January 11, 2013

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt. Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share.

Following the transaction, Supervalu will be a $17 billion business comprised mostly of its distribution business, which will represent 47% of revenues, Save-A-Lot (25%) and 191 regional supermarkets (28%).

January 11, 2013

Walgreens' Arkansas Payment Improvement Initiative aims to create a more patient-centered and cost-efficient payment system for the retailer's home state.

The latest move by Walmart is as sure an indication as any that health care is becoming less about fee-for-service and more about basing compensation on ratings derived from patient outcomes.

January 11, 2013

Walgreens chief Greg Wasson had a new vision to share with the pharmacy operator's faithful shareholders for 2013. It was a vision that firmly placed the Express Scripts dispute in the rear-view mirror and refocused on the road ahead that includes expanding the role of pharmacy and even what it means to be a U.S. pharmacy operator with its acquisition of Alliance Boots.

Two major announcements were made in the wake of the shareholders meeting, both of which were identified by DSN as two of the top six big trends to watch through 2013. Walgreens reiterated its commitment to fostering an omnichannel experience for its shoppers and, a day after the shareholders meeting, Walgreens became the only retail pharmacy operator to partner on three Accountable Care Organizations.

January 10, 2013

The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning.

January 10, 2013

In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

January 10, 2013

Walmart has committed $670,000 to help fund a first-of-its-kind program in its home state known as the Arkansas Payment Improvement Initiative (APII).

January 10, 2013

More than a dozen executives in Walmart’s merchandising organization, including several with key healthcare responsibilities, will begin the new fiscal year with different responsibilities following a restructuring.

January 10, 2013

Walmart and Sam's Club are introducing a new contact lens program for 2013, the retailers said Thursday.

January 9, 2013

"2012 was definitely an important year for Walgreens," Greg Wasson, Walgreens president and CEO, told shareholders here Wednesday afternoon at the chain's annual shareholder meeting. "We did make some tough choices to protect and solidify … our position for the long term," he said. "[But] our vision is crystal clear to become the first choice for health and daily living in America."

January 9, 2013

Mitchell-Vance Laboratories on Tuesday announced that its ScarAway Silicone Scar Sheets, designed for the treatment and prevention of both hypertrophic and keloid scars, are making their debut in 3,400 Walmart locations.

January 9, 2013

Procter & Gamble has announced that current P&G director Johnathan Rodgers has decided not to seek re-election at P&G’s annual shareholder meeting in October 2013, choosing to retire from the board at that time.

January 9, 2013

More than 274 billion Free Standing Insert coupons were distributed in 2012, marking a 0.8% increase in activity versus 2011, as retailer promotion pages also rose by 5.2% during the year with Walmart snagging the top spot followed by Walgreens, according to Kantar Media.

January 8, 2013

Pharmacy benefit manager Catamaran Corp. hopes to expand business with client Cigna Corp. and foresees other opportunities, according to published reports.

January 8, 2013

The CEO of Sears Holdings is stepping down due to unspecified family health reasons, the company said.

January 8, 2013

Target Corp. has launched a campaign to price match online retailers, the mass-merchandise retailer said.

January 7, 2013

The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday.

January 4, 2013

According to a Bloomberg report, Abbott Laboratories, Johnson & Johnson and Sanofi are all potential suitors for Bausch & Lomb's eye care business in a deal that could be valued as high as $10 billion.

January 4, 2013

Sam's Club is offering free health screenings as part of a New Year's promotion, the club retailer said Friday.

January 4, 2013

Following the "People’s Choice Awards," Walgreens is celebrating its involvement in the awards by hosting “Night at the W” events at its stores nationwide on Jan. 10.

The “Night at the W,” which leverages the expertise of its beauty advisers, is yet another example of how the pharmacy retailer is elevating the beauty experience at mass. And the event is an ideal way to promote its beauty advisers.

January 4, 2013

Several retailers got top scores from a gay-rights organization for their efforts to prevent discrimination against and include lesbian, gay, bisexual and transgender employees.

January 3, 2013

AmerisourceBergen announced the election of former Campbell Soup president and CEO Douglas Conant to its board, effective immediately.

January 2, 2013

The retailer has grown steadily according to president and CEO Bob Sasser, leading the company to expand its Marietta, Okla. distribution center.

January 2, 2013

Wall Street on Wednesday celebrated the "fiscal cliff" compromise as stocks across the board were trading up by some 200 basis points. As of noon, the Dow was up 1.7% and Nasdaq 2.3%.

January 2, 2013

Walgreens on Wednesday announced that all Walgreens locations will host a "Night at the W" to celebrate the retail pharmacy operator's involvement in the People's Choice Awards.