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Issue 05-06-2013

Grocery revolution

ORLANDO, Fla. — Food Marketing Institute president and chief executive officer Leslie Sarasin compared the change occurring in the relationship between supermarket retailers and their customers to what happened to mankind’s view of its place in the universe when Nicolaus Copernicus developed the theory that the Earth revolves around the sun, rather than the other

Edwards takes helm at Safeway

PLEASANTON, Calif. — Safeway Inc. president Robert Edwards will succeed outgoing chief executive officer Steve Burd on May 14. Safeway Inc. president Robert Edwards will succeed outgoing chief executive officer Steve Burd on May 14. The 57-year-old Edwards joined Safeway as executive vice president and chief financial officer in 2004. In April 2012 he was

Tesco eyes exit strategy for failed U.S. venture

LONDON — Tesco PLC’s abandonment of its Fresh & Easy chain in the United States will cost the chain more than $1.8 billion. The total includes $263 million in operating loss and about $1.56 billion in noncash items. Tesco PLC’s abandonment of its Fresh & Easy chain in the United States will cost the chain

Campisi is new CEO at Big Lots

COLUMBUS, Ohio — David Campisi, a 30-year retailing veteran who most recently headed an apparel company, has been named president and chief executive officer of Big Lots Inc. David Campisi, a 30-year retailing veteran who most recently headed an apparel company, has been named president and chief executive officer of Big Lots Inc. Campisi, who

CVS earnings surge in first quarter

WOONSOCKET, R.I. — The influx of new generic drugs hoisted earnings but tempered sales growth in the first quarter at CVS Caremark Corp. The influx of new generic drugs hoisted earnings but tempered sales growth in the first quarter at CVS Caremark Corp. For the three months ended March 31, income from continuing operations attributable

Stater Bros. names Van Helden COO

SAN BERNARDINO, Calif. — Former Supervalu Inc. executive Peter Van Helden has been named president and chief operating officer at Stater Bros. Markets. He succeeds Jim Lee, who will retire next month. Former Supervalu Inc. executive Peter Van Helden has been named president and chief operating officer at Stater Bros. Markets. He succeeds Jim Lee,

New Walgreens flagship debuts

BOSTON — Walgreen Co. debuted its latest flagship store here late last month. Walgreen Co. debuted its latest flagship store here late last month. The outlet is the ninth in the drug chain’s growing roster of showcase stores. Located in the city’s Downtown Crossing neighborhood, the 24-hour store includes all of the features found in

NACDS looks to future of Rx

PALM BEACH, Fla. — Community pharmacy has to continue to work to shape public policy to improve patient outcomes, executives at the National Association of Chain Drug Stores and members of its board of directors stressed at the association’s Annual Meeting here last month. Community pharmacy has to continue to work to shape public policy

Shopko taps Cooper to oversee marketing

GREEN BAY, Wis. — Shopko Stores Operating Co. has appointed Michael Cooper to the position of senior vice president of marketing. He reports to Jill Soltau, president and chief merchandising officer. Shopko Stores Operating Co. has appointed Michael Cooper to the position of senior vice president of marketing. He reports to Jill Soltau, president and

Supervalu adds CEO of Rite Aid to its board

MINNEAPOLIS — Supervalu Inc. has named Rite Aid Corp. chairman, president and chief executive officer John Standley to its board of directors. Supervalu Inc. has named Rite Aid Corp. chairman, president and chief executive officer John Standley to its board of directors. Also elected to Supervalu’s board late last month was Mark Neporent, chief operating

Footprint is extended by FreshDirect

LONG ISLAND CITY, N.Y. — FreshDirect, an online retailer of grocery and fresh food, will expand its service to customers in 90 ZIP codes in New York, New Jersey and Pennsylvania. FreshDirect, an online retailer of grocery and fresh food, will expand its service to customers in 90 ZIP codes in New York, New Jersey

NACDS Annual Meeting a hit

The 2013 Annual Meeting of the National Association of Chain Drug Stores unfolded smoothly, like so many before it, to the benefit of all but a few of the retailers and suppliers who attended — like so many before it. The 2013 Annual Meeting of the National Association of Chain Drug Stores unfolded smoothly, like