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Cool Gear International introduces CG Sport line for fall

BY Allison Cerra

PLYMOUTH, Mass. — Cool Gear International has introduced its CG Sport line of versatile hydration bottles.

Made with active consumers in mind, the CG Sport bottles feature Thermalfoam insulation, which allows active consumers to keep their water cooler longer by blocking out sunlight and providing additional foam insulation to the double-wall constructed water bottle. Also part of the lineup are Cool Gear International’s EZ-Freeze submerged freezer sticks that keep water cool for longer periods of time and Pure water bottle technology that filters up to 100 gallons of water.

"Our focus with CG Sport is on the function and durability of the products," Cool Gear International founder and CEO Donna Roth said. "We want to provide athletes and outdoor enthusiasts with reliable, sturdy and practical products that offer the absolute best in hydration technology at a price that won’t break the bank."

The fall 2012 CG Sport line includes:

  • Endurance Bottle: The squeezable 24-oz. bottle features double-wall construction with Thermalfoam insulation and a texturized outer wall for better grip;

  • Marathon Bottle: The squeezable 18-oz. bottle features double-wall construction and Thermalfoam insulation, which is compatible with most bike cages;

  • Bike Bottle: The 28-oz. slim, squeezable bottle fits in most bicycle cages and includes Cool Gear’s patented, nontoxic freezer stick to ensure water stays cooler for longer;

  • Boulder Bottle: The straightwall 32-oz. Tritan water bottle features Cool Gear-s patented, nontoxic freezer stick, screw-on cap and wide-mouth opening with 2-mL bottle thickness for maximum durability;

  • Grippler Bottle: The 32-oz. Tritan water bottle offers dual cap functionality — flip-top sipper or, chugger with a finger loop and snap-lock cover for chugger spout protection;

  • Quest Bottle: The Quest bottle is a 30-oz. Tritan water bottle included with Cool Gear’s patented, nontoxic freezer stick and the new Halo cap, which offers a protective cover surrounding the top of the bottle; features also include a carabiner clip and TPR grip band;

  • Solstice Bottle: The 32-oz. Tritan bottle features Cool Gear’s patented, nontoxic freezer stick, as well as a flip-top sipper with a finger loop and carabiner clip; and

  • Pure Cylinder: Utilizing Cool Gear’s EZ-Freeze Pure technology, the Pure Cylinder is a 32-oz. Tritan water bottle with built-in water filtration system; the Pure carbon filter connects to the nontoxic freezer stick to provide filtration for up to 100 gallons of fresh drinking water and features a flip-top cap with a numerical tracker.

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Report: Walgreens plans to create more jobs, expand HQ

BY Michael Johnsen

CHICAGO — Over the next three years, Walgreens plans to create 500 new jobs in the Chicago area and invest $75 million to expand and renovate its Deerfield, Ill., offices in a deal that will cede Walgreens $47 million in state tax credits for retaining 1,500 existing jobs, according to an early morning report published by the Chicago Sun-Times on Friday.

According to the report, Walgreens employs 5,000 at its headquarters and surrounding offices, and houses its corporate workforce in 27 office buildings in Bannockburn, Buffalo Grove, Chicago, Deerfield, Lincolnshire, Mount Prospect, Northbrook and Northlake.

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Generic drug introductions impact Walgreens’ July sales

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens on Friday reported July sales of $5.6 billion, a decrease of 3.7% as compared with the same month in fiscal 2011. Compared with prior months during this calendar year, July sales comparisons were more significantly impacted by an increase in generic drug introductions, Walgreens reported.

July pharmacy sales decreased 5%, while comparable-store pharmacy sales decreased 9.7%. Calendar day shifts positively impacted pharmacy sales in comparable stores by 2.2 percentage points.

Comparable-store pharmacy sales were negatively impacted by 7.1 percentage points due to generic drug introductions in the last 12 months, by 0.2 percentage point due to the product mix of cough, cold and flu drugs and by 10.8 percentage points due to no longer being part of the Express Scripts network. Prescriptions processed by Express Scripts comprised 12.7% of Walgreens prescriptions in July 2011.

As previously announced, Walgreens again will be a part of the Express Scripts network beginning in September.

Pharmacy sales accounted for 63.7% of total sales for the month.

Total front-end sales decreased 0.8%, compared with the same month in 2011, while comparable-store front-end sales decreased 2.4%. Customer traffic in comparable stores decreased 3.8%, while basket size increased 1.4%.

Sales in comparable stores decreased by 7%. The effect of generic drug introductions in the last 12 months negatively impacted total comparable sales by 4.5 percentage points, while calendar day shifts positively impacted total comparable sales by 1.4 percentage points.

Walgreens opened 16 stores during July, including three relocations, and closed one.

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