FINANCE

Walgreens sales fall 2.1% in October

BY Staff Writer

Deerfield, Ill. — Walgreens on Monday reported October sales of $6 billion, down 2.1% compared with October 2011. The results include the brunt of the impact from Hurricane Sandy — at the peak of the storm, approximately 750 of 1,400 stores in the impacted area were closed, Walgreens said. Nearly all of those locations have since reopened.

Total same-store sales were down 5.9%.

The chain also announced that its new Balance Rewards loyalty program, which has been available for only six weeks, has signed more than 28 million customers through Oct. 31.

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OPERATIONS

Jones Group appoints COO

BY Staff Writer

New York — The Jones Group Inc. announced the promotion of Cynthia DiPietrantonio to COO, effective immediately.

In this expanded role, DiPietrantonio will oversee production in The Jones Group’s overseas facilities, including its production offices in China and Hong Kong, in addition to her current responsibilities overseeing the day-to-day operations of the company. DiPietrantonio, the senior-most operations executive, has been with The Jones Group in several capacities over the past 30 years.

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FINANCE

Virtual Piggy’s digital distribution channel adds Barnes & Noble, Sephora

BY Staff Writer

Hermosa Beach, Calif. — Virtual Piggy announced that it has expanded its digital distribution channel with the addition of Barnes & Noble and Sephora to its online store.

Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering U21s to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by their parents.

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