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Issue 02-14-2011

Shoppers Drug Mart searches for CEO as Schreiber exits

TORONTO — The announcement, made late last month, that Jürgen Schreiber was resigning from his position as president and chief executive officer of Shoppers Drug Mart (SDM) caught his colleagues, the pharmacy sector and the financial community by surprise. Jürgen Schreiber Though SDM had just recorded its first decline in quarterly earnings since the company

CVS Caremark leadership team evolves

WOONSOCKET, R.I. — CVS Caremark Corp. has moved up Larry Merlo’s succession to chief executive officer to March 1. Merlo, who has been president and chief operating officer of CVS Caremark since last May, was due to succeed Tom Ryan as chief executive at the company’s annual meeting this May. Ryan will remain nonexecutive chairman

NACDS ready for RxImpact Day

WASHINGTON — The centrality of pharmacists and pharmacies to the health and wellness of Americans — regardless of what happens with health care reform — will be highlighted in March at the third annual NACDS RxImpact Day on Capitol Hill. A day of grassroots advocacy on Capitol Hill, this year’s RxImpact initiative will take a

Idea of ‘well’ guides Walgreens’ business

CHICAGO — As it moves deeper into its second century in business, Walgreen Co. will become less of a retail drug store and more of a health and daily living store, chief executive officer Greg Wasson said at the company’s annual shareholders meeting here. “Our intent is to own outright the strategic territory of ‘well,’

Top merchant appointed at Walmart

BENTONVILLE, Ark. — Duncan Mac Naughton has been promoted to chief merchandising officer for Walmart’s U.S. stores. With the move, Mac Naughton will now oversee all product categories across the discount store giant’s more than 3,700 stores. Mac Naughton’s promotion follows the appointment of Mark Larsen as vice president of home and apparel planning, pricing

Health care reform still being contested

WASHINGTON — Congress and the courts, like the American public, remain divided on the health care reform law. Although the Republican-controlled House voted to overturn the measure, Democrats have ruled out the possibility of a repeal vote in the Senate. President Obama has asked legislators to “fix what needs fixing and move forward” rather than

Drugstore.com shop opens on Facebook

BELLEVUE, Wash. — Drugstore.com is looking to turn its Facebook fans into shoppers. Late last month drugstore.com and sister site Beauty.com launched a virtual store on the popular social media portal. According to social commerce solution provider Adgregate Markets, whose secure ShopFans technology powers the store, drugstore.com is the first major health and beauty care

Kinney slates Rx collection days

GOUVERNEUR, N.Y. — Kinney Drugs has scheduled medicine collection days this month and in March. The events, which are slated for the last Saturday of each month, will collect unused or expired noncontrolled prescription medications, ensuring their proper disposal and preventing accidental poisonings, substance abuse and environmental pollution. Only noncontrolled prescriptions are accepted, along with

Winter Rewards offered by Rite Aid

CAMP HILL, Pa. — Members of Rite Aid Corp.’s wellness+ program can earn a “$20 +UP Reward” and be automatically entered into a sweepstakes featuring over $100,000 in prizes as part of the retailer’s Winter Rewards program. Customers can earn the reward — which prints at the bottom of a register receipt and is redeemable

NACDS introduces a ‘guide on the go’

ALEXANDRIA, Va. — The National Association of Chain Drug Stores has launched NACDS Mobile, a mobile web site that serves as a “guide on the go” to the organization’s meetings, advocacy and public relations. The site, http://m.NACDS.org, is designed for ease of use on any smartphone with a web browser. Features of NACDS Mobile include

Walgreens strengthens its leadership team

DEERFIELD, Ill. — Walgreen Co. has promoted several executives and created a new position in its upper management ranks. Among those promoted was senior vice president of e-commerce Sona Chawla, who has been elevated to president of e-commerce. “Under Sona’s visionary leadership we have made extraordinary progress in our online, mobile and e-commerce capabilities,” president

Walmart pushes healthy food

BENTONVILLE, Ark. — With a growing number of the industry’s largest drug chains putting more emphasis on food, last month’s announcement by Walmart that it will reduce salt and sugar in its processed products in the next five years and lower the price of its fruit and vegetables is likely to be a game changer.