Sam’s Club CEO Rosalind Brewer to retire Feb. 1
Former Walmart chief merchant named Family Dollar COO
CHESAPEAKE, Va. — Dollar Tree and its Family Dollar subsidiary on Thursday added former Walmart chief merchant Duncan Mac Naughton to the team and promoted Dollar Tree president and COO Gary Philbin to the role of enterprise president.
Mac Naughton, 54, has joined the company as president and COO of Family Dollar and will report to Philbin. “I would like to welcome Duncan Mac Naughton to the Family Dollar team," Philbin said. "Duncan is an accomplished retail leader and will be instrumental in continuing to develop and improve the Family Dollar banner through an intense focus on the customer.”
“I look forward to working with Duncan as we continue to develop the Family Dollar banner to its highest level of productivity,” stated Bob Sasser, CEO Dollar Tree. “Just as we have done at Dollar Tree, our goal is to serve the Family Dollar customer with terrific merchandise values in stores that offer a bright, fun and friendly shopping environment. Duncan brings a tremendous amount of experience, retail acumen and energy to our Family Dollar brand and to the entire Dollar Tree organization.”
In his new role, Philbin will oversee store operations, merchandising, marketing and real estate across all banners including Dollar Tree, Family Dollar and Dollar Tree Canada. And he will continue to report to Sasser.
With more than 15 years at Dollar Tree, Philbin was most recently president and COO of Family Dollar, where he oversaw the development of strategic initiatives and the successful achievement of budgetary, synergy and transition goals following Dollar Tree’s acquisition of Family Dollar in July 2015. From 2007 to 2015, prior to the acquisition of Family Dollar, he served as president and COO for the Dollar Tree banner.
Philbin began his career with Dollar Tree in 2001 as SVP stores.
Mac Naughton has more than 30 years of leadership experience in the food, grocery, mass merchant and specialty retail industries. He most recently served as CEO Mills Fleet Farm. And he has held numerous leadership roles at Wal-Mart Stores, including chief merchandising and marketing officer of Wal-Mart U.S. from 2011 to 2014, EVP consumables health and wellness and Walmart.com from 2010 to 2011, and chief merchandising officer of Wal-Mart Canada from 2009 to 2010.
From 2006 to 2009, he served as EVP merchandising and marketing for Supervalu, including serving as the head of the health and wellness division.
Fred’s Pharmacy’s sales drop in December
MEMPHIS, Tenn. — Fred’s Pharmacy reported total sales for the five-week fiscal month of December ended Dec. 31 decreased 3.9% year over year to $222.9 million. Comparable store sales for the month declined 3.4%, compared with an increase of 2.4% in the prior year period.
Fred’s Pharmacy’s total sales for the year-to-date period decreased 0.8% to $1.978 billion versus $1.994 billion for the same period last year. On a comparable store basis, year-to-date sales declined 2.0% versus an increase of 1.5% for the year-earlier period.
"Our pharmacy department saw a 2% increase in comparable prescription growth in the current month, when adjusted for 90 days' scripts,” said CEO Michael Bloom. “The company also reported positive comparable sales in health and beauty along with key holiday categories, which posted strong year-over-year growth. However, this wasn't enough to completely overcome headwinds related to the impact of reduced SNAP benefits, competitive promotional activity and unusually warm weather, which had a negative influence on seasonal categories. Looking more broadly at our business, we believe the key marketing and merchandising initiatives we have implemented will drive future sales, traffic and profits, and represent a solid strategic response to the near-term challenges we are currently experiencing. Between the launch of Category Management University, our robust analytics tools that allow us to better track consumer behavior, and numerous other strategies aimed at increasing sales, we remain confident in Fred's long-term prospects."
Fred's Pharmacy and subsidiaries currently operate 647 discount general merchandise stores and three specialty pharmacy-only locations in 15 states in the southeastern United States. Included in the store count are 18 franchised locations. Also, there are 370 full service pharmacy departments located within Fred's stores, including four franchised locations. Fred’s also plans to acquire 865 divested stores from Rite Aid, should the Walgreens-Rite Aid merger be approved by the U.S. Federal Trade Commission.