DEERFIELD, Ill. — Timothy McLevish has been named executive vice president and chief financial officer at Walgreen Co., taking over from Wade Miquelon, who left to pursue other opportunities. Tim McLevish McLevish will lead all of Walgreens’ finance functions as the company prepares to move forward with the proposed second step of its strategic partnership
CAMP HILL, Pa. — Rite Aid Corp. and McKesson Corp. have expanded their distribution agreement to cover a longer time frame and include both generic and brand-name drugs. The companies said Tuesday that the new five-year agreement runs to March 2019. The deal marks a second extension of Rite Aid and McKesson’s primary distribution relationship.
As if the obvious needed to be stated, the period of slow, evolutionary change in the retailing environment for drug, food and convenience items is long over. The arrival of pure-play e-commerce companies to food, drug and beauty retailing marked the end of evolutionary and the beginning of truly explosive revolutionary change. The battlefield is
DEERFIELD, Ill. — Illustrating technology’s paramount role in marketing, Walgreen Co. has promoted e-commerce president Sona Chawla to the newly created role of digital and chief marketing officer. Sona Chawla Walgreens said Thursday that Chawla will lead a new Digital and Marketing Division. The unit is charged with unifying and integrating digital, companywide marketing and
Many retailers today are immersed in building multichannel capabilities. The multichannel wave has led to many good initiatives, making it easier for customers to interact with retailers across distinct channels, including fast-growing mobile channels. For example, A.T. Kearney’s Future Role of Stores research indicates that although 92% of retail sales still occur via traditional channels,
DEERFIELD, Ill. — In a move to expand its e-commerce business and expertise, Walgreen Co. plans to acquire drugstore.com in a deal valued at $409 million. Walgreens said Thursday that under the agreement, it will acquire the drugstore.com web site plus the online retailer’s extensive roster of microsites, led by Beauty.com. Plans call for drugstore.com
ROSEMONT, Ill. — John Lederer, chairman and chief executive officer of Duane Reade, next month is slated to join U.S. Foodservice as president and CEO. The Rosemont, Ill.-based foodservice distributor said Friday that Lederer is slated to join the company on Sept. 8. He will also serve on the board of directors. “John is an
DEERFIELD, Ill. — Walgreen Co. plans to buy metropolitan New York drug chain Duane Reade in a deal valued at nearly $1.1 billion. Under the deal announced Wednesday, Walgreens will acquire Duane Reade from affiliates of its parent company, private equity firm Oak Hill Capital Partners, in a transaction with a total value of $1.075
