PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
Walgreen Co. has promoted director of online operations Miguel Almeida to divisional vice president of online merchandising and Jasbir Patel to director and general merchandise manager of online photo.
Drugstore retailer Walgreen Co. has promoted two managers to key e-commerce positions.
The company promoted director of online operations Miguel Almeida to divisional vice president of online merchandising and 21-year company veteran Jasbir Patel to director and general merchandise manager of online photo. Both Patel and Almeida will report to senior vice president of e-commerce Sona Chawla.
The company also promoted Mike Arnoult, formerly head of online merchandising, to vice president of customer-centric retailing. Customer centric retailing is a strategy Walgreens has been rolling out to its 7,147 retail stores to better coordinate merchandising and buying activities in an effort to reduce inventories and improve sales.
Walgreen is No.68 in the Internet Retailer Top 500 Guide (a PDF version of the company’s financial and operating profile can be order by clicking on its name).