Stater Bros. posts increased sales, profit in FY2012
SAN BERNARDINO, Calif. — Sales at Stater Brothers increased by 1.83% to $67.8 million in fiscal year 2012, the company said in an earnings report.
The 167-store chain’s sales for the fiscal year, which ended Sept. 30, were $3.9 billion, thanks in part to an extra week; without the extra week, sales would be $3.8 billion, but still higher than 2011’s $3.7 billion. Profit for the year was $37.7 million, compared with $26.3 million in fiscal year 2011.
Sales for the fourth quarter were $1.025 billion, compared with $941.8 million in fourth quarter 2011. Sales for fourth quarter 2012 without the extra week would be $957.2 million.
"Our success in the current year is due to our valued customers responding favorably to our marketing efforts which have emphasized quality and value and has attracted new customers in fiscal 2012," Stater’s president, chairman and CEO Jack Brown said. "Our results reflect the benefit of our debt refinancing last year which as significantly reduced our interest expense."
The National Hispana Leadership Institute announces 2013 ELP fellows
WASHINGTON — The National Hispana Leadership Institute has announced its 2013 Executive Leadership Program fellows. Following a nationwide search, 22 Latinas have been selected to participate in this program.
“Every year, I am more amazed by the cohort of remarkable Latinas I see go through our programs, and this year is no different. Our women come from diverse backgrounds, with a genuine desire to contribute to their communities and professional settings. We extend a warm welcome and look forward challenging them, in addition to experiencing firsthand how they get ready to take the world on by storm and inspired to go to the next level,” stated Marieli Colon-Padilla, board chair.
Now in its 25th year, the Executive Leadership Program is held in conjunction with Harvard University’s John F. Kennedy School of Government and the Center for Creative Leadership. The Executive Leadership Program spans 11 months and includes three components: training, mentorship and leadership projects. The 2013 program begins in December 2012 and ends in October 2013.
Fellows commit to mentoring at least two other young women and are required to complete their individual leadership project that is designed to significantly impact the community.
This year’s fellows come from all around the country and from varying professions. Participants are selected based on their community service record, their personal and professional accomplishments, and dedication to being leaders in their community.
Walgreens Worksite Health Centers receive accreditation as medical homes
DEERFIELD, Ill. — Walgreens and the Accreditation Association for Ambulatory Health Care announced on Thursday that half of the primary care worksite health centers managed by Walgreens Employer Solutions Group have received Medical Home accreditation, with plans to have all of the company’s employer-based primary care centers accredited in the first half of 2013.
The accreditation recognizes that each worksite health center meets AAAHC requirements to be considered a patient-centered medical home, embodying best practices and operating in compliance with nationally recognized standards of care.
“We’re proud to have received accreditation from AAAHC, an organization that shares our commitment to ensuring healthcare delivery meets the highest-quality standards and is coordinated across the healthcare spectrum, benefitting both employers and employees,” stated Trent Riley, divisional VP for Walgreens Health and Wellness division. “Walgreens has demonstrated how investing in worksite health programs can reduce costs and improve health outcomes for our clients, and this recognition underscores the broad capabilities and quality of care delivered by the dedicated healthcare providers at our centers.”
As part of the approximately year-long accreditation process, AAAHC representatives visited worksite health centers at a number of Walgreens client sites, including Toyota, Southwire and Fieldale Farms. At each of these locations, on-site surveys were conducted in order to evaluate whether the Walgreens facilities successfully meet AAAHC criteria as a Medical Home.
The AAAHC accreditation brings further recognition to Walgreens core structure for demonstrated compliance with AAAHC established clinical, quality and organizational standards related to the management and operation of its worksite health centers.
AAAHC has established specific standards for the Medical Home that require them to be patient-centered, physician-directed, comprehensive, accessible and to coordinate care with all of the patient’s primary care and specialty care provider teams.
AAAHC, which in 2009 launched the nation’s first medical home accreditation, was also the first organization to offer an on-site survey for the Medical Home. The peer-based surveys are designed to allow for a more rigorous process examining the quality of provided, and are conducted by physicians, nurses and clinical administrators who work in ambulatory healthcare delivery.
Employers are increasingly looking to offer on-site health-and-wellness services, according to a 2011 report from Towers Watson and the National Business Group on Health. The report showed 23% of companies currently offer on-site health services and that an additional 12% of companies plan to begin to offer services this year