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March 17, 2011

The Army and Air Force Exchange Service on Tuesday teamed with Coca-Cola to give military shoppers a chance to be a part of the 2012 NCAA Final Four Weekend in New Orleans.

DALLAS — The Army and Air Force Exchange Service on Tuesday teamed with Coca-Cola to give military shoppers a chance to be a part of the 2012 NCAA Final Four Weekend in New Orleans.

Shoppers who visit their local Exchange can become eligible for a chance to win 1-of-5 grand prizes consisting of a trip for two to the 2012 NCAA Final Four Weekend, a value of $3,500 per winner.

Military shoppers can enter the Exchange/Coke NCCA contest from March 11 to 24.

March 16, 2011

Walmart has succeeded in bringing its smaller-format store concept to Chicago, helping to make the case that the retailer can find success in more urban markets, including New York, which thus far has eluded the retailer.

CHICAGO — Walmart has succeeded in bringing its smaller-format store concept to Chicago, helping to make the case that the retailer can find success in more urban markets, including New York, which thus far has eluded the retailer.

The company announced that it has secured locations in West Englewood for Walmart Market and Walmart Express stores. According to the company, West Englewood is in the heart of a food desert and is one of Chicago’s most underserved communities.

March 16, 2011

Walmart announced that it is committing $5 million in cash and in-kind donations for emergency relief efforts in response to Japan's recent earthquake and resulting tsunami.

BENTONVILLE, Ark. — Walmart announced that it is committing $5 million in cash and in-kind donations for emergency relief efforts in response to Japan's recent earthquake and resulting tsunami.

Additionally, Walmart operations around the world are planning to implement or already have implemented fundraising drives among associates and customers to provide additional relief funds for the victims.

March 11, 2011

An online order and same-day pickup service will be expanded to all Walmart stores beginning this month, the company announced.

BENTONVILLE, Ark. — An online order and same-day pickup service will be expanded to all Walmart stores beginning this month, the company announced.

The “Pick Up Today” service allows shoppers who make a purchase online to pick up their merchandise within about four hours if the order is placed before 6 p.m. Orders placed after that time are available for pickup the next day before 10 a.m.

March 4, 2011

Prestige Brands on Friday named Paul Hennessey VP operations.

IRVINGTON, N.Y. — Prestige Brands on Friday named Paul Hennessey VP operations.

“Paul's background in over-the-counter consumer products is a terrific match for our company,” stated Prestige president and CEO Matthew Mannelly. “As we continue to grow and become even more customer- and consumer-focused in OTC, Paul's leadership skills and extensive experience in supply chain manufacturing will serve our brands and our company well."

February 28, 2011

Procter & Gamble is letting Target customers know that great things come in small packages as it launches new Tide and Gain compacted powder laundry detergents.

CINCINNATI — Procter & Gamble is letting Target customers know that great things come in small packages as it launches new Tide and Gain compacted powder laundry detergents.

The compacted Tide and Gain detergents, which offer the same number of loads in a smaller box, could save up to 22 million lbs. of total packaging in the United States and Canada each year, P&G said. The company said that in addition to the Tide and Gain launch at Target, P&G also will introduce compacted formulas for Cheer, Dreft and Ivory Snow.

February 25, 2011

Walmart is convinced its sales woes can be solved by a renewed emphasis on everyday low prices and breadth of assortment. As Walmart looks to execute those strategies, the health-and-wellness category will continue to be impacted as it is a key area where favorable trends exist and it is easier to demonstrate price separation.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Walmart is convinced its sales woes can be solved by a renewed emphasis on everyday low prices and breadth of assortment. As Walmart looks to execute those strategies, the health-and-wellness category will continue to be impacted as it is a key area where favorable trends exist and it is easier to demonstrate price separation.

(THE NEWS: Walmart to refocus on U.S. unit as sales decline. For the full story, click here)

February 22, 2011

Despite gains in its international sector, Walmart experienced its seventh straight quarterly sales decline in its U.S. stores division for the period ended Jan. 31.

BENTONVILLE, Ark. — Despite gains in its international sector, Walmart experienced its seventh straight quarterly sales decline in its U.S. stores division for the period ended Jan. 31.

Walmart said although sales at its international stores rose 27%, its U.S. store sales fell short of its own projections for the holiday period. Sales at U.S. Walmart stores fell 0.5% to $71.1 billion, and were down 1.8% on a comparable-store basis, the company said.

