Report: Delia’s is on auction block
New York City — A Thursday report by the New York Times said that teen retailer Delia’s has put itself up for sale.
According to the report, the company has been soliciting interest from buyers including private equity firms. Delia’s has not confirmed the report, and it is currently unknown what, if any, other options the retailer is considering.
Delia’s has about 115 mall-based stores in 33 states. Revenue for the third quarter ended Oct. 30, 2010, was $61 million. It lost $22 million through the first nine months of the 2010 fiscal year, more than double its loss for the same period a year before.
New York boutique investment bank Financo is advising Delia’s, according to the Times.
Hal Rosenbluth to exit Walgreens
DEERFIELD, Ill. — Walgreens on Friday announced that Hal Rosenbluth will retire as president of its health-and-wellness division in April, but will continue with the company as a senior consultant to the CEO for healthcare services.
Rosenbluth was a co-founder of Take Care Health Systems, which was acquired by Walgreens in 2007. Prior to that, he led Rosenbluth International, a global travel management company, which he sold to American Express in 2003.
“Hal’s entrepreneurial spirit was instrumental to Walgreens as we expanded our pharmacy, health and wellness services through our Take Care retail clinics and worksite health centers,” stated Walgreens president and CEO Greg Wasson. “He helped these businesses become key components of Walgreens broad set of health-and-wellness offerings. Under Hal’s leadership we have successfully restructured our sales and client services organization and have added to our clinical capabilities,” he said.
“As patients increasingly become shoppers of health care, continuing to grow our services through our Take Care retail clinics and worksite health centers headquartered in Conshohocken, Pa., is central to executing our strategy of improving access and convenience in meeting the everyday needs of our patients and customers,” Wasson added.
As part of Walgreens community based health solutions, the Take Care retail clinics and worksite health centers, led by Peter Hotz, will now report into Mark Wagner, president of the company’s community management division. The sales and client services organization, led by chief client officer Joe Terrion, and clinical services, led by chief medical officer Cheryl Pegus, will become part of the Walgreens pharmacy, health-and-wellness services and solutions division, under Kermit Crawford, president of the division.
Kroger promotes two finance executives
CINCINNATI — Kroger has announced the appointment of Cindy Holmes to director of investor relations and Carin Fike to director and assistant treasurer. Both changes will be effective March 6.
Fike will report to Kroger’s treasurer, Scott Henderson; Holmes will report to Kroger’s CFO, Michael Schlotman.
Holmes, 42, began her career with Kroger in 1990 in the information systems and services department, and for the past 10 years, she has served as the company’s assistant treasurer.
Fike, 42, began her career with Kroger in 1999, and has served as the company’s director of investor relations since 2003. She was recently named the best investor relations officer in the grocery and retail drug industry by both the buy side and sell side in the 2010 Institutional Investor magazine rankings.