Content about Investment

November 14, 2013

Dollar General Corporation on Wednesday announced the resignations of Raj Agrawal and Adrian Jones as members of its board of directors, effective Dec. 5, 2013.

GOODLETTSVILLE, Tenn. — Dollar General Corporation on Wednesday announced the resignations of Raj Agrawal and Adrian Jones as members of its board of directors, effective Dec. 5, 2013. Agrawal, a member of KKR, and Jones, a managing director at Goldman Sachs, have served as directors of Dollar General since 2007.

November 12, 2013

Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

For the quarter ended Oct. 5, the company posted sales of Canadian $3.29 billion, up 2.4% compared with the year-ago period. Same-store sales rose 2.2%.

November 8, 2013

The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday.

NEW YORK — The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday

In early morning trading Friday, CVS stock traded at $63.59, up 4 cents; Walgreens at $59.16, down 4 cents; and Rite Aid at $5.17, up 4 cents. 

November 7, 2013

According to a Credit Suisse analysis of the drug channel published Wednesday, drug stores are in for a challenging winter across the front-end with an embattled consumer continuing to hold back and the continued proliferation of dollar stores that are attracting value-driven trips to their channel.

NEW YORK — According to a Credit Suisse analysis of the drug channel published Wednesday, drug stores are in for a challenging winter across the front-end with an embattled consumer continuing to hold back and the continued proliferation of dollar stores that are attracting value-driven trips to their channel. 

November 5, 2013

Walgreens and Alliance Boots on Tuesday announced that Richard Ashworth, Walgreens corporate operations VP for the Western United States, has been appointed as director of health care, health and beauty U.K. and Republic of Ireland at Alliance Boots.

DEERFIELD, Ill. — Walgreens and Alliance Boots on Tuesday announced that Richard Ashworth, Walgreens corporate operations VP for the Western United States, has been appointed as director of health care, health and beauty U.K. and Republic of Ireland at Alliance Boots. He will report to Simon Roberts, managing director, health and beauty U.K. and ROI.

October 31, 2013

NEW YORK — Revlon has named former Colomer Group executive Lorenzo Delpani as president and CEO, effective Nov. 1.

October 30, 2013

Jim Cramer, host of CNBC's "Mad Money," is still bullish on Rite Aid.

NEW YORK — Jim Cramer, host of CNBC's "Mad Money," is still bullish on Rite Aid.

In a segment of "Mad Money Lightning Round" Monday evening, Cramer said of Rite Aid's stock, "I want you to stick with it. They're making a big comeback."

Indeed, the Camp Hill, Pa.-based retail pharmacy chain's stock has been shooting up lately, trading at about $5.26 per share at midday Wednesday after opening at $5.20.

 

October 28, 2013

Shoppers Drug Mart and Morneau Shepell, a provider of employee assistance programs and pension and benefit services, are working together to provide Morneau Shepell's clients with a more convenient way to offer flu vaccines to their employees.

TORONTO — Shoppers Drug Mart and Morneau Shepell, a provider of employee assistance programs and pension and benefit services, are working together to provide Morneau Shepell's clients with a more convenient way to offer flu vaccines to their employees. 

October 24, 2013

Safeway could fetch an asking price of more than $45 per share, estimated Credit Suisse in a research note issued Thursday.

NEW YORK — Safeway could fetch an asking price of more than $45 per share, estimated Credit Suisse in a research note issued Thursday. 

Shares of Safeway were up slightly by 15 cents to $35.73 in early morning trading.

Responding to a Reuters report on private equity firm Cerberus' interest in the supermarket chain, Credit Suisse research analyst Ed Kelly suggested that a Cerberus-Safeway deal would be compelling for the following reasons: 

October 24, 2013

McKesson on Thursday confirmed its proposed acquisition of Celesio, a leading international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, with an agreement to acquire a majority stake in Celesio for €23 per share (US$31.75 per share) and to launch parallel voluntary public tender offers for the remaining publicly traded shares and outstanding convertible bonds of Celesio.

