News

Longs COO Defects to Duane Reade

BY CSA STAFF

Walnut Creek, Calif., Rick Dreiling quit his job at Longs Drug Stores Corp. to accept a CEO position at N.Y.C.-regional pharmacy chain Duane Reade Inc., the companies said.

Longs CEO Warren Bryant will fill in as COO until a permanent replacement is found.

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FINANCE

NRF Raises Holiday Sales Forecast

BY CSA STAFF

Washington, D.C., The National Retail Federation revised its holiday sales forecast upwards, the first time it has ever done so during the holiday season.

The NRF projected retail sales growth of 6% to $439.53 billion during the holiday season, up from the 5% growth it forecast on Sept. 21.

“Recent consumer spending has surpassed our expectations and we expect this momentum to continue through the holiday season,” NRF president and CEO Tracy Mullin said in a statement.

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OPERATIONS

NRF Raises Holiday Sales Forecast

BY CSA STAFF

Washington, D.C., The National Retail Federation revised its holiday sales forecast upwards, the first time it has ever done so during the holiday season.

The NRF projected retail sales growth of 6% to $439.53 billion during the holiday season, up from the 5% growth it forecast on Sept. 21.

“Recent consumer spending has surpassed our expectations and we expect this momentum to continue through the holiday season,” NRF president and CEO Tracy Mullin said in a statement.

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