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July 16, 2013

Stop & Shop is expanding a program to educate children about nutrition, the Ahold USA-owned supermarket chain said.

PURCHASE, N.Y. — Stop & Shop is expanding a program to educate children about nutrition, the Ahold USA-owned supermarket chain said.

The chain announced that it would update and expand the Passport to Nutrition program to organizations that educate and work with children, such as schools, summer camps and scouting groups. The announcement follows a similar announcement last week by Landover, Md.-based sister chain Giant Food.

July 12, 2013

The Indian generic drug maker announced the approval of repaglinide tablets in the 1-mg and 2-mg strengths, which are used in combination with diet and exercise to improve blood-sugar control in patients with Type 2 diabetes.

MUMBAI, India — The Food and Drug Administration has approved a generic diabetes drug made by Sun Pharmaceutical Industries, Sun said Friday.

The Indian generic drug maker announced the approval of repaglinide tablets in the 1-mg and 2-mg strengths, which are used in combination with diet and exercise to improve blood-sugar control in patients with Type 2 diabetes.

July 10, 2013

Target and Fast Company magazine have named a group of New York-based developers as the winners of a contest to develop an app to improve the mobile shopping experience for Target customers.

MINNEAPOLIS — Target Corp. and Fast Company magazine have named a group of New York-based developers as the winners of a contest to develop an app to improve the mobile shopping experience for Target customers.

July 10, 2013

According to a report published Monday in the Detroit Free Press, Kroger will create as many as 2,000 jobs throughout Michigan as the national grocer continues to grow marketshare across its core markets, even as the chain seeks a Southeastern foothold with the acquisition of Harris Teeter announced yesterday.

DETROIT — According to a report published Monday in the Detroit Free Press, Kroger will create as many as 2,000 jobs throughout Michigan as the national grocer continues to grow marketshare across its core markets, even as the chain seeks a Southeastern foothold with the acquisition of Harris Teeter announced yesterday. 

June 25, 2013

Tyco Integrated Security on Tuesday announced it has teamed up with Perrigo Nutritionals to develop a theft-resistant infant formula container.

BOCA RATON, Fla. — Tyco Integrated Security on Tuesday announced it has teamed up with Perrigo Nutritionals to develop a theft-resistant infant formula container. Baby formula frequently tops the list as one of the most commonly stolen products, and according to last year’s National Retail Security Survey results conducted by the University of Florida, the supermarket and grocery industry had the highest total shrinkage percentages of all retail segments.

June 17, 2013

Amazon has announced that it will offer a free, 90-day trial of a new same-day delivery service to customers in the Los Angeles area that includes fresh food. The service, Prime Fresh, is being offered to members of Amazon Prime members, and after 90 days, the company will offer to let them upgrade to Prime Fresh on a permanent basis, for $299 per year, from the current Amazon Prime price of $79 per year. The company tested the program for six years in Seattle and plans to expand it to San Francisco later this year.

As Amazon director and category for U.S. health and beauty told DSN in a profile of the company back in May, Wall Street didn't like the SuperSaver shipping program, and the company spent a net $2.9 billion on shopping in 2012, a 17% increase from the year before, according to its 2012 annual report. But according to one report, Prime actually is quite profitable, and members are among the online retailer's best customers.

Amazon has announced that it will offer a free, 90-day trial of a new same-day delivery service to customers in the Los Angeles area that includes fresh food. The service, Prime Fresh, is being offered to Amazon Prime members, and after 90 days, the company will offer to let them upgrade to Prime Fresh on a permanent basis, for $299 per year, from the current Amazon Prime price of $79 per year.

May 28, 2013

Campbell Soup Co. announced it has entered into an agreement to acquire Plum Organics, a provider of premium organic foods and snacks that serve the nutritional needs of babies, toddlers and children.

CAMDEN, N.J. — Campbell Soup Company today announced it has entered into an agreement to acquire Plum Organics, a provider of premium organic foods and snacks that serve the nutritional needs of babies, toddlers and children.

The company, based in Emeryville, Calif., is the No. 2 brand of organic baby food in the U.S. and the No. 4 baby food brand overall.

May 17, 2013

Supervalu successfully completed the refinancing of its existing $1.5 billion senior secured term loan agreement.

MINNEAPOLIS — Supervalu on Thursday successfully completed the refinancing of its existing $1.5 billion senior secured term loan agreement. The amendment reduces the interest rate margin from 5% to 4% and reduces the LIBOR floor from 1.25% to 1% for LIBOR based loans. 

