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Former Actavis CEO to join Watson

Sigurdur Oli Olafsson, formerly chief executive officer of Actavis Group, is joining Watson Pharmaceuticals as executive vice president of global generics. Watson said Wednesday that Olafsson will start in the position on Sept. 1.

2Q sales surge at drugstore.com

2Q sales surge at drugstore.com

Drugstore.com saw total revenue jump in the 2010 second quarter, fueled by surging over-the-counter and beauty product sales. The online retailer said Wednesday that for the quarter ended July 4, sales climbed more than 27% to $113.1 million from $88.9 million a year earlier.

Shoppers Drug Mart loyalty program turns 10

Shoppers Drug Mart loyalty program turns 10

Shoppers Drug Mart Corp. is marking the 10th anniversary of its Shoppers Optimum loyalty program with special savings for customers and a series of promotions and events. The Canadian drug store chain said Wednesday that beginning Aug.

AmerisourceBergen exec gets promoted

AmerisourceBergen Corp. has promoted Barbara Brungess to vice president of corporate and investor relations. The pharmaceutical and health care distributor said Tuesday that the move is effective immediately. Brungess succeeds Michael Kilpatric, who is retiring on Dec.

Same-store sales flatten at Walgreens

Same-store sales flatten at Walgreens

Walgreen Co. turned in virtually flat same-store sales for July after seeing a slight rebound in the previous month. The drug store chain said Wednesday that comparable-store sales in July, which exclude the acquired Duane Reade stores, inched up 0.4%, down from a 2% gain in June.

Watson promotes global operations executive

Watson Pharmaceuticals has promoted Robert Stewart to executive vice president of global operations. Watson said Tuesday that Stewart, who joined the company in November 2009 as senior vice president of global operations, will continue to report to Paul Bisaro, president and chief executive officer.

Walgreens unveils flu shot gift cards

Walgreens unveils flu shot gift cards

Walgreen Co. is introducing a gift that keeps on giving: a flu shot gift card. The drug store chain on Tuesday said it’s rolling out a gift card for flu vaccinations as a way to help more Americans stay well throughout the upcoming flu season. Flu shot gift cards are available at

NYSE notifies Rite Aid of share price noncompliance

Rite Aid Corp. said the New York Stock Exchange has informed the company that the price of its common stock has fallen out of compliance with the exchange’s minimum share price listing rule. NYSE requires the average closing price of a listed company’s common stock to be at least $1 per share

NACDS highlights Pharmacy & Tech Conference agenda

The National Association of Chain Drug Stores 2010 Pharmacy & Technology Conference is less than a month away, with this year’s event set to kick off Aug. 28 at the San Diego Convention Center. NACDS said Tuesday that attendees of the Pharmacy & Tech conference, which runs to Aug. 31, will include

Rite Aid wellness+ members can chat online with pharmacists

Rite Aid Corp. is now enabling members of its wellness+ customer rewards program to chat online with a pharmacist. The drug store chain said Tuesday that the online chat, available toll-free on a 24×7 basis, is accessed through each wellness+ member’s account at www.riteaid.