As the year nears its end, surprises continue to make news in chain drug retailing. Mostly, negative surprises. Earlier this month, CVS downsized its headquarters staff by some 600 employees, stopping for a moment the retailer’s uninterrupted string of good news.
The Food Marketing Institute’s recent cancellation of FMI Connect, the trade show that had been scheduled for McCormick Place in Chicago next June, raises some interesting questions about the value and long-term viability of such events.
The increasing complexity of today’s consumer is making it ever more difficult to tailor stores to shoppers, retailers and suppliers said at the 2016 Chain Drug Review Category Management Roundtable in Manhattan.
CutisPharma has opened a new research-and-development center in Woburn, Mass., to house the specialty pharmaceutical company’s expanding R&D team.
Walgreens has entered an agreement to become the retail pharmacy provider for northeastern Florida health system Baptist Health. Plans call for Baptist Health’s retail pharmacy operations to open under Walgreens’ ownership at Baptist Medical Center Jacksonville in early January.
Ralphs Grocery Co. this week began offering free blood glucose tests to help customers assess their risk for diabetes. The Los Angeles-area supermarket chain, part of The Kroger Co., is providing the glucose tests at its 80 in-store pharmacies through Nov. 20.
Taking medication efficacy and safety to an individual level, Fruth Pharmacy plans to offer the Rxight pharmacogenetics program from MD Labs.
Walmart’s third quarter earnings beat analysts’ expectations, but its sales fell slightly short, dampened by food deflation and unfavorable foreign exchange rates. The company earned $3.03 billion, or 98 cents a share, during the quarter, down from $1.03 per share a year ago.
Kimberly-Clark Corp. has promoted Michael Hsu, group president for North American consumer products, to president and chief operating officer. Michael Hsu Kimberly-Clark said Hsu is slated to join the board of directors effective Jan. 1.
The American Cancer Society and the CVS Health Foundation have awarded grants to 20 U.S. colleges and universities through their Tobacco-Free Generation Campus Initiative (TFGCI). The $3.
Rite Aid Corp. is providing extra incentive for American Express cardholders to shop in its stores.
Target Corp. on Wednesday posted fiscal third-quarter profits and sales that exceeded expectations. The retailer also raised its forecast for fourth-quarter sales and full-year earnings. Target earned $1.04 per share in the third quarter on sales of $16.4 billion.
The nutritional supplement maker NBTY Inc. is changing its name to The Nature’s Bounty Co. to better communicate its health and wellness focus to consumers.
PharmaSmart International Inc., a leading manufacturer of validated health screening kiosks and digital health services, has announced that its DataSmart Health Database now houses results from over 50 million individual biometric screening sessions.
The Consumer Healthcare Products Association (CHPA) Educational Foundation held its inaugural gala Monday night in Manhattan’s iconic Rainbow Room at 30 Rockefeller Plaza.
Amazon.com Inc. has launched free two-hour delivery of products from Bartell Drugs, the first drug chain included in the service. Prime Now members in Greater Seattle can now shop for thousands of health and beauty aids and groceries, including locally sourced products, from Bartells.
