CVS Caremark claimed the healthcare high ground by discontinuing the sales of tobacco products but the move comes with a steep price as the company said it will lose $2 billion in revenue and experienced a 17 cents a share profits impact.
In November of last year, Target opened a popup store featuring an exclusive collection of bath and body products by Sonia Kashuk in New York’s Grand Central Terminal. Now the retailer is preparing to launch an exclusive line of Sonia Kashuk makeup, beauty tools and cosmetic bags in March.
Cabot Creamery is honoring 50 volunteers from across the United States with what it’s calling a “trip of a lifetime.” On Jan. 11, the volunteers will board the Celebrity Cruises Summit for an all-expense-paid, six-day, seven-night Caribbean cruise organized in their honor, courtesy of the 1,200 farm families who own Cabot Creamery Cooperative.
The Campbell Soup Company has appointed Yin Woon Rani to the newly created role of VP of integrated marketing, effective Jan. 2, 2014. She will be based at Campbell’s world headquarters in Camden, N.J.
The Coca-Cola Company’s board of directors has named Ed Steinike as a senior VP and Robert J. Jordan Jr. as a VP. Jordan will succeed William D. Hawkins III as general tax counsel, who announced his intention to retire in March 2014 after 15 years of service with the company.
Restoration Hardware co-CEO Carlos Alberini has resigned his post, effective Jan. 31, 2014. He plans to continue serving as a member of the company’s board of directors and will remain a significant shareholder.
Aaron's has promoted VP of finance Steven A. Michaels to VP of strategic planning and business development. Additionally, Robert W. Kamerschen, SVP and general counsel, will add corporate secretary to his responsibilities, and Kimberly R. Rivera is joining the company as VP of learning and development.
Kroger has named Michael L. Ellis as the company’s president and chief operating officer, effective Jan. 1, 2014, completing the succession plan announced in September. The company expects its board of directors to elect Ellis at the next board meeting in Dec.
Dick’s Sporting Goods 2013 store expansion efforts are winding down, but not before the retailer opens a new unit next week in Albuquerque, N.M., and mixed martial artist Carlos Condit participates in grand opening festivities.
Columbia Sportswear Company, a leading manufacturer of active outdoor apparel, footwear, accessories and equipment, has appointed Franco Fogliato as SVP of Europe, reporting directly to president and CEO Tim Boyle, effective Nov. 4.
The Coca-Cola Bottlers’ Association is turning 100. To mark the centennial, Bart Gobeil, chief operating officer in Georgia, will present a commendation to the association on behalf of Georgia Governor Nathan Deal, recognizing the impact that CCBA has made in supporting the local communities in which its members operate.