OPERATIONS

Walgreens names exec additions to pharmacy, health and wellness division

BY Staff Writer

Deerfield, Ill. — Walgreen Co. said Tuesday it has added two executives to its pharmacy, health and wellness division.

Dr. Jeffrey Kang will join the company on Oct. 31 as senior VP health and wellness services and solutions.

In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion.

Most recently, Kang was chief medical officer at CIGNA. Ellis has served as senior VP specialty trade relations and contracting and pharmaceutical services for CVS Caremark.

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News

Walmart makes Facebook marketing move

BY CSA STAFF

BENTONVILLE, Ark. – Increased localization of shopper marketing efforts at Walmart is now possible via Facebook following the retailer’s announcement that it would create approximately 3,500 store-specific Facebook pages to serve its nearly 9.5 million fans.

Walmart chief marketing officer Stephen Quinn said the move was an example of the company’s ongoing effort to engage with and listen to customers who desired a more localized experience on Facebook.

“Our innovative approach with Facebook allows us to bridge the gap between local and social, giving millions of customers the personalized shopping experience they expect from Walmart,” Quinn said.

More specifically, Walmart will use Facebook to communicate information about the availability of new products, rollbacks and in-store events, which can vary from store to store.

According to the company, the “My Local Walmart” Facebook application will provide locally-relevant information on everything from new electronics to hot Rollbacks, store maps and continue to illustrate the brand’s commitment to creating a deeper relationship with people in the communities it serves.

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FINANCE

99 Cents Only in $1.6 billion buyout

BY Katherine Boccaccio

Commerce, Calif. — Discounter 99 Cents Only Stores said Tuesday it has agreed to be acquired by a group of investors including its founding family, Ares Management and Canadian Pension Plan Investment Board for $1.6 billion in cash.

The announcement ends a months-long sales process, which started with a takeover offer from Leonard Green & Partners in March.

The Gold/Schiffer family, which founded the company almost 30 years ago, will roll over its 33% stake into the newly private company. The family members and other existing management will stay on to run the company, which operates 298 stores.

“We have come to know and respect Ares Management and C.P.P.I.B. through this process, and we believe they will be excellent partners and help us achieve our long-term goals as a company,” Eric Schiffer, CEO, 99 Cents, said in a statement.

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Mar-01-2013 05:16 am

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K.Softeners says:
Mar-01-2013 05:16 am

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