A&P CFO Resigns
Montvale, N.J., Great Atlantic & Pacific Tea Co., which operates A&P Groceries, announced that CFO Mitchell P. Goldstein stepped down today. He will be replaced by corporate controller Brenda Galgano.
Goldstein is said by A&P to be leaving to pursue other opportunities.
A&P has been struggling for the last year, but just last month posted a quarterly profit.
Hurricane Wilma Hits Macy’s at the Holidays
Miami, According to a report in the Miami Herald, three Macy’s stores in South Florida will probably remain closed until after Christmas. The stores sustained damage from Hurricane Wilma last month. The damaged stores, owned by Cincinnati-based Federated Department Stores, are located in Fashion Mall in Plantation, Galleria Mall in Fort Lauderdale and The Falls in South Miami-Dade County.
Long- and short-term store closings in Florida last month accounted for a 1.7% decline in Federated’s same-store sales in October and a 0.5% decline in the third quarter, the company said.
Walgreens Buys Schraft’s
Deerfield, Ill., Walgreens Specialty Pharmacy has finalized the purchase of Schraft’s A Specialty Pharmacy LLC. Schraft’s, a family-owned pharmacy headquartered in Livingston, N.J., is a provider of advanced fertility medications and services. The business will operate under its current name. Walgreens Specialty Pharmacy is a business unit of Walgreen Co.