News

Deerfield, Ill. -- Walgreens said Wednesday that its sales were up 6.8% in June, as more customers came to its stores and spent more money per trip. Same-store sales rose 4.8%.  Revenue increased to $6.04 billion from $5.65 billion.

Pharmacy revenue rose 6.2% and front-end sales were up 6.4%. The chain said monthly customer traffic rose 1.3% compared to June 2010, and customers spent 3.4% more per trip.

Last week Janney Montgomery Scott analyst David Strasser downgraded shares of Target to neutral from buy. He offered a litany of things that could go wrong with the Target story, which were subsequently refuted by someone named Will Ashworth on the website “Investopedia.”

Such retailers as Target, Best Buy, Home Depot, JCPenney, Lowe’s and Walmart are part of an organization called the Coalition for Responsible Transportation (CRT) that is pushing a new approach designed to reduce emissions at the nation’s ports. The retailers along with Hewlett Packard, Nike and a host of leading transportation providers have teamed with the Environmental Defense Fund and the U.S. Environmental Protection Agency to launch a program called, “EPA SmartWay Drayage Program.”

The first Target stores in Canada won’t open until 2013, but the company recently announced it retained MDC Partners to lead the development of its overall marketing efforts. According to the company, the MDC integrated team is being led by kbs+p Canada and Veritas Communications, along with support from Northstar Research Partners and BOOM! Marketing. 

Shoppers face a lot of economic headwinds this back-to-school season, but one forecaster has seasonal sales growing by 6.2% to $467 billion, the most since 2006.

That’s according to retail consultants Customer Growth Partners’ annual BTS forecast, which defies warnings of a double-dip recession and sees American households as being more resilient with their back-to-school spending during the July through September time frame.

LONDON  — Asda announced last week that Judith McKenna, the company's current finance director, is to take the reins as the retailer’s COO, effective September.

Judith, who joined Asda more than 15 years ago, has led Asda’s finance functions as CFO since 2001.

As COO she will take on leadership of all Asda’s retail operations, including its stores, distribution network and IT systems.

LUXEMBOURG — Amazon.com continues to strengthen its global operations with its agreement to acquire The Book Depository International. The Book Depository is a U.K.-based online bookseller offering over six million books for delivery worldwide.

NEW YORK — Duane Reade, which is owned by Walgreens, is opening on July 6 its 22,000-sq.-ft. flagship store that has a decided “up market focus” with exclusive services and amenities never seen before in a Duane Reade or any other drug store.

The innovative 24-hour store is located at 40 Wall St., which is known as the "Crown Jewel of Wall Street" and once held the title of the tallest building in the world.

BENTONVILLE, Ark. — Sam's Club is highlighting health-and-wellness issues through its latest campaign, and has pledged to donate up to $2 million to four nonprofits.

The retailer's 2011 Giving Made Simple campaign allows Sam's Club members and associates to direct a portion of the company's donations to four health-related nonprofit organizations: Alliance for a Healthier Generation, OASIS, Sesame Street and The Y.

RACINE, Wis. — SC Johnson has introduced Windex Mini, a concentrated refill pouch that uses 90% less plastic packaging than a traditional 26 fluid ounce trigger bottle.

According to SC Johnson, data shows U.S. consumers are not keen on refilling their household cleaning bottles and is hoping the launch of Windex Mini will help the company understand why that is the case.