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New Justin Timberlake album sold at Target features two bonus tracks

BY Alaric DeArment

MINNEAPOLIS — Target is selling a special edition of Justin Timberlake’s new studio album, the mass-merchandise retailer said Monday.

Target said its edition of Timberlake’s album, "The 20/20 Experience," would feature two bonus tracks, "Dress On" and "Body Count."

"Partnering with Justin Timberlake continues Target’s track record of working with some of music’s biggest and most iconic stars," Target divisional merchandise manager of entertainment Anne Stanchfield said. "Our goal is to fuel our guests’ passion for music and with excitement for the launch of ‘The 20/20 Experience,’ fans won’t want to miss the extra tracks available only at Target."

 

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Ahold sells stake in ICA

BY Alaric DeArment

AMSTERDAM — Dutch supermarket operator Royal Ahold is selling its majority stake in a Scandinavian supermarket chain to an investors group, the company said Monday.

Ahold, which operates the Giant-Carlisle, Giant-Landover and Stop & Shop banners and the Peapod online grocery service in the United States, said it would sell its 60% stake in ICA to Hakon Invest of Sweden for $3.3 billion.

ICA, based in Sweden, operates the ICA and Rimi chains in Norway and the Baltics.

 

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In true hedgehog fashion, Walgreens taps an experienced pro to lead merchandising

BY Michael Johnsen

RadioShack on Thursday evening tapped Joe Magnacca, who played a key role in making Walgreens’ front-end transformation pop, to be the small-box electronics retailer’s chief executive. On Friday morning, RadioShack’s shares jumped as Wall Street absorbed the news. 

And while that hire makes perfect sense for RadioShack, where does that leave Walgreens? While merchants the likes of Magnacca don’t exactly grow on trees, in classic hedgehog style the news also speaks to the depth of Walgreens’ bench. The company has a lot of faith in Bryan Pugh. They hired him to be chief merchant before they bought Duane Reade and acquired a problem just about any retailer would love to have: two very talented men leading the merchandising drive. 

In other words, don’t expect Walgreens to skip a beat. Last year when DSN had camped out within the executive suites at Walgreens to get some first-hand perspective on what was really happening on the corner of happy and healthy, Pugh shared a vivid picture as to how savvy merchants keep evolving their game: "You’ve got to skate to where the puck is going, not to where it’s been.” 

It’s a beautiful analogy that really does capture the essence of retailing. You’ve got to keep an eye on the puck, or it’ll be cherry-picked onto the end of the competition’s stick. And while you’ve got your eye on the puck, you still have to know what’s happening all around you, or you risk being boarded by another competitor. 

Pugh has that 360-degree vision. 

He came to Walgreens in 2009 from Tesco’s Fresh and Easy USA where he was COO and SVP operations. He also has experience working in big-box retail and club.  

"It’s all about measuring and making sure you get the model right," Pugh told DSN regarding remodels and making the front-of-store a product borne out of consumer needs. 

Walgreens will still be playing five-on-five now that Pugh is taking his place on center ice. Walgreens will still be lighting the lamp with their customers across beauty, wellness and fresh. 

Because Pugh has strength across his bench, too. 

“I am very thankful that we have a very solid merchandising team with solid leadership in the GMM roles: Shannon Curtin on beauty, personal needs and seasonal; Robert Tompkins on health and wellness; and Steve Broughton in food and convenience goods," he told DSN. "Our category managers and category specialists are making tremendous progress over the last year, and we are looking forward to continuing to change the traditional drug store into a health and daily living destination.”


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