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Inside This Issue - News
An executive leadership transition has positioned Family Dollar Stores Inc. for its next wave of growth. Target Corp.’s chief marketing officer position is vacant following the departure of Michael Francis, who left to become president of J.C. Penney Co. Walmart announced on September 28 the promotion of the two most senior executives of Walmart Canada to new positions. Walmart’s flagship U.S. division has recorded three consecutive months of improved same-store sales. 99¢ Only Stores has agreed to be acquired for about $1.6 billion by the private equity firm Ares Management LLC and the Canada Pension Plan Investment Board. Shoppers Drug Mart Corp. (SDM) has appointed Domenic Pilla to serve as president, chief executive officer and a director of the company, effective November 1. Walgreen Co. has added two executives to its pharmacy, health and wellness division’s leadership team. Sofia Vergara, one of the stars of the hit TV comedy “Modern Family,” has launched a collection of apparel and accessories available exclusively at Kmart. Rite Aid Corp. is launching a program that promises to provide information and special deals to people with diabetes.
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