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Walgreens Purchases Assets of Memphis Drugstores
Drugstore retailer Walgreens is acquiring the prescription files and certain other assets of 17 Ike’s and Super-D drugstores in the Memphis, TN area from regional chain USA Drug.
Walgreens will purchase the prescription files at each of the 17 locations and transfer them to nearby Walgreens pharmacies. Patients whose prescriptions are being transferred will be notified by letter once the...
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‘The Daily Wrap:’ Wal-Mart, Supervalu, Google
Wal-Mart Recruits Vets for Management
Discount retailer Wal-Mart is one of many U.S. companies recruiting junior military officers who have served in the Iraq and Afghanistan conflicts as managers. Wal-Mart is finding that lieutenants and captains with wartime experience have maturity and leadership abilities many non-veterans their age lack. Source: Fortune
Supervalu Buyout Speculated
Many...
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Private Label CPG Dollar, Unit Sales Continue Growth – Update
For the second straight month, private label CPG dollar and unit sales both rose in February 2010. According to research firm The Nielsen Company, during the four-week period ended February 20, 2010, private label CPG dollar sales climbed 2.4% on an annual basis, while private label CPG unit sales increased 0.9% annually.
Dollar Sales Total $6.92B
Dollar sales of prepackaged, UPC-coded CPG...
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Minority Growth Represents Retail Opportunity
The increasing percentage of the U.S. demographic profile represented by ethnic minorities presents an opportunity to retailers, according to The Nielsen Company. In particular, retailers who sell CPG products and/or engage in mobile retailing can benefit from shifting U.S. demographics.
Minority Growth Offers CPG Potential
By 2050, more than half of the U.S. population will be non-white...
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Smart & Final Prepares CO Expansion
Smart & Final, a California-based non-membership warehouse retailer, is preparing to open a new discount grocery chain in Colorado. According to the Denver Post, the chain will be called SmartCo Foods and feature more produce, meats and bulk food products in a larger retail space than the typical Smart & Final store.
Smart & Final has purchased five vacant stores in the Denver area once owned...
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Consumers Credit Chilled/Fresh Products with Reducing Sick Days
As bitter winter weather batters the country and H1N1 looms with the threat of recurring with little warning, consumers look to their refrigerators for the foods and beverages they believe possess the power to reduce sick days at work and school, according to a TNS Landis US Consumption Universe study published on Foodtrends.com.
Top Products in Produce Aisle and Chilled Case
Not...
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‘The Daily Wrap:’ Wal-Mart, RadioShack, Burger King
Wal-Mart Enters Digital Download Biz
Discount retailer Wal-Mart is set to acquire VUDU, Inc., a provider of digital technologies and services that enable the delivery of entertainment content directly to broadband high-definition TVs and Blu-ray players. The deal is expected to close within the next few weeks. Source: Wal-Mart Stores, Inc.
Burger King Rolls Out New Broiler
Fast food retailer...
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Walgreens to Acquire Duane Reade for $1.1B
Following a 12-month span that included a number of small-scale acquisitions of stores from regional drugstore chains, Walgreens is making a major splash by purchasing New York drugstore retailer Duane Reade for $1.075 billion in cash.
Under terms of the purchase agreement, Walgreens will obtain all 257 Duane Reade stores in the New York City metropolitan area, as well as the corporate office...
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7-Eleven Enters Quad Cities - Update
Convenience store retailer 7-Eleven, Inc. is continuing an aggressive expansion strategy launched in 2009 by purchasing 16 Mother Hubbard’s convenience stores from parent company MHC Enterprises. The sale is expected to be completed the week of February 22, 2010, according to Convenience Store News.
The stores are located in the “Quad Cities” region comprising the cities of Bettendorf...
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‘The Daily Wrap:’ Abercrombie & Fitch, Wal-Mart, General Mills
Abercrombie & Fitch Plans 35 New Stores Despite Lower Sales
Specialty apparel retailer Abercrombie & Fitch reported declining net sales for both Q4 and fiscal year 2009. Abercrombie, which also reported quarterly and yearly declines in areas such as net and operating income, plans to open about 35 new stores this year, including 30 global mall-based locations of its Hollister banner. Source:...
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