News

Camp Hill, Pa. -- Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Massachusetts Attorney General Martha Coakley said Wednesday that Rite Aid has overcharged state agencies and at least 100 cities and towns to fill prescriptions for people receiving workers' compensation since 2002.

NEW YORK — Barnes & Noble announced that Miwa Messer has been named director of the Discover Great New Writers program. Established in 1990, the Barnes & Noble Discover Great New Writers program has championed new talent and been a showcase for our commitment to new writers, the company reported.

NEW YORK — Inflation-related concerns will prompt back-to-school shoppers to utilize certain shopping tactics, including smartphone and social network use, to save this year.

AMSTERDAM — The Tommy Hilfiger Group has announced the appointment of John Ermatinger to CEO of the company's Asia business, effective Aug. 1. In this newly created position Ermatinger will report to Fred Gehring, CEO of the Tommy Hilfiger Group. Ermatinger will be based in the Tommy Hilfiger Hong Kong offices.

As CEO of the Asia business, Ermatinger will oversee all business activities in Asia, including the subsidiary Tommy Hilfiger Japan, the joint venture Tommy Hilfiger China, and the various licensed businesses throughout the territory.  

Seattle -- Amazon reported Tuesday that sales for the quarter ended June 30 soared 51% to $9.9 billion.

Profits dipped 8% to $191 million from $207 million on surging operating costs, but still beat Wall Street expectations.

MINNEAPOLIS — Supervalu on Tuesday reported first-quarter fiscal 2012 net sales of $11.1 billion (down 3.7%, versus last year) and net earnings of $74 million (up 10.4%), or 35 cents per diluted share. Posted net earnings beat the analyst consensus of 33 cents per diluted share.

PORT WASHINGTON, N.Y. — The NPD Group Inc. has named Kevin Gilbert as director of home improvement, reporting to Perry James, the president of home and office supplies. 

Prior to joining NPD, Gilbert was VP client solutions at SymphonyIRI, where he managed the Diageo and Kraft accounts. In addition to his role at SymphonyIRI, Gilbert spent many years in the packaged goods industry in category management, sales development, and trade planning roles, working with such companies as Kellogg, Bayer, and Pinnacle Foods.

In recognition of his significant contributions to the art and science of supply chain and logistics management, Dr. James R. Stock will receive Council of Supply Chain Management Professionals’ (CSCMP) 2011 Distinguished Service Award.

Stock serves as the Frank Harvey Endowed Professor of Marketing at the University of South Florida and becomes the 46th person to receive the annual award since it was created in 1965. He will be honored during the opening general session on Monday, Oct. 3, at CSCMP’s Annual Global Conference in Philadelphia.