MATTHEWS, N.C. — An executive leadership transition has positioned Family Dollar Stores Inc. for its next wave of growth. An executive leadership transition has positioned Family Dollar Stores Inc. for its next wave of growth. The recently announced retirement of president and chief operating officer R. James Kelly after 15 years with the chain, and
MINNEAPOLIS — 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. 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. Francis, 48, had been responsible for all
MISSISSAUGA, Ontario — Walmart announced on September 28 the promotion of the two most senior executives of Walmart Canada to new positions. Walmart announced on September 28 the promotion of the two most senior executives of Walmart Canada to new positions. David Cheesewright, formerly president and chief executive officer of Walmart Canada, was named executive
BENTONVILLE, Ark. — Walmart’s flagship U.S. division has recorded three consecutive months of improved same-store sales. Walmart’s flagship U.S. division has recorded three consecutive months of improved same-store sales. The retailer intends to sustain its rebound with a $2 billion program to invest in lower prices over the next two years. Speaking to analysts at
CITY OF COMMERCE, Calif. — 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. 99¢ Only Stores has agreed to be acquired for about $1.6 billion by the private equity firm Ares Management LLC and the Canada
TORONTO — 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. 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. Pilla brings nearly
DEERFIELD, Ill. — Walgreen Co. has added two executives to its pharmacy, health and wellness division’s leadership team. Walgreen Co. has added two executives to its pharmacy, health and wellness division’s leadership team. Dr. Jeffrey Kang will join the company on October 31 as senior vice president of health and wellness services and solutions, reporting
HOFFMAN ESTATES, Ill. — 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. 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. "The
CAMP HILL, Pa. — Rite Aid Corp. is launching a program that promises to provide information and special deals to people with diabetes. Rite Aid Corp. is launching a program that promises to provide information and special deals to people with diabetes. Consumers who enroll in the free program, which is called “wellness+ for diabetes,”
On paper, Mike Bloom’s new assignment as president of Family Dollar, the 7,000-plus-store dollar chain, is as significant and potentially transforming an event as mass retailing has seen in some considerable time. On paper, Mike Bloom’s new assignment as president of Family Dollar, the 7,000-plus-store dollar chain, is as significant and potentially transforming an event
The sudden departure of Michael Francis from Target Corp. brings into sharp focus his pivotal contributions to the development of one of the iconic retail brands and highlights just how much the discounter has at stake in finding a way to perpetuate the marketing prowess that has become a central component of its business model.