Total Store

Rite Aid adopts ECRM’s RangeMe platform

Rite Aid adopts ECRM’s RangeMe platform

SAN FRANCISCO — Rite Aid Corp. is enlisting the RangeMe online product discovery and buying platform for a major initiative to scale its product innovation efforts. San Francisco-based RangeMe, recently acquired by Efficient Collaborative Retail Marketing (ECRM), said Tuesday that its platform will enable Rite Aid’s category

Walmart, Kroger part of major food safety project

Walmart, Kroger part of major food safety project

ARMONK, N.Y. — Walmart and Kroger Co., two of the nation’s biggest retailers, are participating in a major blockchain collaboration with IBM Corp. and food companies to bolster consumer confidence in the global food system. IBM said Tuesday that is working with the consortium —

CVS to buy Fagen Pharmacy chain

CVS to buy Fagen Pharmacy chain

WOONSOCKET, R.I. — CVS Pharmacy plans to acquire DeMotte, Ind.-based regional drug chain Fagen Pharmacy. Financial terms of the deal weren’t disclosed. CVS said it agreed to buy 20 Fagen drug stores in northwest Indiana and northeast Illinois. Plans call for eight of the Fagen

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RETAIL NEWS

WBA, Rite Aid to reset waiting period for store deal

NEW YORK — Walgreens Boots Alliance Inc. and Rite Aid Corp. are rescheduling the waiting period for a downsized store sale agreement reached upon the termination of their planned merger. According filings with the Securities and Exchange Commission yesterday, WBA and Rite Aid agreed to

Walmart posts strong sales gains in Q2

BENTONVILLE, Ark. — Walmart on Thursday reported its 12th consecutive quarter of same-store sales gains at its U.S. stores. Comp sales for the second quarter rose 1.8% compared to a 1.6% increase in the same period of 2016. Comp sales at the Sam’s Club unit

Walmart’s McMillon admonishes Trump over Charlottesville

BENTONVILLE, Ark. — Walmart president and chief executive officer Doug McMillon has reprimanded President Donald Trump over his response to the violent protests in Charlottesville, Va. In a statement posted Tuesday on a Walmart website, McMillon wrote, “The role we play in communities around the

Publix names VP of omnichannel, application development

LAKELAND, Fla.— Publix Super Markets Inc. has named Erik Katenkamp vice president of omnichannel and application development. According to the company, Katenkamp has been instrumental in launching the Publix Delivery online shopping solution, including formalizing Publix’s collaboration with Instacart. In this role, he will focus

Costco taps Hamilton James as new chairman

ISSAQUAH, Wash. — Costco Wholesale Corp. on Friday announced that Hamilton (Tony) James has been elected company chairman. He replaces Costco co-founder Jeff Brotman, who died earlier this month. James is president and chief operating officer of the Blackstone Group L.P., and a member of the

SUPPLIER NEWS

Sofi Tucker Foundation supports Sierra Leone relief efforts

AMITYVILLE, N.Y. — Sundial Brands has announced that the Sofi Tucker Foundation, named in honor of Sundial founder and chief executive officer Richelieu Dennis’ grandmother, is making an unrestricted cash donation of $50,000 to its humanitarian relief partner Direct Relief, which is currently providing emergency

Nubian Heritage asks to ‘venture out’ into natural deodorant

AMITYVILLE, N.Y. — Sundial Brands Inc.’s Nubian Heritage skin care label is launching a national campaign to encourage people to switch from a synthetic to a natural deodorant. Dubbed “Venture Out,” the awareness and educational series spotlights Nubian Heritage 24-Hour Deodorants. The initiative leads off

Pharmavite names Jeff Boutelle as CEO

NORTHRIDGE, Calif. — Pharmavite LLC has named Jeff Boutelle as chief executive officer and a board member. The vitamins, minerals and dietary supplements maker said Boutelle replaces Noriko Tojo as chief executive. Plans call for Tojo to continue to serve as chairman of Pharmavite and

StubbyStrip, nkd Life Win Buyers Choice Awards

CHANDLER, Ariz. — StubbyStrip won the ECRM/MMR Buyers Choice Award for its 6-pack beverage carriers during ECRM’s Housewares, Household & General Merchandise EPPS, held here recently. nkd Life was a finalist with its water filtration bottle. The two companies were selected from dozens of entries

Coca-Cola Zero Sugar launches in U.S.

ATLANTA — Coca-Cola Co. is launching Coca-Cola Zero Sugar as the new and improved Coca-Cola Zero. New packaging, which will feature the iconic red Coca-Cola disc, hits store shelves nationwide in August, the company said. “More than 10 years ago, we launched Coca-Cola Zero with