Easter traffic, sales dip in 2014
NEW YORK — The eight-day run up to Easter 2014 fell shy of the previous year’s comparable period by 9.3% in traffic and 8.9% in sales. According to data from retail analytics provider RetailNext, there was a 1.2 percentage-point improvement in conversion, which helped generate a sales decline that was less than the traffic decline.
Average transaction value was down by 1.9% leading up to Easter Sunday, with sales-per-shopper up by 0.4 percentage points. Friday, April 18 saw higher conversion than Good Friday in 2013, along with smaller traffic and sales declines seen for the eight-day period leading up to Easter and even before Easter.
According to RetailNext, possible reasons for the decline in 2014 include Easter coming a couple of weeks after the Daylight Savings Time adjustment (as compared with 2013 when Easter was more than a month after the adjustment), a period that typically sees positive sales trends. Along those lines, Easter 2013 coincided with the start of spring, a time typically characterized by clear weather and more outdoor activity.
Dr. Reddy’s launches generic Antara capsules
HYDERABAD, India — Dr. Reddy’s Labs on Wednesday announced the launch of fenofibrate capsules, USP in 43-mg and 130-mg strengths. The drug is the generic version of Antara (fenofibrate) capsules.
The Antara capsules brand and generics had U.S. sales of approximately $74 million MAT for the most recent 12 months ending February 2014, according to IMS Health. Dr. Reddy’s fenofibrate capsules, USP 43-mg is available in bottle counts of 30; 130-mg are available in bottle counts of 30 and 90.
Jewel-Osco names VP marketing and merchandising
ITASCA, Ill. — Jewel-Osco has named company veteran Doug Cygan VP marketing and merchandising.
Cygan’s appointment will accompany the recent selection of the company’s VP operations Scott Hays under president Shane Sampson’s leadership.
Cygan began his career with Jewel-Osco in 1980 as a grocery clerk. He was promoted to store director, and then held positions of increasing responsibility throughout the company in the store support center in marketing and merchandising including category manager, director of marketing, VP fresh food merchandising, and VP merchandising up until 2013. When New Albertson’s Inc. assumed ownership of Jewel-Osco, Cygan was named director of grocery.
“At Jewel-Osco, our goal is to be the finest food and drug retailer in the United States, and all that starts with being the best for Chicago. Doug is Chicago born and bred, and like so many of our team, he has spent his entire career with Jewel-Osco. He not only knows the business and communities we serve, but also understands what “the Jewel” means to the heart of Chicago,” Sampson said. “Doug has seen the company transition throughout the years as he learned the business from the bottom up. We’re grateful to have such phenomenal talent here to draw on, and we’re confident that the work we’re doing to make Jewel-Osco the best in Chicago will benefit from Doug’s experience and leadership.”