Introductions of new generic drugs helped boost profits at CVS Caremark Corp. for the second quarter as the company exceeded Wall Street’s earnings forecast by a penny. CVS said Tuesday that for the second quarter ended June 30, income from continuing operations attributable to CVS Caremark rose 15.
Little has changed in the makeup of the top pharmacy retailers over the past year, but competition is sure to keep intensifying amid the changes being brought by health care reform.
The Mentholatum Co. has extended its Softlips lip balm line with Softlips Intense Moisture.
Revlon Inc. plans to buy The Colomer Group (TCG), a beauty care company focused on the professional salon channel, in a $660 million cash deal. Revlon said Monday that it expects to close the transaction in the fourth quarter, pending customary closing conditions and regulatory approvals.
Duracell has launched Quantum, which it bills as its most advanced alkaline battery and the brand’s " biggest innovation since CopperTop." The new Quantum battery sports the PowerCheck power indicator.
Comparable-store sales at Walgreen Co. rose sharply in July, as the return of Express Scripts drug plan members continued to fuel the drug chain’s improving pharmacy results. Walgreens said Monday that comp-store sales advanced 6.3% for July, reflecting a positive impact of 1.
The market reacted enthusiastically to last month’s joint announcement that Loblaw Cos. would acquire Shoppers Drug Mart for $12.4 billion (Canadian). SDM shares immediately rose 24%, close to the value of the offer.
Executives at Loblaws and Shoppers Drug Mart see the union of their companies as enhancing their efficiency and their appeal to the consumer. “This transformational partnership changes the retail landscape in Canada,” Loblaws executive chairman Galen Weston said.
Steve Courtman, president of Health Mart, the 3,126-store pharmacy franchise run by McKesson Corp., is confident the retailer has what it takes to flourish in an environment where the rules that have long governed health care delivery are in the process of being rewritten.
The Jean Coutu Group’s decision last month to sell its remaining Rite Aid Corp. stock has led some industry watchers to speculate that the company may be either looking to acquire another Canadian retailer or put itself on the block. After Coutu announced on July 17 that it would dispose of the
The proportion of pharmacy customers who say they have a loyalty card or discount card or have been offered one was up significantly in the 2013 edition of the Pharmacy Satisfaction Pulse survey, conducted for Boehringer Ingelheim Pharmaceuticals Inc.
The Obama administration’s decision to delay an Affordable Care Act (ACA) mandate that large employers provide coverage for workers is a “wise move,” said a top official with the National Retail Federation (NRF).
The moment has arrived: Twenty-seven months after the National Association of Chain Drug Stores announced the creation of the Total Store Expo, the event is here. Unprecedented in scale and scope, the gathering kicks off this weekend, on Saturday, August 10, at Sands Expo and Convention Center here.
The three major drug chains have banned sales of the August issue of Rolling Stone magazine, which pictures accused Boston Marathon bomber Dzhokhar Tsarnaev on its cover. CVS/pharmacy, Walgreen Co. and Rite Aid Corp.
Walgreen Co. has named Mark Lelinski corporate vice president of market access.
or, for that matter, any other retail trade organization — is finally upon us. The result is that some 5,200 people — a group that includes the NACDS board — are descending on Las Vegas to meet, talk,
