Walmart alters supplier terms
Walmart will begin charging most of its suppliers new fees for stocking their products in new stores and for storing them in its warehouses.
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Target’s chief merchant steps down
Kathee Tesija is leaving her post as executive vice president and chief merchandising and supply chain officer at Target Corp., moving into an advisory role with the retailer.
Walgreens loyalty plan promotes health
Walgreen Co. says that its Balance Rewards for healthy choices (BRhc) program, which awards loyalty points for healthy behaviors and activities, is helping members lose weight and driving better medication adherence among participants with hypertension and/or diabetes.
Rite Aid finalizes the acquisition of EnvisionRx
Rite Aid has completed its acquisition of Envision Pharmaceutical Services from private investment firm TPG and other shareholders in a transaction valued at about $2 billion, including about $1.8 billion in cash, and around 27.9 million Rite Aid shares.
New digital innovation lab at CVS will focus on health
CVS Health has officially opened its Digital Innovation Lab, a facility focused on developing cutting-edge services and personalized capabilities for an accessible and integrated pharmacy and health experience. The lab will be a hub for the company’s rapidly growing digital team.
Diplomat buys specialty pharmacy
Diplomat Pharmacy Inc. has acquired Burman’s Specialty Pharmacy in an $82.8 million deal. Burman’s, based in Pennsylvania, is a provider of individualized patient care with a primary focus on hepatitis C.
CVS names de Greve chief marketing officer
CVS Health has hired Norman de Greve as its chief marketing officer, effective July 15. De Greve joins CVS from DigitasLBi, where for the past year he served as head of the company’s Boston-Detroit region.
McElligott joining McKesson as CIO
Kathy McElligott has been appointed executive vice president and chief information officer (CIO) and chief technology officer (CTO) at McKesson Corp.
CVS refuses to be satisfied with status quo
It was a very productive spring for CVS Health. Already performing at a level that made it the envy of most other retailers and health care providers, the company took a series of steps in May and June that will increase its chances of success in several burgeoning sectors of the marketplace.
Target-CVS deal to spur changes in Rx model
CVS’ announced intention to buy Target’s pharmacy and immediate care clinic businesses has stunned a mass retailing community already subject to numerous shocks this year.
New mission for retired military dogs
Five retired military dogs that spent years working in war zones are putting their noses to new uses by helping police in the U.S. combat methamphetamine and other drugs, thanks in part to financial support from Westport Pharmaceuticals.
Med sync program benefits are manifold
Medication synchronization programs offer patients far more than convenience and pharmacies much more than increased efficiency. Just ask the National Community Pharmacists Association.
Dr. Reddy’s launches new logo and identity
Dr. Reddy’s Laboratories has launched a new logo and new brand initiative under the theme Good Health Can’t Wait. The new logo is described as an expression of empathy and dynamism, which helps keep patients at the center of everything that Dr. Reddy’s does.
Rite Aid shows sales gains for June
Rite Aid Corp. posted a 2.4% same-store sales gain for June. Front-end comparable-store sales increased 0.3% over the prior-year period. Pharmacy same-store sales, which included a negative impact from new generic introductions of about 226 basis points, increased 3.4%.
Drug supply tracing deadline extended
Pharmacies have a four-month extension — until November 1 — to comply with the full scope of new dispenser tracing requirements under the Drug Supply Chain Security Act (DSCSA).
Ellis retires as president and COO of Kroger
CINCINNATI – Kroger Co. announced that president and chief operating officer Mike Ellis has retired after four decades with the company. Ellis, 57, will be returning to Portland, Ore., the company said on Tuesday. Ellis started as a parcel clerk at a Fred Meyer store in 1975.