REAL ESTATE

Report: CVS/pharmacy looks to re-enter Toledo market

BY Antoinette Alexander

Woonsocket, R.I. — CVS Caremark is reportedly planning to re-enter the metro Toledo, Ohio, market by snapping up parcels of property, according to a local news report. The Blade is reporting that the pharmacy retailer bought land on Monroe Street near Douglas Road, where it plans to open its first drug store since exiting the market in 2001.

Citing Lucas County real estate records, the newspaper reports that the company bought eight parcels of property totaling 1.5 acres. The total price for the property was $2.2 million.

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News

Staples Canada launches multichannel back-to-school centers

BY Katherine Boccaccio

Toronto — Staples Canada has rolled out back-to-school shopping centers in both its stores and online, using both offline and online venues to promote BTS trends, technology and supplies to Canadian school children and their parents.

"We’re ready to celebrate the back-to-school season with our customers," said Steve Matyas, president of Staples Canada. To put together the program, Staples Canada associates spent the past 12 months collaborating with specialists in education, major brands and other partners to develop a comprehensive collection of back-to-school products – and has made the collection available in-store and at staples.ca.

In addition, based on its research, Staples Canada developed a new website featuring tools, tips, sample lists for every grade, and information on a wide assortment of back-to-school products. The information can be found at Staples.ca/backtoschool.

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FINANCE

The Pantry profit plummets in Q3

BY Staff Writer

Cary, N.C. — C-store operator The Pantry reported that net income for the quarter ended June 27 dropped to $5.9 million from $14.8 million in the year-ago period.

Same-store merchandise revenue edged up 1.3%.

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