February 18, 2011



McNeil Consumer Healthcare recently parlayed its Tylenol brand franchise into external analgesics to quite a bit of success. For the four weeks ended Dec. 26, 2010, Precise “from the makers of Tylenol” became the No. 3 best-selling heat patch, with $1.9 million in sales across food, drug and mass (excluding Walmart), according to Symphony­IRI Group. And its pain-relieving cream similarly broke in among the top-selling brands — No. 9 with $1.3 million in sales for the four-week period.

February 15, 2011

St. Mary's Medical Group once again is teaming up with Walmart to open up a second retail-based health clinic in Nevada, according to local news reports.

RENO, Nevada — St. Mary's Medical Group once again is teaming up with Walmart to open up a second retail-based health clinic in Nevada, according to local news reports.

According to reports, the second location is opening on Tuesday at the Walmart store on Kietzke Lane.

February 14, 2011

Walmart has named Cindy Davis EVP of its global consumer insights business unit created two weeks ago as part of a larger corporate restructuring.

BENTONVILLE, Ark. — Walmart has named Cindy Davis EVP of its global consumer insights business unit created two weeks ago as part of a larger corporate restructuring.

Davis, who joined Walmart in 2007 and previously served as EVP membership and marketing for Sam’s Club, will continue to report to Sam’s Club president and CEO Brian Cornell, although she will be responsible for understanding broad consumer trends worldwide and for creating advanced analytical tools to support the business.

February 8, 2011

Following the retirement of Procter & Gamble vice chairman Robert Steele, the company said it consolidated its current three global business units into two: beauty and grooming, and household care.

CINCINNATI — Following the retirement of Procter & Gamble vice chairman Robert Steele, the company said it consolidated its current three global business units into two: beauty and grooming, and household care.

Thee oral care and feminine care businesses will become part of P&G's beauty and grooming GBU, and will be lead by Ed Shirley, P&G's vice chairman of global beauty and grooming. Charlie Pierce, group president, global oral care and Steve Bishop, group president, global feminine care, will report to Shirley.

February 7, 2011

One of the world's largest drug makers has entered a definitive agreement to purchase a Copenhagen-based consumer healthcare business.

NEW YORK — One of the world's largest drug makers has entered a definitive agreement to purchase a Copenhagen-based consumer healthcare business.

Pfizer said Monday that it agreed to acquire from Altor 2003 Fund GP Limited Ferrosan’s consumer healthcare business, which includes a portfolio of such dietary supplements and lifestyle products as Multi-Tabs and Bifiform. Ferrosan caters to such markets as Russia, Ukraine, Poland, Turkey and many countries throughout Central and Eastern Europe.

February 1, 2011

BENTONVILLE, Ark. — Duncan Mac Naughton, recently promoted to chief merchandising officer for Walmart’s U.S. stores division, has an opportunity to be a hero at Walmart as the nation’s largest retailer looks to restore sales growth at its U.S. stores this year and beyond.


February 1, 2011

Procter & Gamble on Tuesday announced that Robert Steele, vice chairman of global health and well-being, will retire effective Sept. 1.

CINCINNATI — Procter & Gamble on Tuesday announced that Robert Steele, vice chairman of global health and well-being, will retire effective Sept. 1.

Steele oversees oral care, feminine care, personal health care, pet care and snacks for P&G.

Between now and September, Steele will serve as vice chairman of healthcare strategy, reporting to P&G chairman, president and CEO Robert McDonald.

January 28, 2011

In a swift move by Walmart, Duncan Mac Naughton has been appointed the retailer's chief merchandising officer for its U.S. division, less than three months after being named the company's merchandising EVP.

BENTONVILLE, Ark. — In a swift move by Walmart, Duncan Mac Naughton has been appointed the retailer's chief merchandising officer for its U.S. division, less than three months after being named the company's merchandising EVP.

Mac Naughton, who joined Walmart in October, was part of the big-box retailer's restructuring of the merchandising department, which involved divvying the responsibilities among four EVPs, directly reporting to Walmart U.S. president and CEO Bill Simon. Mac Naughton oversaw the consumables, health-and-wellness and Walmart.com businesses.

January 28, 2011

Pfizer has cleared one of the main legal hurdles in its effort to purchase drug maker King Pharmaceuticals, Pfizer said Friday.

NEW YORK — Pfizer has cleared one of the main legal hurdles in its effort to purchase drug maker King Pharmaceuticals, Pfizer said Friday.

Pfizer, the world’s largest drug company, said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 had been terminated, one of the conditions necessary for the completion of Pfizer’s tender offer for King.

Pfizer announced plans in October to purchase Bristol, Tenn.-based King for $3.6 billion, or $14.25 per share.