May 14, 2013

Royal Ahold has appointed Ben Wishart as group chief information officer, the Dutch supermarket operator said.

AMSTERDAM — Royal Ahold has appointed Ben Wishart as group chief information officer, the Dutch supermarket operator said Tuesday.

In the newly created position, Wishart will report to CFO Jeff Carr and will work out of the company's Amsterdam headquarters. He previously worked at U.K. food retailer Morrisons as chief information officer. Ahold operates the Stop & Shop, Giant-Landover and Giant-Carlisle supermarket chains in the United States, as well as the Peapod online grocery service.

May 8, 2013

Twizzlers Candy, a Hershey Company brand, is teaming up with Warner Bros. for the expected summer blockbuster "Man of Steel" to release specially marked packages of Twizzlers and launch a fan contest on Facebook for the Ultimate Man of Steel Getaway.

HERSHEY, Pa. — Twizzlers Candy, a Hershey Company brand, is teaming up with Warner Bros. for the expected summer blockbuster "Man of Steel" to release specially marked packages of Twizzlers and launch a fan contest on Facebook for the Ultimate Man of Steel Getaway.

Warner Bros. Pictures is launching a national campaign promoting "Man of Steel" and while supplies last, specially marked Twizzlers 16 oz. packages will feature the movie and details about the contest.

April 21, 2013

It's official. During its most recent quarterly conference call with analysts, CVS Caremark revealed what many had anticipated: Its acquisition of privately held Brazilian drug store chain Drogaria Onofre was complete.

It's official. During its most recent quarterly conference call with analysts, CVS Caremark revealed what many had anticipated: Its acquisition of privately held Brazilian drug store chain Drogaria Onofre was complete.

The move is not financially material to CVS Caremark, but it does mark its first foray into the international drug store space. The 44-store chain is the eighth-largest drug store chain in Brazil and, according to published reports, posted gross revenue of R$1.2 billion (Brazilian reals) in 2011.

March 29, 2013

Google is officially unveiling its testing program for its new online delivery service in the San Francisco Bay area of California, the Internet company said on its website.

NEW YORK — Google is officially unveiling its testing program for its new online delivery service in the San Francisco Bay area of California, the Internet company said on its website.

Google Shopping Express promises same-day delivery to customers directly from such retailers as Target, Walgreens, Raley's, Toys "R" Us, American Eagle and others.

March 22, 2013

Google is dogfooding a service called Google Shopping Express, which would offer same-day delivery from brick-and-mortar stores in the San Francisco Bay Area to the Internet giant's employees. Target and several other retailers have been named as possible partners.

With Google now looking to compete with Amazon — not to mention Target's growing attention to online and mobile commerce — a growing body of consumer studies and industry trends shows that the most important emerging consumer demographic isn't men, women, old people or young people — but multichannel consumers.

Google is offering a service called Google Shopping Express, which would offer same-day delivery from brick-and-mortar stores in the San Francisco Bay Area to the Internet giant's employees. Target and several other retailers have been named as possible partners.

March 20, 2013

Google is looking to launch a competitor to Amazon Prime, according to published reports.

NEW YORK — Google is looking to launch a competitor to Amazon Prime, according to published reports.

TechCrunch reported that Google was dogfooding a service called Google Shopping Express, which would offer same-day delivery from brick-and-mortar stores in the San Francisco Bay Area, but so far only to Google employees. Target, Nob Hill Foods and Babies'R'Us have been named as possible partners in the service, as well as five other stores in the area.

March 6, 2013

Fast Company magazine and Target Corp. are sponsoring a competition to develop a new mobile experience for Target, with a grand prize of $75,000.

NEW YORK — Fast Company magazine and Target are sponsoring a competition to develop a new mobile experience for Target, with a grand prize of $75,000.

The Co.Labs and Target Retail Accelerator is a competition to create either a mobile app or a mobile-enabled website design for the retailer, taking places at the Fast Co. Grill in Austin, Texas, blocks away from the SXSW conference. Entries will be accepted between this Friday and April 30, and seven finalists will be selected in May and awarded $10,000 to develop their prototypes.

March 5, 2013

Ranbaxy Labs will market a drug for depression under an agreement with another company, the drug maker said Tuesday.

PRINCETON, N.J. — Ranbaxy Labs will market a drug for depression under an agreement with another company, the drug maker said Tuesday.

