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Target CEO absent from DC debate
Target CFO John Mulligan ably represented the company in testimony before a Senate committee on Tuesday, but the one in the hot seat should have been chairman, president and CEO Gregg Steinhafel.
Recall when the nation’s bankrupt automakers needed a bailout, it was the CEOs of General Motors and Chrysler who appeared before legislators. And when big banks came under fire for their role in the housing crisis it was the financial firms’ CEOs who endured lawmakers pointed questions.
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Walgreens starts the year on the right foot
Inclement weather was not enough to keep Walgreens from posting January sales of $6.4 billion, an increase of 3.7% as compared to the year-ago period.
Total front-end sales increased 2.4% compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.6%. Customer traffic in comparable stores decreased 2.2% while basket size increased 3.8%.