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Reports: Texas pharmacy school wins CVS Caremark Partner of the Year distinction

BY Alaric DeArment

NEW YORK — A pharmacy school in Texas has been named CVS Caremark Partner of the Year, according to published reports.

The award, which includes a $50,000 check, goes to the Texas Tech University Health Sciences Center’s School of Pharmacy, the Amarillo, Texas Globe-News reported.

The award is based on a partnership between the school and CVS that goes back more than 15 years, and the company employs more than 60 graduates from the school across Texas. 

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Sears Holdings denies Sears Canada sell-off rumors

BY Alaric DeArment

HOFFMAN ESTATES, Ill. — A report in the New York Post that Sears Holdings is looking to sell its Canadian division is false, the retailer said.

The Post reported that Sears Holdings chairman and CEO Eddie Lampert was talking with investment bankers at the possibility of selling Sears Canada.

"This morning’s report concerning Sears Canada by the New York Post contains false statements regarding Sears Holdings and its intentions for Sears Canada," a statement by the company read. "In particular, it is false to claim that Mr. Lampert, the CEO of Sears Holdings, is in talks with investment bankers about Sears Holdings’ interest in Sears Canada. Similarly, the claim that Mr. Lampert is conducting a ‘beauty contest’ also is false." 

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Peter McMahon appointed as Shopko CEO

BY Alaric DeArment

GREEN BAY, Wis. — The former COO of Canadian grocery chain Loblaws has been named mass-merchandise retailer Shopko’s new CEO, the company said Monday.

Shopko announced the appointment of Peter McMahon, who was responsible for Loblaws’ supply chain, information technology, human resources, labor relations, merchandising, store operations and loss-prevention functions. Before Loblaws, he served in various positions at Walmart in Germany and Japan and Tesco in central Europe. McMahon will replace COO Mike Bettiga, who was appointed as interim CEO in October 2012 after the departure of Paul Jones.

"We are fortunate to have such a successful and distinguished retail executive like Peter McMahon join the Shopko team," said T.S. King, senior managing director of Sun Capital Partners, the investment firm that owns Shopko. "Peter is highly collaborative and has an outstanding track record of driving results and solving complex business problems. His extensive supply chain experience will be a tremendous asset as Shopko continues to grow its Shopko Hometown store format, which serves smaller, rural markets."

 

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