|
Retail News Breaks Archives Shoppers Drug Mart is initiating a stock buyback program that could see the company repurchasing up to 5% of its outstanding common shares. The National Association of Chain Drug Stores has submitted a statement to the House Energy and Commerce Subcommittee on Oversight and Investigations that spotlights community pharmacy's increased role administering flu vaccinations. Pharmacy is one area where financially challenged shoppers don't plan to skimp on spending, according to the latest Empathica Consumer Insights Panel survey. MinuteClinic has formed a clinical affiliation with Greenville Hospital System (GHS), South Carolina's largest health system. Harris Teeter Supermarkets Inc. has hired J.P. Morgan Securities to evaluate strategic options, including a possible sale of the food and drug retailer. Cardinal Health Inc. plans to buy direct-to-home medical supplies distributor AssuraMed for $2.07 billion. Ulta Beauty president and chief executive officer Chuck Rubin is leaving the company to become CEO of arts and crafts retailer Michaels Stores Inc. Bartell Drugs this week deployed PharmaSmart blood pressure testing kiosks at its 58 drug stores in the Puget Sound region. By geography alone, the location of Walgreen Co.'s annual Analyst Day event signifies the company's historic transformation with the integration of Alliance Boots. Extending its menu of co-branded financial services with Royal Bank of Canada, Shoppers Drug Mart Corp. this week plans to begin selling travel insurance through its website. Bi-Lo has rolled out a revamped prescription discount program that gives customers more $4 generic drugs and more benefits. Furthering its mission to promote preventive health care, Walgreen Co. has embarked on its Way to Well Health Tour with AARP for 2013. Six pharmacy students have received Pharmacy Student Scholarship Awards, totaling $30,000, from the National Association of Chain Drug Stores Foundation. Walgreen Co. executive Jeffrey Kang has been named to the board of directors at the National Association of ACOs (NAACOS), a newly formed group representing over 60 accountable care organizations. Staples Inc. executive Brian Tilzer has joined CVS Caremark Corp. as chief digital officer.
|
