Shoppers Drug Mart Corp. this week urged its stockholders to reject a mini-tender offer for just under 1% of the company’s outstanding common shares. The Canadian drug store chain said Monday that it has received a copy of an unsolicited, below-market mini-tender offer by TRC Capital Corp.
William Grize, former president and chief executive officer of The Stop & Shop Supermarket Co. and Ahold USA, died Tuesday night after a brief illness, according to the company. He was 63. Grize retired from the food and drug retail giant in 2005 after a career that spanned nearly four decades.
Walgreen Co. has entered a long-term accounting services agreement with Genpact, a specialist in business process management.
Navarro Discount Pharmacies has appointed Steve Kaczynski as its chief executive officer. The drug store chain said Wednesday that Kaczynski succeeds Marcio Cabrera, who was serving as the retailer’s interim CEO.
CVS Caremark Corp. has expanded the availability of H1N1 flu vaccine to more than 220 stores throughout the California. The drug store chain said Tuesday the H1N1 vaccination is now being provided at select CVS/pharmacy locations in 25 counties in southern, central and northern California.
In recognition of his leadership in a rapidly changing industry, the editors of Chain Drug Review have named Walgreen Co. senior vice president of pharmacy Kermit Crawford the Chain Drug Pharmacy Executive of the Year.
Pointing to a modest flu season and less seasonal business, Walgreen Co. posted a 0.3% decline in same-store sales for December. The decrease continued a deceleration in same-store revenue growth from the fall, with the drug store chain reporting gains of 3.9% in November, 4.9% in October and 5.
In just over a year as chief merchandising officer of Duane Reade Inc., Joe Magnacca has put his stamp on the chain in a way equaled by few other retailers. The newest and most recently remodeled Duane Reade stores are all but unrecognizable for New York City shoppers accustomed to older units
As the second decade of the 21st century gets under way, chain drug retailers across North America are being forced to grapple with a variety of issues critical to their future.
In what it calls a first, Rite Aid Corp. has launched a shopper rewards initiative dubbed "Rite Aid The Game of Life" in which customers have the chance to win $5 million in prizes. Similar to the popular board game, the program calls for customers to collect and match game pieces
Italian personal care manufacturer Corman has introduced the Organyc brand and new private-label feminine care lines in the United States.
Walgreen Co. said the H1N1 vaccine is now available daily at its more than 7,100 Walgreens pharmacies and 350 Take Care clinics nationwide.
Rite Aid Corp. saw same-store sales decrease in December as overall revenue came up short of year-ago results. Rite Aid said Monday that for the four weeks ended December 26, same-store sales fell 1.8% year over year.
GlaxoSmithKline Consumer Healthcare (GSK) has established several key sales, marketing and merchandising objectives for its retail partners in 2010 to capitalize on its Advantage Brands strategy, according to Mike McCormick, director of the initiative.
If, as someone once said, “timing is everything,” the timing of Valentine’s Day this year does not favor chain drug retailers.
Americans still seem relatively unconvinced that there will be dramatic economic improvement this year, and that attitude will continue to impact shoppers’ purchasing habits, according to consumer market researchers.
