Finance & Capital Management

Camp Hill, Pa. – Rite Aid reported a slight boost in monthly same-store sales but a decreased in year-to-date same-store sales. For the four weeks ended June 29, 2013, same-store sales increased 0.7% from the prior-year period. June front-end same store sales increased 0.4%, while pharmacy same store sales increased 0.9% despite the negative impact of generics.  

James Petty has joined private equity owned Vestis Retail Group as CEO, effective July 8, to drive new growth opportunities.

Petty joins Vestis, parent company of Bob’s Stores and Eastern Mountain Sports, after serving since 2007 as president of retail stores for Carter’s Inc. Petty left Carter’s last December after a restructuring resulted in Carter’s relocating its retail group to its Atlanta headquarters from Connectticut. Prior to Carter’s, Petty held senior roles at Limited Too and Gap, Inc.

Burlington, Mass. -- KeyPoint Partners has released The KeyPoint Report for Eastern Massachusetts/Greater Boston 2013. The report examines supply, occupancy, absorption and retailer expansion and contraction for virtually every retail property in the region. The 2013 report also includes a ten-year historical perspective that discusses the regional retail economy before, during and since the recession.

Orlando, Fla. – A new e-commerce site dedicated to products manufactured in America, MadeInTheUSA.com, launches July 4. The site will feature nearly 1 million products made in the U.S. across all major categories.

Molson Coors Brewing Company has appointed former human resources director of Vodafone Vicky Cookson as the company’s chief people officer for Molson Coors Europe, based in Prague, Czech Republic, effective Sept. 1.

Cookson will report directly to global chief legal and people officer Sam Walker and join the European leadership team led by Mark Hunter. Cookson is human resources executive with international and cross-cultural experience. 

Longtime financial executive and former Walmart U.S. CFO Michael Fung is helping discounter 99 Cents Only modernize inventory systems that have resulted in a series of accounting issues.

Fung, 62, retired from Walmart in early 2012, but was called back into service this past January by the private equity owners of 99 Cents Only. Fung was named interim chief administrative officer at the company to oversee finance, information technology and real estate. In addition, 99 Cents Only board member and former Food Lion president and CEO Richard Anicetti was named interim CEO.

Minneapolis – Target has named former U.S. Senator and Secretary of the Interior Ken Salazar to its board of directors.

Salazar, 58, was a US Senator from Colorado from 2005 to 2009. He was named Secretary of the Interior in January 2009 and stepped down in April 2013. Last month, he became a partner for the international law firm WilmerHale. Salazar is the 12th member of Target's board.

Mary Dillon resigned from the board of directors of Target last month after she was named CEO of Ulta Salon, Cosmetics & Fragrance Inc.

New York -- RadioShack Corporation has opened the first of the next generation of stores scheduled to roll out across the country and around the world over the next several months.