Content about Economy of the United States

May 26, 2011

If beauty is in the eye of the beholder, then there are plenty of folks beholding Walgreens and its New York palette, Duane Reade. So it should come as no surprise that Walgreens is positioning its heavy hitters against the beauty category, given the number of recent changes Walgreens has made across its beauty facing.

WHAT IT MEANS AND WHY IT’S IMPORTANT — If beauty is in the eye of the beholder, then there are plenty of folks beholding Walgreens and its New York palette, Duane Reade. So it should come as no surprise that Walgreens is positioning its heavy hitters against the beauty category, given the number of recent changes Walgreens has made across its beauty facing.

May 26, 2011

Walgreens on Wednesday promoted Mike Spear to divisional merchandise manager of the retailer’s personal care division and announced that Lauren Vondrasek is transitioning to the company’s beauty merchandising unit, which is headed by Barbara Larson.

DEERFIELD, Ill. — Walgreens on Wednesday promoted Mike Spear to divisional merchandise manager of the retailer’s personal care division and announced that Lauren Vondrasek is transitioning to the company’s beauty merchandising unit, which is headed by Barbara Larson.

Spear has more than 20 years of retail experience, most recently as director of category planning at Walgreens.

May 25, 2011

Procter & Gamble's Tide brand is bringing its mobile laundry program to Missouri to provide free laundry services to victims of the recent tornadoes in the area.

CINCINNATI — Procter & Gamble's Tide brand is bringing its mobile laundry program to Missouri to provide free laundry services to victims of the recent tornadoes in the area.

Tide's Loads of Hope will arrive in Joplin, Mo., on Thursday and is encouraging residents and workers to drop off their laundry to be washed, dried and folded, free of charge.

May 24, 2011

CVS Caremark outlined on Tuesday at a consumer health engagement conference the results of a personalized consumer communications program designed to encourage patients to take their medications as doctors direct.

WOONSOCKET, R.I. — CVS Caremark outlined on Tuesday at a consumer health engagement conference the results of a personalized consumer communications program designed to encourage patients to take their medications as doctors direct.

Early results of the program showed increases in consumers signing up for automatic prescription refills and more readily substituting branded medications for generic medicines to lower costs.

May 24, 2011

Creative agency Kaplan Thaler Group has been tapped to run Supervalu’s latest ad campaign, according to a blog posted on the Kaplan Thaler Group site Monday.

NEW YORK — Creative agency Kaplan Thaler Group has been tapped to run Supervalu’s latest ad campaign, according to a blog posted on the Kaplan Thaler Group site Monday.

As lead creative agency, the Kaplan Thaler Group’s responsibilities will encompass advertising, digital and direct marketing across all Supervalu banners, including Acme, Albertsons, Cub Foods, Farm Fresh, Jewel-Osco, Shaw’s/Star Market, Shop ‘n Save, Shoppers Food & Pharmacy, Hornbacher’s and Save-A-Lot.

May 23, 2011

It was a busy 2011 Annual Meeting. And DSN covered it all.

CVS Caremark’s Larry Merlo passed the NACDS chairman’s gavel to H-E-B’s Bob Loeffler. Tom Ryan and Mary Sammons were first-time-ever co-recipients of the Sheldon Fantle Lifetime Achievement Award. NACDS announced it would consolidate its show calendar in 2013. … It was a busy 2011 Annual Meeting. And DSN covered it all. If you missed our Show Dailies, click here to see what our cameras saw.

May 23, 2011

Neither one of the co-
recipients of this year’s Fantle Award would want you to call it the end of an era. 


Neither one of the co-
recipients of this year’s Fantle Award would want you to call it the end of an era. 


May 23, 2011

Rite Aid has appointed David Kelly as group VP construction, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid has appointed David Kelly as group VP construction, the retail pharmacy chain said Monday.

Kelly, who has worked in real estate and development for more than 25 years, will start work May 31 and will have overall responsibility for all store planning and construction services, in addition to having a role in various segmentation initiatives, including Wellness, value and co-branded Save-A-Lot/Rite Aid stores. He will report directly to SVP, CFO and chief administrative officer Frank Vitrano.