SAN FRANCISCO — McKesson on Thursday confirmed its proposed acquisition of Celesio, a leading international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, with an agreement to acquire a majority stake in Celesio for €23 per share (US$31.75 per share) and to launch parallel voluntary public tender offers for the remaining publicly traded shares and outstanding convertible bonds of Celesio.  

October 23, 2013

All or part of Safeway may be a target for a possible buyout, according to a Reuters report published Wednesday morning citing people familiar with the matter.

NEW YORK — All or part of Safeway soon may be a target for a possible buyout, according to a Reuters report published Wednesday morning citing people familiar with the matter. 

According to the report, several buyout firms, including Cerberus Capital Management, are exploring a deal for the supermarket chain currently valued at $8 billion. 

October 23, 2013

Shoppers Drug Mart is collaborating with online private shopping club Beyond the Rack to provide Shoppers Optimum members with exclusive deals on designer fashions and accessories.

TORONTO — Shoppers Drug Mart is collaborating with online private shopping club Beyond the Rack to provide Shoppers Optimum members with exclusive deals on designer fashions and accessories.

Shoppers Optimum members are invited to join a new subscription-based retail website that offers exclusive savings and rewards on designer fashions and accessories. Those who register can receive special weekly product offers from Beyond the Rack while collecting 10 Optimum points on every dollar spent.

October 18, 2013

Safeway on Friday announced that its board of directors increased the authorized level of the company's stock repurchase program by $2 billion.

PLEASANTON, Calif. — Safeway on Friday announced that its board of directors increased the authorized level of the company's stock repurchase program by $2 billion. Through the end of the third quarter of 2013, Safeway had approximately $0.8 billion remaining under its previously authorized stock repurchase program.

Safeway's stock repurchase authorization does not have an expiration date, and the timing of repurchases will depend on market conditions. 

October 4, 2013

A private equity firm that is a major Rite Aid shareholder has exchanged its preferred stocks for common stock, according to a regulatory filing.

CAMP HILL, Pa. – A private equity firm that is a major Rite Aid shareholder has exchanged its preferred stocks for common stock, according to a regulatory filing.

October 4, 2013

Revlon has announced the departure of CEO Alan Ennis to “pursue other interests.” Succeeding Ennis is David Kennedy, who has been elected as vice chairman and interim CEO.

NEW YORK — Revlon has announced the departure of CEO Alan Ennis to “pursue other interests.” Succeeding Ennis is David Kennedy, who has been elected as vice chairman and interim CEO.

September 27, 2013

Kroger on Friday announced its inaugural listing on the Dow Jones Sustainability Index-North America.

CINCINNATI — The Kroger Co. on Friday announced its inaugural listing on the Dow Jones Sustainability Index-North America.

The Dow Jones Sustainability Index-North America tracks the economic, environmental and social sustainability performance of the top 20% of the 600 largest North America-based companies in the Dow Jones Global Total Stock Market Index.

September 20, 2013

Alliance Boots announced that it is establishing a specialized investment fund, B&B Capital Partners, which will be focused on small- and medium-sized consumer brand businesses within the health, wellness, beauty and personal care sectors.

BERN, Switzerland — Alliance Boots on Friday announced that it is establishing a specialized investment fund, B&B Capital Partners, which will be focused on small- and medium-sized consumer brand businesses within the health, wellness, beauty and personal care sectors.  

The fund will be managed by B&B Investment Partners, a new partnership between Alliance Boots and the two principals of B&B Investment Partners, Chris Britton and Jean-Philippe Barade.

September 20, 2013

Kroger's board of directors raised the quarterly dividend by 10%, to 16.5 cents per share, to be paid on Dec. 1, 2013 to shareholders of record as of the close of business on Nov. 15, 2013.

CINCINNATI — Kroger's board of directors on Thursday raised the quarterly dividend by 10%, to 16.5 cents per share, to be paid on Dec. 1, 2013 to shareholders of record as of the close of business on Nov. 15, 2013.

