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CVS Caremark sponsors employment program for veterans, military spouses

BY Antoinette Alexander

WOONSOCKET, R.I. — CVS Caremark has announced that it will be joining first lady Michelle Obama and the U.S. Chamber of Commerce at the fourth annual "Business Steps Up: Hiring our Heroes" event to be held Thursday in Washington, D.C.

CVS Caremark, a chairman’s circle sponsor of Hiring our Heroes, is participating in job fairs across the country as part of the program’s goal to connect 100,000 veterans and military spouses with employment opportunities. Hiring our Heroes is a yearlong nationwide campaign to help veterans and their spouses find meaningful employment.

"As a nationwide employer focused on transforming the delivery of healthcare services, CVS Caremark is committed to providing job opportunities and attractive career paths for members of the military. We value their experience and training as leaders, innovators and team builders and see many opportunities for veterans to make a seamless transition from the military to a career at CVS Caremark," stated David Casey, VP workforce strategies and chief diversity officer at CVS Caremark.

A veteran of the United States Marine Corps himself, having served in Operation Desert Storm, Casey added, "I understand how important it is to have a meaningful career opportunity and to have your transferrable skills recognized by a prospective employer when you return to the civilian workforce after military service."

Military spouses and veterans currently work in a wide variety of positions across the CVS Caremark enterprise, including at CVS/pharmacy retail stores, distribution centers, mail-order pharmacies and MinuteClinic locations inside select CVS/pharmacy stores across the country. The company also has established a resource and networking group for employees who are military veterans, those currently serving and their supporters.

For its effort to date, CVS Caremark has been named as a finalist for the U.S. Chamber of Commerce Women Veteran and Military Spouse Employment and Mentoring Award.

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99 Cents Only has big store plans, Q2 comps up 6.7%

BY Gail Hoffer

CITY OF COMMERCE, Calif. — A strong earnings and sales performance during its fiscal second quarter gave 99 Cents Only Stores the confidence to raise its full-year guidance and become more aggressive with store growth. The company reported that total retail sales increased 9% to $352.2 million and same-store sales increased 6.7% for the second quarter. Consolidated net income increased by $2.2 million to $15.1 million or 21 cents per diluted share, versus $12.9 million in the prior year, or 18 cents per diluted share

Eric Schiffer, CEO of 99 Cents Only Stores, stated, "We are pleased with our financial results for the second quarter of fiscal 2012. Our long-term operational improvement initiatives have continued to meet our expectations, resulting in earnings per share of 21 cents for the second quarter of fiscal 2012."

For fiscal 2012, as previously announced, the company has raised its same-store-sales percentage increase expectations for the full year to mid-single digits and plans to open 12 stores in the second half of the year. Of these 12 new stores, the company said it has already opened one store in the third quarter and plans to open two more stores in the third quarter and approximately nine stores in the fourth quarter of fiscal 2012. The majority of these new store openings in fiscal 2012 will be in California. The company said it plans to accelerate its store growth rate to approximately 10% in fiscal 2013, with the majority of new stores expected to be in California.

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Walgreens to offer vets 15% to 20% off purchases on Veterans Day

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens on Thursday announced it is offering a discount to all veterans and active duty military on Veterans Day, in recognition of their service and commitment to the country.

On Nov. 11, veterans will receive 15% off eligible store items and 20% off Walgreens and W brand products with a valid military ID or proof of service at any Walgreens and Duane Reade drug store nationwide.

"We want to thank our employees who are veterans and veterans everywhere for their courage, sacrifice and service," Walgreens president of community management and operations Mark Wagner said. "We are grateful for their contributions and to all who have served."

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