Strategy

Drug Store News is out with its Annual Prescriber Report which makes for interesting reading for those involved in the pharmacy business or interested in where the health care industry is heading. The report is available in digital format by clicking here. The digital interface is high quality so be patient.

So far so good. The third quarter at Target is off to a solid start as Target reported a 4.1% same-store sales increase that was squarely in the middle of the company’s guidance range, which called for an increase in the low to mid single digits.

DEERFIELD, Ill. — Walgreens reported that total sales for August were $6.1 billion, an increase of 7.8% from $5.66 billion for the same month in 2010. Total front-end sales increased 6.8% in August, while comparable store front-end sales increased 4.8%. Customer traffic in comparable stores increased 2.5% and basket size increased 2.3%.

Walgreens said Hurricane Irene had no significant net effect on total sales.

The economic challenges sweeping the country have been tough, but, like most things in life, it’s not the challenging times that define you, but what you do during them. For leaders in the retail industry the last few years have led to great innovation, providing the retail industry every opportunity to reinvent in areas across their operations including in the area of environmental sustainability. 

CINCINNATI — Kroger has announced the promotion of Joe Fey as president of the Quality Food Centers (QFC) division.

Fey, 57, has been VP merchandising for the company's Michigan division. He succeeds Donna Giordano, who was recently promoted to president of the Ralphs division in California.

SAN BERNARDINO, Calif. — Stater Bros. Supermarkets, which operates 167 stores in Southern California, announced that it will be the title sponsor of the largest car show on the West Coast as well as the largest Supermarket Chain sponsored event in America.  

The Stater Bros. Route 66 Rendezvous will be held from Thursday, Sept. 15 through Sunday, Sept. 18 along the historic streets of downtown San Bernardino.  This is the 15th straight year that Stater Bros. has been the title sponsor.

DALLAS — Zale Corp. announced that Brad Furry has been named SVP, CIO. Furry will have responsibility for all information technology strategy and operations functions throughout the company. He will report to Matt Appel, chief administrative officer and CFO.

“We are pleased to welcome Brad to the Zale team. Brad has a demonstrated track record of leveraging information technology in a retail environment,” said Matt Appel. “I am confident he will elevate the impact of technology on our efforts to return the company to profitability.”

New York City -- Walgreens said same-store sales rose 5.6% in August, better than expectations, helped by a calendar day shift.

Same-store front-end sales  rose 4.8%, while same-store pharmacy sales rose 5.2% in August. Overall, net sales rose 7.8%, to $6.1 billion. Total sales for the fourth quarter of fiscal 2011, which ended Aug. 31, were $17.94 billion, up 6.4% from the year-ago period.

Richardson, Texas -- Restaurant chain Wingstop said it has executed development agreements with franchise operators to open 15 new Wingstops in the Atlanta market.

Three development agreements, including an 11-store deal with Tomahawk Brands LLC, will allow the Texas restaurant chain to expand its Atlanta presence from two locations to 17. The first unit under the new agreements is slated to open in early 2012.

Corpus Christi, Texas -- Shopping mall La Palmera said that one of its major tenants, P.F. Chang’s China Bistro, received a LEED (Leadership in Energy and Environmental Design) gold certification, the restaurant’s first, for its location at the Corpus Christi, Texas, mall.