Content about Economy of the United States

September 13, 2011

CVS Caremark has partnered with Direct Relief USA to offer up to $6 million in free flu shots to community clinic and health center patients who are uninsured, the company announced on Tuesday.

WOONSOCKET, R.I. — CVS Caremark has partnered with Direct Relief USA to offer up to $6 million in free flu shots to community clinic and health center patients who are uninsured, the company announced on Tuesday.

More than 400 participating clinics and health centers across the country will identify uninsured individuals from their existing patient populations and provide them with a free flu shot voucher, which is redeemable at more than 7,200 CVS/pharmacy locations and the nearly 600 MinuteClinics inside select CVS/pharmacy stores.

September 12, 2011

Supervalu's Jewel-Osco chain announced that it will celebrate Hispanic Heritage Month with its fourth annual VIP reception to honor the culture and significant achievements of the Hispanic community.

ITASCA, Ill. — Supervalu's Jewel-Osco chain announced that it will celebrate Hispanic Heritage Month with its fourth annual VIP reception to honor the culture and significant achievements of the Hispanic community. The signature event, "Sabor de la Herencia Hispana," will be held Sept. 14, at the National Museum of Mexican Art located on 1852 W. 19th Street in Chicago, from 6 to 9 p.m.

September 12, 2011

The new Walmart Express concept is a further downsizing of Walmart’s supercenter and Neighborhood Market format, 
recently rebranded as Walmart Mart.

BENTONVILLE, Ark. — The new Walmart Express concept is a further downsizing of Walmart’s supercenter and Neighborhood Market format, 
recently rebranded as Walmart Mart. The 15,000-sq.-ft. stores are no-frills affairs with bare concrete floors and open-rafter ceilings. From a shoppers’ perspective, the store experience is consistent with the look and feel of a supercenter — only smaller. 


September 8, 2011

Sears Holdings announced that former UPS executive Raj Penkar is joining the company as SVP and president of the company's supply chain.

HOFFMAN ESTATES, Ill. — Sears Holdings announced that former UPS executive Raj Penkar is joining the company as SVP and president of the company's supply chain.

In his new role, Penkar will be accountable for all aspects of the company's supply chain, including logistics, warehousing, inventory management and distribution. Prior to joining Sears, Penkar worked at UPS for 24 years and most recently served as president of UPS' customer solutions division.

September 8, 2011

Supervalu has expanded its offering to accept e-prescriptions for controlled substances at its banner pharmacies after meeting stringent regulatory requirements set by the Drug Enforcement Administration.

EDEN PRAIRIE, Minn. — Supervalu has expanded its offering to accept e-prescriptions for controlled substances at its banner pharmacies after meeting stringent regulatory requirements set by the Drug Enforcement Administration.

September 8, 2011

Walmart is gearing up to open a Neighborhood Market store this month in Midwest City, Okla.

MIDWEST CITY, Okla. — Walmart is gearing up to open a Neighborhood Market store this month in Midwest City, Okla.

The 40,000-sq.-ft. format will offer customers quick access to low-cost groceries, prescriptions and household products. The store officially will open its doors on Sept. 21.

As previously reported, Walmart president and CEO Bill Simon said that the Neighborhood Market format is being rebranded as Walmart Market.

September 7, 2011

Lumene, a beauty brand from Finland that came to the U.S. beauty market in 2003 through an exclusive deal with CVS/pharmacy, has announced that its new Sensitive Touch 5 Min SOS cream will be available at CVS/pharmacy in October.

NEW YORK — Lumene, a beauty brand from Finland that came to the U.S. beauty market in 2003 through an exclusive deal with CVS/pharmacy, has announced that its new Sensitive Touch 5 Min SOS cream will be available at CVS/pharmacy in October.

September 6, 2011

Tom Thumb, a wholly owned subsidiary of Kroger, on Friday announced its purchase of seven convenience stores in the Memphis area currently operated by Schnuck Markets.

