SUPPLY CHAIN

Report: Nordstrom expands Pinterest tie-in

BY Staff Writer

New York – Nordstrom is expanding a trial of marking select items in its stores that receive the most pins on Pinterest with small “P” logos. As reported by BusinessWeek, Nordstrom is taking the pilot from two to 13 locations. The trail will end just before the company’s signature anniversary sale later this month.

Nordstrom gives store associates access to an online dashboard that notifies which items the store has in stock are most pinned in their geographic area. The department store retailer has 4.5 million followers on the Pinterest social network. By comparison, Macy’s has 47,000 Pinterest followers, followed by Barneys (44,000), and Kolh’s (20,500), according to the report.

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OPERATIONS

Target names Salazar to board of directors

BY Staff Writer

Minneapolis – Target has named former U.S. Senator and Secretary of the Interior Ken Salazar to its board of directors.

Salazar, 58, was a US Senator from Colorado from 2005 to 2009. He was named Secretary of the Interior in January 2009 and stepped down in April 2013. Last month, he became a partner for the international law firm WilmerHale. Salazar is the 12th member of Target’s board.

Mary Dillon resigned from the board of directors of Target last month after she was named CEO of Ulta Salon, Cosmetics & Fragrance Inc.

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FINANCE

Rite Aid monthly same-store sales improve

BY Staff Writer

Camp Hill, Pa. – Rite Aid reported a slight boost in monthly same-store sales but a decreased in year-to-date same-store sales. For the four weeks ended June 29, 2013, same-store sales increased 0.7% from the prior-year period. June front-end same store sales increased 0.4%, while pharmacy same store sales increased 0.9% despite the negative impact of generics.

Total drugstore sales for the four-week period increased 0.2% to almost $1.93 billion. Prescription sales accounted for 67.4% of drugstore sales and third-party prescription sales represented 97% of pharmacy sales.

In addition, same-store sales for the 17-week period ended June 29, 2013 decreased 1.7% from the prior-year period. Front-end same-store sales increased 0.4% while pharmacy same-store sales decreased 2.7%.

Total drugstore sales for the 17 weeks ended June 29, 2013 decreased 2.1% with sales of $8.19 billion compared to $8.36 billion for the same period last year. Prescription sales represented 67.5% of total drugstore sales and third-party prescription sales represented 97% of pharmacy sales.

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