Rite Aid Corp. names a new executive
Ken Martindale, one of the key architects behind Rite Aid's recent growth, has been promoted to CEO Rite Aid Stores.
The move will enable John Standley, Rite Aid chairman and CEO, to focus on expanding the role Rite Aid plays in healthcare delivery with its EnvisionRx, RediClinic and Health Dialog divisions.
Martindale, 55, will continue to report to Standley and will retain his role as president of Rite Aid.
"Ken is a proven leader who, since joining our company in 2008, has played an instrumental role in driving Rite Aid's improved business performance," Standley said. "We look forward to further leveraging Ken's strong leadership skills and broad understanding of Rite Aid's business to help us continue our momentum and successfully grow our business."
Frank Sheehy, the CEO of EnvisionRx and Web Golinkin, the CEO of RediClinic and Health Dialog, will report to Standley.
In order to help Rite Aid further drive growth and efficiencies, the company has also announced the following executive management appointments, reporting to Martindale:
JCP in omnichannel overdrive with Target, Home Depot hires
J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.
The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.
"Mr. Amend and Mr. Robbins are two exceptional industry veterans who have a successful track record of creating enterprise inventory networks that enable brick-and-mortar and e-commerce to merge into one seamless shopping experience," said Marvin Ellison, CEO of J.C. Penney. "Their backgrounds perfectly align with our long-term growth plan to become a world-class omnichannel retailer."
Amend will report directly to Ellisson. Under his leadership at Home Depot, J.C. Penney said Amend was credited for leading the development of several groundbreaking omnichannel initiatives, which resulted in Home Depot being recently recognized as the Internet Retailer of the Year for 2014 by Internet Retailer. Amend was the executive sponsor responsible for rolling out buy online pick-up in store; buy online, ship to store; and buy online, deliver from store. Amend also led the company's efforts to develop best in class mobile experiences, according to J.C. Penney. Prior to Home Depot, Amend was chief technology officer for global online at Dell and deputy chief technology officer for BEA Systems.
Robbins spent the past 13 years at in positions of increasing responsibility with the retailer’s distribution network. Prior to Target, Robbins held positions in marketing and supply chain for AutoZone and Procter & Gamble. Robbins will report to Ken Mangone, executive vice president of product development, design and sourcing. Robbins replaces Marie Lacertosa, senior vice president of supply chain, who will be retiring from the company after more than 30 years.
No stopping Publix Super Markets
Lakeland, Fla. — Publix Super Markets is racking up another record year even as other grocers, including Whole Foods Market, are struggling under the weight of new competition.
Publix reports that sales for the second quarter were $8 billion, a 6% increase from last year’s $7.5 billion. Same store sales for the second quarter increased 4.1%.
Net earnings were $482.7 million, compared to $404.1 million in 2014, an increase of 19.5%.
“I’m very pleased that our Publix associates delivered excellent results,” said Publix CEO Ed Crenshaw. “Unfortunately, these results were not enough to offset challenges in the stock market.”
Effective Aug. 1, Publix’s stock price decreased from $42.10 per share to $42.00 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.
Publix in recent years has focused on hybrid stores that combine some upscale offerings with a traditional grocery market, a move that's succeeding in taking market share from every end of the grocery spectrum from Walmart to Whole Foods.
Publix’s sales for the first half of 2015 were $16.3 billion, a 6.4% increase from last year’s $15.3 billion. Same-store sales for the first half of 2015 increased 4.7%.
Net earnings for the first half of 2015 were $1 billion, compared to $897.8 million in 2014, an increase of 14.9%. Earnings per share increased to $1.33 for the first half of 2015, up from $1.15 per share in 2014.
Publix operates 1,103 stores in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina.