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Target develops French pharmacy solution
Target stores in the French-speaking Canadian province of Quebec will feature pharmacies under the Brunet banner based on an agreement reached with the McMahon Distributeur pharmaceutique division of Canadian food and drug retailer Metro, Inc.
The agreement comes as Target is preparing to open the first of 25 stores this fall in Quebec. Target entered Canada earlier this year and plans to open a total of 124 stores in its first year of operation.
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Sales gains in Q2 for Ace Hardware
Ace Hardware Corp. experienced sales gains in nearly every department, leading to second-quarter revenue of $1.74 billion, a 9.7% increase from $1.07 billion. Net income increased to $42.3 million, compared to net income of $14.9 million in the same quarter last year.
CEO John Venhuizen said the co-op is plaese with the results so far in 2013. "Sales increased in virtually every department with significant growth at both wholesale and retail from our Discovery Edge, Level 3 merchandising re-sets and branding inititatives," he said.