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Diplomat Specialty Pharmacy sponsors local adult-fitness event

BY Alaric DeArment

FLINT, Mich. — Diplomat Specialty Pharmacy is among the sponsors of a fundraising effort to expand an adult-fitness program run by a Flint, Mich.-based nonprofit.

Diplomat said Tuesday that it would work with the Ruth Mott Foundation and the Crim Fitness Foundation to support the expansion of the Crimfit Adult Training Program through its Diplomat Specialty Pharmacy Crim Mile Marker Challenge. The training program prepares more than 1,200 participants from surrounding counties for a HealthPlus Crim Festival of Races and is expanding this year to include a new program in Flint.

Diplomat introduced the Crim Mile Marker Challenge on a small scale last year and uses it to support the healthy and active lifestyle focus of the organization, also known as the Crim, and provide scholarships to people for whom training and participation costs might otherwise be a barrier.

"As a sport and a fitness activity, running is one of the most accessible ways to get in shape, maintain an active lifestyle and take control over one’s health," Crim program director Erin Lamb said. "We’re excited to partner with Diplomat Specialty Pharmacy and the Ruth Mott Foundation to introduce the joy and benefits of running to a community that, until recently, hasn’t been involved in large numbers in the Crim or running in general."

 

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Kroger promotes two finance executives

BY DSN STAFF

CINCINNATI — Kroger on Tuesday announced two finance executive promotions that will be effective with their elections by Kroger’s board of directors expected on June 27. Scott Henderson has been named VP pension investment and strategy and Todd Foley has been named VP and treasurer. 

Henderson, 57, currently serves as Kroger’s VP and treasurer, a position he has held since 2003. He will lead a new team that is responsible for overseeing nearly $12 billion of assets.

"We are very pleased that Scott has agreed to take on this important responsibility," stated Mike Schlotman, Kroger’s CFO. "Scott brings investment expertise and steady financial leadership to our pension funds, as demonstrated by his more than 10 years as treasurer and his contribution to the successful consolidation of four UFCW pension plans in 2011."

Henderson joined Kroger in 1981 as manager of financial reporting in Cincinnati. He has held various positions of responsibility, including VP and controller for the company’s Dillon division and VP planning for Kroger.

Foley, 43, currently serves as Kroger’s assistant corporate controller. He replaces Henderson as treasurer. "Todd has been a valuable member of Kroger’s financial leadership team for 12 years," Schlotman said. "Todd brings his financial acumen and extensive experience managing Kroger’s business planning process to the role of treasurer."

Foley began his career with Kroger in 2001 as an audit manager in the internal audit department, after working for PricewaterhouseCoopers. He was named controller of Kroger’s Cincinnati/Dayton division in 2003 before being promoted to his current role in 2006.

Foley’s replacement will be named at a later date, Kroger stated. 

 

 

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ShopSmart study eyes store brands as way to save on beauty products

BY Jason Owen

YONKERS, N.Y. — According to a recent poll that will appear in the June 2013 issue of ShopSmart, 56% of women do not take advantage of coupons and discount codes when it comes to purchasing makeup, skin care items and other beauty products.

"There’s no reason to overpay or to miss a potential deal when buying beauty items," said Lisa Lee Feeman , editor-in-chief of ShopSmart. "Also consider store-brand beauty products — if you like them, the savings can be worthwhile in the long run."

 In response, ShopSmart offered some ideas to help consumers save on beauty products:

  • New store brands. Store-brand beauty products offer more choices than ever. ShopSmart‘s recent beauty-product price scan found store brands can save shoppers as much as 40% on products such as facial cleansers, scrubs, moisturizers and eye serums. CVS, Rite Aid, Target, Walgreens and Walmart offer at least two tiers of store brands — a basic line that competes solely on price and a premium line. Also consider bargain beauty products lurking in unlikely places such as Aldi, Trader Joe’s and Whole Foods.
  • High-end look-alikes. These "equivalents" compete with higher-end name-brands with comparable ingredients. They might be more expensive than mass brands, but in most cases are cheaper than premium brands. ShopSmart found CVS equivalents to best sellers such as Olay Regenerist Micro-Sculpting Cream and L’Oréal Day Lotion Deep-Set Wrinkle Repair.
  • Celebrity lines. CVS, Target and Walmart offer celebrity makeup lines that can’t be found anywhere else. Target carries an exclusive cosmetics line from celebrity makeup artist Sonia Kashuk with great prices and selection; Walmart recently launched Flower, an exclusive makeup line from actress Drew Barrymore, whose items typically cost $10 or less. And CVS sells actress Salma Hayek ‘s Nuance line.
  • Bulk buys. Warehouse stores and their websites are great places to buy high-end beauty goods. Costco is a secret source for high-end skin care and other beauty products for less. Kirkland Signature, Costco’s house brand, carries versions of Borghese products, a high-end beauty brand sold in upscale stores. Though Borghese doesn’t say that Costco’s version is the same, it does say that the Kirkland Signature line is made specifically for Costco in the same factory.

 Other findings in the ShopSmart poll included:

  • When They Shop: 43 percent of women bought cosmetics only when they were on sale;
  • Beauty Hoarders: 61 percent of women say they had beauty products that were expired or they no longer used;
  • Buyer’s Remorse: 33 percent of women said they had regretted a beauty purchase made in the previous 12 months;
  • Spend vs. Save: Foundation (including tinted moisturizers and BB creams) was the number one item women say they splurged on; lip gloss is the item they cheapened out on;
  • Favorite Makeup Product: Mascara was the cosmetic product women say they used the most;
  • Brand Loyalty: Facial moisturizer was the number one item to which women said they were most brand loyal to; lip gloss was the least.

 


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