Hy-Vee explores smaller store model
DES MOINES, Iowa Hy-Vee has announced plans to try out a smaller version of its normal supermarkets, in an effort to please customers who turn away from large, spread out stores, according to published reports. The new store will be located in Lincoln, Nebraska.
The smaller format store will offer a smaller variety of product but will provide customers with most of the basic items they generally shop for, such as packaged and canned goods, produce, dairy and meat departments, according to Hy-Vee’s chief executive officer Ric Jurgens.
“We think there is a value in developing a smaller store model with a limited assortment of merchandise,” said Jurgens. “It was important to us to come up with a format that would be intriguing, practical and successful. We think we’ve found one.”
The store will be about 20,000 to 25,000 square feet larger than a convenience store. The company is still drawing up floor plans for the new store, with more details expected within the next month or two.
Clarification: Goldman leaves CVS, Sansone to succeed him
WOONSOCKET, R.I. CVS Caremark has confirmed that Allan Goldman, vice president of general merchandise and consumables has left the company.
Succeeding Goldman at CVS is Judy Sansone, vice president of merchandising.
Drug Store News had previously reported that Goldman was joining Duane Reade. However, Goldman said he is not joining Duane Reade. It is unclear at this time where Goldman will land next as he could provide no further comment.
Goldman, who was crowned the winner of the general merchandise merchant of the year award at the 20th Annual Drug Store News REX Awards ceremony, was recruited by CVS in 2001. Before joining CVS, he was vice president of merchandising at PlanetRx.com.
From March 1995 to July 1998, Goldman served as senior vice president of marketing and merchandising for The Cosmetic Center, a retail cosmetic company. From June 1988 to February 1995, he served as vice president of merchandising for Rite Aid.
Walgreens to launch private label clothing line
Walgreens is expanding its private label offerings to include a clothing line, Casual Gear. As reported by The Chicago Tribune, the line will launch in April at most of Walgreens 6,000 stores.
The line will feature capris, sweat pants, vests and T-shirts that will retail between $7 and $15, reportedly.
Walgreens reported February sales of $4.9 billion, and increase of 14.5% from $4.3 billion for the same month in 2007. Sales in comparable-stores rose 8.3%, while comparable-store front-end sales increased 8.2%.