Content about Economy of the United States

December 28, 2010
Sears/Kmart to add new online movie download service

Sears has partnered with Sonic Solutions to bring an online movie download service to Sears and Kmart customers.

December 22, 2010
Coca-Cola Foundation awards $4 million in grants to various organizations

The philanthropic arm of Coca-Cola donated funds to 38 organizations that support water conservation, community recycling, active healthy living and education.

December 22, 2010
Hy-Vee notes 11th-hour shoppers this Christmas

Store directors at Hy-Vee said they noticed customers delay to purchase certain items until Christmas Eve.

December 22, 2010
Kodak names chief customer officer

A Kodak corporate VP was appointed chief customer officer this week.

December 21, 2010
CVS Caremark Charitable Trust awards $3.3 million in grants

The CVS Caremark Charitable Trust announced on Tuesday that $3.3 million in grants has been awarded to 72 nonprofit organizations across the country.

December 21, 2010
Pfizer to recall lot of Lipitor

Pfizer on Monday announced that it intends to recall one lot — approximately 19,000 bottles — of Lipitor 40-mg tablets (atorvastatin calcium) distributed in the United States because of one customer’s report of an uncharacteristic odor related to the bottles in which these lots of Lipitor were packaged.

December 21, 2010
Report: Shaw's may be pulled from sale block

Supervalu is having difficulty divesting its New-England-based Shaw’s chain for more than $1 billion, the Wall Street Journal reported Tuesday, and the Minnesota grocery conglomerate may be ready to take down its "for sale" sign.

December 21, 2010
Walmart tops holiday Web traffic

Walmart had high Web traffic numbers for the week ended Nov. 27, which included Thanksgiving and Black Friday, according to data released from Experian Hitwise.

December 20, 2010
Kroger recalls pet food due to possible contamination

Kroger recalled select packages of pet food sold in some of its retail stores because the products may contain aflatoxin, a naturally occurring toxic chemical byproduct from the growth of a certain fungus.

December 17, 2010
Eileen Myers joins The Little Clinic

The Little Clinic has appointed Eileen Myers as director of prevention and health management. She will be responsible for leading the health-and-wellness initiatives and for overseeing the rollout of an expanded scope of services for the clinic operator.

December 17, 2010
Improvements at Rite Aid are on the horizon

Rite Aid is a glass-half-full/glass-half-empty kind of company. If your glass is half full, you’re looking at the sequential improvements in pharmacy margins and front-end comps, and the excitement around the chain’s still-new Wellness+ loyalty program. If your glass is half empty, you’re making note of the seven straight quarters of script declines and the fact that Rite Aid had to lower sales projections … again. Our glass is half full.

December 16, 2010
Court blocks Mullany from joining CVS Caremark

A Delaware judge granted Walmart's request for a preliminary injunction on Wednesday and has blocked — for now — CVS Caremark from hiring former Walmart executive Hank Mullany as president of CVS/pharmacy, according to published reports.

December 16, 2010
ECRM launches Promotional Reflections reports

ECRM on Thursday announced the launch of a series of reports and a new blog on retail circular ads. The new resources provide a unique perspective on retail promotions from Walmart, Kroger, Walgreens, Safeway, Best Buy, OfficeMax, Aldi and 160 additional retailers in the United States and Canada.

December 16, 2010
MinuteClinic forms clinical collaboration with St. Rose Dominican Hospitals

MinuteClinic has entered a clinical collaboration in southern Nevada with St. Rose Dominican Hospitals — members of the Catholic Healthcare West system — to enhance healthcare services provided in communities throughout the Las Vegas metropolitan area.

December 15, 2010
J&J's Alex Gorsky, Sheri McCoy named vice chairmen

Johnson & Johnson on Wednesday announced that Alex Gorsky, currently worldwide chairman of medical devices and diagnostics, and Sheri McCoy, currently worldwide chairman of pharmaceuticals, have been appointed vice chairmen of the executive committee, joining William Weldon, J&J chairman and CEO, in an expanded Office of the Chairman.

December 10, 2010
Kroger aids underinsured, uninsured customers with free flu shot vouchers

In an effort to assure that its customers stay healthy this holiday season, Kroger is offering free flu shot vouchers to the Salvation Army and Feeding America, a leading domestic hunger-relief organization.

December 10, 2010
New marketing executive named at Schnuck's

Supermarket chain Schnuck Markets has appointed a new VP marketing, the company said Thursday.

December 10, 2010
Will Mullany's noncompete agreement undo CVS' succession plan?

CVS Caremark made headlines when it announced late in the day on Dec. 3 that former Walmart executive Hank Mullany had been named president of CVS/pharmacy. However, the wires were soon abuzz with news that Walmart had filed a lawsuit against CVS to block the hiring of Mullany.

December 8, 2010
Carla Cooper named CEO of Daymon Worldwide

A maker of private-brand products has appointed a new CEO.

December 8, 2010
The Little Clinic's accepted provider networks expand

The Little Clinic, which operates clinics inside select Kroger, King Soopers, Fry's Food Stores and Publix Super Markets, has announced the addition of the MultiPlan and PHCS Networks to its group of accepted provider networks.

December 7, 2010
A new team for the New Year

BENTONVILLE, Ark. — As Walmart’s U.S. stores division looks to execute a broad slate of initiatives in the coming year to recharge domestic growth, it does so under the leadership of a new chief executive and a restructured merchandising organization.


December 7, 2010
Annual DSN roundtables draw record crowd


NEW YORK — Walgreens. Costco. CVS Caremark. Rite Aid. H-E-B. Wegmans. Kerr Drug. The list goes on. In all, it was a veritable who’s who of retailing as Drug Store News’ annual Industry 
Issues Summit, which also included a Specialty Pharmacy Roundtable and Diabetes Roundtable, attracted more than 200 attendees — a new attendance record — and featured the most diverse retail panelists to date.


December 7, 2010
Cardinal diversifies 
with Kinray deal


DUBLIN, Ohio — Say goodbye to Kinray, the service-obsessed regional drug wholesaler. But say hello to a more muscular and diversified Cardinal Health.


The wholesale and health services giant announced Nov. 18 it will buy Kinray for $1.3 billion. The buyout, set for completion in early 2011, will be a boon to Cardinal, boosting its customer base to more than 7,000 independent drug stores, extending its reach in the Northeast and adding scale versus its wholesale rivals, McKesson and AmerisourceBergen.


December 7, 2010
Excitement, action return to Walmart aisles

BENTONVILLE, Ark. — Walmart stores have regained a familiar feeling this holiday season, and if senior executives are right, the increased promotional intensity will halt six consecutive quarters of declining same-store sales and put the company on the right track for 2011.


December 7, 2010
Front-end focus: OTC gets in on the ‘Action’


The phrase coined by Sam Walton — “Stack ’em high and let ’em fly!” — is reverberating throughout Walmart again.


The retailer’s back-to-basics strategy is good news for OTC suppliers, because going back to basics at Walmart also means going back to a broader product selection. Between the resumption of Action Alley and a recommitment to assortment, Walmart already has grown its carrying inventory by 4%, and the company plans to grow its inventory at a rate of half the 
expected sales lift.


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