Inside This Issue - News
Food Marketing Institute president and chief executive officer Leslie Sarasin compared the change occurring in the relationship between supermarket retailers and their customers to what happened to mankind’s view of its place in the universe when Nicolaus Copernicus developed the theory that the Earth revolves around the sun, rather than the other way around.
Safeway Inc. president Robert Edwards will succeed outgoing chief executive officer Steve Burd on May 14.
Tesco PLC’s abandonment of its Fresh & Easy chain in the United States will cost the chain more than $1.8 billion. The total includes $263 million in operating loss and about $1.56 billion in noncash items.
David Campisi, a 30-year retailing veteran who most recently headed an apparel company, has been named president and chief executive officer of Big Lots Inc.
The influx of new generic drugs hoisted earnings but tempered sales growth in the first quarter at CVS Caremark Corp.
Former Supervalu Inc. executive Peter Van Helden has been named president and chief operating officer at Stater Bros. Markets. He succeeds Jim Lee, who will retire next month.
Walgreen Co. debuted its latest flagship store here late last month.
Community pharmacy has to continue to work to shape public policy to improve patient outcomes, executives at the National Association of Chain Drug Stores and members of its board of directors stressed at the association’s Annual Meeting here last month.
Shopko Stores Operating Co. has appointed Michael Cooper to the position of senior vice president of marketing. He reports to Jill Soltau, president and chief merchandising officer.
Supervalu Inc. has named Rite Aid Corp. chairman, president and chief executive officer John Standley to its board of directors.
FreshDirect, an online retailer of grocery and fresh food, will expand its service to customers in 90 ZIP codes in New York, New Jersey and Pennsylvania.