MEMPHIS — The Memphis-based Kroger Delta Division, a division of Kroger on Friday announced its purchase of eight Memphis-area Schnucks stores. In addition, Kroger has acquired seven convenience stores that will be remodeled under the Kwik Shop banner and will be operated by Tom Thumb, a wholly-owned subsidiary of Kroger. The Schnucks grocery stores will be converted and re-opened under the Kroger name over the next few weeks.

September 6, 2011

Kroger has announced the promotion of Joe Fey as president of the Quality Food Centers division.

CINCINNATI — Kroger has announced the promotion of Joe Fey as president of the Quality Food Centers division.

Fey, 57, has been VP merchandising for the company's Michigan division. He succeeds Donna Giordano, who was recently promoted to president of the Ralphs division in California.

September 6, 2011

Pfizer has completed its initial cash tender offer for all the shares of drug maker Icagen that it doesn't already own, Pfizer said Tuesday.

NEW YORK — Pfizer has completed its initial cash tender offer for all the shares of drug maker Icagen that it doesn't already own, Pfizer said Tuesday.

Pfizer, which already owns an 11% stake in Icagen, announced Thursday that it would acquire a majority stake in the company. As of Friday, when the initial tender offer period expired, about 4.6 million shares of Icagen had been put up for sale; combined with Pfizer's existing stake, this represents about 64% of the North Carolina-based maker of drugs for pain, epilepsy and inflammation.

September 1, 2011

The CVS Caremark Charitable Trust is helping to support the relief efforts for communities along the East Coast impacted by Hurricane Irene by donating $75,000 to the American Red Cross and distributing supplies to local residents.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, the private foundation managed by CVS Caremark, is helping to support the relief efforts for communities along the East Coast impacted by Hurricane Irene by donating $75,000 to the American Red Cross and distributing thousands of dollars worth of supplies to local residents.

September 1, 2011

Country music star Ty Herndon and former NFL player Kevin Turner joined amyotrophic lateral sclerosis patients Thursday evening at Fenway Park to celebrate the success of CVS/pharmacy’s annual in-store fundraising campaign to support the fight against ALS.

WOONSOCKET, R.I. — Country music star Ty Herndon and former NFL player Kevin Turner will join amyotrophic lateral sclerosis patients Thursday evening at Fenway Park to celebrate the success of CVS/pharmacy’s annual in-store fundraising campaign to support the fight against ALS.

The $4.3 million generated by this year's campaign brings the total amount raised by CVS/pharmacy colleagues and customers for ALS research to more than $27 million.

September 1, 2011

Jewel-Osco is looking to support Hunger Action Month by once again launching a campaign that will benefit multiple food banks in Illinois and Indiana.

ITASCA, Ill. — Jewel-Osco is looking to support Hunger Action Month by once again launching a campaign that will benefit multiple food banks in Illinois and Indiana.

September 1, 2011

Retail same-store sales held steady with a 4.9% gain in August as retailers reported mostly solid back-to-school results at the same time sales at department stores were hurt by the impact of Hurricane Irene and weaker spending plans by shoppers, Kantar Retail reported on Thursday.

COLUMBUS, Ohio — Retail same-store sales held steady with a 4.9% gain in August as retailers reported mostly solid back-to-school results at the same time sales at department stores were hurt by the impact of Hurricane Irene and weaker spending plans by shoppers, Kantar Retail reported on Thursday. However, shoppers plan on reducing their spending over the next few months, the company reported.

September 1, 2011

Same-store sales at Rite Aid increased by 2.5% for the month of August compared with August 2010, the retail pharmacy chain said Thursday.

CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 2.5% for the month of August compared with August 2010, the retail pharmacy chain said Thursday.

This included a 2.9% increase in front-end same-store sales — including 1.5% coming from sales related to Hurricane Irene — and a 2.3% increase in pharmacy same-store sales, offset by 132 basis points, due to new generic introductions.

September 1, 2011

Sears and Kmart stores announced that they are supporting emergency relief efforts in a dozen states to help residents recover from Hurricane Irene’s damaging winds and floodwaters.

NEW YORK — Sears and Kmart stores announced that they are supporting emergency relief efforts in a dozen states to help residents recover from Hurricane Irene’s damaging winds and floodwaters.

Sears and Kmart stores will offer discounts on recovery items in stores throughout Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Vermont.

