News

HOFFMAN ESTATES, Ill. — Kmart is celebrating its inclusion in the summer comedy, “Grown Ups 2” by offering one Shop Your Way member a chance to be an extra in a future Sony Pictures Entertainment film.

Shop Your Way Members can enter the "Stars of Summer Sweepstakes" now through Sunday, July 21, for a chance to see themselves on the silver screen.

DEERFIELD, Ill. — Walgreens reported June sales of $5.8 billion, an increase of 2.5% from the same month in fiscal 2012.

June pharmacy sales increased by 2.9%, while comparable store pharmacy sales increased 3.3% and increased by a calendar day-shift adjusted 560 basis points. This year's June had one additional Sunday and one fewer Friday compared with June 2012, Walgreens reported. Calendar day-shift adjusted comparable store pharmacy sales were negatively impacted by 280 basis points due to generic drug introductions in the last 12 months. 

Longtime financial executive and former Walmart U.S. CFO Michael Fung is helping discounter 99 Cents Only modernize inventory systems that have resulted in a series of accounting issues.

Fung, 62, retired from Walmart in early 2012, but was called back into service this past January by the private equity owners of 99 Cents Only. Fung was named interim chief administrative officer at the company to oversee finance, information technology and real estate. In addition, 99 Cents Only board member and former Food Lion president and CEO Richard Anicetti was named interim CEO.

Every week, retailers unleash significant advertising and promotion efforts in the perpetual competition to engage shoppers, drive trips and grow sales. Annual retail sales and market share are the result of the competition that played out in the preceding 52 individual weeks, and many companies highly value “winning the week.” But some weeks can be much more competitive than others, creating challenges for retailers also facing strong pressures to be efficient and limit costs.

James Petty has joined private equity owned Vestis Retail Group as CEO, effective July 8, to drive new growth opportunities.

Petty joins Vestis, parent company of Bob’s Stores and Eastern Mountain Sports, after serving since 2007 as president of retail stores for Carter’s Inc. Petty left Carter’s last December after a restructuring resulted in Carter’s relocating its retail group to its Atlanta headquarters from Connectticut. Prior to Carter’s, Petty held senior roles at Limited Too and Gap, Inc.

Neil Marshall, global director of quality and food safety with the Coca-Cola Company is the newest member of the Consumer Goods Forum’s Global Food Safety Initiative (GFSI).

Marshall replaces fellow Coca-Cola colleague D.V. Darshane who recent took a new position with Coca-Cola in Europe.

Deerfield, Ill. -- Walgreens on Wednesday reported June sales of $5.79 billion, an increase of 2.5% from the year-ago period.

Total front-end sales increased 2.2% compared with the same month last year, while comparable store front-end sales increased 0.8%. Customer traffic in comparable stores decreased 2.9%, while basket size increased 3.7%.

Warrendale, Pa. -- Rue21 Inc. said Wednesday that the “go-shop” period that would have allowed it to be sold to an alternate buyer has expired, edging the specialty apparel and accessories chain closer to a deal with Apax Partners.
 
In May, Rue21 reached a deal to sell itself to Apax for nearly $1 billion; terms allowed the retailer to shop competing bids until July 2. Although 60 potential buyers were contacted, none submitted a competing bid to acquire the company.