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Jean Coutu store network sees sales climb in 1Q

Jean Coutu store network sees sales climb in 1Q

Solid gains in the pharmacy help lift sales at Jean Coutu Group’s franchised drug store network for the fiscal 2013 first quarter. The Canadian pharmacy retailer also saw earnings surge during the quarter ended June 2, largely stemming from a reduction of its investment in Rite Aid Corp.

Pharmaca unveils Natural Beauty Bar

Pharmaca unveils Natural Beauty Bar

Pharmaca Integrative Pharmacy has introduced the Natural Beauty Bar, a new concept aimed at enhancing the chain’s identity as a beauty care destination in the Los Angeles area. Pharmaca said Monday that the Natural Beauty Bar, launched at its Pacific Palisades, Calif.

Pharmacy retailers claim Pfizer delayed Lipitor generics

The nation’s largest drug chain has joined with four supermarket retailers in suing Pfizer Inc. and Ranbaxy Laboratories Ltd. for allegedly scheming to delay the introduction of generic versions of Lipitor, Pfizer’s blockbuster cholesterol-lowering drug. Walgreen Co., Kroger Co., Safeway Inc.

Walgreens-Alliance Boots deal: Global Rx power takes shape

With its $6.7 billion deal to acquire a large stake in Alliance Boots, Walgreen Co. has become the first American drug chain to delve into overseas markets and set in motion what could be dramatic changes for its entire operation. At the same time, the agreement — which will give Walgreens a

Cosby gives look at CVS’ direction

Walgreen Co.’s loss has been CVS Caremark Corp.’s gain. The latter has fully capitalized on Walgreens’ contract impasse with Express Scripts Inc., according to CVS/pharmacy president Mark Cosby.

Walgreens to buy USA Drug for $438 million

Walgreen Co. plans to purchase regional drug chain USA Drug in a $438 million deal that will add 144 drug stores in seven states, primarily in the Mid-South and Great Plains. The acquisition, announced earlier this month, includes corporate offices, a distribution center in Pine Bluff, Ark.

NACDS Marketplace takes last curtain call

The National Association of Chain Drug Stores ended its quarter-century run of Marketplace Conferences here last month. While the 2012 event marked the end of the association’s premier trade show, Marketplace is not going away.