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Issue 03-21-2011

Walgreens promotes Magnacca

DEERFIELD, Ill. — Walgreen Co. has appointed Joseph ­Magnacca to the new position of president of daily living products and solutions. Magnacca had been president of Duane Reade, a position he had taken after the New York-based chain was acquired by Walgreens in April 2010. Walgreen Co. has appointed Joseph ­Magnacca to the new position

Walmart gears up for smaller stores

NEW YORK — Walmart will open hundreds of smaller-format stores over the next three years, Bill Simon, president and chief executive officer of U.S. stores, said at an investors conference here this month. Walmart will open hundreds of smaller-format stores over the next three years, Bill Simon, president and chief executive officer of U.S. stores,

Family Dollar nixes buyout

MATTHEWS, N.C. — Family Dollar Stores Inc. has rejected a buyout offer from investor Nelson Peltz’s Trian Fund and adopted a “poison pill” to deflect further unsolicited offers. Family Dollar Stores Inc. has rejected a buyout offer from investor Nelson Peltz’s Trian Fund and adopted a “poison pill” to deflect further unsolicited offers. The retailer’s

Tesco’s Leahy steps down on a high note

CHESHUNT, England — Two seminal events will be remembered when retail historians look back on the spring of 2011. Two seminal events will be remembered when retail historians look back on the spring of 2011. They are the retirement of Tom Ryan, the amply and justly praised chief executive officer of CVS Caremark Corp., America’s

Fresh & Easy enters the Bay Area

SAN JOSE, Calif. — Fresh & Easy Neighborhood Market has opened its first store in this California community, a development that, with another recent opening in Danville, marks the company’s entry into Northern California. Fresh & Easy Neighborhood Market has opened its first store in this California community, a development that, with another recent opening

99¢ Only Stores weighs buyout

CITY OF COMMERCE, Calif. — The founding families behind 99¢ Only Stores have approached the board of directors about taking the company private. The founding families behind 99¢ Only Stores have approached the board of directors about taking the company private. The board stated that it has received a proposal from members of the Schiffer/Gold

Growth will have to be earned by retailers

NEW YORK — The economic outlook for retailers in the United States and Europe is getting better, a new report from Kantar Retail suggests, but that alone will provide very little momentum for strong sales growth. The economic outlook for retailers in the United States and Europe is getting better, a new report from Kantar

U.S. needs a healthy Walmart

Once upon a time in a galaxy far away, Sam Walton, in the midst of building the greatest retailing empire ever conceived, issued a set of guidelines that he hoped would help his associates as they climbed the path to retail supremacy. Once upon a time in a galaxy far away, Sam Walton, in the

Merlo begins building on Ryan legacy at CVS

Larry Merlo certainly has a tough act to follow. Larry Merlo certainly has a tough act to follow. As Tom Ryan’s successor as chief executive officer of CVS Caremark, Merlo’s work will be measured against that of one of the legendary figures in mass market retailing. During his 17 years at the company’s helm Ryan