Walmart opens second supercenter in Chicago
NEW YORK — Walmart on Wednesday opened its second supercenter in Chicago.
The opening of the 157,000-sq.-ft. store, located on the city’s South Side, followed the resolution of a seven-year battle between the retailer and the city’s labor unions and community activists. But sentiment changed as the recession-weakened economy and high unemployment supported Walmart’s case for opening stores in Chicago that would create jobs and bring in sales tax revenue. The chain also agreed to pay Chicago employees at least $8.75 an hour, which is 50 cents above Illinois’ minimum wage.
Walmart slated to open a third supercenter in Chicago next year, on the city’s Far South Side.
Target gives $5 million to needy schools
MINNEAPOLIS — Target has announced the names of 50 schools that were selected to receive a $100,000 grant to purchase much-needed resources and improve their learning environments. The $5 million donation from Target to K through 12 schools in 31 states across the country is part of the company’s commitment to education, which includes plans to give $1 billion for education by the end of 2015.
From Nov. 25, 2011 through Jan. 4, viewers of "The Ellen DeGeneres Show" were invited to submit the name of a school in need along with a compelling story explaining why they felt the designated school should receive a grant from Target. Based on the nominations received, Target selected 48 schools and two school districts to receive grants. All grant recipients were chosen based on a number of factors, including consideration of Title I eligibility.
“We all have an important role to play when it comes to ensuring our children and future leaders are academically successful,” said Laysha Ward, president community relations for Target. “Thanks to the thousands of viewers who nominated a school as a potential grant recipient, we are contributing a total of $5 million to schools and districts across the country in hopes of inspiring learning and putting more kids on the path to graduation, ready for college, a career and life.”
Walgreens’ CFO named to Acadia board
FRANKLIN, Tenn. — Acadia Healthcare on Wednesday announced that it has named Walgreens veteran Wade Miquelon to its board of directors.
"Wade Miquelon brings tremendous expertise in a range of disciplines to Acadia, as well as valuable perspectives from his work with both large established companies and young growth companies," stated Joey Jacobs, Acadia chairman and CEO. "We welcome Wade to the board, confident of his ability to contribute to the company’s long-term growth in earnings and shareholder value."
Since July 2009, Miquelon has been EVP and CFO for Walgreens. He joined Walgreens in June 2008 as SVP and CFO.
Prior to Walgreens, Miquelon was EVP and CFO at Tyson Foods and held a number of positions with Procter & Gamble.