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Cardinal Health names influential healthcare vet to board

BY Michael Johnsen

DUBLIN, Ohio — Cardinal Health on Wednesday announced that its board of directors has elected Patricia Hemingway Hall, president and CEO of Health Care Service Corp., as an independent director, effective Sept. 12. 

"We are extremely pleased that Pat is joining our board of directors," stated George Barrett, chairman and CEO of Cardinal Health. "Pat has had a distinguished career, and we know that she’ll make tremendous contributions to our board. Pat’s experience in leading large and complex businesses, combined with her health care and payor knowledge, will be particularly relevant as health care continues to evolve. We are excited to welcome Pat to the Cardinal Health board."

Hemingway Hall has served as president and CEO of HCSC, the nation’s fourth largest health insurer, since 2008. Previously, she served as president of Blue Cross and Blue Shield of Texas and as president and COO of HCSC. Beginning in 1975 as a critical care nurse, her career has included a number of executive leadership positions with healthcare services companies, including Aetna Life & Casualty/Partners National Health Plans and A. Foster Higgins.

She has received numerous recognitions for her leadership in the healthcare industry, most recently being included among the top 25 on Modern Healthcare magazine’s 2013 "100 Most Influential People in Healthcare" list.

Hemingway Hall serves on the boards for the Blue Cross and Blue Shield Association, America’s Health Insurance Plans, Health Care Leadership Council, and Manpower Group. She also serves on the boards of the National Institute for Health Care Management, Economic Club of Chicago, World Business Chicago, and Chicago Advisory Board of the Salvation Army. Hemingway Hall is chairwoman of Chicago United, an executive advisor for the Chicago Metropolitan Planning Council and a Leadership Fellow of the National Association of Corporate Directors.

She earned a master’s degree in public health, health planning and administration from the University of Michigan and a bachelor of science in nursing from Michigan State University.


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China e-commerce spending to jump ahead of U.S. this year, report finds

BY Alaric DeArment

SHANGHAI — Online spending in China is set to bypass the United States this year and double within two years, according to a new study.

According to Bain & Co.’s annual China E-commerce Report, spending online by consumers in China reached 1.3 trillion yuan ($212.4 billion) in 2012 and will surpass the United States this year, reaching 3.3 trillion yuan ($539.2 billion) by 2015, when it will be 50% more than in the United States. The Bain report did not give a figure for U.S. e-commerce spending, but according to the Department of Commerce, e-commerce spending in the United States in 2012 was about $224.3 billion.

"While surpassing the U.S. is a major milestone for e-commerce in China, the key finding in our report is that there’s no longer a meaningful distinction between retailers’ brick-and-mortar, web and mobile strategies," Bain’s Retail Practice China-based partner and study co-author Serge Hoffmann said. "If you’re not reaching Chinese consumers seamlessly across all of these channels, you’re missing out on a major growth opportunity."

The report includes a survey of 1,300 consumers in China, living in large and small cities and representing various age, education and income levels.


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Dollar General posts second-quarter same-store sales gains of 5.1%

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Wednesday posted net sales of $4.4 billion for the second quarter ended Aug. 2, up 11.3%. 

“Dollar General delivered another solid quarter. Our same-store sales growth for the second quarter of 2013 accelerated to 5.1%," stated Rick Dreiling, Dollar General chairman and CEO. "We are very pleased with the increase in customer traffic in our stores. We continue to grow our market share and believe that our second-quarter results position us well to deliver our financial outlook for the year."

Consumables sales continued to increase at a higher rate than non-consumables in the 2013 quarter, Dollar General reported, with the most significant growth related to the company’s newly introduced tobacco products and strong sales of perishables and candy and snacks. Same-store sales growth was solid in seasonal and apparel, and the trend in home products improved from the 2013 first-quarter results.

Dollar General shares were up $2.20 to $56.10 in early morning trading.


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