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August 04, 2015

TOP STORY

Rite Aid names Martindale as CEO of stores

Ken Martindale

In a reorganization of key leadership, Rite Aid Corp. has promoted president and chief operating officer Ken Martindale to the newly created position of chief executive officer of Rite Aid stores.

The drug chain said that Martindale takes the new post effective immediately and will continue to report to John Standley, Rite Aid’s chairman and CEO.

 

RETAIL NEWS BREAKS

P&G names David Taylor as CEO

David Taylor, Procter & Gamble Co.’s group president of global beauty, grooming and health care, has been chosen to succeed A.G. Lafley as the company’s president and chief executive officer on November 1, at which point Lafley will become executive chairman.

Supervalu mulls spin-off of Save-A-Lot chain

Supervalu Inc. said Tuesday that it is considering a spin-off of its Save-A-Lot discount grocery chain into a separate, publicly traded company.

NRF cuts 2015 sales growth forecast

The National Retail Federation (NRF) lowered its retail sales forecast for 2015, citing unexpectedly slow growth in the first half of the year, similar to the industry’s experience in 2014.

Walmart adds fulfillment center for online orders

Walmart opened a new fulfillment center here that is dedicated to filling online orders. The 1.2 million-square-foot facility is part of a next-generation network devoted to supporting the company’s rapidly growing e-commerce business.

GPhA tabs Davis as new CEO

Chester "Chip" Davis has been named president and chief executive officer of the Generic Pharmaceutical Association (GPhA), taking over from Ralph Neas, who is stepping down.

Stop & Shop, Acme to acquire A&P stores

Stop & Shop Supermarket Co. LLC and Acme Markets have agreed to buy stores from A&P, which earlier today announced it was filing for Chapter 11 bankruptcy protection and plans to sell off stores.

A&P to sell stores with Chapter 11 filing

A&P has filed for bankruptcy, the second time in five years that it has sought Chapter 11 protection.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Mars releases new M&M's TV commercial

Mars Chocolate North America has released a new TV ad titled "Eating in Bed" that takes a humorous look at a married couple's argument over eating M&M'S candies in the bedroom.

Teva to buy Allergan Generics for $40.5 billion

Teva Pharmaceutical Industries Ltd. plans to buy Allergan’s generic drug business for about $40.5 billion and, with the deal, has withdrawn its proposal to acquire Mylan N.V. for approximately $40 billion.

Markwins names Rogers as Physicians Formula president

Jeff Rogers has been appointed as president of the Physicians Formula Group at Markwins International Corp.

Nestle opens new research and development center

Nestlé has opened a new Nestlé Research and Development Center here, marking the end of a $50 million, two-year project to establish a global center “dedicated to transforming the way the world enjoys frozen and chilled foods,” the company stated.

Gallo agrees to purchase Asti Winery

E.&J. Gallo Winery has agreed to purchase the Asti Winery, one of Sonoma County’s oldest and largest wineries.

Yes To tabs Jackel as CEO

Ingrid Jackel is joining natural beauty care manufacturer Yes To Inc. as chief executive officer.

Caltrate adds 3-in-1 Bone & Joint Health supplement

Pfizer Consumer Healthcare has rolled out Caltrate Bone & Joint Health, described as a triple-action supplement to promote bone health.

More Supplier News Breaks >>
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