retail news in context, analysis with attitude

• CVS Caremark said yesterday that it will acquire Miami-based Navarro Discount Pharmacy, described as "the largest Hispanic-owned drugstore chain in the U.S. " The company said that the deal "includes Navarro's 33 retail drugstore locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases."

Terms of the deal were not disclosed.

Navarro Discount Pharmacy has annual sales in excess of $340 million. Completion of the deal depends on regulatory approvals.


Cleveland.com reports that in Ohio, Bed Bath & Beyond is adding another "b" - booze.

According to the story, a Solon, Ohio store "is asking the city's approval to pursue a state license to sell wine, beer and some liquor in a new gourmet foods section planned for the store.

"The Solon retailer would be the ninth store in the chain to sell alcohol, and the first in Ohio. If the store obtains the license, Bed Bath & Beyond will join Giant Eagle Market District, Mustard Seed Market & Cafe and Marc's as one of the few businesses selling alcohol in the city."
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