"This increase reflects the board of directors' continued confidence that our Customer 1st strategy delivers sustainable shareholder value," stated David Dillon, Kroger's chairman and CEO. "Since we reinstated dividends in 2006, Kroger has returned more than $8.3 billion to shareholders through dividends and share repurchases."

September 17, 2013

Safeway on Tuesday announced that it has adopted a one-year stockholder rights plan.

PLEASANTON, Calif. — Safeway on Tuesday announced that it has adopted a one-year stockholder rights plan. 

The company has become aware of an accumulation of a significant amount of the common stock of the company, Safeway stated. The board of directors believes that the rights plan will help promote the fair and equal treatment of all stockholders of the company and ensure that the board remains in the best position to discharge its fiduciary duties to the company and its stockholders. 

September 12, 2013

Dow Jones has named Abbott an industry group leader in its 2013 Dow Jones Sustainability Index, Abbott said Thursday.

ABBOTT PARK, Ill. — Dow Jones has named Abbott an industry group leader in its 2013 Dow Jones Sustainability Index, Abbott said Thursday.

The drug maker said it achieved the top spot among healthcare companies and was one of only 24 companies selected for leading their respective industries, chosen from among 3,000 companies worldwide.

September 10, 2013

Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, has announced that it plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

EL SEGUNDO, Calif. — Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, has announced that it plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

Yucaipa's purchase is slated to be complete within three months. In the meantime, it is expected to be business as usual for most Fresh & Easy stores.

September 9, 2013

Starting next month, licensed insurance agents will be at nearly 2,000 Rite Aid stores for free consultations with customers about the Patient Protection and Affordable Care Act, in conjunction with the start of enrollment in the Health Insurance Marketplace, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Starting next month, licensed insurance agents will be at nearly 2,000 Rite Aid stores for free consultations with customers about the Patient Protection and Affordable Care Act, in conjunction with the start of enrollment in the Health Insurance Marketplace, the retail pharmacy chain said Monday.

September 5, 2013

Are drug stores becoming the new convenience stores? A new survey by The Hartman Group indicates that for many shoppers, the drug store is a destination for convenient purchases.

NEW YORK — Are drug stores becoming the new convenience stores? A new survey by The Hartman Group indicates that for many shoppers, the drug store is a destination for convenient purchases — particularly, food and beverages.

In a survey of 1,900 adults in Seattle and Dallas, the Bellevue, Wash.-based research firm found that when respondents most recently visited drug stores, 24% of trips were for items for immediate consumption, while 29% were stocking up items. Significant percentages of purchases were for OTC, personal care and consumable items.

September 3, 2013

Shoppers Drug Mart, which operates under the Pharmaprix banner in Quebec, has announced that Canada's first and only national women's and girl's running race series expanded to six cities.

QUEBEC CITY, Quebec — Shoppers Drug Mart, which operates under the Pharmaprix banner in Quebec, has announced that Canada's first and only national women's and girl's running race series expanded to six cities.

The Pharmaprix Run for Women Series consists of a 5K, 10K and Little Steps Girls 1K, and includes a motivational talk from an iconic Canadian Olympian in each city. A portion of proceeds and participant donations will go towards women's mental health programs in each of the six race cities.

August 28, 2013

Continuing its effort to offer customers an elevated prestige beauty experience, Canadian pharmacy retailer Shoppers Drug Mart unveiled on Wednesday its second enhanced beautyBOUTIQUE at the Toronto Eaton Centre.

TORONTO — Continuing its effort to offer customers an elevated prestige beauty experience, Canadian pharmacy retailer Shoppers Drug Mart unveiled on Wednesday its second enhanced beautyBOUTIQUE at the Toronto Eaton Centre. 

(Domenic Pilla, president and CEO of Shoppers Drug Mart)

The 4,000-sq.-ft. beautyBOUTIQUE features 21 prestige brands, as well as new fixtures, digital signage, an enhanced fragrance and derm areas.