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Week of Mon, Apr 28th, 2014

CVS Caremark posts 1Q gains, but earnings miss

Inclement winter weather, a weak flu season and this year's later Easter holiday reined in sales growth in CVS Caremark Corp.'s retail drug store business for the 2014 first quarter.

London Drugs clinics prepare global travelers

To cater to the health needs of international and adventure travelers, London Drugs is offering travel and immunization clinics at 16 stores in British Columbia and Alberta.

First Brunet Target affiliated pharmacies open in Quebec

Target Canada announced that the first two Brunet Target affiliated pharmacies have opened inside the Brossard and Sainte-Dorothée, Quebec, Target stores.

Walgreens hits road for health tour with National Urban League

Following up its tour with AARP begun earlier this week, Walgreen Co. has launched the 2014 Walgreens Way to Well Health Tour with the National Urban League (NUL).

CVS/pharmacy earns Arthritis Foundation designation

CVS/pharmacy has become the only drug chain to receive the Arthritis Foundation's Partner for Better Living designation.

April same-store sales climb at Rite Aid

Rite Aid Corp. saw comparable-store sales surge in April, lifted by gains in the front end from the later Easter holiday and in comparable pharmacy sales and script count.

House Democrats call on drug chains to drop tobacco

A dozen members of Congress this week called on the nation's drug chains to cease selling cigarettes and other tobacco products in their stores.

The Top 10 Drug Store Retailers

Though the influx of new generic drugs and a challenging front end reined in sales growth, North America's leading drug chains have continued to expand their retail presence.

Walgreens to receive Webby Award for digital coupons

Walgreen Co. has been named the "Best Integrated Mobile Experience" for its paperless coupons offering in the 18th Annual Webby Awards, which recognize excellence on the Internet.

Jean Coutu's 4Q, full-year results mixed amid generics surge

Increased generic drug volume impacted sales but buttressed earnings for the fiscal 2014 fourth quarter and year at Jean Coutu Group.

Civello honored with Fantle award

Tony Civello, former chairman, president and chief executive officer of Kerr Drug, has been awarded the National Association of Chain Drug Stores’ Sheldon W. Fantle Lifetime Achievement Award.

NACDS is 'lab for future of health and wellness retailing,' Standley says

In taking the reins as chairman of the National Association of Chain Drug Stores, Rite Aid Corp. chairman and chief executive officer John Standley said the industry has a "once-in-a-lifetime opportunity" to improve health care delivery and patient health outcomes.

JICC spurs shift toward GS1 DataBar symbol on coupons

The Joint Industry Coupon Committee (JICC) is requesting industry comment on its plan to initiate the GS1 Global Standards Management Process (GSMP) to retire the use of the GS1 UPC Prefix 5 and GS1/EAN Prefix 99 barcode symbols on all coupons issued in North America by June 30, 2015.

Walgreens kicks off Way to Well health tour

Walgreen Co. has launched of the 2014 Walgreens Way to Well Health Tour with AARP, an annual initiative to promote preventive health care and early detection.

NACDS Foundation announces Pharmacy Partners scholarships, grants

The National Association of Chain Drug Stores Foundation plans to provide $214,000 in scholarships and grants through its 2014 Pharmacy Partners Program.

Standley aims to build on NACDS' strengths

John Standley, chairman and chief executive officer of Rite Aid Corp., knows firsthand the significance of the National Association of Chain Drug Stores to his company and community pharmacy overall as he gets set to take the reins as NACDS chairman.

NACDS elects new officers; Standley becomes chairman

John Standley, chairman and chief executive officer of Rite Aid Corp., was elected as the chairman of the board of the National Association of Chain Drug Stores during the NACDS Annual Meeting here.

NABP: Illicit online sellers are top purveyors of fake drugs

Online drug sellers are the most frequent conduits of counterfeit drugs and continue to pose a threat to global public health, according to a new report from the National Association of Boards of Pharmacy (NABP).

Viewpoint: Are loyalty programs really worth the investment?

It’s time for the retail industry to wake up, open its wallet and ditch those loyalty cards. A little too strong? OK, then how about committing to some major out-of-the-box thinking on how to make these programs actually work — because it certainly is not happening now.

Anderson puts value of pharmacy into perspective

The National Association of Chain Drug Stores has been able to manage complex issues with “nuanced and intuitive” leadership thanks in large part to the engagement of NACDS chain and associate members, according to NACDS president and chief executive officer Steve Anderson.

Narveson: 'Focus on what’s best for our patients'

Doing what's best for patients will go a long way toward helping the chain drug industry continue to flourish, Bob Narveson, chairman of the National Association of Chain Drug Stores, said at the NACDS Annual Meeting here.

Even after ACA reaches major milestone, controversy continues

The enrollment of more than 7 million people in health insurance plans under the Affordable Care Act has led President Barack Obama to declare the law’s rollout a success. But Republican legislators vowed to continue to seek the statute’s repeal, and even though the ACA recorded its highest public approval level yet, at 49%, virtually the same percentage opposed it.

Foulkes takes on new challenge at CVS

For most executives, being chosen to head one of the world’s great drug chains would constitute an end point, the culmination of a notable career in mass market retailing. For Helena Foulkes, who became president of CVS/pharmacy in January after distinguishing herself in a variety of roles during 22 years with the company, it represents a new beginning.

Outlook: Drug chains adapt to shifting Rx sector

Even as U.S. health care expansion brings new opportunities for drug chains, a transformation under way in the pharmacy business is presenting new challenges.

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