FINANCE

SmartBargains Names New CEO and President

BY CSA STAFF

Boston, Off-price e-retailer SmartBargains named Benjamin Fischman as president and CEO. Fischman previously headed the company’s marketing and sales efforts. Prior to joining SmartBargains, he founded Lids Inc., a specialty hatwear retailer.

SmartBargains also announced that it has received a commitment for $18 million in equity funding from its investors, including Highland Capital Partners, Maveron, General Catalyst, Gordon Bros. and Time Warner.

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E.Ako says:
Mar-24-2013 07:13 am

Maybe this CEO could be a way
Maybe this CEO could be a way of change in the company. It can help the company's profit problem. There are new policies but maybe it could help, there is no harm in trying. - Rich Von Alvensleben

E.Ako says:
Mar-24-2013 07:13 am

Maybe this CEO could be a way of change in the company. It can help the company's profit problem. There are new policies but maybe it could help, there is no harm in trying. - Rich Von Alvensleben

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MARKETING/SOCIAL MEDIA

Walgreens Expands Services With Joint Venture

BY CSA STAFF

Deerfield, Ill., Walgreen Co. has formed a joint venture with pharmaceutical services firm Senior Healthcare Partners LLC (known to its customers as SeniorMed Pharmacy) to provide prescription services to assisted-living and other senior communities. Under the agreement, the two companies will form a new business, called SeniorMed, to be led by Stephen Axelrod, who is CEO of Senior Healthcare Partners.

“The new joint venture allows both of us to expand into the fast-growing senior assisted-living pharmacy market,” said Greg Wasson, president, Walgreens Health Services, a division of Walgreen Co.

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News

BJ’s Hires Senior VP

BY CSA STAFF

Natick, Mass., BJ’s Wholesale Club, Inc. named Richard Wilson senior VP of general merchandise. He will be responsible for general merchandise category mix including domestics, electronics, giftware, seasonal merchandise, furniture, books, toys and sporting goods. He succeeds Edward Beevers, who will continue as a consultant to BJ’s until he leaves the company at the end of the year. Wilson joined BJ’s Wholesale Club as VP, divisional merchandise manager, in May 2005 from Federated Department Stores’ Macy’s division, where he was senior VP for tabletop, luggage and Macy’s Home Store.

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