|
Retail News Breaks Archives Larry Merlo, president and chief executive officer of CVS Caremark Corp. and current chairman of the National Association of Chain Drug Stores, made a dramatic announcement at this year’s NACDS Annual Meeting regarding the association’s meetings and conferences agenda. The National Association of Chain Drug Stores and National Community Pharmacists Association are hailing a congressional bill that would prohibit hikes in retail pharmacy co-payments under TRICARE, the health benefits program for the nation's armed forces. CVS Caremark Corp. is providing disaster relief to Alabama communities ravaged by tornadoes earlier this week. Sales grew by double digits in the first quarter at drugstore.com, but costs related to the online retailer's acquisition by Walgreen Co. contributed to a net loss in the period. Jean Coutu Group and its franchised drug store network closed out fiscal 2011 on the upside in sales, and the company's earnings exceeded analysts' forecast. Navarro Discount Pharmacy is extending the reach of its prescription drug services with Navarro RX App, a free pharmacy mobile application. CVS Caremark Corp. is set to close its acquisition of the Medicare Part D business of Universal American, a leading Medicare prescription drug plan sponsor. Walgreen Co. plans to acquire Carle RxExpress pharmacies from The Carle Foundation, a health care system in central Illinois. Robust front-end sales growth helped lift first-quarter revenue at Shoppers Drug Mart Corp. despite a dip in pharmacy business. Also, the Canadian drug store chain has named a new chairman and announced changes in its board of directors. Rite Aid Corp. saw its same-store sales climb back on the upside in April. Though facing some challenges, the market for retail health clinics has grown overall and is poised to become a "durable part" of the nation's health care system, according to a new report by health care market researcher Kalorama Information. Canada Health Infoway has formed a working group of clinicians to help further the adoption of electronic prescribing. Three high-profile speakers headline the National Association of Chain Drug Stores' agenda at the 2011 NACDS Annual Meeting, which kicks off this weekend in Scottsdale. Ariz. MinuteClinic has expanded its menu of services to include vitamin B-12 injections and the human papillomavirus virus (HPV) vaccination Gardasil. Walgreen Co. said its customers have helped keep more than 15,000 pounds of unused or expired medications out of landfills through its Safe Medication Disposal Program. When the pharmacist talks, drug store customers seeking over-the-counter product advice listen, a survey by the American Pharmacists Association (APhA) finds.
|
