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Brian Cornell

Tritton becomes chief merchant at Target

MINNEAPOLIS — Target Corp. has hired Mark Tritton as its chief merchandising officer, a role that allows him to determine what appears on store shelves. Tritton will have oversight of the company’s buying, product design and development, sourcing, and store ­displays. Target hired Tritton after a yearlong search. He succeeds Kathee Tesija, a Target veteran

Target lands Nordstrom exec as chief merchant

Target lands Nordstrom exec as chief merchant

MINNEAPOLIS — Nordstrom executive Mark Tritton has joined Target Corp. as executive vice president and chief merchandising officer. Target said Tuesday that Tritton will oversee enterprise buying, product design and development, sourcing, visual merchandising strategy, and merchandising transformation and operations. “I’m proud to be joining Target, a brand that I’ve long studied and admired,” Tritton

Execs honored with Retailer of the Year awards

Execs honored with Retailer of the Year awards

NEW YORK — Racher Press Inc., the publisher of Chain Drug Review and Mass Market Retailers, presented its 2015 Retailer of the Year awards last evening in New York City. The annual event drew retailer and supplier executives from across the food, drug and mass channel to a ballroom at the new headquarters of Time

CVS launches first pharmacies within Target stores

CVS launches first pharmacies within Target stores

WESLEY CHAPEL, N.C. — CVS Health has debuted its first rebranded pharmacies inside Target Corp. stores. The pharmacies, in six stores in North Carolina, are being operated through a store-within-a-store format under the CVS/pharmacy banner. CVS, which completed its $1.9 billion purchase of Target’s 1,672 pharmacies and 79 clinics in December, will rebrand the prescription

CVS Pharmacy makes Target debut

CVS Pharmacy makes Target debut

WOONSOCKET, R.I., and MINNEAPOLIS — The first CVS pharmacies have opened in six Target discount stores in North Carolina. Branded as CVS Pharmacy, the pharmacies are being operated as store-within-a-store departments and are located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, N.C. Executives from CVS Health and Target Corp. — including CVS Pharmacy

CVS takes ownership of Target pharmacies

WOONSOCKET, R.I. — CVS Health Corp. has completed the acquisition of Target Corp.’s pharmacy and clinic businesses, making CVS the No. 1 drug chain by store count and sales. With the closing of the $1.9 billion deal, CVS has picked up Target’s 1,672 pharmacies across 47 states, giving it more than 9,500 prescription counters. Walgreens

CVS closes purchase of Target pharmacies, clinics

CVS closes purchase of Target pharmacies, clinics

WOONSOCKET, R.I., and MINNEAPOLIS — CVS Health has completed its $1.9 billion acquisition of Target Corp.’s pharmacy and retail health clinic business. The companies said Wednesday that Target’s 1,672 pharmacies in 47 states will be branded as CVS/pharmacy and operated under a store-within-a-store format. A CVS/pharmacy will be in all new Target stores that offer

Investment pros: Merlo is top food/drug retail CEO

Investment pros: Merlo is top food/drug retail CEO

Larry Merlo, president and chief executive officer of CVS Health, was named the No. 1 CEO in the food/drug retailing sector by Institutional Investor magazine. Merlo was part of the financial publication’s “2016 All-America Executive Team,” in which more than 2,000 portfolio managers and analysts were asked to name the best CEOs, CFOs and investor

Mulligan becomes chief operating officer at Target

MINNEAPOLIS — Target Corp. has promoted John Mulligan, the company’s chief financial officer, to the newly created role of executive vice president and chief operating officer. Succeeding Mulligan as executive vice president and CFO is Cathy Smith, who previously worked as executive vice president and CFO at Express Scripts, the nation’s largest pharmacy benefit manager.

Barra steps down as Target exec VP

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

Target promotes John Mulligan to exec VP, COO

Target promotes John Mulligan to exec VP, COO

MINNEAPOLIS – Target Corp. announced that is promoting John Mulligan, the company’s chief financial officer, to the newly created role of executive vice president and chief operating officer, effective September 1. Mulligan will assume oversight of stores, supply chain and properties. Succeeding Mulligan as executive vice president and CFO will be Cathy Smith, who previously

CVS, Walgreens take part in youth jobs coalition

CVS, Walgreens take part in youth jobs coalition

CHICAGO — CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people. The coalition has set a goal to engage at least 100,000 “Opportunity Youth” — 16- to 24-year-olds who face systemic

CVS to gain more clout by acquiring Target Rx business

CVS to gain more clout by acquiring Target Rx business

WOONSOCKET, R.I. — Continuing its aggressive growth and diversification, CVS Health has purchased Target Corp.’s pharmacy and clinic businesses for some $1.9 billion. The acquisition propels CVS past Walgreens as the nation’s No. 1 pharmacy operator by market share and store count. CVS will have close to 9,500 prescription counters. Walgreens had 8,232 as of

Target’s chief merchant steps down

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