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Inside This Issue - News
Walmart will run all facets of its business with integrity, chief executive Mike Duke and chairman Rob Walton vowed at the company’s annual shareholders meeting earlier this month. Larry Merlo’s initial year as chief executive officer of CVS Caremark Corp. has been a remarkable one indeed. Rite Aid Corp. president and chief executive officer John Standley will take on the additional responsibilities of chairman at the company’s annual shareholders meeting this month. When it comes to reaching and influencing the mass retailing community, the most creative marketing mind in America today belongs to Scott Emerson, head of the Emerson Group, itself one of the creative companies when it comes to brand marketing. Shoppers Drug Mart’s (SDM’s) annual meeting here last month marked a double anniversary — half a century since the company was founded, 10 years since it went public. Settling a government lawsuit charging that it improperly distributed large volumes of oxycodone, Cardinal Health Inc. has agreed to a two-year suspension of its Lakeland, Fla., distribution center’s registration to ship controlled substances. Walgreen Co. has developed what it says is an improved Prescription Savings Club program. Pharmacy benefits management clients of CVS Caremark Corp. saved nearly $2.4 billion in 2011, in part because of the company’s focus on providing medication adherence programs for patients with chronic conditions. Appearing at his first Shoppers Drug Mart annual meeting, Domenic Pilla, the company’s new president and chief executive officer, outlined the drug chain's opportunities and challenges. Shoppers Drug Mart is acquiring Paragon Pharmacies Ltd. in a transaction in which SDM will gain from Paragon 19 retail pharmacies and three central fill pharmacies in British Columbia, Alberta and Manitoba. The deal is valued at an estimated $75 million in cash.
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