The Jean Coutu Group has announced a share repurchase plan and a special onetime dividend to return as much as $502 million (Canadian) in cash to shareholders. The share repurchase offer covers 22 million Class A subordinate voting shares without par value, at a price of $18.50 per share.
Duane Reade is conducting a Halloween-themed social media marketing campaign to promote its store brand hosiery products. The “Boo-tiful Legs” contest calls for entrants to upload original photos of themselves wearing Duane Reade brand hosiery via a dedicated Facebook page.
Diplomat Specialty Pharmacy has rolled out a new brand identity that executives say helps take the company in a new direction.
The 2012-2013 flu season was the most severe in a decade, according to a new study from Walgreen Co. The report also reveals that many people delayed getting flu shots until November or even later, even though vaccine was available as early as August 2012.
Rexall Pharma Plus is once again making it convenient for Canadians to receive flu shots, offering vaccinations at all of its stores. People can get the shots at any Rexall store at any time, with no appointment needed.
Walgreen Co. is introducing a suite of financial services called Balance Financial that are integrated with its Balance Rewards customer loyalty card. The program has been designed to provide low-cost financial services to customers, including those without traditional bank accounts.
Not often does change disrupt the orderly nature of things in chain drug retailing to the degree that the recent personnel shifts at Walgreens have altered both the personnel roster at that drug chain and the priorities of the many constituencies with which the retailer interacts.
Recent events illustrate the high stakes involved in getting health care right.
Many retailers today are immersed in building multichannel capabilities. The multichannel wave has led to many good initiatives, making it easier for customers to interact with retailers across distinct channels, including fast-growing mobile channels. For example, A.T.
Dr. Brown’s has launched Healthy Wipes, a natural option for safely cleaning a baby’s mouth, nose and face, as well as pacifiers and bottles. Handi-Craft Co., maker of the Dr. Brown’s baby care brand, said Friday that the line includes Tooth & Gum, Nose & Face and Pacifier & Bottle wipes containing
The Food and Drug Administration has cleared a product label addition for Cialis, Eli Lilly & Co.’s drug for erectile dysfunction and symptoms of enlarged prostate.
Pharmacists are making a difference in helping people with diabetes better manage their condition, according to the the American Pharmacists Association Foundation.
Citing escalating levels of drug abuse, the Food and Drug Administration aims to reclassify hydrocodone to put tighter restrictions on the opioid pain reliever.
Ontario’s health minister helped Shoppers Drug Mart Corp. kick off the flu immunization season. Ontario Health Minister Deb Matthews is administered a flu shot from Shoppers Drug Mart pharmacist and associate-owner Hitesh Pandya.
Mallinckrodt plc has hired three new executives for its senior management team.
Coca-Cola Co.’s Dasani water brand is expanding its lineup with the new flavored Dasani Sparkling Water Beverage. The beverage giant said Thursday that the lightly carbonated Dasani Sparkling is unsweetened, calorie-free and infused with natural flavors.
