Harris Teeter donates $550,000 to area food banks
CHARLOTTE, N.C. — Harris Teeter on Monday announced that more than $550,000 has been donated to local food banks out of the company’s Harvest Feast Food Drive and Donation Card Campaign.
The campaign ran during the month of November in all Harris Teeter stores; customers purchased $1, $5 or $20 donation cards, and the dollars donated during the campaign equate to 4.4 million meals which the food banks involved are able to provide to community members-in-need.
"Harris Teeter recognizes that hunger affects millions of Americans including hard-working adults, children and seniors, and the company offered its customers an easy way to help fight hunger through participation in the donation card campaign," Harris Teeter stated. "The financial and in-kind contributions made by Harris Teeter customers will go a long way toward helping food banks in Harris Teeter’s marketing areas supply food and grocery products to the communities they serve."
Emerson Group names three new partners
PHILADELPHIA — The Emerson Group last weekend announced that it had added three new partners to the company, naming, Clark Tyndall, Sue Smith and Brian Schaefer to Emerson’s partner group.
Tyndall has been with Emerson for 10 years, with key contributions has to Emerson’s Walmart, Sam’s Club and dollar store businesses, and is credited within the organization as having played a key role in developing and growing Emerson’s private brand business model.
Smith, an eight-year Emerson vet "has been promoted to our Walgreens team and will relocate to Chicago after the holidays," the company noted in an internal memo.
Schaefer has been with Emerson for six years, having come joined the company from Avent where he had been an Emerson client. "Brian has taken our CVS business to a whole new level and successfully built a very strong team around that important retailer," the company noted.
CVS Caremark increases size of tender offer amount
WOONSOCKET, R.I. — CVS Caremark has upped the size of its previously announced tender offers to refinance a portion of its debt.
The company stated that it will buy back up to $1.33 billion in notes, up from the previously announced $1 billion.
"Through this transaction as well as our recent debt issuance, we are taking advantage of the current favorable interest rate environment. This debt refinancing will enhance our long-term debt structure and decrease our interest expense going forward,” stated Dave Denton, EVP and CFO of CVS Caremark.