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Verizon Communications elects Walgreens chief Greg Wasson to board

BY Michael Johnsen

NEW YORK — Verizon Communications on Thursday elected Greg Wasson, Walgreens president and CEO, to the Verizon board of directors, effective March 1.

"Greg Wasson brings to Verizon an in-depth knowledge of the retail and healthcare industries," stated Lowell McAdam, Verizon chairman and CEO. "He offers a unique perspective as the leader of a successful Fortune 50 company focused on innovation, traditional and nontraditional growth, operational and technical excellence, and multichannel integration. We welcome him as a valuable addition to our board."

Wasson will bring Verizon’s total board membership to 13.

Wasson also serves on the board of directors of Alliance Boots GmbH, in which Walgreens holds a 45% equity stake.

Wasson is board chairman for the National Association of Chain Drug Stores and serves on the boards of the Retail Industry Leaders Association, the Healthcare Leadership Council and the Consumer Goods Forum, among other organizations.  He is a member of the Economic Club of Chicago, the Business Council, the Wall Street Journal CEO Council and the civic committee of the Commercial Club of Chicago. Among activities on behalf of various nonprofit organizations, he served as chairman for the Illinois chapter of the American Cancer Society’s CEOs Against Cancer.

 

 

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Target January sales rise nearly 30%

BY Alaric DeArment

MINNEAPOLIS — Target Corp. reported net sales of nearly $6 billion in January, the company said Thursday.

The mass merchandise retailer reported sales of $5.97 billion, a 29.6% increase over the $4.6 billion reported in January 2012. Comps for the period, which ended Saturday, increased 3.1%.

"January comparable-store sales were in line with our expectations as guests responded to clearance prices on holiday inventory," Target chairman, president and CEO Gregg Steinhafel said. "Our guests continue to shop with discipline in the face of a slow economic recovery and new pressures, including recent payroll tax increases. As a result, we remain focused on providing unbeatable value combined with a superior guest experience in both our stores and digital channels."

Sales for the quarter to date were $22.37 billion, a 6.8% increase over last year, while year-to-date sales were $71.96 billion, a 5.1% increase over last year.

 

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Sam’s Club offering heart health screenings

BY Alaric DeArment

BENTONVILLE, Ark. — Sam’s Club will offer free heart health screenings at 563 of its stores on Saturday, the club retailer said.

The screenings, taking place at stores with pharmacies, will include tests valued at up to $100 for glucose, total cholesterol, high-density lipoprotein cholesterol, blood pressure, body mass index and vision screenings.

"Sam’s Club reinforces our commitment to health and wellness by educating our communities about the importance of a healthy heart," Sam’s Club SVP health and wellness Jill Turner-Mitchael said. "In honor of February’s Heart Health Awareness Month, free Sam’s Club health screenings offer individuals the opportunity to manage their heart health by first learning where they stand with several cardiovascular disease risk factors."


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