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Rite Aid comps fall in May

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid’s same-store sales decreased by 1.5% in May as the shift to generic drugs continued to offset front-end comps, the retail pharmacy chain said Thursday.

The Camp Hill, Pa.-based retailer reported a 0.8% increase in front-end comps for the month, which included the five weeks that ended June 1, and a 2.7% decrease in pharmacy comps, which itself included a 3.73% negative effect from new generics. Same-store prescription count decreased by 0.3%.

Total-store sales for the month were $2.423 billion, a 1.5% decreased from May 2012’s $2.459 billion, with 67% of sales coming from sales of prescription drugs.

For the 13-week period that ended June 1, comps decreased by 2.5%, including a 0.4% increase in front-end comps and a 3.8% decrease in pharmacy comps. Same-store prescription count decreased by 0.1%. Total-store sales for the period were $6.264 billion, a 2.8% decrease from last May’s $6.441 billion.

 

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P&G reorganizes global business units into industry-based sectors

BY Antoinette Alexander

CINCINNATI — With former chief A.G. Lafley back at Procter & Gamble as president and CEO, the company is grouping its Global Business Units into four industry-based sectors to support its current growth strategies of strengthening developed market businesses, maintaining developing market momentum, building a strong innovation pipeline and driving productivity improvements.

“This sector organization and leadership team will help us operate more effectively and efficiently to continue momentum behind P&G’s growth strategies,” stated Lafley. “These changes build on the productivity and organization design work led by Bob McDonald, and will help us get closer to consumers and become more agile with customers.”

The businesses in each sector are focused on common consumer benefits, share common technologies, and face common competitors, the company stated, and each sector will be led by a group president.

Martin Riant has been elected group president of Global Baby, Feminine and Family Care. This sector includes the following global categories: Baby care, family care and feminine care. Riant will lead the sector in addition to his current responsibilities as group president Global Baby Care.

Deborah Henretta has been elected group president of Global Beauty. This sector includes the following global categories: Beauty care, retail hair care and color, salon professional and prestige. Henretta will lead the sector in addition to her current responsibilities as group president Global Beauty Care.

David Taylor, currently group president Global Home Care, has been elected group president of Global Health and Grooming. This sector includes the following global categories: Shave care, braun, oral care, health care and pet care. In addition to leading the sector, Taylor will assume additional responsibility for the pet care business, succeeding Jorge Mesquita who is leaving the company to pursue outside interests. Charles Pierce, currently group president Global Oral Care, will also assume the additional responsibilities for New Business Creation and Innovation currently held by Mesquita. Pierce will report to Taylor for oral care and to Lafley for New Business Creation and Innovation.

Giovanni Ciserani has been elected group president of Global Fabric and Home Care. This sector includes the following global categories: Fabric care, home care and power. Ciserani will lead the sector in addition to his current responsibilities as group president Global Fabric Care. In connection with this, George Tsourapas, currently VP fabric and home care, central and Eastern Europe, Middle East and Africa, has been elected president Global Home Care and P&G Professional, succeeding Taylor. Tsourapas will report to Ciserani.

With their expanded roles, Ciserani, Henretta, Riant and Taylor will report directly to Lafley. Presidents for each of the global business units included in each sector will now report to the respective sector group president. These changes are effective July 1.

“We expect this structure to facilitate faster global expansion of brand and product innovations to win with consumers,” Lafley stated. “Sectors will also drive technical, commercial, financial and organizational synergies to improve results.”

Concurrent with these changes, P&G is also announcing that Dimitri Panayotopoulos, currently vice chairman, Global Business Units, has been elected vice chairman and advisor to the chairman and CEO effective July 1. Panayotopoulos will continue to report to Lafley.

Also effective July 1, Melanie Healey, group president North America and Global Hyper, Super and Mass Channel, will report to Lafley in addition to Werner Geissler, vice chairman global operations. This change reflects the size and impact of the North America market to P&G’s business. Geissler will continue reporting to Lafley as vice chairman Global Operations, with particular focus on Western Europe and developing markets.

“This will strengthen our focus on go-to-market excellence in our core developed and developing markets,” Lafley stated. “Taken together, these organization changes will help us operate better and faster as one unified team to win.”
 


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Unseasonal weather dampens May sales at Fred’s Super Dollar

BY Michael Johnsen

MEMPHIS, Tenn. — Fred’s Super Dollar on Thursday posted sales of $152.4 million, up 0.2%, for the four weeks ended June 1. Comparable store sales for the month decreased 0.5% compared with an increase of 1.3% in the same period last year.

"May comparable stores were consistent with the outlook we shared last week in connection with first quarter results," noted Bruce Efird, Fred’s CEO. "Unseasonal cool and wet weather in May continued to have a negative impact on lawn and garden merchandise, summer toys and other seasonal departments. Additionally, the sales impact of the ongoing brand-to-generic conversion in the pharmacy department more than offset continued growth in script counts," he said. "We estimate that this shift reduced total and comparable store sales for the month by approximately 200 basis points."

The company’s reconfiguration initiatives continue to gain traction as evidenced by overall positive comparable sales in general merchandise and the total script growth in the pharmacy department, Efird added. 


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