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Inside This Issue - News

Walgreens promotes Magnacca

Walgreen Co. has appointed Joseph ­Magnacca to the new position of president of daily living products and solutions. Magnacca had been president of Duane Reade, a position he had taken after the New York-based chain was acquired by Walgreens in April 2010.

Walmart gears up for smaller stores

Walmart will open hundreds of smaller-format stores over the next three years, Bill Simon, president and chief executive officer of U.S. stores, said at an investors conference here this month.

Family Dollar nixes buyout

Family Dollar Stores Inc. has rejected a buyout offer from investor Nelson Peltz’s Trian Fund and adopted a “poison pill” to deflect further unsolicited offers.

Tesco’s Leahy steps down on a high note

Two seminal events will be remembered when retail historians look back on the spring of 2011.

Fresh & Easy enters the Bay Area

Fresh & Easy Neighborhood Market has opened its first store in this California community, a development that, with another recent opening in Danville, marks the company’s entry into Northern California.

99¢ Only Stores weighs buyout

The founding families behind 99¢ Only Stores have approached the board of directors about taking the company private.

Growth will have to be earned by retailers

The economic outlook for retailers in the United States and Europe is getting better, a new report from Kantar Retail suggests, but that alone will provide very little momentum for strong sales growth.