Fourth quarter net income surged more than 85% at Walgreen Co. as the company rebounded strongly from a year-ago quarter that was severely impacted by weak sales, costs related to its purchase of a stake in Alliance Boots GmbH and a big LIFO charge.
Rite Aid Corp. aims to have about a quarter of its store base converted to its “wellness store” format by the close of its current fiscal year next March. The drug chain reached a milestone during its fiscal 2014 second quarter by opening its 1,000th wellness store remodel, company executives said
Mark Butler has been named Loblaw Cos.’ executive vice president of integration with responsibility for planning the supermarketer’s assimilation of Shoppers Drug Mart (SDM). A 37-year Loblaws veteran, Butler was most recently executive vice president of the conventional division.
CVS Caremark Corp. has named Nancy-Ann DeParle, a former top aide to President Barack Obama on the health care overhaul, to its board of directors. DeParle, 56, will be an independent director serving on the board’s audit committee.
Bartell Drugs is opening one of its largest stores ever in the Puget Sound area. The store, a 16,085-square-foot unit in the city’s Greenwood section, opened for business on October 13 and offers a broader merchandise mix than most other Bartell Drug outlets.
The announcement last month that Walgreens had agreed to acquire Kerr Drug, the 76-store, Raleigh, N.C.-based drug chain, disrupted chain drug retailing as few previous acquisitions had done. It wasn’t the size of the deal that caused such a stir.
New research that examines customer satisfaction with pharmacy operators contains some revealing insights. The studies, conducted separately by J.D. Power and Market Force Information, identify favorites among consumers and point to broader industrywide trends.
The Hershey Co. is launching Lancaster caramel soft creme candy, its first brand-new confectionery brand in the United States in three decades. Lancaster Soft Cremes made their debut in China earlier this year. Hershey said Thursday that Lancaster is slated to roll out nationwide in January.
Teva Pharmaceutical Industries Ltd. is slated to reduce its global workforce by about 10% under a restructuring plan aimed at slashing costs and optimizing its organization and processes.
Kusin & Kusin Ltd. has introduced Reviver, which it calls the world’s first dry deodorant for clothes and hair. The product made its retail debut this week at Walgreens stores nationwide in the laundry aisle, the consumer packaged goods company said.
The Center for Pharmacy Practice Accreditation (CPPA) plans to develop an accreditation program for specialty pharmacy practices. CPPA said Thursday that the program reflects the growing need and market for specialty medications and related services.
Alex Gourlay, president of Walgreen Co.’s daily living business, this week announced adjustments to marketing and merchandising duties to simplify and coordinate the retailer’s strategic direction going forward.
Most people don’t include out-of-pocket costs for prescription drugs when comparing Medicare drug benefits, and far fewer beneficiaries will hit the "doughnut hole" coverage gap this year, according to research by eHealth Inc.
A Walgreen Co. study reveals that the 2012-13 flu season was one of the nation’s worst in over a decade, having two to three times the impact over a more typical flu season on the workplace, school, family and other area of people’s daily lives. Walgreens said Wednesday that U.S. adults missed
Medication therapy management (MTM) services continue to gain traction among consumers and on Capitol Hill.
U.S. women’s soccer Olympic gold medalist Alex Morgan has been named as the brand spokesperson for ChapStick. Alex Morgan Pfizer Consumer Healthcare, the maker of ChapStick, said Wednesday that Morgan becomes the lip balm’s first brand spokesperson in more than a decade.
