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Goody’s Family Clothing Announces Buyout

BY CSA STAFF

Knoxville, Tenn., Goody’s Family Clothing has reached a definitive agreement to be acquired by an affiliate of private-investment firm Sun Capital Partners Inc. in a deal worth nearly $273 million. Chairman and CEO Robert M. Goodfriend and his family, who together own 42% of Goody’s shares, previously agreed to the Sun Capital terms. Goodfriend, son of the company’s founder, will leave the chain.

Goody’s operates 368 moderately-priced clothing stores in 20 states in the South and Midwest.

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Rite Aid Appoints COO

BY CSA STAFF

Camp Hill, Pa., James Mastrian has been tapped to be Rite Aid’s new chief operating officer, the company announced earlier today.

Mastrian had been the pharmacy chain’s executive VP of marketing, logistics and pharmacy services since November 2002.

Rite Aid hasn’t had a COO since Mary Sammons vacated that position in 2003 to become president and CEO.

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Rite Aid Appoints COO

BY CSA STAFF

Camp Hill, Pa., James Mastrian has been tapped to be Rite Aid’s new chief operating officer, the company announced earlier today.

Mastrian had been the pharmacy chain’s executive VP of marketing, logistics and pharmacy services since November 2002.

Rite Aid hasn’t had a COO since Mary Sammons vacated that position in 2003 to become president and CEO.

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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