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Retail News Breaks Archives

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Week of Mon, Jul 21st, 2014

Rite Aid taps Roundy's exec as new CFO

Rite Aid Corp. has named a new chief financial officer to succeed Frank Vitrano, who plans to retire next year.

Crawford to retire as Walgreens pharmacy president

Kermit Crawford, president of pharmacy, health and wellness at Walgreen Co., plans to retire at the end of the year to pursue new opportunities.

Foran to lead Walmart U.S.

A change at the top of Walmart U.S. is under way. Thursday morning Walmart announced that Greg Foran has been promoted to president and chief executive officer of its domestic operations. Foran succeeds Bill Simon, who will be leaving the company.

Loblaw to sell some stores to Coutu and Metro

In line with regulatory approval of its acquisition of Shoppers Drug Mart Corp., Loblaw Cos. plans to sell two Shoppers Drug Mart drug stores to Jean Coutu Group and two No Frills supermarkets to Metro Inc.

Philip Clarke to depart as Tesco’s CEO

Tesco PLC is replacing Philip Clarke after three years at the helm of the United Kingdom’s largest supermarket chain, following another profit warning.