Report: Target’s future may be all about small stores
With 1,790 stores spread across the country and sales growth in each of the last two years at under 2%, the New York Post reports that the discounter is accelerating plans to roll out more petite, urban stores. (New York Post)
UPDATE: Bennett to leave Lebhar-Friedman to join ECRM
NEW YORK — Lebhar-Friedman announced Wednesday that Drug Store News group publisher Wayne Bennett will leave the company to become SVP retail at ECRM, effective Aug. 2.
Bennett, who joined Drug Store News in 1995, advanced steadily through the organization from area sales manager to national sales manager to publisher, and most recently to group publisher, with responsibility for DSN print and digital media, as well as the consumer health websites HellaWella and HealthEventsLive. In his new role at ECRM, Bennett will lead business process initiatives between the retail industry and the supplier community.
DSN publisher Eric Savitch will assume full responsibility for all day-to-day business operations for the group, including DSN as well as the DSN CE platforms. DSN editor in chief Rob Eder will take on additional responsibilities for live events and will play an advanced role in new business development. Lebhar-Friedman president and retail group publisher John Kenlon will assume responsibility for the company's consumer-facing websites.
Acknowledging Bennett’s many accomplishments over the course of his 21-year career at the company, Kenlon said, “Wayne has been an instrumental part of the growth of the Drug Store News brand and we wish him continued success in his new endeavors.”
“Eric and Rob have 40 years of collective experience between them, and a genuine passion for the business," Kenlon added. “They want the industry to succeed—not just Drug Store News. Suppliers and retailers know they will do everything they can to help improve their businesses.”
“Bennett's business media background and expertise is perfectly aligned with ECRM's vision to extend its services and technology platforms to better support many aspects of the buying process,"said ECRM CEO Greg Farrar. “His knowledge of the retail industry and experience will extend our engagement with retail buyers and suppliers year-round.”
Added Bennett, “I am excited to be part of this great ECRM brand that serves the industry well. I'm looking forward to joining the effort in taking ECRM's assets and capabilities to the next level and better serve the industry now and into the future.”