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NACDS: Innovation in store for Total Store Expo attendees

BY Antoinette Alexander

ARLINGTON, Va. — Now in its second year, attendees are gearing up to engage in the next generation of the National Association of Chain Drug Stores Total Store Expo to be held at the Boston Convention and Exhibition Center from  Aug. 23 to 26.

“The NACDS Total Store Expo is unlike any other industry trade show, with an eye toward utilizing innovation and technology in maximizing business opportunities throughout the entire store,” stated NACDS president and CEO Steve Anderson.  “The many facets of this unique show present opportunities well-beyond the four days in Boston.  We look forward to a successful show that provides bold visions, and long-term success for the industry.”  

Bringing together retailers and suppliers for four days of programming and exhibits, the show enables business partners to innovate together across departments and functions with an eye toward the total store experience.

According to NACDS, attending the show requires advanced preparation. So, NACDS has developed online and mobile resources to help attendees arrive ready to go in Boston later this month.

The website at tse.nacds.org includes tactical resources to help exhibitors and retailers plan effectively for the meeting, including video tutorials, preparation checklists, a meeting-scheduling tool and other resources and insights.

Another online tool in planning for the show is the mobile app. The app provides a dashboard of features to help attendees plan ahead and navigate the NACDS Total Store Expo. Key features include interactive maps, schedule of events, list of exhibitors, NACDS-TV videos, photo gallery and the ability to set up a profile to connect with other attendees.  

Further reinforcing NACDS’ commitment to innovation and providing opportunities for success for attendees, NACDS-TV will return – this time with a studio in the Exhibit Hall that will offer attendees the possibility to go on-camera with their success stories. NACDS-TV also is helping registrants prepare for the show though video tutorials on the show’s programming and other useful tips and “how-to’s” to help make the show experience successful for retailers and suppliers. NACDS-TV will offer daily coverage throughout the trade Expo.  

Furthermore, programming for the NACDS Total Store Expo drives success for attendees.  

Business Program: Attendees will have access to these exclusive opportunities to hear from key industry leaders on key industry issues, as well as high-caliber keynote speakers addressing relevant and timely topics.

Compelling Speakers: The NACDS Total Store Expo would not be complete without a cadre of distinguished speakers. Dr. Ben S. Bernanke, former chairman, The Federal Reserve System will address attendees during the morning Business Program on Sunday, Aug. 24.  In his remarks, Bernanke will impart his experience as the nation’s former leading financial advisor during some of the nation’s most challenging financial times.
John Standley, chairman and CEO, Rite Aid and chairman of the NACDS board of directors, will stress the importance of retailer-supplier collaboration in an ever-evolving and -innovating industry from a CEO’s perspective during the morning Business Program on Sunday, Aug. 24.
NACDS’ Anderson will highlight the unique opportunities for retailers and suppliers to work together within the current operating environment nationally and within NACDS during the morning Business Program on Sunday, Aug. 24.

Exhibit Floor:  The NACDS Total Store Expo exhibit floor offers attendees the opportunity to discover the latest products and services from innovative suppliers in the areas of consumer goods, pharmacy, technology and more.  The floor is open from noon to 6 p.m. on Sunday, Aug. 24; 9:30 a.m. to 6 p.m. on Monday, Aug. 25; and 8 a.m. to noon on Tuesday, Aug. 26.  

Insight Sessions: Educational “Insight Sessions” will offer presentations by experts on a variety of key issues and priorities including innovation, healthcare, business and logistics.  To date, 23 Insight Sessions are scheduled during the NACDS Total Store Expo.
Each session is crafted to ensure that attendees are receiving helpful information to conduct business on a day-to-day basis on a variety of topics including the impact of the Affordable Care Act, emerging healthcare models, business planning, consumer and market trends, innovation, health information technology and digital solutions.  

Meet the Market: Meet the Market can turn innovative exchanges into real-world opportunities.  These 10-minute appointments arranged by NACDS enable participating exhibitors to present their company and products to retailers, resulting in thousands of meetings.  The program will take place on Saturday, Aug. 23 from 9:30 a.m. to 5:30 p.m. in Exhibit Hall C.

