When asked what motivates him, Stefano Pessina, the driving force behind the creation of Walgreens Boots Alliance (WBA), says simply, “I like to build things.” The understated elegance of the response typifies the man, but it underplays the magnitude of his achievement.
For 2015, the editors of Chain Drug Review have chosen to give the publication’s annual Retailer of the Year honors to two chain drug retail industry leaders: Stefano Pessina, executive vice chairman and CEO of Walgreens Boots Alliance Inc., and the management team at Rite Aid Corp.
Walgreens and Valeant Pharmaceuticals International Inc. have inked a distribution deal that will cut prices of Valeant prescription products at Walgreens by 10%, and may be extended to independent retail pharmacies.
CVS Health Corp. has completed the acquisition of Target Corp.’s pharmacy and clinic businesses, making CVS the No. 1 drug chain by store count and sales. With the closing of the $1.
Rite Aid Corp. stockholders will vote next month on the company’s merger with Walgreens Boots Alliance (WBA). Rite Aid has scheduled a February 4 special stockholders meeting for the balloting. Stockholders as of the close of business on December 18 will be eligible to vote.
CVS Health has raised the midpoint of its earnings outlook for 2016 and reiterated its five-year steady state targets. The company now expects next year’s adjusted earnings per share to range from $5.73 to $5.88, reflecting solid year-over-year growth of 11.25% to 14.25%.
Drug chains were not immune to the shift in holiday shopping away from brick-and-mortar retailing, as sales growth barely exceeded 4%. That was down from last season’s 4.4% advance in holiday retail sales, and well off the 5.4% gain of five years ago. Same-store sales were up 1.
John Boehner, the former Speaker of the U.S. House of Representatives, will deliver the keynote address at the 2016 NACDS Annual Meeting. The National Association of Chain Drug Stores said that Boehner (R.
Republican opponents of President Obama’s health care law may do better by dismantling the Affordable Care Act piece by piece.
U.S. Department of Health and Human Services (HHS) Secretary Sylvia Burwell stopped at an H-E-B grocery store here, where she drew attention to the December 15 enrollment deadline for consumers who wanted their health insurance plans to become active on January 1.
Walmart has named a new chief marketing officer to take the place of the outgoing Stephen Quinn.
Although pharmacists scored high, nurses topped Gallup’s Honesty and Ethics of Professions rankings for 2015, a feat that they have accomplished every year but one since they were added to the list in 1999.
Walmart knows customers want to save not just money but also time. To meet that customer need, the retailer has introduced Walmart Pay — “a fast, easy and secure way for customers to pay with their smartphones in Walmart stores.
A bipartisan group of congressional representatives is urging that retail pharmacists play a part in a new initiative designed to improve the use of medication therapy management in Medicare.
Diplomat Pharmacy Inc. has been awarded full Specialty Pharmacy reaccreditation by URAC, a Washington, D.C.-based health care accrediting organization that establishes quality standards for the health care industry. Diplomat has been fully accredited for specialty pharmacy since 2012.
In many significant ways, the chain drug store business looks very different at the start of 2016 than it did a year ago.
