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U.S. Hispanic population outpaces overall population growth, data show

BY Antoinette Alexander

WASHINGTON — The nation’s Hispanic population grew four times faster than the total U.S. population between 2000 and 2010, with Mexicans representing the largest Hispanic group, according to recent data from the U.S. Census Bureau.

The recently released 2010 Census brief shows that the Hispanic population increased by 15.2 million between 2000 and 2010 and accounted for more than half of the total U.S. population increase of 27.3 million. Between 2000 and 2010, the Hispanic population grew by 43% — four times the nation’s 9.7% growth rate.

About three-quarters of Hispanics in the United States are reported as Mexican, Puerto Rican or Cuban origin in the 2010 Census.

Mexican origin was the largest group, representing 63% of the total U.S. Hispanic population, up from 58% in 2000. This group increased by 54% and saw the largest numeric change (11.2 million), growing from 20.6 million in 2000 to 31.8 million in 2010. Mexicans accounted for about three-fourths of the 15.2 million increase in the total Hispanic population between 2000 and 2010.

Puerto Ricans were the second largest group, followed by the Cuban origin population, according to the data.

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CtW Investment Group wants Rite Aid to overhaul its board

BY Alaric DeArment

WASHINGTON — An investment group that holds approximately 3 million shares of Rite Aid stock is calling for an overhaul of the retail pharmacy chain’s board ahead of its annual stockholders meeting next Thursday.

In a letter to Rite Aid’s board of directors, the CtW Investment Group, which works with pension funds sponsored by unions affiliated with the nonprofit group Change to Win, said its analysis found that only 4-of-the-11 nominees named in Rite Aid’s May 13th proxy statement were sufficiently independent to represent public shareholders.

Responding to the letter, Rite Aid SVP corporate communications Karen Rugen told Drug Store News that 8-of-the-11 nominees “fully satisfy” the New York Stock Exchange’s director independence requirements.

“We have a well-qualified board with a broad and diverse range of business experience,” Rugen said.

There currently are 10 nominees for director up for election to the board, while Leonard Green & Partners announced last month that it plans to elect John Baumer to replace its member on the board, Jon Sokoloff, who has resigned. Leonard Green & Partners, an affiliate of Green Equity Investors III, has the right to elect a board member under an agreement it made with Rite Aid when it purchased stock in the company in October 1999.

In the letter, CtW Investment Group executive director William Patterson wrote, “Our company’s lackluster performance over the past decade and the daunting circumstances in which it presently finds itself are inextricably tied to a lack of needed oversight by truly independent directors, and warranted far greater treatment in the proxy statement mailed to shareholders on May 13th.”

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Mrs. Green’s officially confirms purchase of A&P Superfresh stores

BY Allison Cerra

SCARSDALE, N.Y. — Natural food retailer Mrs. Green’s Natural Market confirmed its acquisition of seven Superfresh grocery locations in Maryland and one Superfresh location in Washington, D.C., from the Great Atlantic and Pacific Tea Co.

"This investment is part of a strategy to grow our concept in underserved regions," said Matt Williams, CEO of Mrs. Green’s parent company, Natural Market Restaurants. "We have been exploring several options in Maryland and Washington, D.C., and this acquisition is a tremendous first step in providing consumers with healthy, natural and affordable food choices."

As previously reported by Drug Store News, A&P auctioned off 25 Southern Superfresh locations as it implements its financial and operational restructuring.

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