Kevin P. Walgreen, the great-grandson of company founder Charles R. Walgreen Sr., will be promoted to a senior vice president of drugstore operations position, after working at Walgreen Co. for 27 years. He currently is a vice president of store operations.
Mass-market brewers, such as Molson Coors and Anheuser-Busch, are offering coupons to attract customers, but the move is eating away at profitability, analysts say. "Anheuser-Busch has successfully ... re-based the industry pricing architecture downward. This has ... lowered the bar for all brands, domestic and import," a Bear Stearns analyst says.
Whole Foods Market Inc. and Wild Oats Markets Inc. recently committed to selling only eggs from hens raised in a cage-free environment. Several brands of eggs are now being marketed as animal-friendly, but some scientists contend cage-free birds are more prone to carry disease.
Joseph Galli Jr. resigned from Newell Rubbermaid yesterday after a four-year stint as CEO. Mark D. Ketchum, a Newell director and a former Procter & Gamble Co. executive in the global baby and family care unit, was named interim chief, the company said.