DEERFIELD, Ill. — A last ditch effort by Walgreen Co. to settle its dispute with Express Scripts Inc. failed to raise hopes for a contract renewal, the drug chain’s chief executive said last month. A last ditch effort by Walgreen Co. to settle its dispute with Express Scripts Inc. failed to raise hopes for a
CINCINNATI — Kroger Co.’s earnings stand to get a lift in fiscal 2012 with the merger of four of the UFCW/multi-employer pension funds to which the company contributes into a new fund as of January 1. Kroger Co.’s earnings stand to get a lift in fiscal 2012 with the merger of four of the UFCW/multi-employer
NEW YORK — CVS Caremark Corp. is taking advantage of its combination of retailing, pharmacy benefits management and walk-in clinics to drive growth, president and chief executive officer Larry Merlo said at the company’s 2011 analyst day, here. CVS Caremark Corp. is taking advantage of its combination of retailing, pharmacy benefits management and walk-in clinics
TORONTO — Lines outside the venerable Maple Leaf Gardens building, the former hockey shrine in midtown Toronto, are nothing new. Lines outside the venerable Maple Leaf Gardens building, the former hockey shrine in midtown Toronto, are nothing new. But the crowds awaiting admittance before 8 a.m. on Wednesday, November 30, were there not, as in
LOS ANGELES — Smart & Final Holdings Corp. has named David Hirz, president and chief executive officer. Smart & Final Holdings Corp. has named David Hirz, president and chief executive officer. Hirz, who assumed his new position on January 1, will also become a member of the company’s board of directors. Smart & Final’s chairman
Jack Shewmaker, the legendary Walmart executive, once remarked that giving a million people one dollar each would have little impact on events. Jack Shewmaker, the legendary Walmart executive, once remarked that giving a million people one dollar each would have little impact on events. On the other hand, he continued, give one million dollars to
Sears Holdings’ announcement late last month that it plans to shutter as many as 120 underperforming stores that operate under both the Sears and Kmart banners marks the beginning of a decisive chapter in the history of what were once two of America’s great retailers. Sears Holdings’ announcement late last month that it plans to
NEW YORK — Value conscious shoppers, a population whose ranks have swelled in recent years, are about to get more options regarding where to buy their groceries. Value conscious shoppers, a population whose ranks have swelled in recent years, are about to get more options regarding where to buy their groceries. Dollar General Corp., for
AMSTERDAM — Ahold NV has unveiled a growth strategy designed to reverse slowing sales growth and cut costs in its two major markets of western Europe and the eastern United States. Ahold NV has unveiled a growth strategy designed to reverse slowing sales growth and cut costs in its two major markets of western Europe
NEW YORK — Record Black Friday sales failed to lift retail growth in November to last year’s level. While chains overall reported gains for the month, results at some, including Target Corp., fell below expectations, foretelling mixed results for the holiday season. Record Black Friday sales failed to lift retail growth in November to last
BENTONVILLE, Ark. — Walmart has kicked off an internal investigation into whether some of its workers around the globe violated a federal law that prohibits bribery overseas. Walmart has kicked off an internal investigation into whether some of its workers around the globe violated a federal law that prohibits bribery overseas. In a regulatory filing