Rounding out the year on an up note, the chain drug industry turned in solid revenue and same-store sales gains in 2010. Industry sales volume climbed 5.4% year over year to $238.3 billion in 2010, with same-store sales edging up 2.
Smartphones and other digital technologies have a role to play in making drug therapies and other health care services more effective, chain drug retailers say. Walgreen Co. has developed mobile applications for iPhone, Android and Blackberry devices, the company’s chief medical officer, Dr.
CVS Caremark Corp. agreed late last month to acquire the Medicare Part D business of Universal American Corp. However, some say the pending $1.25 billion deal for the Rye Brook, N.Y.-based company could open CVS up to further charges of engaging in anticompetitive practices.
A strong finish helped the chain drug industry post solid sales for 2010. Industry sales volume advanced 5.4% for the year to $238.3 billion, with same-store sales climbing 2.6%, according to research by Racher Press, the publisher of Chain Drug Review.
CVS/pharmacy has launched what it says is the industry’s first beauty club program. Unveiled during the People’s Choice Awards television broadcast earlier this month, the opt-in ExtraCare Beauty Club is an extension of the chain’s ExtraCare loyalty program launched in 2001.
Rite Aid Corp. is encouraging its customers to use their wellness+ cards by giving them a chance to win an array of prizes. Through January 22, shoppers who use the Rite Aid loyalty card will be automatically entered into a sweepstakes for a chance to win a vacation, fitness equipment, personal
Two recent studies from CVS Caremark Corp. and a call from the National Association of Chain Drug Stores for further research into the matter are helping to draw attention to the importance of medication adherence.
The battle over the health care reform bill President Obama signed into law last spring continues, with incoming Republicans in the House vowing to undo the law. An out-and-out repeal of the health care reform law, which House Republicans aim to push for, seems unlikely.
Health care spending in the United States increased by 4% in 2009, the slowest rate of growth in 50 years, a government report released this month shows.
or not — to happen in the chain drug retailing arena in 2011. • The National Association of Chain Drug Stores will finally begin to address some of the issues that have kept the organization from realizing its potential to fully dominate the retail trade association arena. As a
Aside from the necessary toiletry items, when most teenage girls go into the beauty isle of a store they are usually looking for nail polish.
Rock singer Gwen Stefani has been named as a global brand ambassador by L’Oreal Paris.
Novo Nordisk has gone live with Cornerstones4Care, a highly customizable online support program for people with diabetes.
The Hershey Co. is offering football fans the chance to win a trip to the Pro Football Hall of Fame with the Hershey’s Pro Football Hall of Fame Sweepstakes. The chocolate maker said fans who visit hersheys.com/halloffame through Feb.
With 2011 now here, chain drug retailers across North America are encountering many of the same challenges that they did a year ago. Executives at U.S. and Canadian drug store chains said that as the new year rolls forward, they expect to see more signs that an economic recovery is under way
As health care reform gets deeper into the implementation phase, pharmacy advocates have mixed feelings about how the new dynamics will impact community pharmacies and the companies that supply them.
