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Tops Friendly Markets makes return to local ownership

BY Marianne Wilson

WILLIAMSVILLE, N.Y. — Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, Northern Pennsylvania and Western Vermont, announced that the previously announced acquisition of Tops Holding II by a group of senior managers of the company led by Tops president and CEO, Frank Curci, closed on Dec. 1.

"The management team at Tops truly has a passion for the business and dedication to the core values of the organization, and has led the company’s tremendous growth over the past six years," Curci said. "This transaction represents the next step in the natural evolution of Tops that began six years ago when we returned operations and decision-making to our local markets. Now with local ownership as well, we will be able to build on our successes of the recent past, deepen our commitment to the markets we serve, and further expand to better serve our associates and customers."

The senior managers in the acquisition group consists of Curci; Kevin Darrington, COO; Rick Mills, CFO; John Persons, senior VP operations; Jack Barrett, senior VP human resources; and Lynne Burgess, senior VP and general counsel.

Financial terms of the transaction have not been disclosed.

 

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Rite Aid offers flu shots for $24.99

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid is offering a $5 discount on flu shots as a way to encourage more people to protect themselves, the retail pharmacy chain said.

Rite Aid said that in recognition of National Influenza Vaccination Week, which runs between Dec. 8 and Dec. 14, it would offer flu shots at its stores for $24.99. NIVW started in 2005 as a national campaign by the Centers for Disease Control and Prevention, which recommends annual flu shots for everyone aged 6 months and older.

"Getting a flu shot is the single best way to protect yourself and those around you from getting the flu," Rite Aid EVP pharmacy Robert Thompson said. "The good news is, it’s not too late to get a flu shot, and by lowering the price of flu shots during National Influenza Vaccination Week, we’re hoping to encourage people to get vaccinated and be protected throughout the winter months, as flu activity is expected to increase."

 

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IBM: Cyber Monday sales to hit record numbers

BY Marianne Wilson

NEW YORK – Cyber Monday online sales were 17.5% over the same period last year as of 6 p.m. EST on Monday, according to IBM Digital Analytics Benchmark.

Mobile traffic accounted for 29.4% of all online traffic, up almost 62% compared to the same period last year.

In other findings from IBM:

  • Smartphones drove 20.2% of all online traffic compared to tablets at 9.2%, making it the browsing device of choice.
  • When it comes to making the sale, tablets drove 9.6% of all online sales, more than one and a half times that of smartphones, which accounted for 5.9%.
  • Tablet users also averaged $129.82 per order, versus smartphone users, who averaged $112.34 per order.
  • Shoppers referred from Facebook averaged $97.46 per order, versus Pinterest referrals, which drove $91.53 per order. Facebook referrals converted sales at the same rate as Pinterest referrals.

 

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