Tag Archives: Shopping and Retail

CVS Ousts Karen Lynch as C.E.O. and Shares Fall

CVS Health abruptly ousted its chief executive, Karen S. Lynch, on Friday as the pharmacy and health care conglomerate struggled with sluggish growth and faced pressure from investors. The company appointed David Joyner, the head of CVS Caremark, its successful unit overseeing prescription drug benefits, as the new chief. The …

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Attention Kmart Shoppers: It’s Closing Time

When Chrissy Economos and Gloria McCourtney heard that the last full-size Kmart in the mainland United States was closing down, they knew they had to pay their respects, even if the store was more than 1,300 miles away. As the shelves were quickly emptying at the Kmart in Bridgehampton, N.Y., …

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