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  • More than $209 million of Target debentures tendered, company says

    MINNEAPOLIS — About $209.3 million worth of Target Corp.'s debt has been put up for sale as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

    Target announced plans to purchase $170 million in 6.75% debentures due 2028, $154.9 million in 6.65% debentures due 2028 and $354 million in 7% debentures due 2031.

    The company said the $209.3 million tendered so far represented 20.31%, 25.22% and 38.32% of the totals of the three respective security titles.

     

  • New Supervalu names several executives to key leadership positions

    MINNEAPOLIS — Supervalu on Friday named several executives to the company's leadership team one day following the closing of its divestiture of five retail banners to AB Acquisition. 

  • Walgreens, Alliance Boots and AmerisourceBergen help redefine economies of scale

    Walgreens and Alliance Boots entered into a 10-year contract with wholesaler AmerisourceBergen on sourcing pharmaceuticals last week. But that's not all. Besides the long-term contract, Walgreens and Alliance Boots will have the option on a potential 23% equity stake in ABC in three years. 

  • Change the channel: More consumers opt for mobile, online shopping

    Google is offering a service called Google Shopping Express, which would offer same-day delivery from brick-and-mortar stores in the San Francisco Bay Area to the Internet giant's employees. Target and several other retailers have been named as possible partners.

  • Walgreens Empire State Building store opens

    DEERFIELD, Ill. — Walgreens is opening its latest New York flagship store in the Empire State Building, the retail pharmacy chain said Friday.

    The store, scheduled to open Saturday at 10 a.m., will include an enhanced pharmacy designed to encourage greater interaction between pharmacists and patients, a health guide to help customers find health-and-wellness products and healthcare services ranging from immunizations to health tests. An "Ask Your Pharmacist" desk, private consultation rooms and Express Rx kiosks are included as well.

  • Walmart expands mobile checkout program to 200 stores

    BENTONVILLE, Ark. — Late last year, Walmart rolled out the pilot program for a new mobile initiative called "Scan & Go" to 70 stores in the Atlanta and Bentonville, Ark. areas, where the company is based. Now, the mass merchandise retailer is expanding the program after a successful test run.

  • Network of Executive Women releases '2012 Annual Report'

    CHICAGO — The Network of Executive Women, whose mission is to attract, retain and advance women in the retail and consumer products industry through education, leadership and business development, has unveiled its "2012 Annual Report."

    The report opens with the personal stories of 10 network members, who explain how their engagement with NEW changed their companies, careers and lives. Among those features are Kim Tisdale, manager of expense payables at Wal-Mart Stores, and Chris Albi, VP merchandising at Kroger.

  • Ahold plans completion of ICA sale Wednesday

    AMSTERDAM — Royal Ahold expects its deal to sell its share of the European supermarket chain ICA to Hakon Invest to be completed next Wednesday, the Dutch supermarket operator said Thursday.

    Ahold said the conditions for the sale of its 60% stake in ICA to Swedish investor group Hakon Invest had been met.

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