Standley to assume president, CEO roles at Rite Aid
CAMP HILL, Pa. Rite Aid on Thursday announced that John Standley will be promoted to the position of president and CEO effective June 24 at the company’s annual stockholder meeting. Mary Sammons, currently Rite Aid chairman and CEO, will continue as chairman.
Standley’s promotion is part of the company’s executive succession plan and was approved Thursday at a regularly scheduled meeting of Rite Aid’s board of directors. Sammons, 63, will remain Rite Aid chairman until the company’s annual meeting in June 2012. Sammons said she intends to be an active chairman, continuing to represent the company in industry and government affairs as well as assist as needed with strategic initiatives.
Standley, 46, returned to Rite Aid in September 2008 as president and COO after leaving in August 2005 to become CEO and board director of Pathmark Stores, where he was credited for engineering a second turnaround, the first being Rite Aid during his first tour there. He originally joined Rite Aid in December 1999 as EVP and CFO, part of a new executive management team that also included Sammons. He has served as a member of the Rite Aid board since June 2009.
“When I asked [Standley] to return to Rite Aid, I knew he would move swiftly to improve our company’s operations,” Sammons said. “As president and COO, he’s helped us manage through this recession and set in motion initiatives to grow our company for the future. We are in a much stronger financial position today in large part due to his leadership. His many accomplishments in such a short time as president and COO and his previous successful track record at our company demonstrate his ability to guide Rite Aid as its next CEO.”
“It’s a privilege to work with [Sammons] and the 99,000 talented and dedicated Rite Aid associates to build on the considerable progress we’ve made in the past year,” Standley said. “While we still have a lot of hard work ahead, I’m confident in the strategies we’ve identified to improve our performance and look forward to leading the company as we continue to implement initiatives to grow profitable sales, further improve our cost structure and reduce debt.”
From 2005 until 2007, Standley engineered and led a successful turnaround at Pathmark, a $4 billion regional supermarket chain with a strong pharmacy business that was sold to A&P. At Rite Aid between 1999 and 2005, he served as chief administrative officer, senior EVP and CFO, where he was a key part of the team that helped realize Rite Aid’s first turnaround. Prior to Rite Aid, he served in key executive financial positions at various retail and grocery companies including Fleming, Fred Meyer, Ralph’s Grocery and Smith Food & Drug Centers. He is a member of the board of governors of the Children’s Miracle Network.
NCR brings DVD kiosks to Brookshire Grocery
DULUTH, Ga. NCR is gearing up to install Blockbuster Express-branded DVD-rental kiosks in a regional grocery store chain.
The kiosks will be installed in Brookshire Grocery stores throughout Texas, Louisiana, Arkansas and Mississippi. NCR anticipates fully deploying to the chain within the first three months of 2010.
NCR’s kiosks hold more than 900 DVDs, giving customers a great choice of new releases and classic titles. NCR began deploying Blockbuster Express kiosks in Brookshire Grocery in 2009, with about 100 kiosks installed at the chain at the end of the year.
“For more than 80 years, Brookshire Grocery has strived to give our customers a great shopping experience. Through our new relationship with NCR, we are able to give our customers the convenience and savings associated with BLOCKBUSTER Express DVD rentals,” said Don Gaynier, Brookshire Grocery. “We considered many of the leading DVD kiosk providers, and we were most impressed with NCR’s rapid growth in the space.”
No membership is required to rent a DVD at a Blockbuster Express kiosk – customers simply swipe their credit card and are charged $1 per night until they return the DVD. For a full list of titles available through Blockbuster Express kiosks, visit www.blockbusterexpress.com.
CVS/pharmacy’s ExtraCare cardholders save big in 2009
WOONSOCKET, R.I. CVS/pharmacy announced Tuesday that ExtraCare cardholders received a combined total of more than $1.9 billion in savings and rewards throughout 2009.
In addition, the pharmacy retailer kicked off on Jan. 17 a special promotion, dubbed “I Heart My Double Bucks!” The promotion offers double Extra Bucks rewards to customers purchasing prescriptions and CVS/pharmacy brand health, household, beauty and personal care products. By presenting a Double Bucks certificate along with their ExtraCare card in-store or by signing up for the offer online, shoppers will earn twice the amount of Bucks with $2 Extra Bucks for every two prescriptions filled and will earn 4% back on all CVS/pharmacy brand purchases instead of the usual 2%. Shoppers who sign up for Double Bucks will earn 4% back when purchasing any CVS/pharmacy brand product.
In the final quarter of 2009 alone, ExtraCare cardholders earned a total of $76 million in savings. With more than 62 million active cardholders, CVS/pharmacy’s ExtraCare Rewards program remains the largest retail loyalty program in the United States.
Seniors led the charge as the fastest growing demographic of rewards program users with more than 7.3 million to date and growing. Meanwhile, Los Angeles took the lead as the community with the highest number of Extra Bucks in the last three months of 2009 with shoppers there earning more than $6.5 million.
The program itself saw an increase of 10 million active card users from December 2008 to December 2009. Both the number of men and women who signed up for a card increased substantially, growing by 8.7% and 7.9%, respectively, since last year.
“In 2009, Americans continued to cut costs and look for new ways to help stretch their dollar,” stated Bari Harlam, VP marketing for CVS/pharmacy. “Through our ExtraCare loyalty program, we were able to deliver real value to CVS/pharmacy customers consistently throughout the year. In 2010 we’re raising the bar even higher for ExtraCare members as we focus on providing additional savings on the products our customers need and value most like prescriptions and over-the-counter medications.”