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Rite Aid remodels on track
NEW YORK — Rite Aid has started the rollout of its new wellness store format, with 40 stores completed as of the end of the second quarter (Aug. 27, 2011). It expects to complete a total of some 300 wellness remodels in its current fiscal year, management said during a conference call with investors.
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Wal-Mart online chief Eduardo Castro-Wright to retire
Bentonville, Ark. -- Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s Global eCommerce and Global Sourcing businesses, will retire on July 1, 2012. The company said it plans name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition.