Walmart: ‘Our people make the difference’
The spotlight was on Walmart’s workers, or associates, at the company’s annual shareholders meeting early this month here.
CDR
Dollar General tabs Vasos as CEO
Todd Vasos took over as chief executive officer of Dollar General Corp. on June 3, succeeding Rick Dreiling. Dreiling, 61, will remain as board chairman through January 29 and serve as a senior adviser until that date. Vasos, 53, had been chief operating officer at Dollar General since 2013.
Fruth to bring Rx to two FoodFair locations
Shoppers who buy groceries from FoodFair will soon have more convenient access to picking up their prescriptions as well. A new partnership will bring Fruth Pharmacy inside two FoodFair locations — in Pomeroy, Ohio, in mid-June and Grayson, Ky., in mid-July.
HHS’ myhealthfinder is featured by CVS
CVS Health is making an online health tool developed by the Department of Health and Human Services (HHS) available via the CVS/pharmacy and MinuteClinic websites.
Theriault succeeded by Roberts at WBA
Anthony Roberts has taken the reins as senior vice president and global chief information officer at Walgreens Boots Alliance Inc.
AmerisourceBergen to build three DCs
This summer, AmerisourceBergen Corp. plans to begin construction on three new distribution centers. The new facilities will be located in Olive Branch, Miss.; Shakopee, Minn.; and Newburgh, N.Y. AmerisourceBergen said building is expected take 18 to 24 months to complete.
ACA generates headlines in a variety of contexts
Some 13% of people who enrolled in health insurance plans this year under the Affordable Care Act have lost coverage, many because they failed to pay their share of premiums, the Obama administration reported. The number of people on the rolls as of March 31 stood at 10.2 million, down from the 11.
Giancamilli to serve as interim CEO of 99 Cents Only Stores
Former Katz Group head Andy Giancamilli has been named interim president and chief executive officer of 99 Cents Only Stores. Giancamilli, who was appointed chairman of the chain in April, replaced Stéphane Gonthier, who resigned.
Harvard Drug Group sold to Cardinal
Cardinal Health Inc. plans to acquire pharmaceutical distributor The Harvard Drug Group (THDG) from private equity firm Court Square Capital Partners for $1.12 billion. Based in Livonia, Mich.
NABP recognizes Rite Aid’s Podgurski
Mike Podgurski, vice president of pharmacy services at Rite Aid Corp., has been named 2015 honorary president of the National Association of Boards of Pharmacy (NABP).
Dollar Tree is divesting 330 stores
As part of gaining regulatory approval for its acquisition of Family Dollar Stores Inc., Dollar Tree Inc. has agreed to sell 330 stores to private equity firm Sycamore Partners.
AmerisourceBergen aligns resources with Rx
in Olive Branch, Miss.; Shakopee, Minn.; and Newburgh, N.Y. — to its distribution network, which handles some 35% of the pharmaceutical products sold in the United States. The multimillion-dollar investment to build and equip the warehouses will bring the amount of money the
Retail’s role deserves acknowledgement
the wrong kind of headlines. Some samples include the following: • CVS is being accused of targeting African-American and Hispanic shoppers as more likely to cause trouble than are Caucasian customers. • Walmart has reluctantly agreed to lower the temperature — by one degree
Big data as a disruptor in chain drug merchandising
As prescription drug revenue and profitability are threatened by the expanding share of generics and continued reimbursement pressures, many chain drug retailers are counting on improved front-of-store sales and profitability to counterbalance the declines. That goal faces several challenges.
Exclusive, niche brands loom large in beauty mix
The year 2014 will be remembered as one of discovery about the power of niche and exclusive beauty brands at retailers in the United States, and that momentum will increase well into the future.
Benzer Pharmacy eyes acquisitions to spur growth
Independent drug chain Benzer Pharmacy is looking to acquire more pharmacies to fuel its expansion. The Tampa, Fla.