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Walgreens, National Urban League partner on Way to Well Health Tour

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens and the National Urban League on Wednesday launched the Walgreens Way to Well Health Tour with National Urban League as a charitable component of the Walgreens Way to Well Commitment. The national tour provides free health resources to residents in urban and minority communities who experience disproportionately higher rates of preventable diseases, the companies stated. The service is free and insurance will not be billed.

"The National Urban League is thrilled to partner with Walgreens for the Way to Well Health Tour for the sixth year in a row," National Urban League president and CEO Marc Morial said. "As many urban and minority communities in the United States are struggling to afford rising healthcare costs in an uneasy economy, the free tests provided by the Way to Well Health Tour are vital to disease detection and prevention. Working together with Walgreens, we hope to educate and empower urban and minority communities to live healthier lifestyles."

The health tour’s bundle of free health tests and risk assessments is designed to provide participants with personal health insights that may indicate symptoms and potential risks for cancer, heart disease and diabetes. Tests include total cholesterol, glucose, blood pressure, body mass index, body composition, skeletal muscle, resting metabolism, visceral fat, real body age and body weight. Collectively, the health tests, valued at more than $100, are administered to adults ages 18 years and older by certified wellness staff and can be completed in approximately 20 minutes. Afterward, participants will consult with a Walgreens pharmacist or certified wellness staff about his or her results.

The tour also will continue highlight the Urban League’s "I Am Empowered" national service initiative and will collaborate with Urban League affiliates to encourage members of urban and minority communities to act as their own health advocates by visiting the Walgreens Way to Well Health Tour with NUL, which will provide free tests, assessments, education and consulting services.

Last year, Walgreens established the Walgreens Way to Well Commitment, a four-year, $100 million initiative to improve the everyday health of Americans nationwide. The initiative is dedicated to providing accessible, affordable resources for prevention and early detection of chronic diseases: heart disease, cancer and diabetes.

The Way to Well Health Tour is partially funded by consumers who support the Walgreens wellness services mission by purchasing Walgreens-branded health-and-wellness products. Walgreens has pledged 1 cent from the purchase of every Walgreens-branded health-and-wellness product between February 2012 through Jan. 1, 2013, up to $3 million annually, to support bringing preventive wellness services to local communities through the Walgreens Way to Well Fund.


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Family Dollar: Net income, EPS see double-digit growth in Q2

BY DSN STAFF

MATTHEWS, N.C. — Rising gas prices and a cautious consumer environment continues to benefit the dollar store, with Family Dollar being the latest example. The company reported that net income for the second quarter of fiscal year 2012, ended Feb. 25, increased 10.7% to $136.4 million, compared with net income of $123.2 million for the second quarter of fiscal year 2011. Net income per diluted share for the quarter increased 17.3% to $1.15, compared with 98 cents for the same period last year.

Total net sales for the second quarter increased 8.6% to nearly $2.5 billion, compared with total net sales of roughly $2.3 billion in last year’s second quarter. Comparable-store sales increased 4.5%, thanks to increased customer traffic and increased average ticket. Sales were strongest in the consumables and seasonal and electronics categories, the retailer noted.

"I’m very pleased to report that we delivered our 16th consecutive quarter of double-digit earnings per share growth. Our investments to improve the shopping experience and broaden our customer appeal are gaining momentum and continue to drive higher returns for our shareholders," Family Dollar chairman and CEO Howard Levine said. "Our strategy to provide value and convenience continues to resonate in this economic environment. As we execute against our strategic plan, our store teams are working hard to expand our merchandise assortment to better meet our customer’s needs and drive further market share gains."

For the third quarter, the company expects that comparable-store sales will increase between 5% and 7%, adding that earnings per diluted share will be between $1.01 and $1.11, compared with 91 cents in the third quarter of fiscal 2011.

For the full year, the company expects that earnings per share will be between $3.55 and $3.75, compared with $3.12 in fiscal 2011.

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AAFES begins executive search for civilian CEO to lead military retailer

BY Michael Johnsen

DALLAS — The Army and Air Force Exchange Service’s leadership will undergo a historic transformation as it welcomes its first civilian director/CEO to the helm, the military retailer announced Wednesday.
 
The Defense Department has instructed AAFES to convert the Commanding General’s position to a nonmilitary director/CEO position, marking the first time in the AAFES’s 116-year history that a civilian will lead the organization. COO Mike Howard will take over as acting director/CEO as the organization’s board seeks a permanent replacement.
 
A “Change of Responsibility” ceremony that also will serve as the official retirement ceremony for the Exchange’s current commander, Maj. Gen. Bruce Casella, will be held at Exchange headquarters on Friday.

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