BENTONVILLE, Ark. — Walmart named new head merchants for its Walmart U.S. and Sam’s Club divisions, and designated a successor to its chief financial officer, who is retiring. Steve Bratspies, who most recently served as executive vice president of food for Walmart U.S., has taken the reins as chief merchandising officer of the division. In
VIRGINIA BEACH, Va. — Rite Aid Corp. is recognizing 274 students around the country who are receiving Folds of Honor educational scholarships made possible by a $1.3 million donation from the Rite Aid Foundation’s KidCents program. The celebration kicked off earlier this month at a Virginia Beach Rite Aid store, where Rite Aid president and
CINCINNATI — Kroger Co. has named four executive vice presidents to lead key parts of its business. Mike Donnelly is now EVP of merchandising, Chris Hjelm is EVP and chief information officer, Fred Morganthall is EVP of retail operations, and Mike Schlotman is EVP and chief financial officer. “This new organizational structure will help Kroger
DUBLIN, Ohio — Cardinal Health has opened a research and development facility dedicated to reducing the estimated $5 billion wasted each year in the health care supply chain for devices and implantables. The Healthcare Supply Chain Innovation Lab, a 20,000-square-foot facility in Concord, Mass., will serve as a hub for Cardinal Health to explore innovative
MONTROSE, Pa. — Schenectady, N.Y.-based Price Chopper Supermarkets has acquired Fairway Pharmacy here. Jerry Prusack, owner of Fairway Pharmacy, has joined the Price Chopper team as a pharmacist at the newly acquired location, which will continue to operate until the planned construction of a new pharmacy inside the Montrose Price Chopper is completed. The rest
BELLINGHAM, Wash. — Haggen Inc. has filed for Chapter 11 bankruptcy protection, as the food and drug retailer has struggled since expanding into California via the acquisition of Albertsons and Safeway stores late last year. The filing came a week after Haggen filed a lawsuit against Albertsons LLC and Albertsons Holdings LLC that seeks more
MINNEAPOLIS — Target Corp. executive vice president of merchandising Jose Barra, whose areas of responsibility included the retailer’s pharmacy business, is leaving the company. His departure is the latest in a series of executive changes at Target under chairman and chief executive officer Brian Cornell. Barra was promoted to executive vice president of merchandising last
BENTONVILLE, Ark. — Walmart has hired veteran retail clinic executive Sandra Ryan to head its fledgling Care Clinic business, which was launched in April 2014 and now operates 17 clinics in three states. The appointment of Ryan to the new position of vice president of Walmart Care Clinics suggests that Walmart intends to aggressively roll
WOONSOCKET, R.I. — CVS Health Research Institute experts have urged cardiologists to consider changing their treatment guidelines for patients with high cholesterol as a new class of high-cost medications arrives on the market. A commentary published online in the Journal of the American Medical Association on August 10 argued that the new cholesterol-lowering drugs, known
BOISE, Idaho — Albertsons Cos., the nation’s second-largest supermarket company and one of the biggest retail pharmacy operators, plans to go public. The company filed a registration statement last month with the Securities and Exchange Commission for an initial public offering of common stock. The number of shares to be offered, their price range and
BENTONVILLE, Ark. — Walmart will begin charging most of its suppliers new fees for stocking their products in new stores and for storing them in its warehouses. About 91% of Walmart’s suppliers will be affected, according to a company spokeswoman, who notes that some product categories, including adult beverages and produce, will be exempt. The
MINNEAPOLIS — Kathee Tesija is leaving her post as executive vice president and chief merchandising and supply chain officer at Target Corp., moving into an advisory role with the retailer. The company is conducting an external and internal search for Tesija’s replacement, according to Target chairman and chief executive officer Brian Cornell, who said “this
FAYETTEVILLE, Ark. — The spotlight was on Walmart’s workers, or associates, at the company’s annual shareholders meeting early this month here. Walmart president and chief executive officer Doug McMillon, speaking before a crowd of 14,000 at the Bud Walton arena, told associates that “you are our heros,” and said they would be the key to
FAYETTEVILLE, Ark. – Walmart’s board of directors has elected Greg Penner to serve as chairman. He succeeds Rob Walton, 70, who has served as chairman since 1992. Walmart said Friday that Walton will continue to serve on the board. Penner, 45, is Walton’s son-in-law, and he has served on the retailer’s board since 2008. Last
