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Rite Aid extends solicitation of consent to amend terms of senior secure notes

BY Michael Johnsen

CAMP HILL, Pa. Rite Aid on Wednesday announced that it had extended its solicitation of consents to amend the terms of the indentures for its 8.125 percent senior secured notes due 2010 and its 7.5 percent senior secured notes due 2015 until after its scheduled conference call reporting fourth-quarter earnings April 10.

The consent solicitation, which had already been extended from last week to expire April 1 at 5 p.m., will now expire April 11.

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Walgreens continues to push refill service

BY DSN STAFF

DEERFIELD , Ill. Walgreens announced that on April 2 it will be offering customers who use inkjet printers free cartridge refills at any of more than 3,000 Walgreens stores across the country. Walgreens is offering customers an opportunity to try out the service for free as it continues its rollout to 4,500 stores with the service by the end of the year. For one day only, customers can bring one empty black or color cartridge to Walgreens photo counters with this service and have it filled at no cost.

Since launching printer cartridge refills in 2006, Walgreens said it has seen a steady increase in demand for the service as more people become aware of the quality and convenience. Prices are about half the cost of an original cartridge—only $10 for black ink and $15 for color – and Walgreens backs each refill with a 100% guarantee.

“In this tight economy, this is a great opportunity for people to save money on costly ink cartridges and do something good for the environment at the same time,” said Walgreens photofinishing general merchandise manager John Sugrue. “Since we launched this service, our customers have kept millions of cartridges out of landfills. And with more convenient locations being added daily, it’s easier than ever for people to keep their printers flowing while being both cost- and environmentally-conscious.”

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Jenkins retires from Publix, Crenshaw takes over as chief executive officer

BY Michael Johnsen

LAKELAND, Fla. Former Publix chief executive officer Charlie Jenkins, Jr., officially retired last week, ceding the role of chief executive officer to Publix president Ed Crenshaw and accepting the position of chairman of the company. Former senior vice president of product business development, Todd Jones, was named president of the company.

All executives have had long careers with Publix.

Jenkins, nephew of Publix founder George W. Jenkins, Jr., began his career in 1969 as the assistant to the vice president of real estate. In 1974, he became vice president of real estate and was elected to serve on the board of directors. He was promoted to executive vice president in 1988. Jenkins became chairman of the executive committee in 1990 and chief operating officer in 2000. He was named chief executive officer in 2001.

Crenshaw, a cousin of Jenkins, began his Publix career in 1974 as a front-service clerk in Lake Wales, Fla. After working in a variety of retail and support positions, he was promoted to director of retail operations for the Lakeland Division in 1984. In 1990, he became vice president of the Lakeland Division and was elected to the board of directors. In 1991, Crenshaw moved to Atlanta to start the Publix Atlanta Division as division vice president. He was promoted to executive vice president of retailing in 1994 and to president in 1996.

Jones began his career in 1980 as a front-service clerk in New Smyrna Beach, Fla. He worked in a variety of store positions before becoming a store manager in 1988. He was promoted to district manager in 1997, regional director in 1999 and vice president of the Jacksonville Division in 2003. In 2005, Jones was promoted to senior vice president of product business development.

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