Inside This Issue - News
Severe weather that hammered retail sales in January has continued to pound much of the eastern United States during February, putting a chill on hopes for a quick rebound.
Retail sales in the United States will increase by 4.1% in 2014, up from last year’s preliminary rise of 3.7%, the National Retail Federation (NRF) said in an economic forecast. Online sales are predicted to grow by between 9% and 12%.
CVS Caremark Corp. will end the sale of cigarettes and other tobacco products through its CVS/pharmacy outlets nationwide by October 1.
Weis Markets Inc. has named interim chief executive officer Jonathan Weis as the company’s president and CEO.
Rite Aid Corp. has expanded its distribution contract with McKesson Corp. to include generic drugs. The agreement, announced February 18, also extends the contract through March 2019.
Sobeys Inc. said it has signed deals worth about $430 million to sell 30 grocery stores in western Canada to satisfy regulatory conditions attached to its purchase last year of Canada Safeway.
Sears Holdings Corp. has named Mark Panzer president of pharmacy with responsibility for Kmart’s in-store and online prescription business. Panzer, 57, had been president and chief executive officer of 24-unit Pharmaca Integrative Pharmacy.
Wholesale grocery distributor Supervalu Inc. is consolidating its trade shows into a single exposition, set for next summer in St. Paul, Minn.