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Rite Aid appoints Darren Karst as CFO

Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

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Survey: Online shoppers more conscious of their security

Fifty-four percent of online shoppers feel that they are more conscious of their security online compared with 12 months ago, following a string of high-profile security breaches at various international retailers and brands. Of the 2,000 online consumers surveyed as part of EDigitalResearch's and IMRG's EcustomerServiceIndex, 50% felt that retailers should be doing more to keep them safe online, especially in the wake of yet more data and security breaches in 2014.

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Loblaw Q2 results beat expectations

Despite a still-challenging economic climate, Loblaw’s profit in the second quarter beat analysts’ expectations, and was bolstered by strong sales in its recently acquired Shoppers Drug Mart.

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FDA approves GSK's Flonase as an OTC treatment

GlaxoSmithKline on Thursday announced that the Food and Drug Administration has approved Flonase Allergy Relief (fluticasone propionate 50 mcg spray), as an over-the-counter treatment for temporary relief of the symptoms of hay fever or upper respiratory allergies.

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Abbott introduces new Similac Breastfeeding Supplement

Abbott, the makers of Similac, studied the diets of more than 80 lactating women to assess how their nutritional intake compared to dietary recommendations. In the study, only 1-of-10 breastfeeding moms on average got 100% of the desired levels for DHA, lutein and vitamin E from their diet.