Holiday selling season good for drug chains
Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4% and same-store sales advancing 1.8%.
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Dimos selected to oversee Health Mart for McKesson
McKesson Corp. announced two key personnel moves, including the promotion of Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health.
SDM gears up to sell medical marijuana
Canada’s largest retail pharmacy, Shoppers Drug Mart (SDM), is set to become a licensed dispenser of medical marijuana, pending approval from Health Canada, the Canadian government’s department of public health.
Arbor Drugs’ Eugene Applebaum dies at age 81
Eugene Applebaum, who built his Dearborn, Mich., pharmacy into a major regional drug store chain called Arbor Drugs, passed away last month in his home at the age of 81. Applebaum made a name for himself as an entrepreneur, growing the Arbor Drugs chain from a single store, Civic Drugs, opened
How to make health care more efficient, effective
The U.S. health care system does not work well for patients or providers. We now pay twice as much as other developed countries for health care, and the Centers for Medicare & Medicaid Services (CMS) expects Americans will spend $1 out of every $5 on health care by 2025.
Supplement OWL ‘raises the bar’ for category
The Supplement Online Wellness Library (OWL) — a dietary supplement product registry developed by the Council for Responsible Nutrition (CRN) and launched in spring 2017 — is an industrywide self-regulatory initiative that aims to create a more complete picture of the dietary supplement market for r
What’s ahead in grocery retail for 2018
In 2018, food retailers will be making the grocery shopping experience more convenient and engaging, veteran supermarket industry observer John Karolefski predicts.
Enhanced Hydroxycut app offers more weight-loss support
Weight-loss supplement brand Hydroxycut is serving up enhanced digital tools to help people better manage their weight control and fitness regimen. Iovate Health Sciences International Inc. said Friday that for 2018 it’s launching a new mobile app for personalized support on digital devices.
Lewis Drug opens new-concept store
Lewis Drug has opened a “next generation” store here designed to offer consumers the “highest level of convenience.” The 25,000-square-foot store, opened last month, is located at Minnesota Avenue and 37th Street and replaces the 27-year-old Southgate store just a few blocks away.
Henkel donates to NBC Today Show drive
Consumer products maker Henkel got into the holiday spirit this season with its participation in the 24th Annual NBC Today Show Toy Drive event.
Diplomat wraps up acquisition of LDI
Diplomat Pharmacy Inc. has closed its $595 million acquisition of pharmacy benefit manager LDI Integrated Pharmacy Services. With the completion of the cash-and-stock deal, Diplomat also announced that it has obtained $800 million in senior secured credit facilities.
Clavis Insight acquired by Ascential
Clavis Insight, an e-commerce specialist serving product manufacturers, is being acquired by Ascential plc, an international, business-to-business information company. Financial terms of the agreement weren’t disclosed.
Fruth Pharmacy steps up fight against drug abuse
Sens. Joe Manchin (D.) and Shelley Moore Capito (R.) of West Virgina helped Lynne Fruth, president of Fruth Pharmacy, launch the Bridge of Hope Fund, aimed at fighting the drug abuse epidemic.
NACDS stresses ‘total’ in Total Store Expo
The National Association of Chain Drug Stores is emphasizing the “Total” in its centerpiece Total Store Expo conference and trade show as it gets prospective attendees thinking about the 2018 event.
CVS-Aetna augurs new health care experience
The pending $69 billion acquisition of Aetna by CVS could yield valuable lessons for others in the health care and drugstore sectors as they seek to forge stronger ties to consumers.