Walmart takes the high road
Walmart will run all facets of its business with integrity, chief executive Mike Duke and chairman Rob Walton vowed at the company’s annual shareholders meeting earlier this month.
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News Analysis: Merlo unlocks CVS Caremark potential
Larry Merlo’s initial year as chief executive officer of CVS Caremark Corp. has been a remarkable one indeed. Not that you’d notice if you confined your examination, analysis and interpretation to the CVS drug store chain.
Rite Aid CEO set to add chairman’s title
Rite Aid Corp. president and chief executive officer John Standley will take on the additional responsibilities of chairman at the company’s annual shareholders meeting this month.
Preview: There’s a lot to gain at NACDS Marketplace
When it comes to reaching and influencing the mass retailing community, the most creative marketing mind in America today belongs to Scott Emerson, head of the Emerson Group, itself one of the creative companies when it comes to brand marketing.
SDM has a look back — and to the future
Shoppers Drug Mart’s (SDM’s) annual meeting here last month marked a double anniversary — half a century since the company was founded, 10 years since it went public.
Cardinal, DEA reach settlement
Settling a government lawsuit charging that it improperly distributed large volumes of oxycodone, Cardinal Health Inc. has agreed to a two-year suspension of its Lakeland, Fla., distribution center’s registration to ship controlled substances.
Walgreens enhances Rx savings program
Walgreen Co. has developed what it says is an improved Prescription Savings Club program. Executives say they hope the program will help address what the company sees as a growing problem.
CVS Caremark helps PBM clients cut costs
Pharmacy benefits management clients of CVS Caremark Corp. saved nearly $2.4 billion in 2011, in part because of the company’s focus on providing medication adherence programs for patients with chronic conditions.
SDM’s new CEO Pilla gives take on what lies ahead
Appearing at his first Shoppers Drug Mart annual meeting, Domenic Pilla, the company’s new president and chief executive officer, outlined the drug chain’s opportunities and challenges.
Paragon Pharmacies acquired by Shoppers Drug Mart
Shoppers Drug Mart is acquiring Paragon Pharmacies Ltd. in a transaction in which SDM will gain from Paragon 19 retail pharmacies and three central fill pharmacies in British Columbia, Alberta and Manitoba. The deal is valued at an estimated $75 million in cash.
An era of unprecedented achievement
One of the most productive tenures in the annals of the National Association of Chain Drug Stores ended two months ago when H-E-B executive Bob Loeffler stepped down as chairman of the association. Loeffler assumed the chairmanship at the 2011 NACDS Annual Meeting in Scottsdale, Ariz.
Small format looks like a winner for Walmart
Amid all the attention directed at Walmart’s recent annual meeting, where the hoopla surrounding the discounter’s golden anniversary celebration vied with concerns voiced by many shareholders about the bribery scandal that hit the company in April, one important development has received less attenti
NACDS hires federal government affairs VP
Thomas O’Donnell is slated to join the National Association of Chain Drug Stores as vice president of federal government affairs. NACDS said Thursday that O’Donnell will start in the post on July 9 and will report to Carol Kelly, senior vice president of government affairs and public policy.
Walmart tests talking prescription system
Walmart is piloting a talking prescription system that gives vision-impaired people who can’t read standard print an easy way to access the information on their medications.
Rite Aid sees comp-store sales uptick in May
Comparable-store sales at Rite Aid Corp. edged up in May but grew more slowly than in recent months. Rite Aid said Thursday that for the five weeks ended June 2, same-store sales increased 1.1% year over year, marking the drug chain’s smallest monthly gain so far this calendar year. Comp-store sales
APhA website goes back online after breach
The website of the American Pharmacists Association (APhA), pharmacist.com, is back up after being shut down for the better part of a week because of an online attack. APhA said Wednesday that pharmacist.