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Walgreens doubles size of stock buyback plan

Walgreens doubles size of stock buyback plan

Walgreen Co. has unveiled a new $2 billion share repurchase program, twice the size of its existing plan. The drug store chain said Thursday that its board of directors has authorized the new program, which expires at the end of 2013 and replaces the previous $1 billion plan that was due to

Walmart.com to offer H&BAs

Wal-Mart Stores Inc. has begun selling a wide assortment of H&BAs and personal care products online. Thousands of top-selling nationally branded items have been added to Walmart.com’s selection. The shipping fee is 97 cents per item.

Congress agrees to delay start of new DME regs

Though community pharmacy groups praised Congress’ decision last week to delay the accreditation deadline for pharmacies providing durable medical equipment (DME) under Medicare, they continue to seek an exemption for drug retailers.

Another tough holiday sales season foreseen

Chain drug retailers may well escape the worst of what is expected to be a poor holiday sales season. Drug chains have been outperforming other trade classes, and demand for flu shots is expected to help sustain their momentum, notwithstanding generally gloomy forecasts for retailers overall.

Duane Reade ramps up brand efforts

Looking to solidify itself as New Yorkers’ drug chain of choice, Duane Reade Inc. has kicked off the second phase of a massive advertising campaign and launched an exclusive brand of food and beverages.

Riedl to retire from Walgreens

Riedl to retire from Walgreens

Drug store industry veteran George Riedl will leave Walgreen Co. at the end of the year. He currently serves as senior vice president of pharmacy innovation and purchasing for the retailer.

Thompson promoted by Rite Aid

Robert Thompson has been promoted to executive vice president of pharmacy at Rite Aid Corp. Thompson, 56, had been the retailer’s senior vice president of pharmacy operations.