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.
NEW YORK — Unemployment remains high, consumer and business confidence is plunging, financial markets are in turmoil, and predictions on holiday sales largely agree that growth will be slower than last year. Unemployment remains high, consumer and business confidence is plunging, financial markets are in turmoil, and predictions on holiday sales largely agree that growth
MINNEAPOLIS — The buzz last month over Target’s limited-edition Missoni designer line was unprecedented, as shoppers lined up outside stores well before they opened and online consumers gave the discounter’s website all the traffic it could handle and then some. The buzz last month over Target’s limited-edition Missoni designer line was unprecedented, as shoppers lined
MISSISSAUGA, Ontario — Frank Scorpiniti has been chosen to succeed Andy Giancamilli as chief executive officer of Katz Group Canada Ltd. when the later retires early next year. Frank Scorpiniti has been chosen to succeed Andy Giancamilli as chief executive officer of Katz Group Canada Ltd. when the later retires early next year. A retail
LOS ANGELES — Kroger Co.’s Ralphs Grocery, Safeway Inc.’s Vons and Supervalu Inc.’s Albertsons supermarket chains have reached a tentative contract agreement with United Food and Commercial Workers union (UFCW) members in Southern California, avoiding a labor stoppage. Kroger Co.’s Ralphs Grocery, Safeway Inc.’s Vons and Supervalu Inc.’s Albertsons supermarket chains have reached a tentative