News

Target sets date for Canada exit

BY DSN STAFF

MINNEAPOLIS — Target Canada announced that it will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores to the public on April 12. Target Canada’s three distribution centres and Mississauga headquarters have been closed, the company announced. Liquidator-led fixture sales will continue in some locations. The company has been winding down its operations since January 15 when it obtained an Initial Order for protection from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act.
 
“We are pleased with the results of the liquidation sales to date and the speed at which we have moved through the wind-down process. We want to once again thank all Target Canada team members for their hard work and great adaptability through this process,” said Aaron Alt, Target Canada CEO. “The court-approved real estate sales process is underway and is expected to be completed by the end of June 2015.”  
 
Additional information regarding Target Canada’s CCAA proceedings can be viewed here.
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Chain Drug Consortium, The Premier Value Alliance announce merger

BY Antoinette Alexander

BOCA RATON, Fla. and Park City, Utah — Chain Drug Consortium has merged with its Premier Value Alliance subsidiary to form a new combined organization, which will operate as Chain Drug Consortium, LCC.  

The new organization will continue to provide its members with a broad portfolio of pharmacy industry programs and benefits, such as the Premier Value brand program.

Edward Frisch, founding president and CEO of CDC and PVA, has resigned and will remain a consultant to the new company.

 “I am very proud to have developed our unique business model, driving $1 billion in member retail programs and $100 million in member savings, since 2000. I am very confident that our board of directors and management will continue on this path,” Frisch stated.

Ed McGinley, CDC VP of pharmacy, resigned in February to pursue new consulting ventures.

Lou Helfrich, CDC VP of purchasing, will continue to manage CDC’s Premier Value brand program, based in Pittsburg, Pa.

George Bartell, chairman and CEO of Bartell Drugs, will continue as CDC chairman.  

"Eddie Frisch and Ed McGinley have been valuable assets to both organizations, and their contributions through the years are greatly appreciated,” Bartell stated.

Steve Rule, president and CEO of The Rule Group is the CDC’s new president, and he will be opening a new office in Park City, Utah.  The Boca Raton, Fla., office will be closed at the end of May.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Report: Kroger’s expansion into loyalty, e-commerce keeping HR department busy

BY Michael Johnsen

CINCINNATI — Kroger has ramped up its headquarter workforce by 50% since 2008, according to a recent report posted on Cincinnati.com, a Gannett Company. 
 
The supermarket operator has created roughly 100 jobs a year for six years, according to the report, thanks to advances in loyalty card utilization and the company's exploration of e-commerce.
 
Kroger's expansion of private label penetration also has contributed to the job growth, the report noted. 
 
For example, Laura Studaway joined Kroger in 2007 as the grocer's health and beauty category manager. According to the report, she's an engineer by trade and took the job at Kroger as she relocated to Cincinnati from Minnesota. "I love my job because it's like owning your own business unit," she told Cincinnati.com. "I'm empowered to make decisions."
 
 
 

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?