In its latest step to hoist the visibility of its brand, Duane Reade Inc. this week introduced The Duane Reader, a print publication that highlights hundreds of new products — notably store brands — designed to meet the needs of busy New Yorkers. The drug store chain said Monday that the initial
Start-up Blacksmith Brands Inc. has wrapped up its acquisition of five over-the-counter consumer products brands from McNeil-PPC Inc. and unveiled a partnership with The Emerson Group.
Kerr Drug has appointed 919 Marketing as its marketing agency of record. The marketing, consulting and public relations firm said the deal expands the existing partnership between the two North Carolina companies.
CVS Caremark Corp. expects disappointing results for its pharmacy benefits management business next year, based on the loss of a net of $4.8 billion in contracts.
Aurora Pharmacy has inked deals to sell 30 of its pharmacies, a move that marks the end of its supermarket prescription drug business. The company, a subsidiary of health system Aurora Health Care, this week said it plans to sell 20 supermarket pharmacies to Roundy’s Supermarkets Inc.
The National Association of Chain Drug Stores is urging Congress to pass a pair of bills designed to help combat organized retail crime.
IMS Health has agreed to be acquired by investment funds managed by financial firms TPG Capital and the CPP Investment Board in a $5.2 billion deal.
David Denton has been promoted to executive vice president and chief financial officer at CVS Caremark Corp., succeeding David Rickard, who is retiring.
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.
Len Greer has been named senior vice president of marketing for CVS Caremark Corp.’s pharmacy benefit management business.
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.
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, the retail health clinic subsidiary of CVS Caremark Corp., has become a participating provider with health insurer Blue Cross and Blue Shield of Oklahoma.
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
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
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.
