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For Walgreens CEO, Rite Aid deal may not be his last
In the wake of the news that Walgreens Boots Alliance would be acquiring Rite Aid, Walgreens CEO Stefano Pessina told the New York Times that he is open to opportunities that would expand the company’s footprint around the globe.“Due to my age, I won’t have a possibility to make many more acquisitions,” Pessina told the Times. “And unfortunately, I cannot amuse myself dealing directly with small acquisitions, and dealing directly with owners and so on. ...
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Target confirms two smaller-format stores in Philadelphia
A retail real estate firm has confirmed that Target is in the final planning stages for two new stores in the Center City section of Philadelphia.
The two stores will be what the company calls a “flexible format Target,” which has a smaller footprint than a typical Target store and looks to fit into the (mostly urban) neighborhoods in which they are located.

