Diplomat CEO Phil Hagerman to retire
Phil Hagerman, co-founder, chairman and chief executive officer of Diplomat Pharmacy Inc., the nation’s largest independent specialty pharmacy, plans to retire.
CDR
CVS Health gives update on 2018 outlook
In an update for investors, CVS Health executives expressed confidence in its growth outlook and noted that the recently passed tax overhaul package should boost its cash flow by an estimated $1.2 billion.
Sales surge in 1Q at Walgreens Boots Alliance
Strong sales gains by the U.S. retail pharmacy division propelled Walgreens Boots Alliance (WBA) in its fiscal 2018 first quarter, which also saw the company exceed Wall Street’s earnings forecast. WBA said Thursday that, for the quarter ended Nov. 30, sales totaled $30.74 billion, up 7.
H-E-B’s Martin Otto wins leadership award
Even the best-run, most effective organizations can benefit from occasionally reconsidering their work in a new light. The National Association of Chain Drug Stores is a case in point.
Rite Aid edges above Wall Street’s forecast for 3Q
Rite Aid Corp. topped Wall Street’s earnings projections for its fiscal 2018 third quarter, in which the company proceeded with the transfer of stores under its $4.375 billion asset sale to Walgreens Boots Alliance (WBA). Rite Aid said late Wednesday that for the quarter ended Dec.
Kevin Hourican honored as top pharmacy exec
Kevin Hourican is a relative newcomer to community pharmacy, but that hasn’t prevented him from helping CVS Health live up to its positioning as a pharmacy innovation company.
Alex Gourlay named Retailer of the Year
To the casual observer, the dominant story line at Walgreens might appear to be the phased acquisition of 1,932 drug stores and related assets from Rite Aid Corp., and plans for their subsequent assimilation.
New tax code eliminates ACA individual mandate
The individual mandate is no more. The requirement under the Affordable Care Act that people pay a penalty if they do not obtain health insurance was eliminated in the federal tax overhaul passed by Congress.
Holiday selling season good for drug chains
Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4% and same-store sales advancing 1.8%.
SDM gears up to sell medical marijuana
Canada’s largest retail pharmacy, Shoppers Drug Mart (SDM), is set to become a licensed dispenser of medical marijuana, pending approval from Health Canada, the Canadian government’s department of public health.
How to make health care more efficient, effective
The U.S. health care system does not work well for patients or providers. We now pay twice as much as other developed countries for health care, and the Centers for Medicare & Medicaid Services (CMS) expects Americans will spend $1 out of every $5 on health care by 2025.
What’s ahead in grocery retail for 2018
In 2018, food retailers will be making the grocery shopping experience more convenient and engaging, veteran supermarket industry observer John Karolefski predicts.
Enhanced Hydroxycut app offers more weight-loss support
Weight-loss supplement brand Hydroxycut is serving up enhanced digital tools to help people better manage their weight control and fitness regimen. Iovate Health Sciences International Inc. said Friday that for 2018 it’s launching a new mobile app for personalized support on digital devices.
Lewis Drug opens new-concept store
Lewis Drug has opened a “next generation” store here designed to offer consumers the “highest level of convenience.” The 25,000-square-foot store, opened last month, is located at Minnesota Avenue and 37th Street and replaces the 27-year-old Southgate store just a few blocks away.
Henkel donates to NBC Today Show drive
Consumer products maker Henkel got into the holiday spirit this season with its participation in the 24th Annual NBC Today Show Toy Drive event.