January 24, 2011

Walmart, the presenting sponsor of the "America I Am: The African-American Imprint" tour, will offer specially priced tickets at select Walmart stores in the Washington, D.C., area.

BENTONVILLE, Ark. — Walmart, the presenting sponsor of the "America I Am: The African-American Imprint" tour, will offer specially priced tickets at select Walmart stores in the Washington, D.C., area.

Walmart is offering tickets at the lowest available price: $10 for adults and $5 for children, or 17% off standard ticket prices.

"America I Am" is a four-year touring museum exhibition that celebrates nearly 500 years of African-American contributions to this country.

January 21, 2011

Pfizer again has extended the expiration date on its tender offer to buy Bristol, Tenn.-based King Pharmaceuticals to Jan. 28, the drug maker said Friday.

NEW YORK — Pfizer again has extended the expiration date on its tender offer to buy Bristol, Tenn.-based King Pharmaceuticals to Jan. 28, the drug maker said Friday.

Pfizer announced in October that it would buy King for $3.6 billion, or $14.25 per share. King manufactures branded prescription drugs, including several painkillers.

January 20, 2011

Walmart joined First Lady Michelle Obama in Washington Thursday to unveil a comprehensive effort to provide its customers with healthier and more affordable food choices.

WASHINGTON — Walmart joined First Lady Michelle Obama in Washington Thursday to unveil a comprehensive effort to provide its customers with healthier and more affordable food choices.

The program will involve five key elements, including:

January 18, 2011

Pfizer president and general manager for specialty care and oncology, Geno Germano, will deliver the “State of the Pharma/Biotech Industry Address” at the 2011 Armada Specialty Pharmacy Summit, Armada Health Care said Tuesday.

FLORHAM PARK, N.J. — Pfizer president and general manager for specialty care and oncology, Geno Germano, will deliver the “State of the Pharma/Biotech Industry Address” at the 2011 Armada Specialty Pharmacy Summit, Armada Health Care said Tuesday.

The summit, which will take place in Las Vegas in May, is in its seventh year and is expected to bring 1,500 participants representing 400 specialty healthcare organizations, including specialty pharmacy providers, pharmaceutical and biotech companies, wholesale distributors and others.

January 18, 2011

Walmart's philanthropic arm announced a $2 million donation to help food banks save money on energy bills.

BENTONVILLE, Ark. — Walmart's philanthropic arm announced a $2 million donation to help food banks save money on energy bills.

This funding, the Walmart Foundation said, will help 16 food banks "go green" by becoming more energy efficient through lighting, refrigeration or heating and air-conditioning equipment upgrades.

This initiative is a part of Walmart's commitment to fighting hunger. In May, Walmart and the Walmart Foundation announced a $2 billion cash and in-kind commitment through the end of 2015, including:

January 13, 2011

Start spreading the news: Walmart wants to be a part of it — New York, N.Y. Though the retailer's desire to enter the city is nothing new, its latest push shows that attitudes toward the retailer opening stores in New York City are changing — in Walmart's favor.

NEW YORK — Start spreading the news: Walmart wants to be a part of it — New York, N.Y. Though the retailer's desire to enter the city is nothing new, its latest push shows that attitudes toward the retailer opening stores in New York City are changing — in Walmart's favor.

January 5, 2011

ROGERS, Ark. — If the eyes are the window to the soul, then Walmart’s suppliers are the window to its future, thanks to the truly unique relationship the retailer enjoys with its trading partners. Walmart brought new meaning to the concept of collaboration when it pursued a strategy of data transparency decades ago that enabled fact-based decision-making. Suppliers embraced what, at the time, was a novel approach in the retail industry, and their support over the years facilitated Walmart’s expansion, sales growth for all concerned and low prices for consumers.


December 15, 2010

Johnson & Johnson on Wednesday announced that Alex Gorsky, currently worldwide chairman of medical devices and diagnostics, and Sheri McCoy, currently worldwide chairman of pharmaceuticals, have been appointed vice chairmen of the executive committee, joining William Weldon, J&J chairman and CEO, in an expanded Office of the Chairman.

NEW BRUNSWICK, N.J. — Johnson & Johnson on Wednesday announced that Alex Gorsky, currently worldwide chairman of medical devices and diagnostics, and Sheri McCoy, currently worldwide chairman of pharmaceuticals, have been appointed vice chairmen of the executive committee, joining William Weldon, J&J chairman and CEO, in an expanded Office of the Chairman.

Both appointments are effective Jan. 3.