CHICAGO — Though it’s hardly news that today’s consumers are shopping at a variety of retail outlets to fit their budgets and meet their personal needs, they may be channel switching even more than retailers might think, according to a report from SymphonyIRI Group Inc. Though it’s hardly news that today’s consumers are shopping at
A recent New York Times headline ran as follows: “Sales at Wal-Mart, Though Still Rising, Suggest Wary Shoppers.” The story that followed detailed Walmart’s quarterly results: a comp-store sales gain of 2.2%, a total sales increase of 4.5% to $114.3 billion, and earnings of $4.02 billion. A recent New York Times headline ran as follows:
The National Association of Chain Drug Stores Pharmacy and Technology Conference, the final installment of which took place at the Colorado Convention Center in Denver last month, included a notable innovation. The National Association of Chain Drug Stores Pharmacy and Technology Conference, the final installment of which took place at the Colorado Convention Center in
WOONSOCKET, R.I. — CVS Caremark Corp. expects to retain a significant portion of the pharmacy business it gained from Walgreen Co.’s impasses with Express Scripts Inc., despite their recent settlement. CVS Caremark Corp. expects to retain a significant portion of the pharmacy business it gained from Walgreen Co.’s impasses with Express Scripts Inc., despite their
NEW YORK — Bargain prices and the country’s hottest month on record boosted customer traffic in July, as chains cleared out summer stock to create space for back-to-school products. Bargain prices and the country’s hottest month on record boosted customer traffic in July, as chains cleared out summer stock to create space for back-to-school products.
ARLINGTON, Va. — The pace of change in the supermarket sector is accelerating, and Leslie Sarasin, president and chief executive officer of the Food Marketing Institute (FMI), is intent on positioning the association to assist its members as they adapt to evolving market conditions. The pace of change in the supermarket sector is accelerating, and
ARLINGTON, Va. — The strategic plan put in place by the Food Marketing Institute shortly after Leslie Sarasin became its president and chief executive officer a little over three and a half years ago is drawing to a close, having accomplished almost all of the major objectives it included. The strategic plan put in place
DEERFIELD, Ill. — Walgreen Co. has received all of the necessary regulatory approvals to complete the initial phase of its takeover of Alliance Boots PLC. Walgreen Co. has received all of the necessary regulatory approvals to complete the initial phase of its takeover of Alliance Boots PLC. Under the terms of the deal announced earlier
NEW YORK — The economic turmoil of the past four or five years has led to a polarization of the consumer population, with a shrinking middle class and more Americans who are either wealthy or poor. The economic turmoil of the past four or five years has led to a polarization of the consumer population,
GREEN BAY, Wis. — Shopko Stores Operating Co. has made two executive appointments its merchandising division. Shopko Stores Operating Co. has made two executive appointments its merchandising division. Craig Gourley has been named senior vice president and general merchandise manager of home and hard lines. Additionally, Tom Abbott, who had been responsible for textiles, has
LOS ANGELES — Over the course of a career that spanned 46 years, David Brubaker can rightly claim to have participated in the creation and development of the modern nutritional supplements industry. Over the course of a career that spanned 46 years, David Brubaker can rightly claim to have participated in the creation and development