Key discounts include:

Kmart:

September 1, 2011

Walmart and Sam's Club are offering flu shot clinics to customers through their partnership with Mollen Immunization Clinics.

BENTONVILLE, Ark. — Walmart and Sam's Club are offering flu shot clinics to customers through their partnership with Mollen Immunization Clinics.

August 30, 2011

Dollar General results showed that low-end consumers have some spending power and a taste for its brand of discount retail.

GOODLETTSVILLE, Tenn. — Dollar General results showed that low-end consumers have some spending power and a taste for its brand of discount retail.

Sales increased 11.2% to $3.58 billion at the company’s 9,641 stores, while same-store sales increased 5.9% and net income increased 25% to $181 million, excluding nonrecurring charges related to the early repayment of debt. On that same basis, earnings per share increased to 52 cents, four cents better than analysts expected and nearly 24% higher than the prior-year profit of 42 cents.

August 29, 2011

The news that CVS Caremark has appointed a new president of CVS/pharmacy, Mark Cosby, is yet one more page in the new chapter for the Woonsocket, R.I.-based powerhouse.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that CVS Caremark has appointed a new president of CVS/pharmacy, Mark Cosby, is yet one more page in the new chapter for the Woonsocket, R.I.-based powerhouse.

(THE NEWS: CVS Caremark names new president of CVS/pharmacy. For the full story, click here)

August 29, 2011

By the time sales figures for August are tallied, last week's Hurricane Irene may have flooded more than the East Coast seaboard; she may have flooded pharmacy registers, too.

NEW YORK — By the time sales figures for August are tallied, last week's Hurricane Irene may have flooded more than the East Coast seaboard; she may have flooded pharmacy registers, too.

August 29, 2011

Economic troubles and an interest in saving money are just two of the growing number of reasons why it behooves nontraditional retailers to start thinking about offering fresh food in their stores, especially pharmacy retailers.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Economic troubles and an interest in saving money are just two of the growing number of reasons why it behooves nontraditional retailers to start thinking about offering fresh food in their stores, especially pharmacy retailers.

(THE NEWS: Food trips to nontraditional stores — mass, dollar, drug — on rise. For the full story, click here)

August 26, 2011

Grocer A&P officially opened on Friday its new Superfresh store, featuring a full-service pharmacy and expanded international offerings, in Philadelphia’s Northern Liberties neighborhood.

MONTVALE, N.J. — Grocer A&P officially opened on Friday its new Superfresh store, featuring a full-service pharmacy and expanded international offerings, in Philadelphia’s Northern Liberties neighborhood.

The 51,000-sq.-ft. neighborhood store marks A&P’s first new store in Pennsylvania in more than 10 years, and brings nearly 120 new jobs to the community.

August 26, 2011

Procter & Gamble's Charmin brand broke the Guinness World Record for the world's largest toilet roll.

CINCINNATI — Procter & Gamble's Charmin brand broke the Guinness World Record for the world's largest toilet roll.

Charmin said on Friday, which marks National Toilet Paper Day, that the roll measures more than 8 ft. high and a diameter for more than 9 ft. wide and is made entirely of Charmin toilet tissue. The roll was created at P&G's Paper Products company, located outside of Cape Girardeau, Mo., and transported to P&G's headquarters in Cincinnati for the unveiling.

August 24, 2011

Sears announced that it is inviting Facebook users to support America's military members by voting for the Sears Rebuilding Together affiliate program, which they believe is the most deserving.

HOFFMAN ESTATES, Ill. — Sears announced that it is inviting Facebook users to support America's military members by voting for the Sears Rebuilding Together affiliate program, which they believe is the most deserving.

Voting will take place through Sept. 23, and based on total vote tallies, Sears and Rebuilding Together will award 25 overall grants totaling $250,000 to Rebuilding Together affiliates at platinum, gold, silver and bronze levels.

August 23, 2011

CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant.

WOONSOCKET, R.I. — CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant — which was entered into on May 25, 2007 — for the benefit of the holders of the notes in connection with the issuance of its 6.302% enhanced capital advantaged preferred securities due 2062.