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Issue 02-07-2011

Walmart ups ante

WASHINGTON — Walmart has unveiled a major initiative designed to make packaged food more healthful and healthier food more affordable to all consumers. Walmart has unveiled a major initiative designed to make packaged food more healthful and healthier food more affordable to all consumers. The program was developed with the participation of first lady Michelle

Walmart names chief merchant

BENTONVILLE, Ark. — Walmart has tapped Duncan Mac Naughton to serve as chief merchandising officer for U.S. stores. Walmart has tapped Duncan Mac Naughton to serve as chief merchandising officer for U.S. stores. Mac Naughton joined the company in 2009 as chief merchandising officer for Walmart Canada. He most recently served as executive vice president

CEO’s exit at SDM is a surprise

TORONTO — The resignation of Jürgen Schreiber as president and chief executive officer of Shoppers Drug Mart (SDM), announced late last month, caught the Canadian pharmacy community off guard. The resignation of Jürgen Schreiber as president and chief executive officer of Shoppers Drug Mart (SDM), announced late last month, caught the Canadian pharmacy community off

Target taps two for exec committee

MINNEAPOLIS — Target Corp. has added two executives to its executive committee and named a new president for its Canadian operations. Target Corp. has added two executives to its executive committee and named a new president for its Canadian operations. The new executive committee members are senior vice president of enterprise strategy and new business

Canada braces for Target entry

TORONTO — In a sampling of Canadian consumers, a majority seemed to react favorably to the news that Target Corp. would soon be assuming control of most of the existing Zellers Inc. stores. In a sampling of Canadian consumers, a majority seemed to react favorably to the news that Target Corp. would soon be assuming

CVS Caremark unveils timetable for succession

WOONSOCKET, R.I. — CVS Caremark Corp. president and chief operating officer Larry Merlo will take over as chief executive officer on March 1, the company said late last month. CVS Caremark Corp. president and chief operating officer Larry Merlo will take over as chief executive officer on March 1, the company said late last month.

Sears continues to bolster management ranks

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has made several recent changes within its executive ranks. Sears Holdings Corp. has made several recent changes within its executive ranks. In a major move, Sears Holdings has named 30-year retail veteran Lana Cain Krauter as president of its apparel division. Krauter previously worked for the company in

Organized retail crime takes toll

NEW YORK — Organized retail crime is not shoplifting but big business. Organized retail crime is not shoplifting but big business. "This is not a 16-year-old girl going into one of our stores after school and grabbing an eyeliner pencil, or a DVD a pair of jeans or a blouse," said Dennis Dansak, corporate manager

FMI makes itself more relevant

It’s becoming increasingly difficult to ignore the Food Marketing Institute. It’s becoming increasingly difficult to ignore the Food Marketing Institute. After years of wandering in the backwaters of the retail association world, long on misplaced and outdated reputation and woefully short on sustainable accomplishments, FMI has of late shown unmistakable signs of life. This metamorphosis

Move by Walmart will galvanize food sector

"With this announcement, the largest corporation in America is launching a new initiative that has the potential to transform the marketplace and to help American families put healthier food on their tables every day." "With this announcement, the largest corporation in America is launching a new initiative that has the potential to transform the marketplace