Ranbaxy said it had entered an in-licensing agreement with Alembic Pharmaceuticals to market desvenlafaxine base extended-release tablets. Alembic is the sponsor of a new drug application filed with the Food and Drug Administration for the drug, which is bioequivalent to Pfizer's Pristiq. Pristiq had sales of $590 million during the 12-month period that ended in January.

February 11, 2013

New York City mayor Michael Bloomberg announced 21 companies have hit their targets in a city-led effort to curb salt. Restaurants, as well as food manufacturers, were named as some of the companies to achieve their goals.

NEW YORK — New York City mayor Michael Bloomberg announced on Monday 21 companies have hit their targets in a city-led effort to curb salt. Restaurants, as well as food manufacturers, were named as some of the companies to achieve their goals.

Amaericans, on average, eat about twice as much salt as the suggested daily allowance. Too much salt can cause high blood pressure and lead to other health-related problems.

February 7, 2013

Patriarch Partners has announced Lynn Tilton, Patriarch’s founder and CEO, will assume the role of CEO for portfolio companies Stila Cosmetics and Jane Cosmetics, effective immediately.

NEW YORK — Patriarch Partners, LLC a New York-based investment firm and holding company, has announced that Lynn Tilton, Patriarch’s founder and CEO, will assume the role of CEO for portfolio companies Stila Cosmetics and Jane Cosmetics, effective immediately.

Patriarch acquired Stila Cosmetics and Jane Cosmetics in April and December of 2009, respectively.

February 7, 2013

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.

February 4, 2013

Drug maker Perrigo has launched a generic drug for treating problems of the scalp, the company said.

ALLEGAN, Mich. — Drug maker Perrigo has launched a generic drug for treating problems of the scalp, the company said.

Perrigo announced the launch of clobetasol emulsion propionate foam in the 0.05% strength, a generic version of GlaxoSmithKline's Olux-E. The drug is used to treat moderate to severe dermatosis of the scalp.

January 28, 2013

In a shot that made the rounds Friday on ESPN and other sports shows, Miami Heat fan Michael Drysch drained a half-court shot in the Carmex Half-Court Hero contest, netting $75,000 and getting tackled by Miami Heat superstar LeBron James.

MIAMI — In a shot that made the rounds Friday on ESPN and other sports shows, Miami Heat fan Michael Drysch drained a half-court shot in the Carmex Half-Court Hero contest, netting $75,000 and getting tackled by Miami Heat superstar LeBron James. 

In addition to winning $75,000 for himself, Drysch also scored a $75,000 donation for the Boys & Girls Clubs of America and the Lebron James Family Foundation.

January 18, 2013

Costco announced in its January 2013 magazine that it would begin offering pharmacy benefit management services, targeting small businesses and highlighting a 200-employee company based in Washington state.

It remains to be seen whether the club retailer's efforts to compete with the existing PBM businesses of companies like CVS Caremark, Walgreens and Walmart will be successful, and analysts like Citi's Deborah Weinswig appear skeptical that they will. But whatever the outcome, it's clear that Costco is looking to compete in a bigger way.

Costco announced in its January 2013 magazine that it would begin offering pharmacy benefit management services, targeting small businesses and highlighting a 200-employee company based in Washington state.

January 11, 2013

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt. Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share.

Following the transaction, Supervalu will be a $17 billion business comprised mostly of its distribution business, which will represent 47% of revenues, Save-A-Lot (25%) and 191 regional supermarkets (28%).

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt.  Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share. 

January 7, 2013

Stop & Shop is offering free produce for a year to winners of a healthy eating contest it is sponsoring, the Ahold banner said.

PURCHASE, N.Y. — Stop & Shop is offering free produce for a year to winners of a healthy eating contest it is sponsoring, the Ahold banner said.

Through the end of this month, customers who purchase any 10 products designated as "Healthy Ideas" at one time using their Stop & Shop card will be automatically entered into the chain's Healthy New Year Free Produce for a Year sweepstakes.

December 7, 2012

CVS Caremark is looking to acquire an 80% stake in Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

Are you ready for the globalization of drug store retailing? DSN is. And we expect it to continue. Why? That's where the Rx growth is. Expect more of these deals. Where? Follow the money (i.e., emerging markets where Rx growth is still in high single to low double digits).

CVS Caremark is looking to acquire an 80% stake in Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

Are you ready for the globalization of drug store retailing? DSN is. And we expect it to continue. Why? That's where the Rx growth is. Expect more of these deals. Where? Follow the money (i.e., emerging markets where Rx growth is still in high single- to low double-digits).