Walgreen’s July sales rise but miss expectations
Deerfield, Ill. Walgreen Co. said Wednesday its revenue grew in July, but results fell short of Wall Street estimates. The chain’s total sales were boosted by the acquisition in April of the Duane Reade chain.
Walgreen’s same-store sales rose 0.4%, while total sales grew 6.2% to $5.58 billion in July. Almost half that growth came from the Duane Reade purchase. Total pharmacy revenue rose 4.3%, and front-end sales rose 9.4%.
Walgreen opened 11 stores and closed eight in July. At the end of the month it ran 7,545 drug stores nationwide. Including the Duane Reade locations it has acquired 602 stores over the last year.
July is the second month of the company’s fiscal fourth quarter, which ends in August.
Walgreen said Tuesday that it will offer flu shot gift cards at its stores. The gift cards cost $29.99 and can be filled at Walgreen pharmacies or Take Care retail clinics once they receive the vaccine.
Safeway names SVP government affairs
PLEASANTON, Calif. Safeway announced that it has appointed 16-year veteran Jonathan Mayes to SVP government relations, public affairs, corporate social responsibility and philanthropy.
“Jonathan is an exceptional leader and has successfully represented the company and its stakeholders in his role as our key Government Affairs person,” said Larree Renda, EVP, chief strategist and administrative officer. “Certainly he will bring the same level of excellence and commitment to these other functions that interact on a daily basis with our customers and communities.”
Mayes joined Safeway in 1994 as a senior attorney focused on employment law, business litigation, and consumer protection matters. In 1996, he joined the company’s government relations team as a director and was promoted to VP of that function in 1999. In 2008, Mayes was named group VP government relations in charge of the team of professionals that focus on local, state and federal government matters in the geographies in which Safeway operates in the United States and Canada.
Before joining Safeway, Mayes was senior corporate counsel for Lucky Stores, and an attorney at Donahue Gallagher Woods LLP.
Diddy goes green for M&M’s
HACKETTSTOWN, N.J. Mars Chocolate North America announced that Ms. Green is officially America’s favorite M&M’S character, and Sean “Diddy” Combs will produce a special M&M’s Green party in her honor.
Diddy will plan the party for “Party Like Diddy” Sweepstakes winner B.C. Ashmall-Liversidge and 20 of her friends. The party will take place in New York City this summer.