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Supervalu announces departure of CFO, general counsel
Minneapolis -- Supervalu president and CEO Sam Duncan announced Wednesday some major changes to his executive leadership team.
CFO Sherry Smith will leave the company, effective May 30, and no replacement has yet been named. Smith is a 26-year veteran of the company and has served as EVP and CFO since December 2010.
General counsel Todd Sheldon will also leave the company, effective May 30, to be replaced by Karla Robertson, who has been named EVP for legal, effective immediately.
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Walgreens reports March sales increase of 2.3%
Deerfield, Ill. -- Walgreens reported Wednesday that sales for the month of March increased 2.3% to $6.2 billion.
Total front-end sales increased 5.4% compared with the same month in fiscal 2012, while same-store front-end sales increased 4.2%. Front-end sales will have benefited from a March 31 Easter — last year Easter sales fell in April. As a result Walgreens said it will report combined comps for March and April with its April sales results.