Marketing

CVS has named Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

Cosby has led the company’s retail business since October 2011, including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.

Brooklyn, N.Y. – 3-D printer manufacturer MakerBot has reportedly opened its first Boston retail store, and third store overall. According to the Boston Globe, MakerBot opened the store, located on Newbury Street, Nov. 21.

Plano, Texas – J.C. Penney will no longer be included on the Standard & Poor’s 500 Index.  

Dow Jones Indices, which manages the S&P 500 as well as many other financial indices, said on Nov. 22 that Allegion, an Ireland-based provider of mechanical and electronic security products, will replace Penney on the S&P 500. Penney will join the S&P MidCap 400. The change will become effective after the stock market closes on Nov. 29.

Suffern, N.Y. -- David Jaffe, president and CEO of Ascena Retail Group, has been named the National EY (Ernst & Young) Entrepreneur of the Year Family Business Award of Excellence winner, recognized for building a company with multiple retail brands.

Former Accenture CFO Pamela Craig has joined the Walmart board and will serve on the retailer’s audit committee involved in a two year old investigation related to the Foreign Corrupt Practices Act.

Minerco Resources, parent company of Level 5 Beverage Company, has appointed beverage executive Darin Ezra to Level 5’s board of directors.

Ezra will take a leadership role in both the tactical and strategic direction of the company. He has more than 15 years of experience in the packaged consumer goods industry.

Ezra co-founded Power Brands Consulting in 2006 and serves as its CEO. Power Brands has been party to the development of more than 500 beverage brands.

Deerfield Park, Ill. – Walgreens is opening a new joint store with Johns Hopkins Medicine adjacent to the medical school’s campus in Baltimore. The new Walgreens “Well Experience” store offers a normal Walgreens product assortment, as well as health services including student health services, a healthcare clinic, and chronic disease education.

The healthcare clinic is staffed by board-certified nurse practitioners, marking the first Walgreens in-store retail clinic in the state of Maryland.

The Fresh Market experienced an unanticipated sales slowdown across its store base, which it attributes to changing economic conditions and softening consumer confidence. Despite the slowdown, the company’s comparable-store sales grew and its gross margin expanded.