-
Tough year, tough quarter for Neiman Marcus
The nation’s premier luxury department store retailer posted declines in profit and revenue for fiscal 2016. For the full year, Neiman Marcus Group posted a $406.11 million loss, compared to an income of $14.95 million in 2015. For the fourth quarter, the retailer posted a loss of $407.25, compared to a loss of $32.88 million in the year-ago period. -
Former Walgreens president, CEO and chairman dies
Charles R. (Cork) Walgreen III, former president, CEO, chairman of the board, and chairman emeritus of the iconic U.S.-based drug store chain Walgreens, died at on Monday, Sept. 26, at his home in Lake Forest, Ill. He was 80.
Walgreen was the grandson of Charles R. Walgreen Sr., founder of the 115-year-old pharmacy retailer that now is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance.

