Family Dollar to settle with New York store managers for $14 million
Matthews, N.C. — Family Dollar Stores said Wednesday it plans to settle a class-action matter with more than 1,700 New York store managers who filed suit on claims of unpaid overtime wages.
The preliminary settlement provides for a maximum payment of $14 million by Family Dollar. Settlement terms are pending court approval, and the discounter plans to record a fourth quarter charge to cover the costs.
Rite Aid launches nationwide health-and-wellness effort
CAMP HILL, Pa. — Rite Aid is launching a six-month, nationwide health-and-wellness campaign to mark its 50 years of operation, the retail pharmacy chain said Wednesday.
RA50, as the new campaign is called, began Wednesday near the company’s headquarters in Camp Hill, Pa., and will move on to the Pennsylvania state capital of Harrisburg Thursday through Saturday. Afterward, it will move on to Baltimore; Philadelphia; Pittsburgh; Scranton, Pa.; Cleveland; Detroit; Portland, Ore.; Los Angeles; Atlanta; Norfolk, Va.; and New York.
"Rite Aid’s motto is ‘With us, it’s personal,’ and for 50 years, our associates have proudly delivered on this promise by meeting the health and wellness needs of our customers and communities," Rite Aid chairman, president and CEO John Standley said. "RA50 embodies our core values and is the perfect way for Rite Aid to thank the many communities across the nation that have helped us grow and to continue our mission of helping those we serve live healthier, happier lives."
The "acts of wellness" will include free screenings, wellness fairs, public education events and what the company called efforts to spread wellness-related messaging in "novel" ways. Events will address community needs, such as diabetes, heart disease, childhood obesity and cold and flu prevention. Participating organizations include Children’s Miracle Network Hospitals, Boys Hope Girls Hope, Boys & Girls Clubs and Marathon Kids, United Way chapters and local school districts, senior centers and other private and public organizations.
Rite Aid’s history began with the opening of the first store in Scranton in 1962, a 1,400-sq.-ft. store then called the Thrif D Discount Center. Rite Aid’s first pharmacy opened in 1966, and the company was named Rite Aid Corp. in 1968. Since then, it has grown to more than 4,600 stores in 31 states and the District of Columbia, employing more than 90,000 people, according to the company.
Market Track: August 2012
The overall drop in number of circulars continued this month, with a six percent decrease in the number of inserts being released to the market among selected retailers.
The overall number of pages per market remained the same with a marginal increase compared to previous year. Walmart had the largest increase in pages per market with a larger focus on “Back to School” with 5 circulars with a prominent “Back to School” theme.
Interestingly, JCPenney increased pages on a year over year basis as well despite the decrease in the number of flyers released per market. This is in contrast to the decrease in promotional activity in July overall.
Despite Walgreens’ increase in page counts, there was less focus on “Back to School” compared to last year–they reduced Back to School flyers from 3 to 2 this year.
Kroger and Target both increased page counts, along with increasing the number of circulars released to market. Target focused more on “Back to School” promotions this year compared to last year.
It’s important to note a number of factors should be considered when examining the number of inserts and pages retailers send into the marketplace. Market Track’s granular level of data reflects regional versioning and market specific differences. This is accomplished through an extensive collections process, including physically obtaining the ads from the various markets in which they are distributed. In the instance that retailers send additional circulars to a limited number of markets, Market Track’s information reflects these nuances through numbers with decimals (for average number of inserts per market) and odd numbers (for average number of pages).
About Market Track:
Market Track is a market intelligence firm dedicated to increasing customers’ returns on their promotional investments. Through innovative technology and marketplace expertise, they monitor and analyze over 200 U.S. and Canadian markets for every channel of trade in order provide retailers and manufacturers with superior tools to monitor promotional activity, support dynamic decision making and turn information into market intelligence. For more information, contact Market Track at 1.800.235.3781 or e-mail [email protected].