Robust pharmacy and front-end business lifted revenue and earnings at Shoppers Drug Mart (SDM) for the fiscal 2010 first quarter. The Canadian drug store chain said Wednesday that for the first quarter ended March 27, sales rose 5.7% to $2.
Rite Aid Corp. reported a dip in same-store sales for April after seeing improved results in the previous month. The drug store chain said Thursday that same-store sales for the four weeks ended April 24 fell 1% from a year earlier. The company had posted flat same-store results in March after
Costco Wholesale Corp. executive Charles Burnett and former Schering-Plough Consumer Health Care chairman Stanley Barshay received the chain drug industry’s highest honors last night at the 2010 National Association of Chain Drug Stores Annual Meeting.
The Jean Coutu Group posted increases in sales, earnings and operating results for its fiscal 2010 fourth quarter and full year. The Canadian drug store chain said Wednesday that sales for the fourth quarter ended Feb. 27 rose 4.9% year over year to $637 million (Canadian) from $607.2 million.
Winn-Dixie Stores Inc. has introduced WD RxConnect Translate, a language translation service, at select in-store pharmacies across its Southeast market area.
The National Association of Chain Drug Stores Foundation has announced seven new members for its board of directors.
Pointing to the impact on state budgets, the National Association of Chain Drug Stores has called on members of Congress to continue the increase to the Federal Medical Assistance Percentage (FMAP).
GlaxoSmithKline Consumer Healthcare has launched a Nicorette mini-sized anti-smoking lozenge, which is designed to dissolve up to three times faster than other stop-smoking lozenges.
Bayer Diabetes Care has introduced the Didget blood glucose monitoring system for children.
Takeda Pharmaceuticals North America Inc. has rolled out Dexilant (dexlansoprazole) delayed-release capsules, for the treatment of heartburn and related ailments, to pharmacies in the United States. Dexilant is available in 30 mg and 60 mg capsules, Takeda said Monday.
Procter & Gamble Co.’s Venus women’s shaving brand has added new disposable and refillable razors and an in-shower moisturizer and bikini trimmer to its product lineup.
The National Association of Chain Drug Stores elected CVS/pharmacy president Larry Merlo as NACDS chairman and named new officers, a new Executive Committee member and three new board members at the 2010 NACDS Annual Meeting. Merlo, who also is executive vice president at CVS Caremark Corp.
For the past 12 months the National Association of Chain Drug Stores and its president and chief executive officer, Steve Anderson, have been actively engaged in fighting on the front lines in the battle over health care reform.
The biggest retailers got stronger, but all in all the chain drug sector turned in an impressive performance in 2009. CVS Caremark Corp.
Leaders of the National Association of Chain Drug Stores underscored the group’s value to members and its ability to influence public policy by communicating pharmacy’s and suppliers’ work to improve lives and society in remarks at the 2010 NACDS Annual Meeting.
Rite Aid Corp. plans to deploy Dream Machine bottle and can recycling kiosks as part of a recycling initiative by PepsiCo and Waste Management Inc. The drug store chain is one of the first national retailers to sign on to the program, starting with 150 kiosks in its North Carolina locations. Under
