Strategy

Woonsocket, R.I. -- CVS Health is making a series of organizational changes to further drive enterprise alignment and fuel its growth strategy.

The changes include:

•The promotion of Josh Flum to executive VP, pharmacy services. In addition to overseeing retail pharmacy operations, pharmacy professional services, and payer relations, Flum will also have oversight of a new Enterprise Product Innovation and Development team, and a new Enterprise Pharmacy Growth team.

Dublin, Calif. -- Ross Stores recently opened 32 Ross Dress for Less stores and five dd’s Discounts locations across 15 different states. The openings are part of the off-price retailer’s 2015 expansion plans to open a total of approximately 90 stores in 2015 (70 Ross and 20 dd’s Discounts).

Minneapolis – Target Corp. laid off 1,700 mostly headquarters employees on Tuesday and is eliminating 1,400 open positions. According to the Minneapolis/St. Paul Business Journal, Target notified employees of the workforce reduction in an email.

The cuts are part of a two-year, $2 billion corporate restructuring. Roughly 13% of the jobs in Target’s Minneapolis workforce will be eliminated, the report noted.

CVS Health is making a series of organizational changes to further drive enterprise alignment and fuel its growth strategy.

The changes include:

Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the acquisition of the former Baytown Seafood establishment situated on 30,000 sq. ft. of land in Houston.

The property is located at the cross streets of I-10 East and Haden Road. Baker Katz plans to demolish the current building to construct an 8,000-sq.-ft. building occupied by a combination of restaurant and retail tenants.

Arlington, Va. -- Data-driven energy management systems provider GridPoint announced that Boddie-Noell Enterprises, the largest Hardee’s franchise operator in the United States, has deployed GridPoint’s state-of-the-art solution at a majority of its 334 restaurants, with plans to deploy to the remaining sites in 2015 and beyond.

Retailing Today's sister publication Chain Store Age reported this week that new concepts remain the lifeblood of retail.

New York -- Juicy Couture, which was acquired by Authentic Brands Group in 2013, may no longer be a coveted brand in the United States, but it is still has great appeal in foreign markets. The company expects to open 133 stores (through its various licensing partners) during the next five years, according to Women's Wear Daily.

Juicy will open 31 international locations in eight countries this year, the report said. Three of the countries — India, South Africa and Azerbaijan — will be new market entries for the brand.