FINANCE

CVS settles federal claims in Oklahoma for $11 million

BY Katherine Boccaccio

Oklahoma City — CVS Caremark Corp. will pay $11 million to settle federal claims that the company’s pharmacies in the state violated record-keeping requirements of the Controlled Substances Act.

Federal prosecutor Sanford Coats said Wednesday that CVS has agreed to the settlement to resolve all allegations. However, while CVS said that its stores must comply with the record-keeping requirements, it does not admit liability.

The allegations against CVS were that some of its stores created false Drug Enforcement Administration registration numbers that were sometimes provided to state prescription drug monitoring programs.

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OPERATIONS

Bebe names chief merchant

BY Katherine Boccaccio

Los Angeles – Bebe stores announced Wednesday it has named Katrina Glusac as chief merchandising officer, effective immediately.

In her new role, Glusac will lead the merchandising, visual merchandising and planning & allocations teams in defining and building the brand’s merchandising offerings across all categories.

Most recently, Glusac served as chief merchant and VP merchandising at ShoeDazzle.com. Prior to that, she was divisional VP and general merchandising manager of Guess.

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News

Avenue selects Demandware to support omni-channel growth

BY Katherine Boccaccio

Burlington, Mass. — Demandware said Wednesday that Avenue Stores has selected the Demandware Commerce platform to support its omni-channel vision.

Avenue Stores signed with Demandware in first quarter 2013.

Avenue needed a scalable and comprehensive digital commerce platform to realize its omni-channel vision, and will also utilize Demandware’s web design capabilities to optimize its sites for mobile and tablet commerce, as well as explore opportunities to integrate digital into its brick-and-mortar stores.

“Digital commerce is an increasingly strategic growth vehicle for Avenue Stores and we believe Demandware’s cloud platform will enable us to effectively execute our omni-channel vision. Demandware’s robust applications will also provide us with more control over our marketing and merchandising activities to enable us to change the branded experience as quickly as consumer expectations evolve,” said Julie Daly, president, Avenue Direct.

Avenue Stores is working with Demandware LINK Solution Partner, Astound Commerce, for site development and system integration.

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