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September 30, 2014

TOP STORY

Walgreens meets 4Q, full-year earnings estimates

Adjusted earnings at Walgreen Co. were in line with Wall Street's forecast for the fiscal 2014 fourth quarter and full year, with the drug chain seeing robust sales gains in both periods.

For the fourth quarter, however, Walgreens reported a GAAP net loss because of a large noncash charge from its decision to proceed with its purchase of the remaining interest in Alliance Boots GmbH earlier than planned.

 

RETAIL NEWS BREAKS

HDMA elects Scherr as new board chairman

Ted Scherr, president and chief executive officer of pharmaceutical and health care products wholesaler Dakota Drug Inc., has been elected as chairman of the Healthcare Distribution Management Association (HDMA).

Council of Ontario College of Pharmacists elects president

The Council of the Ontario College of Pharmacists (OCP) has elected Mark Scanlon as president and Esmail Merani as vice president for the 2014-15 council year.

Viewpoint: CVS changes retail health care game

In a year crammed with major news stories, cataclysmic personnel shifts and stunning new strategies and directions, the No. 1 retailing story of 2014 increasingly appears to be the CVS decision to stop selling tobacco products in its 7,700 drug stores.

Diplomat Pharmacy begins IPO, names CIO

Diplomat Pharmacy Inc. has commenced an initial public offering and appointed a chief information officer.

Pharmacy groups ready for Tweet-a-Thon

This week, members of 37 pharmacy organizations from around the world are going on Twitter to participate in the second annual #Pharmacist Tweet-a-Thon.

Jean Coutu names ambassadors for cosmetics brand

Jean Coutu Group has named freestyle skiers the Dufour-Lapointe sisters — Maxime, Chloé and Justine — as the new ambassadors for its Personnelle Cosmetics private brand.

CVS/pharmacy reiterates commitment to safe Rx disposal

CVS/pharmacy has renewed its Medication Disposal for Safer Communities donation program to help promote the proper disposal of medicines.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Perrigo to buy women's health assets from Lumara

Perrigo Co. plc plans to acquire the women's health care business of Lumara Health Inc.

Coty CEO Scannavini resigns

Michele Scannavini has stepped down as Coty Inc. chief executive officer and resigned from the company's board of directors.

Profoot dubs new campaign its biggest ever

Profoot Inc. has kicked off what the company calls its largest integrated marketing campaign.

N.Y.C. New York Color enlists Demi Lovato as ambassador

Singer and actress Demi Lovato has signed on with N.Y.C. New York Color as its first global brand ambassador.

Mondelez appoints chief marketing officer

Dana Anderson has been promoted to senior vice president and chief marketing officer at Mondelez International.

Dr. Reddy’s launches Xopenex generic

Dr. Reddy's Laboratories has rolled out levalbuterol inhalation solution, a bronchodilator medication.

Olay names Katie Holmes as brand ambassador

Skin care brand Olay has made actress Katie Holmes its first global brand ambassador.

More Supplier News Breaks >>
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