Grocer A&P has entered into a new supply and logistics agreement with its principal wholesale supplier, C&S Wholesale Grocers, that is estimated to generate a run rate of more than $50 million in annual savings. The revised contract must be approved by the bankruptcy court.
Weis Markets streamlined its internal connection between wellness and pharmacy earlier this year with an organizational restructuring that folded the Weis Lifestyle Initiatives department, led by registered dietitian Karen Buch, into the grocer’s pharmacy division. It is the first official move by a supermarket retailer to literally draw a direct line between food and pharmacy.
What will define success for CVS Caremark in the years ahead? If you ask incoming CEO Larry Merlo, it all comes down to three things: flawless execution, cross-functional thinking and management, and enhancing value. Not coincidentally, those are three key reasons Merlo inherited the top spot at the company.
In a swift move by Walmart, Duncan Mac Naughton has been appointed the retailer's chief merchandising officer for its U.S. division, less than three months after being named the company's merchandising EVP.
This installment of Business of Beauty includes L'Oréal's 100 years in beauty, a roundup of color cosmetics sales in 2008, Coty's success with Del Labs, Revlon's restructuring, value products' effect on the hair category, shopper buzz and more.