WOONSOCKET, R.I. — With the ever-growing share of generic drugs suppressing top-line growth but helping to fortify gross margins, CVS Caremark Corp. rang up double-digit earnings gains in the face of flat revenues during the three months ended March 31. With the ever-growing share of generic drugs suppressing top-line growth but helping to fortify gross
Early in May the editors of MMR hosted a reception in Nashville for the senior managers of Dollar General and some 50 of that retailer’s major suppliers. Early in May the editors of MMR hosted a reception in Nashville for the senior managers of Dollar General and some 50 of that retailer’s major suppliers. The
The U.S. Senate earlier this month took the overdue step of passing a bill designed to level the playing field for retailers. The U.S. Senate earlier this month took the overdue step of passing a bill designed to level the playing field for retailers. With support from both sides of the aisle, it voted 69
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
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
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
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
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
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,
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
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