Retail

Warrendale, Pa. -- Rue21 stockholders have approved the previously announced merger agreement under which funds advised by Apax Partners will acquire the shares of Rue21 for $42 per share in cash. Approximately 99.7% of the shares voted at today’s special stockholder meeting voted in favor of the agreement.

Philadelphia -- Wal-Mart Stores and McDonald’s were the only retailers to crack the Hay Group’s eighth annual Best Companies for Leadership Study Top 20 list.

The study surveyed nearly 18,000 individuals at more than 2,200 organizations worldwide to examine how companies develop their leaders and foster cultures of innovation. This year, Procter & Gamble led the Top 20. Wal-Mart ranked No. 7, and McDonald’s came in at No. 8.

Boulder, Col. -- Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study of 3,600 consumers conducted by customer intelligence solutions provider Market Force Information. Target was a close second and Kroger ranked third. All three received high marks in operational attributes such as service, cleanliness, atmosphere and checkout times.

Walgreens and CVS/pharmacy ranked the highest when those consumers were asked to name their pharmacy chain, with 18% identifying Walgreens and 17% CVS.  

New York -- New York City drugstore operator Duane Reade, a division of Walgreens, on Tuesday celebrated an important social milestone — surpassing one million followers on Twitter — with a gala event at the chain’s flagship on Wall Street. From September 2012 to date, the regional retailer has organically grown its Twitter following by 6,709%, making it one of the fastest-growing accounts on Twitter year over year. With 1.1 million followers at latest count, the chain is believed to be the most followed retailer in the drug, food and mass arena.

Austin, Texas – Whole Foods Market is launching an in-store meat apprenticeship program for its team members. The intensive 18-month training program is designed to transform aspiring butchers into skilled meat cutters and teach them the company's standards for quality, animal welfare, food safety, and sanitation.

Indianapolis – Hhgregg will hire 500 qualified home appliance and electronics sales associates in preparation for the holiday shopping season for its 228 stores. The company is accepting applications through the end of September and will be hiring for stores in the Midwest, South, Mid-Atlantic and Great Lakes regions.

New York – Macy’s, Inc. is partnering with NYC & Company, the marketing, tourism and partnership organization for New York City, to co-brand its new Herald Square Visitor Center as an official New York City information center.

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