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Inside This Issue - News
John Standley, president and chief operating officer of Rite Aid Corp., will take over as chief executive officer in June, succeeding Mary Sammons, who will continue to serve as chairman until June 2012. In an effort to boost efficiencies, cut costs and get closer to the consumer, Walmart has undertaken a major structural reorganization. Health care reform will apparently come later rather than sooner. With the shift of one Senate seat, last year’s most pressing issue for President Barack Obama and the Democratic majority in Congress has moved to the back burner. Health Mart, McKesson Corp.’s nationwide network of independently owned pharmacies, has set a milestone with the addition of its 2,500th pharmacy. In support of its efforts to add perishable food offerings to many of its stores, Walgreen Co. has hired veteran convenience store executive Jim Jensen to serve as its new divisional merchandise manager of fresh foods. Duane Reade Inc. has launched a new customer rewards program. CVS Caremark Corp. is expanding its reach in terms of the markets it serves and the savings it provides to customers. Navarro Discount Pharmacies has opened a pediatric prescription window at one of its Miami outlets. Rite Aid Corp. has moved two executives into new positions.
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