Harry & David Holdings Inc., the mail-order food company known for its fruit baskets and Moose Munch snacks, is preparing to file for Chapter 11 bankruptcy protection as soon as Monday, the Wall Street Journal reported, citing sources. Get the full story »
Inside these posts: Mail-order
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Penney exiting catalog, closing some stores
J.C. Penney Co. is closing some stores, outlets and call center locations and continuing to work on an exit from its catalog business in an effort to streamline operations and boost profits. Locally, the J.C. Penney at Spring Hill Mall in West Dundee is slated for closure.
The department store operator also said Monday that Vornado Realty Trust Chairman Steven Roth and activist investor William Ackman will become board members. Penney’s enacted a “poison pill” in October after both Ackman and Vornado took large stakes in the company. Get the full story »
Walgreen aims to fill more 90-day prescriptions
Walgreen Co. wants more customers to fill 90-day prescriptions in its stores, a move it says will make it easier for patients to stick to their drug regimens and save millions of dollars in healthcare costs. Get the full story »
CVS makes case for Saturday mail delivery
The Postal Regulatory Commission heard testimony Monday from businesses that oppose an end to mail delivery on Saturdays, a move the postal service says would save more than $3 billion annually.
Among them, CVS Caremark Co. said a five-day delivery service would impede the growth of mail-order pharmaceuticals and keep vital medications from patients. Get the full story »
