OPERATIONS

Report: Sears’ chief marketing office resigned in January

BY Marianne Wilson

New York — Sears Holdings Corp’s chief marketing officer, Monica Woo, left the company earlier this year after only five months on the job, Reuters reported.

According to the report, Woo has joined financial services company Mozido as chief marketing and strategy officer.

Woo resigned from Sears on Jan. 20, the report said. Before joining Sears, she was the chief marketing and strategy officer of online grocer FreshDirect.

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REAL ESTATE

Office Depot to open 13 remodeled stores in Houston market

BY Staff Writer

Boca Raton, Fla. — Office Depot Inc. will open 13 newly remodeled locations in the Houston area on March 28.

The updates stores feature more colorful signage and easy-to-navigate floor plans. The stores were redesigned based on customer feedback and shopping patterns.

Office Depot operates 1,677 stores in 60 countries, 46 of which are located in the Houston area.

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FINANCE

McKesson completes Katz Group Canada acquisition

BY Michael Johnson

San Francisco — McKesson on Monday announced that it has completed the previously announced acquisition of the independent banner and franchise businesses of Katz Group Canada in an all-cash transaction that closed March 25.

McKesson in January agreed to acquire the Canadian company’s banner pharmacy business, Drug Trading, and its franchise pharmacy business, Medicine Shoppe Canada, in a deal worth approximately $926 million. Under the terms of the agreement, McKesson substantially will acquire all of the assets of Drug Trading, the shares of Medicine Shoppe Canada and a joint ownership interest in ProPharm’s pharmacy software application.

Katz’s banner and franchise operations will be integrated into McKesson’s Canadian pharmaceutical distribution and services business, which is part of McKesson’s Distribution Solutions segment.

McKesson Canada currently operates a number of banner groups, including Proxim, Associated Retail Pharmacy and Family Health Care Pharmacy.

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