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Issue 09-05-2011

CVS taps former Macy’s exec

WOONSOCKET, R.I. — CVS Caremark Corp. has enlisted a retail operations veteran to head the nation’s second-largest drug store business. CVS Caremark Corp. has enlisted a retail operations veteran to head the nation’s second-largest drug store business. Mark Cosby, who was formerly president of stores at Macy’s Inc., has been named president of CVS/pharmacy. Plans

Discounters find ways to thrive

NEW YORK — Every day seems to bring another report of plunging consumer confidence, the spectre of a double-dip recession is looming, and the financial markets continue to fluctuate almost ­hysterically. Every day seems to bring another report of plunging consumer confidence, the spectre of a double-dip recession is looming, and the financial markets continue

Meijer takes wraps off new format

MELROSE PARK, Ill. — Meijer Inc. has unveiled its newest store concept, Meijer Marketplace, in this Chicago suburb. At 90,000 square feet, the outlet represents a smaller version of the Meijer supercenter, which typically measures nearly 200,000 square feet. Meijer Inc. has unveiled its newest store concept, Meijer Marketplace, in this Chicago suburb. At 90,000

Kmart sees lackluster sales results

HOFFMAN ESTATES, Ill. — Kmart turned in a flat sales performance for the second quarter. Kmart turned in a flat sales performance for the second quarter. The discount store chain, part of Sears Holdings Corp., posted total revenue of just over $3.62 billion for the quarter ended July 30, compared with $3.63 billion in the

SaveRite stores to be rebranded

JACKSONVILLE, Fla. — Winn-Dixie Stores Inc. has decided to pull the plug on SaveRite, its discount grocery format, and convert the six stores in two states to the Winn-Dixie name. Winn-Dixie Stores Inc. has decided to pull the plug on SaveRite, its discount grocery format, and convert the six stores in two states to the

GMDC hones winning formula

COLORADO SPRINGS, Colo. — The Global Market Development Center (GMDC) enjoys a unique position as the sole trade association that is entirely focused on fostering the general merchandise and health, beauty and wellness businesses of its members. The Global Market Development Center (GMDC) enjoys a unique position as the sole trade association that is entirely

NEW celebrates 10th anniversary

CHICAGO — This year marks the 10th anniversary of the Network of Executive Women (NEW), and the group is celebrating the milestone with a host of activities designed to advance women and diversity in the consumer products and retail industries while raising awareness of NEW. This year marks the 10th anniversary of the Network of

ECRM faces tough questions

In the immediate aftermath of the sudden and devastatingly heartbreaking death of Charlie Bowlus, ECRM’s founder and guiding force, the mass retailing industry was forced to confront a future with a vastly reordered and possibly diminished trade group. In the immediate aftermath of the sudden and devastatingly heartbreaking death of Charlie Bowlus, ECRM’s founder and

CVS looking to Cosby as source of new ideas

On the surface at least, the appointment of Mark Cosby to head CVS Caremark’s drug store business comes as something of a surprise. The former Macy’s executive has extensive experience in retailing, but none of it relates to community pharmacy. On the surface at least, the appointment of Mark Cosby to head CVS Caremark’s drug