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Safeway Announces Management Changes

BY CSA STAFF

Pleasanton, Calif. Safeway Inc. announced that Des Hague, president of perishables, has decided to leave Safeway to pursue other business opportunities.

Kelly Griffith, who most recently served president of the company’s Portland division, will succeed him.

The company also announced two additional retail management changes. Steve Frisby, currently president of Safeway’s Texas division, will replace Kelly Griffith as Portland division president. Frisby started with Safeway in 1972 as a clerk in the company’s former Little Rock division.

Tom Schwilke, currently Group VP, produce and floral, will be promoted to division president in Texas. Schwilke began his career in 1982 in the company’s Seattle division, where he advanced through a range of retail management positions.

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Charming Shoppes: Directors should be re-elected

BY CSA STAFF

BENSALEM, Pa. Charming Shoppes announced that it has mailed proxy materials to its shareholders calling for the re-election of its chairman, president and ceo, Dorrit Bern, Alan Rosskamm and Jeannine Strandjord.

Charming Shoppes’ annual meeting of shareholders will take place on Thursday, May 8.

 

Charming Shoppes also urged shareholders to reject the three individuals nominated by a dissident shareholder group led by the Crescendo Partners and Myca Partners hedge funds in opposition to Charming Shoppes’ incumbent directors.

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Rite Aid March comps up 2.6%

BY CSA STAFF

CAMP HILL, Pa. Rite Aid reported that total drug store sales for the four weeks ended March 29 increased 50.7% to $2.04 billion as compared to $1.3 billion for the same period last year. Prescription revenue accounted for 67.6% of drug store sales, and third party prescription revenue represented 96.2% of pharmacy sales.

Same-store sales for the month of March increased 2.6 % over the prior-year period. Pharmacy same-store sales increased 1%, which included an approximate 493 basis points negative impact from new generic introductions. Front-end same-store sales were up 5.7%. March same-store sales were positively affected by a shift to a March Easter this year from an April Easter last year, the company reported.

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