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January 22, 2013
Club retailers to see higher growth over next three years, Deloitte study finds

Club retailers could be in for a good time over the next three years, according to a new study.

NEW YORK — Club retailers could be in for a good time over the next three years, according to a new study.

The study, by Deloitte, found that consumer products executives expect growth through warehouse club retailers to outpace those of other retail channels, including mass merchandise, supermarkets and online retail.

January 21, 2013
SymphonyIRI Group names president of Americas

SymphonyIRI Group on Friday named Piyush Chaudhari president of the Americas. Chaudhari will report directly to Andrew Appel, SymphonyIRI’s president and CEO.

CHICAGO — SymphonyIRI Group on Friday named Piyush Chaudhari president of the Americas. Chaudhari will report directly to Andrew Appel, SymphonyIRI’s president and CEO.

January 11, 2013
Walgreens raises quarterly dividend, names new controller

The board of directors of Walgreens declared a regular quarterly dividend of 27.5 cents per share, a 22.2% increase over the year ago dividend.

DEERFIELD, Ill. — The board of directors of Walgreens on Thursday declared a regular quarterly dividend of 27.5 cents per share, a 22.2% increase over the year ago dividend. The dividend is payable March 12, 2013, to shareholders of record Feb. 15, 2013.

Walgreens has paid a dividend in 321 straight quarters (more than 80 years) and has raised its dividend for 37 consecutive years. Over the last five years, Walgreens annual dividend rate has increased from 38 cents per share to $1.10 per share, resulting in a compound annual growth rate of nearly 24%.

November 16, 2012
Housing recovery could drive more consumers to spend, Deloitte says

Consumers showed a greater willingness to spend in October as the housing market began to recover and energy prices receded, according to a new report by Deloitte.

NEW YORK — Consumers showed more confidence in October as a recovery in the housing market indicated a greater willingness to spend — especially among people who shop through multiple channels — but some headwinds remain, and the issues in Congress could threaten the gains, according to a new report by Deloitte.

The monthly Deloitte Consumer Spending Index rose significantly last month, to 4.02, from September's 3.54. The index measures tax burden, initial unemployment claims, wages and home prices.

January 13, 2011
Kraft appoints EVP strategy

Kraft Foods on Wednesday named a former Bain & Co. executive to the position of EVP strategy, effective Jan. 29.

NORTHFIELD, Ill. — Kraft Foods on Wednesday named a former Bain & Co. executive to the position of EVP strategy, effective Jan. 29.

Sam Rovit succeeds Michael Osanloo, who was named president of Kraft Foods' North American grocery business. Rovit, a 20-year business veteran with global growth and cost leadership strategy experience, will report to chairman and CEO Irene Rosenfeld and be a member of the company's executive team.