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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FINANCE

New Merchandising Sets at Pathmark

BY CSA STAFF

Carteret, N.J., Pathmark will spend $12.2 million to re-merchandise all 142 of its stores by yearend. The chain is looking to reduce clutter, expand the selection of perishable items and make better use of key display areas. The supermarket chain posted a loss of $5.1 million on sales of $1 billion during the second quarter ended July 30. Overall sales decreased by 1.1% and same-store sales fell by 2% compared to the same period a year ago.

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News

New Merchandising Sets at Pathmark

BY CSA STAFF

Carteret, N.J., Pathmark will spend $12.2 million to re-merchandise all 142 of its stores by yearend. The chain is looking to reduce clutter, expand the selection of perishable items and make better use of key display areas. The supermarket chain posted a loss of $5.1 million on sales of $1 billion during the second quarter ended July 30. Overall sales decreased by 1.1% and same-store sales fell by 2% compared to the same period a year ago.

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