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Retail News Breaks Archives Walgreen Co. plans to open its 8,000th store — and first West Coast flagship location — tomorrow at the famous corner of Sunset and Vine in Hollywood, Calif. Kinney Drugs announced that vice president of marketing Jim Wuest is retiring and that it will promote merchandising chief Rick Cognetti to an expanded role. The National Community Pharmacists Association has released "Moving Forward on a Solid Foundation: Year One Progress Report," which examines the progress of its Pharmacists Advancing Medication Adherence (PAMA) effort. CVS/pharmacy stores have launched a gift card exchange in conjunction with Plastic Jungle. The National Association of Chain Drug Stores Foundation raised about $1.8 million for its research, charitable and educational initiatives at the 14th Annual NACDS Foundation Dinner in New York City. Walgreen Co. has agreed to sell SAJ Distributors and the Select Brand private-label line to L&R Distributors Inc. About one in five U.S. adults has visited a retail health clinic, up from roughly one in 10 six years ago, according to research by Kalorama Information. MinuteClinic has entered a clinical collaboration with Virtua, a South Jersey health care network. The U.S. pharmaceutical industry loses an estimated $188 billion a year from nonadherence to medications for chronic disease, according to a study by Capgemini Consulting. CVS Caremark Corp. has made cash tender offers to buy back up to $1 billion of senior notes.
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