In what could symbolize the so-called "patent cliff" that an executive from healthcare market research firm IMS Health spoke of at a recent trade show, a regional mass merchandise chain is taking what used to be the world's top-selling drug and giving it away for free.
It has been 50 years since Hendrik and Fred Meijer opened "Thrifty Acres" in Grand Rapids, Mich., marking the birth of the nation's pioneering supercenter and an innovative concept that grew into a retail phenomenon.
Supervalu on Thursday announced that Pete Van Helden, EVP retail operations, will be leaving the company this spring. Taking his place will be Kevin Holt.
Meijer's stores in Michigan will "prominently" feature 49 products made in the state as part of a program to promote local businesses, the mass merchandise retailer said.