Kmart Introduces $1 OTC
Hoffman Estates, Ill. Kmart announced Monday that it has launched a new over-the-counter (OTC) drug program that offers customers select own-brand drugs for $1.
The American Fare Dollar Program offers 10 OTC medications from Kmart’s proprietary American Fare brand for $1 with every prescription purchase, said the company.
Most-used OTC medications in the program include aspirin, ibuprofen, children’s pain reliever, baby aspirin, nasal decongestant, cough suppressant, anti-diarrhea medication and cold & allergy tablets.
The program launched at Kmart pharmacies in Florida and will be available at all Kmart pharmacies in April.
Thompson to head Rite Aid Northeast division
CAMP HILL, Pa. Rite Aid has promoted Robert Thompson to senior vp of the Northeast division, in charge of more than 1,000 stores. Thompson was previously serving as vp of pharmacy business development.
Thompson will report to Brian Fiala, evp of store operations.
Thompson, joined Rite Aid in 2004 as vp of pharmacy business development, charged with developing and implementing strategic initiatives to grow the company’s pharmacy business. He has been integrally involved in planning and implementing Rite Aid’s integration of the recently purchased Brooks and Eckerd drug store chains.
“We are fortunate to have Robert in this new position because he brings a breadth of experience to the job with his background in pharmacy, store operations and new business development,” Fiala said. “His recent experience integrating our newly acquired stores will be particularly valuable since so many of them are located in the Northeast.”
Ahold U.S. forges ahead
AMSTERDAM, The Netherlands Ahold Thursday noted its efforts in the United States, pointing out that it had rolled out 70% of its VIP program at Stop & Shop and Giant-Landover. The company also noted that in 2008 it will focus on the completion of the VIP program and the remodeling of its Giant-Landover stores.
Ahold reported that fourth quarter net sales for its Stop & Shop/Giant-Landover segment were $3.9 billion, up 2% from the same period last year. Identical-store sales (excluding fuel) were up 1.2% and down 0.5% at Giant-Landover. For the full year, net sales were $16.7 billion, up 1.5% compared to last year. Identical sales (excluding fuel) were up 0.6% at Stop & Shop and down 1.1% at Giant-Landover. Operating income was $663 million – or 4% of net sales – down $176 million compared to last year.
For its Giant-Carlisle segment, Ahold reported fourth quarter net sales of 1 billion, up 8.6% compared to last year, due in part to the acquisition of Clemens Markets in the fourth quarter of 2006. Identical sales were up 3.8% (excluding fuel). For the full year, net sales were $4.3 billion, up 13% compared to last year, due in part to the acquisition of Clemens Markets in the fourth quarter of 2006. Identical sales were up 3.2% (excluding fuel).