Convenience Stores

Deerfield, Ill. -- Walgreen Co. said Wednesday its board has authorized a new $2 billion stock buyback program.

The drugstore retailer completed a previously announced $1 billion stock buyback program and now has approved a new $2 billion share repurchase program that expires Dec. 31, 2015.
 

Dallas -- 7-Eleven has completed upgrades in more than 1,000 of its stores in the greater New York City, Northern and Central New Jersey, Baltimore and Washington, D.C., areas. The company also is considering store-remodel programs in other parts of the United States.

WASHINGTON— The National Retail Federation has joined the National Restaurant Association in support of legislation that would require federal agencies to consider the impact on small businesses when establishing rules and regulations.

“This legislation would strengthen the protections for small businesses in the often-asphyxiating federal regulatory process,” the two organizations said in a letter to House Small Business Committee Chairman Sam Graves, R-Mo., and Ranking Member Nydia Velazquez, D-N.Y.

By David L. Barron

New York City -- On June 17, 2011, Texas Governor Rick Perry signed a bill into law that will limit an employer’s right to prohibit guns and ammunition in the workplace. While the law does not necessarily allow employees to carry firearms at work, it does allow employees to store and have access to firearms kept in privately owned vehicles parked on or in employer provided parking areas.

New York City -- Navarro Discount Pharmacy, which currently has 29 stores, has named CFO Juan Ortiz  to the position of CEO.

Ortiz succeeds CEO Steve Kaczynski, whose expertise in retail merchandising and marketing over the last 18 months has been instrumental in setting a strategic direction for the company and expanding its footprint in South Florida and nationally, the company said.

NASHVILLE, Tenn. — The Retail Orphan Initiative on Tuesday announced the launch of an online charity locator to match up retailers looking to donate overstocked merchandise with local charities. The charity locator features an interactive map of nearby charities from a RetailROI-developed database of 501c3 organizations across the country that focus on at-risk children, women in distress or families in need.

Orlando, Fla. — The Network of Executive Women will induct the first group of honorees into the newly created CPG Retail Diversity Hall of Fame on Sept. 19, as part of the organization’s annual Leadership Summit.