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Inside This Issue - News
As more and more Americans grapple with health issues, many related to spiralling rates of obesity, an opportunity has emerged for supermarkets to become the first resource for consumers who wish to take charge of their health and wellness. In what is seen as an effort to get its core domestic business back on track, Walmart has shaken up the leadership of its discount store business in the United States. Who could have foretold just six weeks ago, when Walmart convened its shareholders’ meeting — that annual rite of spring designed to celebrate the past, predict a future of unlimited possibilities, and recognize the accomplishments of its vast network of stores and people — that the event would presage the biggest management upheaval since Sam Walton announced, some 30 years ago, that Jack Shewmaker and David Glass would switch jobs and responsibilities? After Walgreen Co. and CVS Caremark Corp. settled their battle over prescription reimbursement rates last month, executives from each company said the deal benefits the chains and their patients. Rite Aid Corp. has promoted senior executive vice president of merchandising, marketing and logistics Ken Martindale to chief operating officer. Private equity firm Leonard Green & Partners is considering buying out BJ’s Wholesale Club Inc.
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