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Duane Reade to move corporate headquarters to 40 Wall St.

BY Antoinette Alexander

NEW YORK — Manhattan-based pharmacy retailer Duane Reade has confirmed plans to relocate its corporate headquarters to 40 Wall St., which is already home to its mega flagship store.

The company’s current lease at its corporate headquarters at 440 Ninth Ave. was nearing its August expiration so the retailer, which is owned by Walgreens, began searching for a new space.

Duane Reade will be taking the 21st and 22nd floors, for a total of 54,500 square feet, inside the historic 72-story building, which is the same Trump Organization-owned office tower that currently houses Duane Reade’s flagship location.

As previously reported by Drug Store News, Duane Reade officially opened in early July the 22,000-sq.-ft. flagship store. The store has several unique offerings including in-house prepared sushi, a Juice Market and beauty services, such as an Essie/OPI manicure bar and a hair styling salon provided by Phyto Universe.
 

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Sears store-within-a-store concept features fitness equipment

BY Alaric DeArment

HOFFMAN ESTATES, Ill. — Sears Holdings recently finished its latest "Fitness Flagship" store-within-a-store, which it now has at more than 30 Sears stores, the retailer said.

Sears Holdings, which operates the Sears and Kmart store chains, said the 6,000-sq.-ft. stores feature polished hardwood stores, tall mirrors and expanded fitness equipment layouts designed to resemble a gym.

The company also said its fitness website, FitStudio, has become "the most comprehensive online fitness community for both fitness enthusiasts and professionals." The site includes blog posts about fitness trends, video demonstrations of exercises and workouts and a database with information on more than 130,000 personal trainers and fitness events.

"Whether just starting a new workout routine or a longtime fitness enthusiast, customers want a complete solution," Sears Holdings SVP and president for fitness, sporting goods and toys Hugo Malan said. "Sears sells more fitness equipment than anyone else, and we believe in continually improving our offering, so we have built an online fitness community and developed new destinations that attract customers both in-store and online."

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Harris Teeter raises $279K for Together in Education program

BY Allison Cerra

CHARLOTTE, N.C. — Harris Teeter has donated more than $279,000 to schools participating in Together in Education, a program designed to financially help schools in communities where Harris Teeter stores are located.

Harris Teeter said TIE’s donation of $279,572.98 to schools is the first of three payouts of the 2011/2012 school year. With this donation, the program’s fundraising total now is more than $16.1 million since it was established in 1998. How it works: Schools registered for a TIE code earn money when community members who link their loyalty cards (known as VIC) to a TIE code purchase Harris Teeter Brands or fill a prescription at a Harris Teeter pharmacy.

Harris Teeter’s TIE runs from August to May.

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