News

Walgreens has opened a new two-story, flagship drugstore in the north tower of Chicago’s iconic Wrigley Building.

Assisted by 42nd Ward Alderman Brendan Reilly, representatives from the Magnificent Mile Association, Chicagoland Chamber of Commerce and others, Walgreens executives marked the 27,800-sq.-ft. store’s opening with a ceremonial ribbon cutting.

Portland, Ore. - U.S. retail firms are confident in their ability to detect data breaches. According to a recent survey of 154 retailers by security solutions provider Tripwire, when asked how quickly their organizations would detect a breach, 42% of respondents said it would take 48 hours, 18% said it would take 72 hours, and 11% said it would take a week.  

The General Mills board of directors has added Henrietta Fore, CEO of consulting and investment company Holsman International, to its ranks.

Fore currently serves as the chair of Holsman’s board of directors and global co-chair of both WomenCorporateDirectors and Asia Society, and previously oversaw the U.S. Mint and was administrator of U.S. international development.

Fore joins the General Mills board, as current member and former Sprint chief, William Esrey, prepares to leave in September after 25 years.

The Barnes & Noble board has given the company the green light to separate its retail and Nook Media businesses to optimize shareholder value.

The company anticipates completing the separation of the businesses into two separate public companies by the end of the first quarter next year.

With buzz phrases like “omnichannel” and “customer disruption” dominating the retail conversation, landlords and tenants attending RECon 2014 in Las Vegas last May made it their mission to ensure that brick-and-mortar remains relevant. ­

Toronto – New research from loyalty currency management provider Points shows that offering points and miles for everyday purchases is the most effective means of driving consumer loyalty. Points surveyed more than 1,500 loyalty program members from across North America and found that 83% earn points and miles on everyday purchases.

The Shopko Foundation has announced the recipients of its Shopko Teammate and Family Scholarships for the 2014-2015 school year. The foundation awarded $75,000 in scholarships to 30 students in 9 states.

Boston – Six-in-10 (59%) Millennial women make product recommendations to share highly positive or negative consumer experiences. However, according to a new survey of 1,100 American women without children born between 1979 and 1993 by Mom Central Consulting, 50% say that reading a bad review online about a business wouldn’t stop them from shopping/visiting.