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Retail News Breaks Archives

Week of   

Week of Mon, Jul 8th, 2013

Walmart Neighborhood Market debuts in N.Y.

Walmart has opened its first Neighborhood Market in New York state, settling in a location that shows the competitive challenge faced by drug chains and other retailers as the discount store giant rolls out smaller formats with pharmacies.

McKesson consolidates Ontario distribution network

McKesson Canada said it's restructuring its Ontario distribution network to better serve its customers and and position itself for future growth.

Report: Japan's Lawson eyes U.S. drug stores

Japan-based convenience store operator Lawson Inc. reportedly is angling to invest in or buy drug stores in the United States and Europe.

Take Care Clinics offer concussion education

Take Care Clinics have added concussion education as part of their annual camp, back-to-school and sports physicals.

NACDS endorses bill to form Rx abuse commission

The National Association of Chain Drug Stores has applauded a bill introduced by Sen. Barbara Boxer (D., Calif.) that would create a federal commission to address abuse of prescription drugs.

CVS expands discounts for veterans

CVS/pharmacy and Veterans Advantage Inc. have unveiled a new in-store savings program for Veterans Advantage's VetRewards Card members.

Walgreens, Blue Cross promote ACA awareness

Walgreen Co. has teamed up with the Blue Cross and Blue Shield Association (BCBSA) in a campaign to educate consumers about the Affordable Care Act (ACA) health care reform law, in particular how to buy health coverage via the new health insurance exchanges.

GPhA: Savings huge from generic patent settlements

Generic drugs launched before patent expiration because of a patent settlement reached the market an average of 81 months sooner than patent expiry, saving the U.S. health system billions of dollars, according to an analysis by the IMS Institute for Healthcare Informatics for the Generic Pharmaceutical Association (GPhA).

Pharmacy industry coalition takes aim at PBM audits

Key pharmacy industry players have joined a coalition that has launched a project to ensure "fair and reasonable" pharmacy audit standards for Medicare Part D prescription drug claims.

NCPA hails 'pharmacy choice' legislation in Hawaii

Hawaii has enacted two new measures that will give the state's residents more choice of where to fill their prescriptions and additional medical privacy protections, according to the National Community Pharmacists Association.

Jean Coutu reports uptick in sales, earnings

Despite the deflationary impact of new generic drugs, Jean Coutu Group posted a slight revenue and same-store sales gains for its fiscal 2014 first quarter, while adjusted earnings were in line with analysts' forecast.

Kroger grows pharmacy base with Harris Teeter buy

The Kroger Co. has lifted its pharmacy count over the 2,000 mark with its $2.5 billion deal to acquire Harris Teeter Supermarkets Inc.

Research links Rx adherence, preventable medical costs

The National Association of Chain Drug Stores is spotlighting new research that ties medication adherence to avoidable medical expenses.

AmerisourceBergen readies for community pharmacy conference

AmerisourceBergen Drug Corp. is getting set to kick off ThoughSpot 2013, its annual community pharmacy trade show, later this month in Las Vegas.

Study: Drug chains rate highly in convenience

Convenience remains a linchpin of pharmacy customer satisfaction, and chain drug stores appear to be gaining ground by that metric, a study by Boehringer Ingelheim Pharmaceuticals Inc. reveals.

Rexall supports Alberta flood relief effort

Rexall Pharma Plus is donating $50,000 to the Canadian Red Cross Alberta Floods Fund to support the relief and recovery effort in the wake of the province's devastating flooding last month.