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Inside This Issue - News

Platform for growth

The leaders of Walgreen Co. and Alliance Boots PLC envision a combined company that, by 2016, has: annual sales of $130 billion or more, adjusted operating income of between $9 billion and $9.5 billion, savings from synergies totaling $1 billion, and an operating cash flow of $8 billion or more.

Magnacca new CEO at RadioShack

Joe Magnacca has left Walgreen Co. to become chief executive officer at RadioShack Corp.

Harris Teeter weighs bids for company

Harris Teeter Supermarkets Inc. has broken its long-standing policy of not commenting on rumors to confirm reports that it has retained J.P. Morgan Securities LLC to help it explore two recent offers to buy the company.

Payroll tax hike takes toll on January sales

Retail sales limped ahead last month as consumers adjusted their spending in response to the increase in payroll taxes and rise in gasoline and energy prices.

Deal takes CVS beyond the U.S.

CVS Caremark Corp. has acquired the Brazilian drug chain Drogaria Onofre.

Meijer to invest in store remodeling

Meijer Inc. will spend more than $160 million this year to remodel and open stores.

‘Dream team’ to launch major discount venture

Five discount retail veterans have united to create a wholesale, retail and ­e-commerce venture.

Jurgens is honored by FMI

Ric Jur­gens, who retired last year as chairman and chief executive officer of Hy-Vee Inc., has received the Food Marketing Institute’s (FMI’s) most prestigious honor, the Sidney R. Rabb Award.

Shopping remade

Consumers have drastically changed their approach to shopping over the past decade. They combine online and offline planning with in-store visits to make more informed and cost-effective purchasing decisions.