OPERATIONS

Longs Drug Names COO

BY CSA STAFF

Walnut Creek, Calif. Longs Drug Stores announced late Friday that Todd Vasos has been named the company’s new executive VP and COO. The appointment is effective immediately.

Vasos, 46, succeeds Karen Stout, who has left the company, Longs said.

Vasos, previously Longs’ senior VP and chief merchandising officer, will oversee store operations, marketing, merchandising, construction and loss prevention.

In addition, Larry Gatta, 45, group VP of marketing, has been promoted to senior VP and chief merchandising officer.

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Thompson to head Rite Aid Northeast division

BY CSA STAFF

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 companys pharmacy business. He has been integrally involved in planning and implementing Rite Aids 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. 

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Ahold U.S. forges ahead

BY CSA STAFF

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).

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