Walgreens Completes drugstore.com Purchase, Wal-Mart Priorities, Old Navy Store Revamp

Published on June 06, 2011 | Comments: 0

Walgreen Co. has completed its acquisition of drugstore.com.

The transaction includes all websites directly owned and operated by drugstore.com, as well as its corporate office and customer service and distribution center operations.

Business & Finance

  • At the company’s annual shareholder meeting, Wal-Mart Stores, Inc. President and CEO Mike Duke discussed Wal-Mart’s priorities for serving the “next generation customer,” including growth, EDLP and EDLC, e-commerce and living better.

Store Design

  • The Old Navy chain of budget-yet-spunky clothing stores is abandoning its old surplus feel and going with a new look that emphasizes ensembles and outfits, not just stacks of $4 T-shirts.
  • Boston Pizza has opened its first-ever urban concept location in downtown Toronto, which features 350 seats, more than 9,400 square-feet of space on two floors, and an outdoor patio.

E-commerce & Multichannel Retailing

  • While it's not clear if "Farmville" ever did anything to inspire future farmers, Marriott International, Inc. is hoping a hotel-themed online game could be a recruiting tool for the hotel industry.

Store Openings & Closings

  • Wegman’s, the New York grocery chain, is planning to build its second Massachusetts store, a 140,000-square-foot supermarket near the Burlington Mall, by the spring of 2013.

Fraud, Theft & Security

  • Nintendo, the manufacturer of the Wii and 3DS game systems, said Sunday that it had been the target of a recent hacker attack, the latest in a flurry of intrusions into corporate Web sites.

Stats & Research

  • A recent Harris Poll on planned spending and saving shows that little has changed for Americans since January when these questions were last asked, and, in many cases not much has changed since late 2009, at the height of the financial crisis.
  • According to the opinions of gamers, expressed in both surveys and online chatter, anticipation is high for Nintendo to deliver as it has so successfully with the Wii since that initial reveal six years ago.
  • comScore data indicates 74.6 million people in the U.S. owned smartphones during the three months ending in April 2011, up 13% from the three-month period ending in January 2011.
  • The Conference Board Employment Trend Index (ETI) declined for the second month in a row in May to 99.7, down from April’s revised figure of 100.1.
  • Unemployment, as measured by Gallup without seasonal adjustment, stood at 9.2% at the end of May -- unchanged from mid-May and down slightly from 9.4% at the end of April.

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