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September 01, 2014


Fred's expedites move to pharmacy-led model

Fred's Inc. is accelerating its change into a convenience- and pharmacy-centric retailer amid intense competition in its core general merchandise market and a surge in pharmaceutical price inflation, particularly generic drugs.

In reporting second-quarter results Thursday, Fred's chief executive officer Bruce Efird said the discount GM chain plans to close 60 underperforming stores without pharmacies by the end of fiscal 2014. 



Dollar General earnings rise; still eyeing acquisition

Dollar General Corp. reported a 2% rise in second quarter earnings on Thursday as markdowns boosted store traffic. The retailer also reiterated its commitment to acquire rival Family Dollar Stores Inc.

Sears reports sales decline, net loss in quarter

Sears Holdings Corp. Thursday posted a wider fiscal second-quarter loss as sales declined for the 30th consecutive quarter.

Family Dollar rejects Dollar General's Bid

Family Dollar Stores Inc. rejected Dollar General Corp.'s $8.95 billion acquisition bid, arguing that antitrust concerns would likely prevent the deal from taking place in its current form.

Winn-Dixie owner cancels IPO

The owner of the Winn-Dixie and BI-LO supermarket chains has called off its plans for an initial public offering.

Target reports lower earnings in 2nd quarter

Target Corp. on Wednesday reported lower earnings in its second quarter, citing sluggish sales and ongoing struggles to recover from last year’s data breach and its Canadian rollout.

Dollar General bids for Family Dollar

Dollar General Corp. on Monday bid $8.95 billion for Family Dollar Stores Inc., topping Dollar Tree Inc.’s $8.5 billion offer.

Leadership changes at Walgreens

Walgreen Co., as part of a revised operational structure shuffling some executive responsibilities, has named Richard Ashworth president of retail and pharmacy operations.

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Pharmavite promotes Toll to CEO

Timothy Toll has been appointed chief executive officer at Pharmavite LLC.

Crossmark facility links Walmart and suppliers

More than 150 Walmart officials mingled with representatives from key suppliers at the July 10 grand opening of a state-of-the-art facility hailed as "a place where Walmart and suppliers can plan the future."

Unilever to sell Slim-Fast brand

Unilever is selling its Slim-Fast brand to Kainos Capital LLC, a Dallas-based private equity firm focused on acquiring and managing food and consumer brands.

Coty announces new organizational structure

Coty Inc. has revamped its organization to create a more integrated, consumer-focused business model.

GMDC honors Energizer's Martire

The Global Market Development Center presented the GMDC Lifetime Achievement Award this weekend to Lou Martire, vice president of trade development at Energizer Household Products, for his contributions to the industry.

Bayer to purchase Merck's consumer health business

Bayer AG is buying Merck & Co.’s consumer care for $14.2 billion. Under the agreement, Bayer will acquire Merck’s existing over-the-counter medications business, including the global trademark and prescription rights for Claritin and Afrin.

Mars invests in sustainable energy

Mars Inc. is partnering with Sumitomo Corp. of America to build a massive wind farm that will generate enough renewable energy credits to offset the energy use of Mars' entire U.S. operations, which involves 70 sites, including 37 factories.

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