Personnel Updates

• Builders FirstSource Inc. (73) announced that CEO Chad Crow will retire this year after 20 years with the company.

• CVS Health (205) announced Kevin Hourican, President CVS Pharmacy, is set to leave the company.

• Do it Best Corp. (146) has promoted Scott Kinkella to Regional Sales Manager.

• Hudson’s Bay Company (214) has appointed Iain Nairn as President, Hudson’s Bay.

• Party City Holdco Inc. (57) appointed Todd Vogensen as its new CFO.

• Ross Stores Inc. (115) announced that Bernard Brautigan, President, Merchandising of Ross Dress for Less, is leaving the company.

• W.W. Grainger Inc. (27) announced that David Rawlinson will leave his post as Senior VP and President of Grainger Online Business.


Financial Focus

• Casper announced it has filed to go public on the New York Stock Exchange under the ticker symbol “CSPR.”


Mergers and Acquisitions

• Builders FirstSource Inc. has acquired the assets of Bianchi & Company, Inc. located in Charlotte, NC.

• R.K. Miles Inc. announced it is acquiring Allen Lumber Co. Inc. The move includes the acquisition of locations in Barre, Montpelier, Waitsfield, and St. Johnsbury, VT.


Industry Insight

• CVS Health is moving ahead with updating stores to its new health-focused store format. The company plans to update 600 of its stores to the new format this year.


Real Estate

• Boscov’s Dept. Store LLC will open its 49th location in the fall. The 180,000 sq. ft. store will be at the Eastwood Mall in Niles, OH.

• Five Below Inc. announced that it will open 180 new stores in 2020.  The expansion for 2020 translates to 20% unit growth.