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Week of Mon, May 2nd, 2011

Analysts: Drug chains can weather rising fuel prices

Rising gas prices have cast a cloud over recent same-store sales gains by mass retailers, yet the hike in fuel costs — and overall prices due to inflation — stands to have less of an impact on drug store chains, industry analysts say.

Ontario expands access to Rx consultations

The Ontario Pharmacists' Association is hailing the Ontario government's decision to give senior citizens and Ontario Drug Benefit recipients more access to pharmacist consultations.

NACDS Foundation adds Coca-Cola exec to board

The National Association of Chain Drug Stores Foundation has elected Coca-Cola Co. executive Diane Wallace as a member of its board of directors.

CHPA: Children's liquid acetaminophen moving to one strength

Makers of over-the-counter, single-ingredient liquid acetaminophen medicine for children plan to transition these pediatric products to one concentration, according to the Consumer Healthcare Products Association (CHPA).

1Q report: CVS Caremark 'off to good start' in 2011

Boosted by a contract with a large pharmacy benefit management client, CVS Caremark Corp. saw healthy sales gains in its 2011 first quarter, with earnings topping analysts' forecast.

It's a first: Sammons, Ryan both honored with Fantle award

Mary Sammons, chairman of Rite Aid Corp., and Tom Ryan, chairman of CVS Caremark Corp., received chain pharmacy's highest honor last night as the National Association of Chain Drug Stores presented them with the Sheldon W. Fantle Lifetime Achievement Award.

Late Easter lifts April same-store sales at Walgreens

Robust front-end business, boosted by a later Easter holiday this year, drove a rise in comparable-store sales at Walgreen Co. in April.

Annual Meeting: NACDS embraces 'new normal'

The new chairman of the National Association of Chain Drug Stores sees a "new normal" in terms of the level of value the retail pharmacy trade group provides its members.

Former Caremark exec McLure joins change:healthcare

Howard McLure, former president of CVS Caremark Corp.'s pharmacy benefit management unit, has been named chairman of change:healthcare inc. and is slated to become the health care cost transparency firm's chief executive officer.

BioScrip sees healthy Rx sales gain in 1Q

Pharmacy services revenue climbed by double digits in the 2011 first quarter at BioScrip Inc.

CVS Caremark refreshes its PBM website

CVS Caremark Corp. has relaunched its Caremark.com website to enhance the online experience for its pharmacy benefit management members.

Tornado-stricken communities get aid from Walgreens

Walgreen Co. is donating $100,000 to the American Red Cross in response to the deadly storms and tornadoes that recently hit the Southeast.

Loeffler, Wasson, Narveson take new NACDS officer posts

At its 2011 Annual Meeting, the National Association of Chain Drug Stores announced new officers for 2011-2012, two new Executive Committee members and four new Board of Directors members.

Sam's Club to offer free skin health screenings

Later this month Sam's Club is slated to give free DermaScan skin tests to the first 100 people who sign up at each store.

Retail clinic model works best in drug stores, report says

Drug stores have been the most successful location for retail health clinics, a report by health care market research firm Kalorama Information finds.

Walgreens serves up daily cholesterol, glucose, A1C tests

Walgreen Co. has begun offering tests for total cholesterol and HDL (high-density lipoprotein), blood glucose and A1C daily at more than 1,400 of its pharmacies in 33 states and the District of Columbia.

Rite Aid makes donation to help tornado victims

The Rite Aid Foundation is donating $50,000 to the American Red Cross to help the victims, families and communities affected by last week's devastating tornadoes in Alabama and Tennessee.

Anderson: NACDS provides 'ideal forum'

In these challenging and uncertain times, planning and collective action are key, and the National Association of Chain Drug Stores provides a vehicle for both, NACDS president and chief executive officer Steve Anderson said at the 2011 NACDS Annual Meeting.

Outlook: Drug chains lifted by improved economy

With the economic recovery well under way, chain drug retailers can expect a year of growth in 2011, industry analysts say.

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