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Walgreens Boots Alliance raises quarterly dividend by 7.1%

BY Michael Johnsen

DEERFIELD, Ill. – The day before announcing its second quarter results, the board of directors of Walgreens Boots Alliance declared a regular quarterly dividend of 33.75 cents per share, a 7.1% increase over the year ago dividend.  
 
The dividend is payable June 12, 2015 to shareholders of record as of May 21, 2015.
 
As the successor company to Walgreens after its holding company reorganization on Dec. 31, 2014, Walgreens Boots Alliance has paid a dividend in 330 straight quarters (more than 82 years) and has raised its dividend for 39 consecutive years.   
 
Pursuant to the reorganization merger, shares of Walgreens common stock were converted automatically into shares of Walgreens Boots Alliance common stock on a one-for-one basis. 
 
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Kroger earns 2015 ENERGY STAR Partner of the Year – Energy Management Award

BY Michael Johnsen

CINCINNATI – Kroger on Wednesday announced that the U.S. Environmental Protection Agency has recognized the company with a 2015 ENERGY STAR Partner of the Year – Energy Management Award for its efforts and actions to improve the energy efficiency of its buildings and facilities. Kroger's accomplishments will be recognized in Washington, D.C. on April 20, 2015.
 
Kroger, an ENERGY STAR partner since 2010, is being honored for its work to integrate and promote ENERGY STAR tools and resources within its energy management program to help lower energy use and greenhouse gas emissions.
 
"Our energy management practices, coupled with our ENERGY STAR participation, have produced very positive results, both for the environment and our business," said Keith Oliver, Kroger's VP engineering.  "Kroger is honored to win this award and continues to implement measures that reduce our energy use."
 
Key accomplishments of Kroger's award-winning energy management program include the extensive use of LED lighting in refrigerated cases, implementation of best practices for refrigeration, lighting and HVAC, and enhanced associate and customer awareness. Through the ENERGY STAR certification process Kroger certified 166 stores in 2014 alone, earning "Elite" status as part of ENERGY STAR's 2014 "Certification Nation" competition. Since 2000, Kroger has reduced its average grocery store electricity usage by 35%.  
 
"Kroger is a leading example of how businesses and organizations are incorporating ENERGY STAR into their sustainability programs," said EPA Administrator Gina McCarthy. "Kroger's role in energy management is helping reduce our nation's greenhouse gas emissions that fuel climate change and preserve a healthy planet for future generations."
 
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Rite Aid opens first RediClinics in Seattle market

BY Michael Johnsen

CAMP HILL, Pa. — Rite Aid last week opened the first three of 11 RediClinic in-store operations in its Seattle market, Ken Martindale, Rite Aid president and COO, told analysts Wednesday morning. 
 
Rite Aid currently operates 24 clinics in two markets: Philadelphia and the Washington, D.C./Baltimore region. 
 
Rite Aid is also making progress with its Genuine Well-Being remodels, Martindale told analysts. "By the end of the quarter, we had a grand total of 1,634 Wellness stores, which represents about 36% of our chain," he said. "These stores continue to out-perform the rest of the chain in terms of same-store front-end sales and script count and we continue to work with our supplier partners to pilot innovative merchandising solutions that deliver engaging customer experiences."
 
In fiscal 2016, Rite Aid plans to open 50 additional clinics.
 
 
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