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Retail News Breaks Archives Jean Coutu Group saw sales at its franchise store network edge up in its fiscal 2011 third quarter, while overall revenue came in flat despite a rise in earnings. Cheryl Pegus, chief medical officer at Walgreen Co., shed light on the drug store chain's multichannel approach to pharmacy and health care services at the Consumer Electronics Show (CES) Digital Health Summit. Because of a dedication to health care that is unmatched by almost any other retailer in North America, the pharmacy management team at Kerr Drug has been chosen by the editors of Chain Drug Review as the collective recipients of this year’s Chain Drug Pharmacy Executives of the Year award for 2010. A new CVS Caremark Corp. study found that patients who take medications as doctors direct may save the health care system as much as $7,800 per patient annually. Take Care Health Systems has opened another work-site health care center for Intel, expanding its nearly five-year relationship with the computer chip giant. CVS/pharmacy has launched a beauty club for its ExtraCare customer loyalty program. With 2011 now here, chain drug retailers across North America are encountering many of the same challenges that they did a year ago. Sam's Club plans to launch a health management service that helps members take a preventive approach to improving health and wellness. Fueled by front-end business, Walgreen Co. in December continued its same-store sales growth from the previous month. The National Association of Chain Drug Stores Foundation has issued a request for proposal (RFP) to study "primary medication nonadherence," or when a patient fails to fill or pick up newly prescribed medication. To encourage healthy weight loss in the new year, Rite Aid Corp. has launched a sweepstakes with a grand prize of a trip for two to the Biggest Loser Ranch in Los Angeles, where the popular weight-loss reality TV show is filmed. An "intelligent" pill bottle cap from Vitality Inc. and AT&T Inc. helps patients take prescription medications regularly by wirelessly sending reminder calls, weekly e-mail reports and monthly updates to their doctors. Rite Aid Corp. saw same-store sales rise in December, marking its first monthly comparable-store gain in well over a year. Mark Panzer, president and chief executive officer of Pharmaca Integrative Pharmacy, has been named Chain Drug Review’s Merchant of the Year for 2010. For the first time, universal standards for prescription drug labels that reflect how patients read and understand medication instructions are being proposed on a national level, according to the U.S. Pharmacopeial Convention (USP). CVS Caremark Corp. has agreed to acquire the Medicare Part D business of Universal American for $1.25 billion. One man was integral to possibly the most dramatic two-year transformation in the history of chain drug retailing. The second grasped its import early on and helped find a way to turn it to his company’s advantage. The third is making sure its benefits endure.
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