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Week of Mon, Jun 29th, 2009

NACDS Marketplace draws from across mass retail spectrum

A host of retailer, exhibitor and other attendees from across the mass retail arena brought the 2009 National Association of Chain Drug Stores Marketplace Conference to a successful close this past week in Boston.

Pseudoephedrine prescription bill fails in California

The Consumer Healthcare Products Association said the California Assembly's Public Safety Committee this week failed to pass a bill that aimed to move over-the-counter pseudoephedrine products to prescription status.

Rite Aid sees sales decline in June

Rite Aid Corp. said Thursday that same-store sales fell 0.6% in June, while total sales slipped 2.5% during the period.

Same-store sales climb at Walgreens

Walgreen Co. on Thursday posted a 3.4% gain in comparable-store sales for June and a 9% overall revenue increase for the month.

Take Care clinics expand services

Take Care Health Systems, the in-store health clinic subsidiary of Walgreen Co., has expanded its menu of services to include procedures for skin conditions and minor injury treatments.

Rite Aid nixes reverse stock split

Rite Aid Corp. has canceled a planned reverse stock split after regaining compliance with the New York Stock Exchange's minimum share price listing rule.

Wal-Mart backs push for employer health coverage

As the legislative battle for health care reform heats up, Wal-Mart Stores Inc. has declared its support for employer-mandated health insurance coverage.

CVS, MinuteClinic honored for flu shot efforts

CVS/pharmacy and MinuteClinic have been recognized for their efforts to make it easier for people to receive flu shots and to boost awareness of the importance of getting vaccinated.

Rosato named NACDS Foundation president

Edith Rosato has been elected president of the National Association of Chain Drug Stores Foundation, the association said Tuesday.

MTM bill endorsed by NACDS, NCPA

Two leading pharmacy trade groups have endorsed legislation that would broaden access to pharmacist-provided medication therapy management (MTM) services for Medicare Part D patients.

Rite Aid wraps up $1.9 billion refinancing

Rite Aid Corp. said Monday that it has completed refinancing most of its September 2010 debt maturities, including a $145 million term loan and $1.75 billion senior secured revolving credit facility.

Former Walgreens president Fred Canning dies

Former Walgreen Co. leader Fred Canning died of cancer on Sunday at age 85, the drug store chain reported.

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