DEERFIELD, Ill. — Walgreens has tapped Dr. Kevin Ban to serve as its new chief medical officer. In his role as CMO, Ban is assuming leadership of the Walgreens clinical office, overseeing the development of enterprise clinical programs and clinical analytics and directing provision of care, clinical outcomes, patient safety, and health care information systems
CAMP HILL, Pa. — Rite Aid Corp. reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents
GRAND RAPIDS, Mich. — Woodward Corner Market, a new neighborhood grocery store by operated by Meijer Inc., is scheduled to open on January 29 at Thirteen Mile Road and Woodward Ave. in Royal Oak, a suburb of Detroit. The market is focused on bringing a mix of fresh, convenient food and value to customers in
BENTONVILLE. Ark. — Walmart Media Group, the retailer’s advertising unit, has introduced an auction-based marketplace that aims to give advertisers more transparency and control of their sponsored product campaigns. “Brands will now be able to increase visibility with Walmart’s diverse, sizable audience of shoppers,” Lex Josephs, vice president of sales and media partnerships at Walmart
WESTBOROUGH, Mass. — BJ’s Wholesale Club has appointed Lee Delaney to serve as chief executive officer. He succeeds Christopher Baldwin, who has been named executive chairman. Baldwin will also serve as a strategic advisor to Delaney. The company also appointed Thomas Kingsbury, the former CEO of Burlington Stores Inc., to its board of directors. The
CHESAPEAKE, Va. — In a reorganization of its senior management structure, Dollar Tree Inc. has promoted three executives. In addition, Duncan Mac Naughton, who had been serving as president of the Family Dollar segment of the business, has left the company. The management changes are intended to improve the execution of Dollar Tree’s overall strategy
It’s that time of year again, the time the editors of MMR select the outstanding retailers of the year. Sometimes we recognize an individual; at other times we choose a company. In either case, it is our annual attempt to isolate the best and the brightest, to designate those people and organizations that have distinguished
Among the myriad laws and regulations that took effect across the country at the start of 2020, none is likely to have a bigger impact on the way mass market retailers do business than the California Consumer Privacy Act. Passed by the state legislature and signed into law by Gov. Gavin Newsom amid calls for