FINANCE

Panera Bread names CFO

BY Staff Writer

St. Louis — Panera Bread Company announced that Roger C. Matthews, Jr., has been appointed Panera’s EVP and CFO, effective March 18.

Matthews most recently served as managing director and sector head of the U.S. Restaurant Industry in Goldman Sachs’ Investment Banking Division.

Pat Kelly, who has served as Panera’s Interim CFO since April 2012, will remain in place until the end of March to ensure a smooth transition.

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Aeropostale president to retire in March

BY CSA STAFF

NEW YORK— Michael Cunningham, Aeropostale president, is retiring effective March 29, the company announced Tuesday.

Michael joined Aeropostale in August 2000 when the company had 200 Aeropostale stores in 27 states. Today, the company operates nearly 1,000 Aeropostale stores in the United States and Canada, 100 P.S. from Aeropostale stores in the United States, has a licensing presence in the Middle East, Asia and Europe, and operates a robust e-commerce platform that includes the recent acquisition of GoJane.com.

Thomas Johnson, CEO of Aeropostale said, "Over the past 12 years, Michael has been an incredible partner and friend, and a highly respected leader within our organization. He truly embodies the core values that make Aeropostale such a special organization. Michael has been a key contributor to the evolution of our business as a multi-brand and multi-national specialty retailer. In particular, he has been instrumental in building Aeropostale’s best in class financial and business operations. While we will miss our daily interactions with Michael, we are pleased that he will remain on the Board of Directors and we look forward to his continued, invaluable input into our business."

Michael Cunningham commented, "For more than a decade, it has been both gratifying and rewarding to be a part of the team that helped Aeropostale grow into one of the most highly recognized and productive teen apparel retailers. Most importantly, I am proud to be associated with such a talented group of executives and employees, who make the Aeropostale culture so unique. I am confident that the transition of my responsibilities will be seamless with the current leadership team, and I look forward to watching the company’s future success."

Johnson will assume responsibilities over information technology, Marc D. Miller, EVP and CFO, will assume responsibilities over planning and allocation and Mary Jo Pile, EVP customer engagement will assume responsibilities over construction, logistics and real estate.

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FINANCE

Walgreens January same-store sales up 6.3%

BY Michael Johnsen

Deerfield, Ill. — Walgreens Tuesday morning reported January sales of $6.2 billion, an increase of 6.3% as compared to the same month in fiscal 2012.

Prescriptions filled at comparable stores increased by 13.6% in January and increased 11.6% on a day-fall adjusted basis. This year’s January had one additional Wednesday and Thursday and one fewer Sunday and Monday compared with January 2012, positively impacting prescriptions filled in comparable stores by 2 percentage points.

Walgreens reported that the percentage of Express Scripts customers filling prescriptions in its pharmacies continued to increase in January.

January pharmacy sales increased by 8.7%, while comparable store pharmacy sales increased 6.2% and by a day-fall adjusted 4.2%. DFA comparable store pharmacy sales were negatively impacted by 6 points due to generic drug introductions in the last 12 months.

Pharmacy sales accounted for 65% of total sales for the month.

Flu shots administered at pharmacies and clinics season-to-date were nearly 6.9 million versus approximately 5.5 million last year.

Total front-end sales increased 1.3% compared with the same month in fiscal 2012, while comparable store front-end sales decreased 0.4%. Customer traffic in comparable stores decreased 2.8% while basket size increased 2.4%.

Sales in comparable stores increased by 3.7% in January. Calendar day shifts positively impacted total comparable sales by 1.3 percentage points, while generic drug introductions in the last 12 months negatively impacted total comparable sales by 3.9 percentage points.

Registrations for Walgreens Balance Rewards loyalty program, which launched in September, totaled nearly 55 million through January.

Walgreens opened nine stores during January, including two relocations, acquired two stores and closed two.

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