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Free shipping a new incentive for Target loyalty program

BY Gail Hoffer

MINNEAPOLIS — Target shoppers have a new incentive for joining the retailer’s REDcard Rewards loyalty program: free shipping on Target.com.

What’s more, Target debit cards now can be used on Target.com, the company said.

“REDcard free shipping provides great value for our guests today and every day and it’s easy to understand — no minimum purchase requirement, no membership fee and available nationwide,” Target EVP merchandising Kathee Tesija said. “With the holiday season right around the corner, this new benefit makes it even more convenient for our guests to shop Target for great gifts and enjoy our great prices.”

Target’s REDcard Rewards loyalty program applies to the Target REDcards, including the Target credit card, Target Visa credit card and Target debit card.

Time will tell if the offer of free shipping may be enough to undo some of the damage caused by Target.com’s relaunch, which was slammed by critics.

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Express Scripts amends Medco merger agreement; lowers termination fee

BY Michael Johnsen

ST. LOUIS — In an amendment dated Nov. 7 and filed to the Securities Exchange Commission on Tuesday, Express Scripts reduced its termination fee by 32% to $650 million. The termination fee is paid to one company when the other terminates the merger agreement.

The change was made to settle lawsuits against Medco accusing the company of selling itself too cheaply to Express Scripts, according to a research note by Bank of America Merrill Lynch analysts published on Tuesday, as reported by the New York Times. The lower fee may create more interest among rivals hoping to compete for Medco, the analysis concluded.

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Rite Aid EVP human resources elected to Children’s Miracle Network Hospitals board of governors

BY Alaric DeArment

CAMP HILL, Pa. — The Children’s Miracle Network Hospitals has elected Rite Aid EVP human resources Brian Fiala to its board of governors, Rite Aid said Tuesday.

The organization, which raises money for 170 children’s hospitals across North America, elected Fiala, who began at Rite Aid in 2007 as EVP store operations and was named EVP human resources in July, at its recent annual board meeting in Orlando, Fla.

"Rite Aid has been a tremendous partner to our hospitals for 17 years, and we know Brian is a great addition to our board of governors," Children’s Miracle Network Hospitals CEO John Lauck said. "We’re looking forward to his contributions and appreciate the commitment Brian has made to help grow Children’s Miracle Network Hospitals."

Fiala’s roles at the organization will include development and fundraising. Rite Aid has raised more than $50 million for the organization since becoming a sponsor in 1994.

"Since joining the Rite Aid team, I’ve been so impressed by the passion our associates have for Children’s Miracle Network Hospitals, not only during our annual paper Miracle Balloon campaign each spring, but throughout the year," Fiala said. "It’s an honor to represent them on the board of governors, and I look forward to advancing the mission of Children’s Miracle Network Hospitals and helping the kids who need it the most."

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