At bottom, Shewmaker was a great retailer
Jack Shewmaker’s sudden death in mid-November, the result of a massive heart attack at his home in Bentonville, Ark.
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Once again, Walmart impacts health care
New evidence of Walmart’s ability to influence the development of the health care market emerged last month when UnitedHealthcare and its Prescription Solutions division teamed up with Kroger Co. and Safeway Inc.
Walmart veteran named CVS/pharmacy president
CVS Caremark Corp. has appointed Hank Mullany as president of CVS/pharmacy, taking over that role from president and chief operating officer Larry Merlo. The drug store and pharmacy benefit management company said Friday that Mullany will take the reins as CVS/pharmacy president on Dec 6.
Prestige Brands names new CFO
Ron Lombardi has been appointed chief financial officer of over-the-counter health and household products marketer Prestige Brands Holdings Inc. Prestige Brands said late Thursday that Lombardi will take over the CFO post on Dec. 6.
Merck to acquire SmartCells
Merck & Co. has unveiled an agreement to buy SmartCells Inc., a private company developing a unique technology for the treatment of diabetes. Under the deal announced Thursday, Merck said it plans to acquire all outstanding stock of Beverly, Mass.-based SmartCells.
Endo closes deal to buy Qualitest
Endo Pharmaceuticals said this week that it has completed its acquisition of generic drug maker Qualitest Pharmaceuticals. Endo had announced in late September that it entered into an agreement to acquire Qualitest for about $1.2 billion in cash.
Shoppers Drug Mart event ramps up loyalty savings
This weekend, Shoppers Drug Mart Corp. plans to step up the savings for customers in its Shoppers Optimum loyalty card program. The Canadian drug store chain said that on Dec.
Walgreens sees a rebound in same-store sales
Helped by calendar day shifts and solid pharmacy business, Walgreen Co. turned in a comparable-store sales gain in November after experiencing a decrease the previous month. The drug chain said Friday that same-store sales for November (excluding the acquired Duane Reade stores) rose 3.2%.
United Supermarkets serves up discounted flu shots
Food and drug retailer United Supermarkets this weekend plans to begin offering discounted flu shots in recognition of National Influenza Vaccination Week.
Kodak rolls out fit-to-frame photo kiosks at CVS
Eastman Kodak Co. has introduced its new PYNK Smart Print System photo kiosks at 5,000 CVS/pharmacy stores nationwide.
Same-store sales down at Rite Aid in November
Rite Aid Corp. saw same-store sales slip in November versus a year ago, as soft cold and flu-related business continued to affect results. The drug store chain said Thursday that for the five weeks ended Nov. 27, overall same-store sales fell 1.3%. That was better than the 1.7% decrease recorded in
Carmex introduces limited-edition flavors at Walgreens
Carma Laboratories Inc., the maker of Carmex lip balm, has unveiled two limited-edition flavors, Carmex Lime Twist and Carmex Vanilla Click Sticks.
NACDS Foundation dinner raises $1.76 million
The National Association of Chain Drug Stores Foundation’s 12th annual dinner generated contributions totaling $1.76 million.
Watson ships ella emergency contraceptive to pharmacies
Watson Pharmaceuticals Inc. announced that its oral emergency contraceptive, ella (ulipristal acetate 30 mg) is now available by prescription in the United States.
BioScrip appoints new CFO
David Froesel has been named executive vice president, chief financial officer and treasurer at BioScrip Inc. The pharmacy services company said Wednesday that Froesel takes over the CFO post effective immediately.
Drugstore.com calls Cyber Monday its ‘biggest day ever’
Drugstore.com reported that Cyber Monday set a new one-day record for the company in terms of the number of customer orders. The online health, beauty and vision retailer said late Tuesday that in addition to record order levels on drugstore.com and Beauty.