-
Target names HR exec to lead stores
Janna Potts has been named chief stores officer at Target, filling a position occupied for the past five years by Tina Tyler.
Target elevated Potts to the role of executive VP and chief stores officer, reporting to COO John Mulligan, after she previously served as senior VP of human resources focused on stores and distribution. Potts is a Target veteran who joined the company’s former Mervyn’s division in 1989. During her 27 year career she held leadership roles in stores, operations and human resources, according to the company.
-
Rite Aid December sales flat at $2.2 billion
Rite Aid last week reported a same-store sales decrease of 0.1% for the four weeks ended Dec. 26. December front-end same-store sales increased 0.8% while pharmacy same-store sales, which included an approximate 207 basis points negative impact from new generic introductions, decreased 0.6%.
Despite the report of relatively flat sales, Rite Aid stocks were up on Dec. 31, reaching a peak of $7.89 for the day. Today, the stock is trading at $7.86, up slightly from the day's open of $7.84.

