Content about Economy of the United States

December 7, 2010


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.


December 7, 2010

Looking to bolster sales and better serve its customers, Walmart has stepped up its engagement with suppliers to review its assortment and bring in more new and innovative products — and the beauty department is no exception.


December 7, 2010


NEW YORK — Macy’s is complementing its traditional beauty counters with an open-sell space of niche beauty brands, dubbed Impulse Beauty.


By October, the open-sell concept had made its way into more than 50 Macy’s stores across the country, including the Herald Square location in New York. An additional 50 Macy’s stores will debut the concept in 2011.


December 7, 2010

BENTONVILLE, Ark. — Sam’s Club promises to be an even more formidable competitor in the health-and-wellness space in the years ahead, judging from the strategic priorities now in place as part of a broad-based strategy known as Project Portfolio.


December 7, 2010


BENTONVILLE, Ark. — Walmart’s Neighborhood Market concept finally is getting its due more than 12 years after the first unit opened in late 1998. Next year, the company expected to open between 30 and 40 small stores, the majority of which will be Neighborhood Market units, in addition to a handful of pilot stores measuring less than 30,000 sq. ft. that the company views as a potential growth vehicle for either urban or rural markets.


December 7, 2010

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. The most obvious change is the return of branded feature displays and four-sided fixtures to the main aisles of Walmart’s 3,600 U.S. supercenters and discount stores. As Walmart has moved in a new and familiar direction under a different senior leadership team and a restructured merchandising organization focused on the familiar brand promise of everyday low prices, it has sought to retain the best elements of its Project Impact strategy while modifying those that negatively affected sales, the most notable of which was the elimination of feature displays.

December 6, 2010

NBTY on Monday named Jeffrey Nagel to the CEO post, succeeding Scott Rudolph, who will maintain his position as chairman.

December 6, 2010

Two-and-a-half years after joining the company, Robin Michel is leaving as president of the Giant-Landover division of Ahold USA to pursue other opportunities, the company confirmed Monday.

December 6, 2010

Pfizer president and CEO Jeffrey Kindler has retired from the company, the drug maker said Sunday. Ian Read, who currently heads Pfizer’s global biopharmaceutical operations and has worked for the company since 1978, will succeed him.

December 3, 2010

CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry Merlo as president of CVS/pharmacy. The move is part of the corporate succession plan announced last May in which Tom Ryan will retire as CEO prior to the next annual meeting and Merlo will step up as CEO.

December 3, 2010

Walgreens saw a rise in sales across the board for the month of November and fiscal first quarter 2011, the drug store chain said Friday.

December 2, 2010

Industry veteran Bob Kwait, chairman and COO of Bob Kwait Consulting Group, and FreshDirect chairman and CEO Richard Braddock were honored Wednesday during the 2010 Consumer Products "Good Scout" Award Luncheon in New York.

December 2, 2010

CVS Caremark announced on Thursday that it has been awarded pharmacy benefit management and drug therapy management accreditation from URAC, a healthcare accrediting organization that establishes quality standards for the healthcare industry ...

December 2, 2010

Shortly after testing its PYNK system in CVS/pharmacy locations in the Westchester County, N.Y., area, Kodak officially is rolling out the photo kiosks at 5,000 CVS/pharmacy stores nationwide.

December 2, 2010

Kroger's third-quarter revenue, including fuel, leaped 5.9% to $18.7 billion, the supermarket giant reported Thursday ...

November 30, 2010

The old saying, "An apple a day keeps the doctor away," has been revamped by Publix.

November 22, 2010

Bringing its health and prescription services as close to college students in its home state as possible, Walmart revealed plans to open a retail pharmacy in a new, scaled-down Walmart store on the campus of the University of Arkansas ...

November 21, 2010

Pfizer has extended the deadline of its $3.6 billion offer to buy King Pharmaceuticals, Pfizer...

November 18, 2010

One of the Big Three in pharmaceutical wholesaling is about to get a lot bigger....

November 18, 2010

The customer care team of CVS Caremark's pharmacy benefit management business earned a silver medal...

November 17, 2010

All Kids Can, a program of the CVS Caremark Charitable Trust and VSA, the international...

November 17, 2010

MinuteClinic, CVS Caremark's network of walk-in medical clinics, was highlighted as a breakthrough innovator in...

November 17, 2010

Former Walmart executive Jack Shewmaker passed away Wednesday evening. He was 72....

November 16, 2010

Procter & Gamble and Walmart are continuing their Family Movie Night initiative with a third...

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