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  • Target to sell pharmacy business to CVS

    Woonsocket, R.I., and Minneapolis —Target plans to sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy in a blockbuster deal that stunned the healthcare world.

  • Phillips Edison Grocery Center REIT II purchases Georgia center

    Cincinnati — Phillips Edison Grocery Center Reit II Inc. has purchased the Old Alabama Square center in Alpharetta, Ga. Old Alabama Square is a 103,268-sq.-ft. shopping center anchored by the Fresh Market.

    This acquisition adds the first Fresh Market grocery-anchored shopping center to the company’s portfolio. The center also features national tenants Walgreens, Firehouse Subs, Verizon Wireless and State Farm.

  • Target CEO talks CVS partnership

    Target chairman and CEO Brian Cornell commented on the chain’s new partnership with CVS Health in a Q&A on Target’s blog, A Bullseye View. Here are some excerpts: 

  • Study: Retailers want mobile POS, challenges exist

    Franklin, Tenn. — Retailers are interested in mobile POS (mPOS) technology, but a number of challenges exist to its widespread adoption. According to a new study from IHL Group, “mPOS: Houston, Do We Have A Problem,” 78% of retailers planning to make a new mobile POS decision by mid-2016.

    In addition, 66% of enterprise retailers say they want their existing POS software vendor to provide their mPOS solution. However, it takes chain retailers an average of 9.7 months to deploy a mobile POS solution. 

  • 37.7% of Target shareholders want independent chairman

    Target’s annual meeting was pretty much a non-event on June 10, aside from the fact that a corporate structure in which Brian Cornell serves as both chairman and CEO doesn’t sit well with many shareholders. 

  • Pep Boys names Hertz veteran as CEO

    Philadelphia — The Pep Boys: Manny, Moe & Jack named Hertz Corp. veteran Scott P. Sider, 54, as its new CEO, effective June 15. He most recently served as group president of Hertz Corporation’s largest division, Rent A Car Americas, with over 3,200 locations.

    The announcement comes more than eight months after Pep Boys CEO Michael Odell resigned on the heels of disappointing second quarter earnings.

  • Pepsi pops open summer marketing campaign

    Retailers with Pepsi on their shelves will be happy to know that the brand is putting out all the stops to entice shoppers to make Pepsi products part of their summer.

    The beverage company is embarking on a summer marketing campaign that promises to deliver one-of-a-kind fan experiences to some of the hottest music and sporting events, restaurants and travel destinations.

  • Target CEO talks about new partnernship with CVS

    Target chairman and CEO Brian Cornell commented on the chain’s new partnership with CVS Health in a Q&A on Target’s blog, A Bullseye View. Here are some excerpts: 

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