Denton named CVS Caremark’s chief financial officer
David Denton has been promoted to executive vice president and chief financial officer at CVS Caremark Corp., succeeding David Rickard, who is retiring.
CDR
Strong Rx business drives 3Q gains at CVS Caremark
Sharp growth in pharmacy business fueled hefty revenue and earnings gains for CVS Caremark Corp. in the third quarter. The drug store chain and pharmacy benefit manager said Thursday that net sales for the quarter ended September 30 surged 18.1% to $24.6 billion from $20.9 billion a year earlier.
CVS Caremark appoints PBM marketing executive
Len Greer has been named senior vice president of marketing for CVS Caremark Corp.’s pharmacy benefit management business.
Walgreens to start offering H1N1 vaccines this week
Walgreen Co. this week plans to start providing shots for the H1N1 "swine flu" virus at stores in the Salt Lake City area. The drug store chain said that it will begin offering H1N1 injectable vaccines at 18 pharmacies throughout Salt Lake County on Thursday.
Duane Reade takes positive but cautious outlook
Despite a rise in sales and improved earnings in the third quarter, Duane Reade Inc. tempered its outlook for fiscal 2009. In reporting quarterly results on Tuesday, the drug store chain shaved its retail sales forecast for the year to between $1.758 billion and $1.
MinuteClinic becomes Blue Cross Blue Shield provider in Okla.
MinuteClinic, the retail health clinic subsidiary of CVS Caremark Corp., has become a participating provider with health insurer Blue Cross and Blue Shield of Oklahoma.
Johnson & Johnson to pare workforce
As part of a restructuring, Johnson & Johnson plans to eliminate up to 7% of its global workforce, or roughly 8,200 jobs. The health care products giant, which has 117,000 employees worldwide, said Tuesday that it’s targeting job cuts in the range of 6% to 7% as it looks to sharpen
Sales up, loss down in third quarter at Duane Reade
Retail sales climbed in the third quarter at Duane Reade Holdings Inc., which also posted a smaller net loss due to improved operating results. The metropolitan New York drug store chain said Tuesday that net retail store sales for the 13 weeks ended September 26 rose 3.7% year over year to $429.2
Walgreens’ front-end sales revival continues in October
Walgreen Co. saw same-store sales rise in October as front-end business continued to rebound amid a strong gain in overall revenue. Comparable-store sales for the month climbed 4.9%, the drug store chain said Tuesday. That increase was slightly less than the 5.
American Greetings rolls out cards with music CDs
American Greetings Corp. is introducing cards that include a CD containing a mixed compilation of popular music. The greeting cards giant said Monday that the new CD compilation cards combine both a gift and a message.
Walgreens plans diabetes wellness clinics
This month, Walgreen Co. is set to host its first Diabetes Wellness Events at more than 1,500 drug stores nationwide. The retailer said Monday that the events, held in recognition of American Diabetes Month, are scheduled for Nov. 9 to 13 and Nov. 16 to 20 at most 24-hour Walgreens locations. Plans
CVS Caremark extends pact with Blue Cross Blue Shield FEP
CVS Caremark Corp. has extended its retail pharmacy benefit services contract with the Blue Cross and Blue Shield Governmentwide Service Benefit Plan, also known as the Federal Employee Program (FEP).
Roundy’s to buy in-store pharmacies from Aurora
Roundy’s Supermarkets Inc. plans to acquire all pharmacies operated by Aurora Health Care in its Pick ‘n Save and Copps supermarkets in Wisconsin. The grocery retailer and wholesaler said it expects to begin operating the 20 pharmacies next month, pending regulatory approvals.
CVS goes live with enhanced photo web site
CVS Caremark Corp. has relaunched its photo web site, adding new features and products as well as boosting its performance. The drug store chain said Monday that the enhanced CVSPhoto.com site features faster upload speeds along with improved site navigation and product creation tools.
Health Enterprises unveils custom molded earplugs
Health Enterprises Inc. is expanding its line of hearing protection offerings with the Pro-Fit and Swim-Fit Custom Molded Earplugs. Both products enable consumers to easily form a custom molded earplug to fit the unique contour of their ear within 10 minutes, according to the company.
Kinney Drugs honors key business partners
Regional chain Kinney Drugs recognized key suppliers in announcing the winners of its 2009 Vendor Awards of Excellence. The retailer on Friday said the awards, presented at the recent Fall Management Conference and Trade Show in Verona, N.Y.