‘Look ahead and be bold,’ Anderson urges NACDS members as group marks 80th year
FORT LAUDERDALE, Fla. — National Association of Chain Drug Stores president and CEO Steve Anderson pledged to be proactive in advocating for pharmacy in the organization’s 80th year.
Speaking at the NACDS’ Regional Chain Conference Monday, Anderson said pharmacy stood at an "inflection point," with many more on the horizon.
"Many of you tell me that decision-makers seem to recognize pharmacy’s value as the face of neighborhood health care more than before," Anderson said. "Many of you tell me that community pharmacy and the consumer goods side of the business have tremendous opportunities, but the trick will be capitalizing on them. I also hear about the challenges that could stifle not only innovation, but also the viability of some businesses."
In addition to the pledge of advocacy, Anderson said the organization would "embark on a determined journey to earn the recognition for pharmacies as healthcare providers in Medicare" and provide an "innovative product" in the NACDS Total Store Expo, which will take place in Las Vegas in August.
The theme for the group’s 80th anniversary, Anderson said, would be "Experience It!" This would represent its response to the current operating environment and reflect the central focus of member engagement in its work.
"If there is one thing that has no place in NACDS, it’s sitting back and waiting for things to happen," Anderson said. "The words ‘Experience It!’ issue an invitation — an invitation to gather at events like this one to collaborate and innovate, and an invitation to earn results through expertise in advocacy, communications and business building."
Anderson urged attendees of the conference to "look ahead and be bold."
"NACDS has sought nothing less than creating an experience that helps you do what you do and be who you are," Anderson said. "And it’s that oneness with the membership that allows NACDS to take on the challenge of successfully navigating healthcare reform … the challenge of pursuing greater roles for pharmacy in healthcare delivery … and the challenge of settling for nothing less than creating the ideal forum for advancing business relationships and strategic dialogue."
Bloomberg: Tesco reassures U.S. customers as investment bank conducts strategic review
NEW YORK — U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday.
Not too long after Tesco announced its possible U.S. exit, a Facebook page titled "Save Fresh and Easy" was created. "By liking this page, we ask you to help keep our doors open by bringing three friends with you and show them exactly what it is you have come to love about us," the site administrators, who noted the page was not officially sanctioned by Fresh and Easy, stated.
As of Feb. 4, that site had 1,197 "likes."
According to the Bloomberg report, investment bank Greenhill is conducting a strategic review of Fresh & Easy for Tesco, which should be ready by April. The U.S. business hasn’t turned a profit since it was opened in 2007, the report noted.
The official word from Fresh and Easy, which Bloomberg noted went out to consumers via email, was "While we don’t know exactly what the outcome of this strategic review process will be, we want to assure you we don’t have plans to close stores and we’re confident Fresh & Easy can continue to be your favorite neighborhood market. In fact, we’re kicking off a new campaign this week so keep an ear out for our new radio spots.”
Supervalu names Sam Duncan president, CEO ahead of timeline
MINNEAPOLIS — Supervalu on Monday named Sam Duncan president and CEO. In this role he succeeds Wayne Sales, who has served as the company’s president and CEO since July 2012. The succession was first reported last month, when Supervalu announced its agreement with AB Acquisition to sell five of its retail banners as well as enter into an agreement with Symphony Investors to conduct a tender offer for up to 30% of Supervalu’s outstanding common stock.
Both AB Acquisition and Symphony Investors are Cerberus Capital Management-led entities.
Supervalu had previously announced that Duncan would assume the leadership role upon closing of the transaction. Sales will be Supervalu’s executive chairman and in that capacity will continue to have oversight over the completion of the transaction. At the closing of the transaction, Robert Miller, current president and CEO of Albertsons LLC, will become Supervalu’s non-executive chairman.
“The board decided to install Sam as president and chief executive officer before the completion of our previously announced transaction so he can start refining and where appropriate implement plans for the business," Sales said.
Duncan, 61, most recently served from 2005-2011 as chairman, CEO and president of OfficeMax, the third-largest office supplies retailer in North America with more than $7 billion in revenues and more than 1,000 stores. Prior to joining OfficeMax, Duncan served as president and CEO of ShopKo Stores, a $3 billion Midwest retailer.
As part of today’s announcement, Supervalu also reaffirmed that the closing of the previously announced sale and tender offer process is expected to occur the week of March 18.
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