May 23, 2011

GNC on Monday announced an exclusive licensing agreement with Shadow Beverages and Snacks, the producer and distributor of Ironclad Energy + Hydration and No Fear Energy drinks.

PITTSBURGH — GNC on Monday announced an exclusive licensing agreement with Shadow Beverages and Snacks, the producer and distributor of Ironclad Energy + Hydration and No Fear Energy drinks.

The deal is expected to push the GNC brand name beyond its retail base and partnership with Rite Aid in the drug channel. Under the terms of the licensing agreement, Shadow Beverages and Snacks will produce a line of ready-to-drink products that will be marketed under the GNC brand.

May 23, 2011

Rite Aid has raised more than $50 million for Children’s Miracle Network Hospitals since becoming a sponsor in 1994, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid has raised more than $50 million for Children’s Miracle Network Hospitals since becoming a sponsor in 1994, the retail pharmacy chain said Monday.

Rite Aid stores have been selling $1 paper Miracle Balloons since April in a campaign that will end Saturday, having raised $2.9 million so far this year. To mark the $50 milestone, celebrations will take place at stores in Bronx, N.Y.; Buffalo, N.Y.; Hershey, Pa.; Norfolk, Va.; and Eugene, Ore.

May 23, 2011

Kmart parent company Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in a Securities and Exchange Commission filing.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in a Securities and Exchange Commission filing.

Collins will remain with the company until June 10 in order to ensure a smooth transition, Sears noted in the filing.

May 23, 2011

The Food and Drug Administration has approved a Pfizer drug for treating pancreatic tumors.

NEW YORK — The Food and Drug Administration has approved a Pfizer drug for treating pancreatic tumors.

Pfizer announced Friday the approval of Sutent (sunitinib malate) for the treatment of progressive, well-differentiated pancreatic neuroendocrine tumors in patients with locally advanced disease that can’t be removed through surgery. Pancreatic NET is a rare cancer reported in 2 million to 4 million people worldwide every year.

May 20, 2011

Walmart and Target are the top go-to shopping destinations for college students, according to a new study.

OBERLIN, Ohio — Walmart and Target are the top go-to shopping destinations for college students, according to a new study.

May 19, 2011

Kmart parent company Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million to $195 million, or between $1.35 and $1.81 per diluted share.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million to $195 million, or between $1.35 and $1.81 per diluted share.

The company reported 2010 net income of $16 million, or 14 cents per diluted share.

May 18, 2011

CVS/pharmacy is helping its shoppers save money on gas this summer with a new program that enables customers to earn free gas by purchasing select items at its stores nationwide.

WOONSOCKET, R.I. — CVS/pharmacy is helping its shoppers save money on gas this summer with a new program that enables customers to earn free gas by purchasing select items at its stores nationwide.

With gas prices reaching $4 per gallon nationally, CVS/pharmacy is offering members of its ExtraCare Rewards program the ability to earn one $10 gift card to Exxon/Mobil, Shell, BP Amoco or BP Arco every week by spending $30 on specially marked items found in the weekly CVS/pharmacy circular. The program runs from May 22 to Aug. 28.

May 17, 2011

Procter & Gamble is taking its packaging for three of its laundry products to the past.

CINCINNATI — Procter & Gamble is taking its packaging for three of its laundry products to the past.

The company said that its Bounce, Downy and Tide brands will sport a retro look for a limited time, giving a nod to P&G's past advertising for the products.

Tide, Bounce and Downy vintage packages will be available at Target from May 22 through June 10. What's more, P&G will feature $1-off coupons for Tide and Bounce and 75-cent coupons for Downy in Sunday newspapers nationwide on May 29.

May 17, 2011

Kraft said its namesake and Polly-O brands are offering families summer fun through a partnership with Six Flags.

GLENVIEW, Ill. — Kraft said its namesake and Polly-O brands are offering families summer fun through a partnership with Six Flags.

From May 15 through Aug. 31, consumers that purchase specially marked Kraft and Polly-O string cheese or twists products can redeem the packages for discounted tickets to Six Flags.

Polly-O packages are good for one free kid's ticket (under 10 years old) with the purchase of a general admission ticket on weekdays (up to a $34.99 value) or $15 off general admission any day. Kraft packages are good for $15 off general admission any day.

