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Walmart to kick off Cyber Monday early

BY Dan Berthiaume

SAN BRUNO, Calif. — Walmart is providing a number of special holiday deals to online and mobile shoppers as part of an early Cyber Monday promotion that begins Saturday, Nov. 30. In addition, Walmart’s mobile app customers, Facebook fans and email subscribers will be among the first to receive invitations to an early shopping event on Sunday, Dec. 1, featuring up to 20 of the best Cyber Monday items while supplies last, before they are widely available.

Walmart.com has tripled the number of early access items compared to last year’s Cyber Week event, when the retailer offered one early access item per day. Starting Nov. 22, nearly all Walmart.com items (and half of Marketplace items) are eligible for free shipping on orders over $35. Customers can also upgrade to a faster 3-5 day option for $2.97, with most orders arriving in three days or less, without a subscription fee. In addition select Cyber specials will be available for customers to order online and pick up at their local Walmart store that same day, from Saturday, Nov. 30, through Cyber Monday, Dec. 2.

"Last year, Cyber Monday was our best sales day in Walmart.com’s history and we’ve spent all year preparing to make it even better for customers," said Joel Anderson, president and CEO, Walmart.com U.S. "More than two-thirds of people who plan to shop in our stores on Black Friday also plan to shop Cyber Monday.** Every year there’s a bigger appetite for Cyber Monday, so we’re giving our customers great deals and rolling back our free shipping minimum to $35, helping them extend their budgets this holiday season."

 

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Increased traffic drives up Dollar Tree’s Q3 results

BY Vivian Gomez

Increased customer traffic helped drive Dollar Tree’s third-quarter results. The retailer cited growth in consumer basics, as well as seasonal and variety merchandise, and said its higher-margin variety categories are growing at a faster pace.

The company reported consolidated net sales for the quarter of $1.9 billion, a 9.5% increase from $1.72 billion for the year-ago quarter. Comparable store sales increased 3.1%.

“I am pleased with our performance in the third quarter,” said CEO Bob Sasser. “Our comparable-store sales increase was driven principally by increased customer traffic, as new customers are finding Dollar Tree to be part of their solution to balance their household budgets. Our stores executed a quick transition from Halloween and are set with fresh, high-value merchandise for Thanksgiving and the Holiday season.”

During the third quarter, Dollar Tree opened 117 stores, expanded or relocated 19 stores and closed 6 stores. The company operates 4,953 stores in 48 states and 5 Canadian Provinces as of Nov. 2.

Estimated sales for the fourth quarter are anticipated to be in the range of $2.25 billion to $2.31 billion, based on a range of low-single digit positive comparable store sales.

 

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Care Pharmacies appoints two new board members; re-elects two others

BY Michael Johnsen

LINTHICUM, Md. — Care Pharmacies Cooperative on Thursday announced the addition of two new members to its 2014 board of directors, with two incumbents rejoining for an additional term. 

Mark Jensen — a corporate attorney in Baltimore who leads the transactional department at Bowie & Jensen, a law-firm he co-founded in 1992 — was appointed to serve a three-year term. Jensen earned his bachelor of arts degree from Hamline University in 1980 and his law degree from the University of New York at Buffalo Law School in 1985. Jensen also currently serves on the board of directors for the MedStar Health System in Baltimore.

Jeff Dunn also was appointed to serve on the board for a three year term. Dunn currently serves as SVP for VRx, an integrated pharmacy services management company that incorporates PBM functions, P&T/formulary management, medication therapy management/integrated care management and government functions for commercial and Medicare Part D employer groups and health plans. Dunn earned his doctor of pharmacy degree from the University of Utah College Of Pharmacy and his master of business administration degree from the David Eccles School of Business at the University of Utah. 

John Coster was re-elected to serve a three-year term on the board. Coster currently is the senior director government relations for the Safety Net Hospitals for Pharmaceutical Access. Coster is responsible for maintaining and building relationships with members of Congress and directing SNHPA’s advocacy efforts. Coster also served as SVP government affairs for the National Community Pharmacists Association and as the VP federal affairs and public policy for Rite Aid. Coster also previously served on the policy and regulatory staff of the National Association of Chain Drug Stores. 

Michael Kim also was re-elected to serve a three-year term. Kim attended the University of Maryland at College Park for undergraduate studies and graduated with a doctorate in pharmacy from Howard University College of Pharmacy. He currently owns Grubb’s Pharmacy, Psych CARE Pharmacy, Jessup CARE Pharmacy, Grubb’s NW Specialty Pharmacy, Grubb’s SE Pharmacy & Mini-mart and Ellicott City Pharmacy. Kim is the current vice chairman of the Care Pharmacies board of directors, and the newly elected VP of the DC Pharmaceutical Association and board member for the APhA Editorial Advisory Board of Pharmacy Today magazine.    

 

 

 

 

 

 

 

 

 

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