Duane Reade’s Dreiling to receive Javits award for ALS work
NEW YORK Duane Reade chairman, president and chief executive officer Rick Dreiling will receive the Jacob K. Javits Lifetime Achievement Award at the 13th Annual Lou Gehrig Sports Awards Benefit held here on Wednesday.
Dreiling will receive the award in recognition of his efforts in helping to raise funds and awareness for The ALS Association Greater New York Chapter to support their commitment to finding a cure.
Between April and June, Dreiling and Duane Reade teamed up with the New York Yankees and the New York community to encourage customers to buy $1 paper baseballs at any Duane Reade location. All of the proceeds were donated to the ALSA to enhance patient services and raise money to fund further ALS research.
Each year, the ALSA honors those who have made significant contributions in support of their fight against ALS by presenting them with the Jacob K. Javits Lifetime Achievement Award. Previous recipients have included Leonard and Claire Tow, Alan Griffith, Jeremy Schapp and Michael Goldstein.
“I am honored that The ALSA Greater New York Chapter has chosen me as this year’s recipient of the Jacob K. Javits Lifetime Achievement Award,” stated Dreiling. “One of our dedicated employees whose family has this debilitating disease not only inspired us, but highlighted the need for a call to action to support this noble cause. Duane Reade and I have made it our mission to improve health and wellness for all New Yorkers, and supporting the ALS Association Greater New York Chapter is a significant step in helping us reach our goal. We look forward to continuing to support our employees, the New York community, and the ALS Association in their quest for finding a cure and helping those who are fighting this disease.”
Rite Aid-sponsored walk raises more than $600,000 for diabetes association
PHILADELPHIA More than $600,000 was raised for the American Diabetes Association Saturday as men and women from across the country climbed more than 1,000 stairs and walked 10 miles throughout Philadelphia in the first Step Up to Fight Diabetes fund-raising challenge that was sponsored by Rite Aid. The Step Up event raised mondy for research, education and advocacy efforts of the association.
During Step Up, participants went on a “climbing tour” of Philadelphia beginning at Temple University’s Liacouras Center and ending at the well-known Philadelphia Museum of Art—running up those steps was immortalized by Sylvester Stallone in the film Rocky.
“Diabetes is the fastest-growing disease in America and the incidence of the disease is four percent higher in Philadelphia than the national average,” stated American Diabetes Association chief executive officer Larry Hausner. “Our hope is that Step Up can spread awareness about diabetes and raise money for a cure.”
Other Step Up to Fight Diabetes sponsors included Merck, AstraZeneca and the Temple University Health System Transport Team.
Spartan announces plans for acquired Felpausch stores
GRAND RAPIDS, Mich. Spartan Stores is focusing on integrating its newly acquired Felpausch grocery stores into its network during the second half of its 2008 fiscal year.
Spartan expects the Hastings-based, 20-store Felpausch acquisition in June to add about $85 million in sales during the fiscal year. About $4 million to $5 million will be spent, with five store remodelings during the next two quarters.
During last week’s conference call, which discussed the company’s second quarter earnings, officials told analysts that they plan to spend $1.5 million to $2 million for merchandise changes, store remodeling and employee training in its third and fourth quarters.
Spartan, known as the country’s 10th-largest grocery distributor, with close to 400 independent grocery stores as customers in Michigan, Indiana and Ohio, also owns 88 grocery stores in Michigan and 14 drug stores in Ohio, including Family Fare Supermarkets, D&W Fresh Markets, Glen’s Markets, Felpausch Food Centers and The Pharm.
Spartan plans to renovate the stores and rename them either Family Fare or D&W, depending on market demographics.
Spartan reported that its net sales for the quarter reached a six-year high, with $627.1 million, or a 13.5 percent increase over the $552.6 million for the same time period last year.
Net earnings for the second quarter reached $9.1 million, or 42 cents per share, compared to $9.3 million, or 44 cents per share last year.