Magazine article Drug Topics

Yingling's Legacy Leaves Thrifty Stores Shipshape

Magazine article Drug Topics

Yingling's Legacy Leaves Thrifty Stores Shipshape

Article excerpt

The revolving door continues to swing at Thrifty Corp. But sometimes it swings back in.

William Yingling, Thrifty's CEO of less than two years, shocked the industry last month when he announced he was leaving. Dan Seigel, who ran Thrifty for a year beginning in July of 1990, has now stepped back in as CEO. In 1990, Seigel had assumed the position following the dismissal of Eve Rich, who had been brought in from Casual Contempo in 1989.

Although Seigel's background is in accounting and law, he is credited with many accomplishments in his earlier turn as CEO. For example, he improved results at Pay 'n Save and got it into shape in order to sell it to PayLess Drug Stores.

He also inherits a chain in better condition than it was when he operated it in 1990. Thrifty stores have been revitalized with new paint and graphics, and a new program is in place to help customers "rediscover" Thrifty. The program, called Rediscover Thrifty, emphasizes customer service as a way to attract new shoppers. …

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