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Rubel Takes CEO Spot at Payless ShoeSource

BY CSA STAFF

Topeka, Kan., Payless ShoeSource officially elected Matthew Rubel to CEO and president, effective today. Rubel was also elected to the board of directors. As part of a previously announced plan to name a non-executive chairman of the board, Howard Fricke has been elected chairman. Previously, the titles of chairman and CEO belonged to Steven Douglass, who resigned.

Rubel previously was chairman and CEO of Cole Haan, a subsidiary of Nike Inc.

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Hundreds of Walgreens Pharmacists Return to Work

BY CSA STAFF

Deerfield, Ill., Hundreds of striking Walgreens pharmacists have returned to work in Chicago-area stores. The actual number of pharmacists that have returned to work varies between reports from Walgreens and the National Pharmacists Association union. According to Walgreens, 409 pharmacists or about 36% have returned to work. The union, however, reports 300 pharmacists or about 25% have returned.

The strike, organized by the union, has entered its second week and was called to address staffing shortages and working conditions. Walgreens reported the return of pharmacists has allowed 64 pharmacies to return to their normal hours, including 25 pharmacies that are open 24 hours.

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Kohl’s Effects Turnaround With New Brands

BY CSA STAFF

Menomonee Falls, Wis., Ayear-long climb on Wall Street, which culminated in a 14.4 % jump in June sales, is due, say analysts, to a host of new clothing lines that have helped drive store traffic and boost sales at Kohl’s.

After 2003-2004 struggles with stagnant fashion sales and excess inventories, Kohl’s made a big investment in brands and rolled out an exclusive string of new apparel names that were more fashion-forward and more popular with shoppers.

Next up for Kohl’s is an expansion of the jewelry and home offerings, as well as a deal to sell clothing under the skateboarder Tony Hawk’s Quicksilver brand and Candie’s brand.

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