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Shopko Stores Inc

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BUSINESS
February 4, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Bergen Brunswig Corp., expanding its reach across the Northern states, said Thursday that it has signed an exclusive contract to supply ShopKo Stores Inc. with pharmaceutical products for the next five years. The deal with the Green Bay, Wis., company is expected to eventually generate $1 billion in sales for Bergen, with an average of $200 million in annual revenue.
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BUSINESS
February 4, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Bergen Brunswig Corp., expanding its reach across the Northern states, said Thursday that it has signed an exclusive contract to supply ShopKo Stores Inc. with pharmaceutical products for the next five years. The deal with the Green Bay, Wis., company is expected to eventually generate $1 billion in sales for Bergen, with an average of $200 million in annual revenue.
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BUSINESS
November 6, 1996
McKesson Corp. of San Francisco said its U.S. Health Care unit has signed a five-year contract to supply pharmaceutical products to discount merchandiser ShopKo Stores Inc. of Green Bay, Wis., in a deal that could be worth as much as $2.2 billion. The agreement to supply ShopKo's 130 pharmacies by itself is worth $1.1 billion over the five years, but that figure will almost double if the planned purchase of ShopKo by Phar-Mor Inc. of Youngstown, Ohio, goes through.
BUSINESS
February 1, 2001
* Nearly 30% of farmers who grew biotech corn last year violated planting restrictions designed to keep insects from becoming resistant to the crop, according to a survey conducted by the biotech industry and submitted to the Environmental Protection Agency. The planting rules require 20% of a farmers' corn acreage to be of conventional varieties, and the conventional corn must be planted within half a mile of the biotech crops.
BUSINESS
April 3, 1997 | (Bloomberg News)
Phar-Mor Inc. scrapped its plan to buy ShopKo Stores Inc. as skepticism about combining the discount chains pushed down Phar-Mor's stock. The retailers said in September that they would form a new company, Cabot Noble Inc., in a transaction valued at about $1 billion in stock and assumed debt. The value had fallen to about $870 million with the 38% drop in Phar-Mor's stock.
BUSINESS
March 3, 1994 | JAMES M. GOMEZ, TIMES STAFF WRITER
Giant drug wholesaler Bergen Brunswig Corp. said Wednesday that it has signed a $285-million deal with the U.S. Department of Defense to supply the federal government with drugs for 20 military hospitals in the Southwest. The five-year contract, finalized this week, is the largest pact the Orange-based firm has signed with the government to date and represents a growing trend by Bergen Brunswig and other drug wholesalers to secure large distribution agreements.
BUSINESS
September 10, 1996 | From Associated Press
Revco D.S. Inc., one of the country's biggest drugstore chains, began a $330-million hostile takeover bid Monday for Big B Inc., a Southern competitor. Meanwhile, two smaller retailers announced a friendly merger. ShopKo Stores Inc., a Green Bay, Wis.-based discount merchandiser, and Phar-Mor Inc., a drug chain based in Youngstown, Ohio, said they will combine under a new holding company. The moves underscore the increasingly competitive environment in drug retailing.
BUSINESS
May 6, 2005 | Leslie Earnest, Times Staff Writer
Despite higher gasoline prices and an uncertain economy, retail sales beat expectations last month -- barely. Sales at stores open at least a year -- a key measure of performance -- were $50.2 billion, up 2.2% compared with April 2004, according to the International Council of Shopping Centers' tally of 70 retail chains. Michael Niemira, the council's chief economist, had expected a 2% gain. Luxury stores and wholesale clubs were among the best performers in the month.
BUSINESS
May 29, 2002 | JAMES F. PELTZ, TIMES STAFF WRITER
One big company after another is melting down. Chief executives are being pushed out. Companies are under investigation. And now there's another element to the turmoil in corporate boardrooms: More board directors are having to take over the CEO job for at least a while. Interim chiefs are everywhere these days. The latest example is Daniel Dienstbier, president of Northern Natural Gas Co. and director of Dynegy Inc.
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