Retail
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Alex and Ani LLC CEO Giovanni Feroce has left the company, according to a release issued Thursday afternoon, leaving founder and creative director Carolyn Rafaelian to assume the role of interim CEO while the board of directors conducts a search for a replacement. more
Walgreen Co., armed with a new patent, sued Rite Aid Corp., CVS Caremark Corp. and Shopko Stores Inc., claiming they’re misappropriating its technology for refilling prescriptions with mobile-phone scanners. more
The abrupt March 13 departure of Alex and Ani LLC CEO Giovanni Feroce may prove to be little more than natural growing pains for a company that saw a meteoric four-year growth run during his tenure, or it could signal trouble to potential investors, say business observers. more
The surprise ouster of charismatic CEO Giovanni Feroce in March was the start of a larger, organizationwide shakeup at Alex and Ani LLC than company leaders have acknowledged, according to former employees. more
MinuteClinic, the retail clinic division of CVS Caremark Corp., has announced that it will adopt the electronic medical records system developed by Epic Systems Corp., called EpicCare. more
Gasoline prices rose a penny in both Rhode Island and Massachusetts this week, marking the fifth consecutive week of price increases, according to the weekly survey by AAA Southern New England. more
Gasoline prices rose 2 cents in both Rhode Island and Massachusetts this week, ending four consecutive weeks of declines, according to the weekly survey by AAA Southern New England. more
Gasoline prices fell 1 cent in Rhode Island this week, ending six consecutive weeks of price increases, according to the weekly survey by AAA Southern New England. more
CVS Caremark Corp. will stop selling tobacco products at its 7,600 retail stores nationwide by Oct. 1 this year, the pharmacy chain announced Wednesday. President and CEO Larry Merlo said the decision was “the right thing to do,” even though the company expects to lose approximately $2 billion in annual revenue after pulling tobacco products. more
The cost of a gallon of self-serve, unleaded regular gasoline increased over the last week in both Rhode Island and Massachusetts, the fourth week in a row that fuel prices went up, according to the weekly survey by AAA Southern New England. more
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