-
Rite Aid renews agreement with e-source provider Intesource
Phoenix -- Rite Aid has renewed its sourcing partnership with Intesource, an e-sourcing provider in the retail, drugstore, grocery and restaurant industries.
Rite Aid has leveraged Intesource's e-sourcing technology since 2009. The partnership helped the chain secure significant savings on both direct and indirect categories -- including snow plowing services -- and drove efficiencies across the entire supply chain.
-
Penney names Saks CEO Stephen Sadove to board
Plano, Texas -- J.C. Penney Co. announced that departing Saks Inc. CEO and chairman Stephen Sadove has been elected to its board of directors.
Sadove's election is effective upon his leaving Saks, which will occur once the acquisition of the upscale department store by Hudson's Bay Company is completed, which is expected by the end of the year.
Sadove is a highly regarded industry veteran. He is the current chairman of the National Retail Federation.