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March 06, 2015

TOP STORY

Rite Aid posts sales gains for February, fiscal year

Rite Aid Corp. kept up its same-store sales momentum in February and reported increased sales for the fourth quarter and fiscal year.

For the month, the drug chain saw comparable-store gains in both the front end and pharmacy, as well as in prescriptions filled.

Fiscal 2015 sales finished in line with Rite Aid's forecast, coming in at the higher end of the company's guidance.

 

RETAIL NEWS BREAKS

Target plans $2 billion in cost cuts in transformation strategy

Target Corp. has unveiled a turnaround plan based on streamlining its headquarters operations to cut costs, boosting its information technology and supply chain investments, and adjusting its merchandise mix to strengthen its relationship with its most loyal consumers.

Ontario Pharmacists Association website spotlights Rx services

The Ontario Pharmacists Association (OPA) has launched a website to highlight the many ways that pharmacists can help patients stay healthy — beyond filling prescriptions.

President of Stop & Shop New England steps down

Joe Kelley is leaving his post as president of Ahold USA's Stop & Shop New England division, effective immediately.

Drug, mass retail execs make '50 Most Powerful Women' list

Executives from Walmart, Sam's Club, Rite Aid, Walgreens and Family Dollar Stores made Black Enterprise magazine's "50 Most Powerful Women in Corporate America" list.

Canadians see pharmacists as central to health care

Canadians hold pharmacists in high regard and see them as playing a key role in the nation's health care system, according to a poll conducted by Abacus Data for the Canadian Pharmacists Association.

Shoppers Drug Mart's sales climb in 4Q

Shoppers Drug Mart saw robust growth in prescription count and increased sales for its 2014 fourth quarter.

Diplomat to acquire infusion specialist BioRx

Diplomat Pharmacy Inc. plans to buy pharmacy and infusion services company BioRx LLC.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Pirate's Booty adds baked carrot snacks

Pirate's Booty has expanded its baked snack lineup with Pirate's Booty Carrot Snacks.

Vicks survey reveals heavy toll of cold/flu on consumers

A worldwide poll by cough/cold brand Vicks found that colds and flu take a hefty toll on consumers.

Amope Pedi Perfect to star in event at NYC's Grand Central

Reckitt Benckiser foot care brand Amope is teaming up with supermodel and "The Fab Life" co-host Chrissy Teigen to treat commuters to a foot makeover with a pedicure station at Manhattan's Grand Central Terminal.

Cardinal Health to acquire Cordis from J&J

Cardinal Health Inc. plans to acquire cardiology and endovascular device maker Cordis from Johnson & Johnson for $1.944 billion.

BIOTA thinning-damaged hair care line rolling out to Walgreens

BIOTA Botanicals has landed retail distribution of its Advanced Herbal Care line for thinning-damaged hair at Walgreens.

Camber releases Revatio generic

Camber Pharmaceuticals has launched sildenafil 20-mg tablets, a medication for pulmonary hypertension.

Van der Hagen debuts new Shave Butter at Rite Aid

Van der Hagen Enterprises has landed retail distribution for its new Shave Butter at Rite Aid.

More Supplier News Breaks >>
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