Energizer to buy Spectrum Brands’ battery business for $2B
Energizer Holdings Inc. plans to acquire the global battery and portable lighting business of Spectrum Brands Holdings Inc. for $2 billion in cash.
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Albertsons Cos. COO Wayne Denningham to retire
Wayne Denningham, president and chief operating officer of Albertsons Cos., plans to retire near the end of the company’s fiscal year. Wayne Denningham Albertsons also said Tuesday that it has named Susan Morris as executive vice president and chief operations officer.
Reports: Walmart to cut 1,000 headquarters jobs
Walmart plans to cut 1,000 or more jobs, mainly at its headquarters, according to published reports. The Walmart job cuts are expected to be enacted by the end of the company’s current fiscal year on Jan. 31, according to The Wall Street Journal.
CVS raises transparency in beauty marketing
CVS Health is bringing more transparency to beauty care marketing with the introduction of the CVS Beauty Mark, a watermark highlighting imagery that hasn’t been materially altered.
Strategy to build a new Rite Aid takes shape
Rite Aid Corp. president and chief operating officer Kermit Crawford said he’s confident the company “will succeed in building the new Rite Aid” following its $4.375 billion asset sale to Walgreens Boots Alliance (WBA).
CVS Health unveils outlook for fiscal 2018
CVS Health executives expressed confidence in the company’s growth strategy earlier this month, and also noted that the recently passed tax overhaul packaged should boost its cash flow by an estimated $1.2 billion.
ACA enrollment remains steady
Nearly 9 million people signed up for health insurance in the Affordable Care Act’s latest open enrollment period, despite the Trump administration having cut its duration in half. The 8.
Regional chains don’t settle for status quo
With the National Association of Chain Drug Stores gearing up for its annual NACDS Regional Chain Conference, which will run from February 4 through February 6 in Fort Lauderdale, Fla., it is a good moment to appraise that segment of the community pharmacy industry.
Patients, not PBMs, should choose pharmacy
In recent testimony before the House of Representatives Energy and Commerce Subcommittee on Health, National Community Pharmacists Association (NCPA) chief executive officer B.
Sam’s Club to shut 63 stores
Sam’s Club plans to close 63 of its U.S. outlets in the next few weeks. The Walmart warehouse club chain said Thursday that the move will leave it with 597 locations, most of which also house pharmacies.
KISS gets word out about lash innovations
KISS Products Inc. has blended innovation and social media savvy to drive market share in the booming eyelash category. KISS said it has climbed to No. 1 in the U.S. false eyelash segment in terms of dollar and unit sales, based on Nielsen market data. The company attributes its growth
In Canada, pharmacy aims to bolster health care role
Heading into 2018, the Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) has become the acknowledged leader and advocate for our members across Canada.
Rite Aid sounds call for vaccinations as flu season peaks
Heightened influenza activity nationwide has prompted Rite Aid Corp. to spotlight its pharmacies as a convenient destination to get vaccinated for the flu. Rite Aid said Thursday that the Centers for Disease Control and Prevention (CDC) reports widespread flu activity in 46 states.
Jean Coutu retail network sales climb in 3Q
Retail network sales rose in the fiscal 2018 third quarter at the Jean Coutu Group, which posted declined corporate sales and earnings. On Thursday, the company also reaffirmed the closing timetable for its acquisition by Canadian food and drug retailer Metro Inc. The $4.
Business guru Jim Collins to speak at NACDS Annual Meeting
The National Association of Chain Drug Stores has tabbed best-selling author and business consultant Jim Collins as a keynote speaker for the 2018 NACDS Annual Meeting.