News

Walgreen to split with Express Scripts, reports 30% rise in Q3 profit
Deerfield, Ill. -- Walgreen Co. said Tuesday it will terminate a $5.3 billion-per-year relationship with Express Scripts.

Walgreen reported that contract negotiations with Express Scripts have failed, and it will stop participating in the St. Louis company's prescription plans starting Jan. 1. Express Scripts processes about 90 million prescriptions that will be filled at Walgreen stores in fiscal 2011, which will bring Walgreen about $5.3 billion in revenue.
PLMA reports jump in 2010 private-label sales
NEW YORK — Private-label sales across all three major retail channels reached new highs in 2010, according the Private Label Manufacturers Association.

Grab an app from the fridge
NEW YORK — Samsung Electronics America has launched a first-of-its kind LCD refrigerator complete with apps for keeping track of recipes, schedules and more.

The Samsung refrigerator includes the following apps:
- Recipes from Epicurious
- Organizational tools from Google Calendar
- Notepad
- Entertainment from Pandora
- Photos from Picasa Web Albums
Long-time apparel exec joins Williams-Sonoma board

SAN FRANCISCO — Williams-Sonoma that its board of directors has elected Rose Marie Bravo to the board.
Best Buy to buy back $5 billion of its shares

Minneapolis -- Best Buy Co. said Tuesday that it will buy back $5 billion of its common stock and raise its quarterly dividend by 7%.

The retailer said that the buyback replaces a $5.5 billion repurchase program that had about $800 million left as of May 28. The announcement came just ahead of its shareholders meeting in Richfield, Minn.
Tackling Supply Chain Security

By Eric White, [email protected]
Macy's chefs hit the road

NEW YORK — Macy's announced that its "Macy's Chefs A-Go-Go" food truck tour will kick off in Miami on June 28. The first-ever tour will feature a chef from Macy's Culinary Council at each stop. MCC chefs include Cat Cora, Todd English and Marcus Samuelsson.
Versace coming to H&M

STOCKHOLM — H&M announced that it is collaborating with Versace for its autumn 2011 designer collection. Designed by its creative director Donatella Versace, the exclusive collection will look back to the vibrant heritage of the brand, full of leather, print, colour and exuberance in exclusive materials at fantastic H&M prices, according to the company. The collection will include ranges for women, men and selected pieces for the home. It will be available from Nov. 17 in around 300 stores worldwide, as well as on-line.
Guess? Marciano is retiring

LOS ANGELES — Guess? Inc. has announced that Maurice Marciano, the company's co-founder and chairman of its board of directors, has notified the company of his decision to retire as an executive officer when his current employment agreement expires on Jan. 28, 2012, the end of the company's current fiscal year. Marciano will continue to serve the company as non-rxecutive chairman of its board of directors.
Aldi, Westfield Chicago Ridge, Chicago Ridge, Ill.

Discount grocer Aldi has made its U.S. mall debut, opening in Westfield Chicago Ridge, an 800,000-sq.-ft. enclosed shopping center in suburban Chicago Ridge, Ill. The mall is a property of The Westfield Group.

Brightly lit and colorful, the 20,000-sq.-ft. Aldi resembles a prototypical Aldi in most respects.

Walgreen to split with Express Scripts, reports 30% rise in Q3 profit

PLMA reports jump in 2010 private-label sales

Grab an app from the fridge

Long-time apparel exec joins Williams-Sonoma board

Best Buy to buy back $5 billion of its shares

Tackling Supply Chain Security

Macy's chefs hit the road

Versace coming to H&M

Guess? Marciano is retiring

Aldi, Westfield Chicago Ridge, Chicago Ridge, Ill.

Related Topics