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Three new members join NACDS Foundation's board
PALM BEACH, Fla. — The charitable arm of the National Association of Chain Drug Stores has elected three new members to its board of directors.
The board, which now will expand to 23 members for 2012-2013, include Rite Aid's SVP and chief communications officer Susan Henderson; GlaxoSmithKline VP channel development and sales Joseph Kucharski; and Pfizer Worldwide Pharmaceuticals VP corporate government customers David Moules.
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Coach Q3 profit rises on 17% sales increase
New York -- Coach Inc. posted a higher-than-expected quarterly profit on Tuesday, benefiting from strong sales and improved margins. The company also announced that its board of directors has voted to increase its cash dividend by 33%.
Net income for the third quarter ended on March 31 was a better-than-expected $225 million compared with $186 million a share, a year earlier.
Revenue rose 16.6% to $1.11 billion, just above analysts’ expectations. Same-store sales in the United States rose 6.7%.