Outlook: Industry looks forward to potential new Rx business
This year, chain drug retailers will be busy preparing for what’s coming up next year.
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Standley oversees impressive turnaround at Rite Aid
No one has been more closely involved in the revitalization of Rite Aid Corp. than John Standley. John Standley Arriving at the company in December 1999 as part of an executive team called in after previous management pushed the drug chain to the verge of bankruptcy, Standley, who is now chairman,
Rite Aid records first yearly profit since 2007
After operating in the black for two consecutive quarters, Rite Aid Corp. rolled to its first full-year profit in six years. For the 52-week 2013 fiscal year ended March 2, Rite Aid swung to net income of $118.1 million from a loss of $368.6 million in fiscal 2012, which had 53
Griffin puts NACDS in perspective
As the National Association of Chain Drug Stores’ longest-serving board member, Lewis Drug chief executive officer Mark Griffin has seen a lot of change.
Beauty Boutique rebranded by Shoppers Drug Mart
Shoppers Drug Mart has taken its 10-year-old Beauty Boutique concept to another level. Rebranded as the Beauty Boutique by Shoppers Drug Mart, the upscale beauty department features a broadened mix, some of Canada’s leading beauty advisors and a new interactive website.
Bigger role for pharmacy is envisioned in Canada
Canada’s pharmacy community can cut the country’s health care costs by up to $11 billion (Canadian) over three years by bringing more cost-effective care to more people, a new report says.
Duane Reade’s De Fazio appointed SVP at RadioShack
RadioShack Corp. announced that it has named former Duane Reade/Walgreen Co. executive Mike De Fazio as senior vice president of store concepts.
Respected independent passes torch to Fruth Pharmacy
Fruth Pharmacy will soon mark the opening of its second location in Ironton, Ohio, and its 27th store overall. A celebration is planned for April 29 through May 1 with grand-opening specials. The chain bought the downtown Third Street outlet from Jim Staley.
Walgreens adds dimension to Balance Rewards
Walgreen Co. has expanded the opportunities for members of its Balance Rewards customer loyalty program to earn points for healthy behavior. The program, which was launched last September, has already awarded more than 15 million points for healthy behavior.
How chain drug store pharmacies rate with consumers
Customers rate chain drug pharmacies highly on their convenience, the interaction with their staffs and their performance in filling prescriptions, but their prescription pricing draws far fewer accolades.
Duane Reade offers mobile app via iTunes store
Duane Reade chain has launched its first mobile application for iOS devices.
Two execs move up at NACDS
National Association of Chain Drug Stores staff members Roy McGrath and Alex Adams have been promoted. McGrath was named vice president of business development and conventions. He had been director of business development and conventions.
Take Care Clinics extend reach to chronic conditions
Walgreen Co. has expanded the scope of its Take Care Clinics to include handling such chronic diseases as diabetes, asthma and high blood pressure.
Sav-Mor sees its pharmacies as community health enablers
Sav-Mor Franchising has had all of its pharmacists trained to administer vaccinations. The chain drug retailer’s next step is for those professionals to foster customer engagement with all of the company’s wellness initiatives.
CVS Caremark’s generics dispensing push pays off
CVS Caremark Corp.’s generics dispensing rate (GDR) reached 77.4% last year, reducing commercial clients’ traditional drug spending by 3.6%, the company’s annual “Insights” report found.
New weapon added to arsenal for fighting Rx abuse
The Cardinal Health Foundation and Ohio State University have launched a fourth tool kit, the latest version to help reduce prescription drug abuse on college campuses.