Meet the Retailer: Suppliers have the opportunity to hear directly from retailers about how-to do business together.  These sessions will take place concurrently on Saturday, Aug. 23 from 11 a.m. to 4:30 p.m. in meeting rooms on Level 1.

Product Showcase:  Attendees do not have to wait until the start of the NACDS Total Store Expo to view the latest products that will be exhibited during the trade show.  The virtual Product Showcase can be viewed electronically now on the NACDS web site. Onsite at the NACDS Total Store Expo, the location of these glass-enclosed cases offer exhibitors the opportunity to showcase their latest products as retailers conduct business on the exhibit floor throughout the show.

Vision 2025:  Partnering with NACDS in this endeavor are Checkpoint Systems and Kantar Retail. Vision 2025 will provide attendees with a glimpse of “what comes next” in the industry through technology platforms, displays and interactive experiences.  Accessible to all attendees, this exhibit will be located at the entrance to the exhibit floor during the four-day trade show.
 

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Former CVS chief accounting officer named to Dollar General board

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Wednesday announced the appointment of Paula Price, senior lecturer at Harvard Business School, to its board of directors effective Aug. 26.
 
“We are delighted to welcome Paula to the Dollar General board of directors,” stated Rick Dreiling, Dollar General’s chairman and CEO. “Her broad financial experience, including as CFP of Ahold USA and as a board member for several public companies, brings valuable insights to our company as we continue to grow our business.”
 
The election of Price to Dollar General’s board will bring the total number of directors to eight. Price, who has been designated an audit committee financial expert, will serve on the audit committee of Dollar General’s board.
 
Price has been senior lecturer at Harvard Business School in the Accounting and Management Unit since July 2014. She was EVP and CFO of Ahold USA from May 2009 until January 2014. Before joining Ahold, she was the SVP controller and chief accounting officer at CVS Caremark Corporation from July 2006 until August 2008. Earlier in her career, Price served as the CFO for the Institutional Trust Services division of JPMorgan Chase and held several other senior management positions in the U.S. and the U.K. in the financial services and consumer packaged goods industries. 
 
A certified public accountant, she began her career at Arthur Andersen & Co. Price currently serves as a director of Accenture and Western Digital Corporation. She previously served as a director of Charming Shoppes. She earned her MBA from the University of Chicago and her BS from DePaul University.

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NPD: Most fine fragrance users also use some type of scented body product

BY Antoinette Alexander

PORT WASHINGTON, N.Y. — Most fine fragrance users also use some type of a scented body product, according to new research by global information company the NPD Group, representing significant opportunities for the fragrance industry.

NPD’s 2014 Women’s FragranceTrack Report found that 9-out-of-10 women in the United States use a scented personal product, and the majority of fine fragrance users also use some type of scented body product.

Very few women use only fine fragrances. Nearly 60% of women, age 16 years and older, currently use a fine fragrance juice as well as a scented body product. This is a true statement for most women, regardless of their age or race. However, about one-third of women, across all demographic groups, only use a scented body product.

“The wide usage of scented products in the U.S. is an outstanding opportunity for the fragrance industry; the fact that so many women are using more than one type of scented product indicates that the fragrance industry’s audience has a variety of scent needs and desires that they are looking to fulfill,” stated Karen Grant, VP and global beauty industry analyst, the NPD Group. “The scent preferences of yesterday are not the same today. Understanding how fine fragrance now coexist with, and complement, personal ancillaries will help create new and exciting ways to engage the consumer.”

Among personal ancillaries, scented body lotions are most commonly worn at the same time as fine fragrance juices, followed by scented hair mists, and body sprays. Almost 20% of women who use body spray or scented hair mist report they’d be willing to pay more than $16 for the product. While this may sound like a relatively small segment of the market, women who also use a fine fragrance are willing to pay more on average for their ancillary products.

Furthermore, the demographic profiles of fine fragrance users and scented body product users are almost identical. These statements suggest a growth opportunity that exists for the fine fragrance industry among their existing target market, according to NPD.

“Understanding the dynamics behind the desired scent experiences of today’s female fragrance consumer, and their related purchase behaviors, is necessary for the business to evolve and grow as the consumer does,” added Grant. “The fine fragrance market can expand their loyal customer base through new, complementary products and messaging.”
 

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