Report: Target to sell Zellers pharmacy scripts, start over when stores re-open
NEW YORK — Target is selling off the pharmacy business of the Zellers stores it bought as part of an effort to expand into Canada and start over, according to published reports.
Toronto-based newspaper The Globe & Mail reported that Target would sell Zellers’ scripts to other retailers as it prepared to close the stores down for remodeling. The company plans to re-open them as Target stores, with pharmacies, in 2013. Industry observers value Zellers’ pharmacy business at about C$500 million, according to the newspaper.
Target announced the C$1.83 billion (US$1.78 billion) purchase of up to 220 Zellers stores from the Hudson Bay Co. soon after announcing its 2011 U.S. expansion plans at the end of last year and said it planned to open 100 to 150 Target stores throughout Canada in 2013 and 2014.
In May, the company announced the selection of the first 105 stores that it planned to convert, and in June, it announced that it had selected Mississauga, Ontario, as the site of its Canadian headquarters.
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Safeway raises $1M for wounded warrior project
PLEASANTON, Calif. — Safeway announced that its stores raised $1 million for the Wounded Warrior Project, an organization that exists to honor and empower military men and women who incurred service-related injuries on or after Sept. 11, 2001.
The money was raised during Veteran’s Day weekend by all Safeway, Vons, Pavilions, Dominick’s, Randalls, Genuardi’s, Tom Thumb and Carrs stores in the United States
"Our customers enthusiastically showed their support and respect not only for the work of the Wounded Warrior Project, but for veterans," said Larree Renda , Safeway EVP and chair of the Safeway Foundation. "This was an opportunity for our company and customers to help the heroes who risk their lives to defend the freedoms that we hold dear."
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Survey: More shoppers turning to Internet for coupon-driven deals
AUSTIN, Texas — RetailMeNot.com, an online coupon aggregator, found that online coupon usage was up 23% on its site in the months leading up to the holiday shopping season, the company announced Wednesday.
The company’s recently released "Shoppers Trend Report," a consumer survey conducted by Ipsos, identifies retail purchase patterns and consumer trends leading up to the holiday shopping season. According to the report, merchant sales driven by coupon usage on RetailMeNot.com were up by 82% year over year in the three months prior to the November launch of the 2011 holiday shopping season. More than half of consumers surveyed (51%) said that they intended to spend about the same this holiday season as they did last year; with only 11% saying they intended to spend more.
Adults ages 35 years and older are more likely than younger adults to be trimming their holiday budgets this shopping season (41% vs. 30%), and parents are more likely to be spending more on holiday shopping this year than are adults without a child under 18 (15% vs. 10%).
"With the significant uptick in merchants sales driven by RetailMeNot.com, it is clear that consumers are stretching their dollar by utilizing coupons and promotional codes to get more for their money while shopping online this holiday season," stated Josh Harding, director of business intelligence for WhaleShark Media, the operator of RetailMeNot.com. "In an environment where the economy continues to create uncertainty, both merchants and consumers are looking for coupon promotions, like free shipping, to drive demand and increase the value of each purchase.”
According to the Ipsos survey, clothing and accessories will likely continue as the most likely items to be on one’s gift list (54%). Other popular items include books, movies and music (44%); consumer electronics, such as TVs, e-readers and video games (37%); toys (34%); and bath and beauty products/treatments (26%).
Women are more likely than men to have clothing and accessories (61% vs. 47%); books, movies and music (49% vs. 39%); toys (41% vs. 26%); and bath and beauty items (35% vs. 16%) on their holiday shopping lists, while men are more likely to buy consumer electronics (45% vs. 30%). Adults younger than 55 years also are more likely than older adults to be interested in buying consumer electronics this holiday season (42% vs. 29%).
Data on merchant sales, coupon usage and other trend activity was pulled from consumer activity on RetailMeNot.com and its affiliated sites, which experience more than 300 million site visits annually, the company reported.
The Ipsos poll was conducted Nov. 7 to 8. For the survey, a national sample of 1,007 adults ages 18 years and older from Ipsos’ U.S. online panel were interviewed online.
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