May 17, 2011

Supermarket chain Publix has confirmed the termination of the lease arrangements with The Little Clinic within select store locations in Florida and Georgia.

LAKELAND, Fla. — Supermarket chain Publix has confirmed the termination of the lease arrangements with The Little Clinic within select store locations in Florida and Georgia.

The move marks the end of Publix’s five-year partnership with The Little Clinic, which is part of Solera Capital’s portfolio. Solera Capital had acquired The Little Clinic’s predecessor in 2005.

In 2010, private investment fund Solera Capital sold the remainder of its Little Clinic business to Kroger. Those Kroger-owned Little Clinic locations are not closing.

May 17, 2011

Walmart reported first-quarter earnings that were above the company's guidance, reflecting stability and strength in global operations, according to company president and CEO Mike Duke.

BENTONVILLE, Ark. — Walmart reported first-quarter earnings that were above the company's guidance, reflecting stability and strength in global operations, according to company president and CEO Mike Duke.

Walmart's net income was $3.4 billion, or 98 cents per diluted share, compared with net income of $3.3 billion, or 87 cents per diluted share.

May 16, 2011

CVS Caremark announced on Monday that it will be launching a pilot of a real-time, integrated electronic prior authorization capability, available to its PBM clients, to help speed access to prescription medications.

WOONSOCKET, R.I. — CVS Caremark announced on Monday that it will be launching a pilot of a real-time, integrated electronic prior authorization capability, available to its PBM clients, to help speed access to prescription medications.

May 16, 2011

Eastman Kodak Co.'s board of directors has named a new VP.

ROCHESTER, N.Y. — Eastman Kodak Co.'s board of directors has named a new VP.

The company said that Augustin Melendez will take on his new role immediately. Since joining Kodak in 2000, Melendez has held multiple senior leadership roles in human resources. He currently serves as chief diversity and community affairs officer and human resources director for Kodak's graphic communications group.

May 13, 2011

Life doesn’t give you too many of those Magic 8 Ball moments, at least not the kind you can find at the pharmacy counter. Just ask the 8 Ball if medicine compliance is important for retail pharmacy, and the answer undoubtedly will come back, “It is decidedly so.”

WHAT IT MEANS AND WHY IT’S IMPORTANT — Life doesn’t give you too many of those Magic 8 Ball moments, at least not the kind you can find at the pharmacy counter. Just ask the 8 Ball if medicine compliance is important for retail pharmacy, and the answer undoubtedly will come back, “It is decidedly so.”

(THE NEWS: Surgeon general, NCL introduce Script Your Future campaign. For the full story, click here)

May 13, 2011

As reported, CVS Caremark's annual meeting of stockholders was of special importance as it marked the beginning of a new chapter for both CVS Caremark and its former chairman and CEO Tom Ryan, who officially retired from the company after more than 30 years of service.

WHAT IT MEANS AND WHY IT'S IMPORTANT — As reported, CVS Caremark's annual meeting of stockholders was of special importance as it marked the beginning of a new chapter for both CVS Caremark and its former chairman and CEO Tom Ryan, who officially retired from the company after more than 30 years of service.

(THE NEWS: CVS' Merlo outlines factors for future growth. For the full story, click here)

May 13, 2011

Walgreens is 10 stores into transforming the popular Happy Harry’s Delaware pharmacy brand into Walgreens stores both inside and out, the News Journal, a Delaware daily, reported earlier this week.

HOCKESSIN, Del. — Walgreens is 10 stores into transforming the popular Happy Harry’s Delaware pharmacy brand into Walgreens stores both inside and out, the News Journal, a Delaware daily, reported earlier this week.

By the end of the year, Happy Harry’s will be no more. Walgreens acquired Happy Harry’s in 2006, but decided to keep the venerable brand name at the time.

May 12, 2011

CVS Caremark has announced that it was selected as 1-of-20 finalists for the 2011 URAC Awards for Best Practices in Health Care Consumer Empowerment and Protection.

WOONSOCKET, R.I. — CVS Caremark has announced that it was selected as 1-of-20 finalists for the 2011 URAC Awards for Best Practices in Health Care Consumer Empowerment and Protection.

The accreditation organization will honor the finalists during the URAC 12th Annual Quality Summit on Oct. 4 to 6 in Chicago.