Former Katz Group head Andy Giancamilli has been named interim president and chief executive officer of 99 Cents Only Stores. Giancamilli, who was appointed chairman of the chain in April, replaced Stéphane Gonthier, who resigned.
Cardinal Health Inc. plans to acquire pharmaceutical distributor The Harvard Drug Group (THDG) from private equity firm Court Square Capital Partners for $1.12 billion. Based in Livonia, Mich.
Mike Podgurski, vice president of pharmacy services at Rite Aid Corp., has been named 2015 honorary president of the National Association of Boards of Pharmacy (NABP).
As part of gaining regulatory approval for its acquisition of Family Dollar Stores Inc., Dollar Tree Inc. has agreed to sell 330 stores to private equity firm Sycamore Partners.
in Olive Branch, Miss.; Shakopee, Minn.; and Newburgh, N.Y. — to its distribution network, which handles some 35% of the pharmaceutical products sold in the United States. The multimillion-dollar investment to build and equip the warehouses will bring the amount of money the
the wrong kind of headlines. Some samples include the following: • CVS is being accused of targeting African-American and Hispanic shoppers as more likely to cause trouble than are Caucasian customers. • Walmart has reluctantly agreed to lower the temperature — by one degree
As prescription drug revenue and profitability are threatened by the expanding share of generics and continued reimbursement pressures, many chain drug retailers are counting on improved front-of-store sales and profitability to counterbalance the declines. That goal faces several challenges.
The year 2014 will be remembered as one of discovery about the power of niche and exclusive beauty brands at retailers in the United States, and that momentum will increase well into the future.
Boosting its services for the burgeoning senior market, CVS Health has agreed to acquire Omnicare — the nation’s largest provider of pharmaceutical services to long-term care facilities — for $12.7 billion. With the acquisition, which includes $2.
Mark Panzer has been named senior vice president of pharmacy, health and wellness at Albertsons LLC. Between Albertsons and Safeway stores, the company has 1,760 pharmacies in 34 states. Panzer, who had been president and chief executive officer of Pharmaca Integrative Pharmacy Inc.
A law described as the first of its kind in the nation to require health insurance carriers to include pharmacists as network providers has been signed by Washington Gov. Jay Inslee. The landmark law, ESSB 5557, was sponsored by Sen. Linda Parlette, who is also a registered pharmacist.
Another pharmaceutical chain has followed CVS Health and a host of other businesses — and even cities — in going smoke free. Medicine Shoppe International Inc.
Collaboration is the key to unlocking business growth opportunities for neighborhood pharmacies, according to Denise Carpenter, president and chief executive officer of the Neighbourhood Pharmacy Association of Canada.
Rite Aid Corp. has launched an integrated marketing campaign to support its new wellness+ with Plenti loyalty program.
Meijer Inc. has signed a deal to acquire the specialty pharmacy and health services company Aureus Health Services Inc. The deal will allow the retailer to improve the customer offerings at its 217 supercenters and grocery stores in the Midwest, all of which have pharmacies.
CVS/pharmacy announced a promotion running from May 24 through June 20 that presents holders of the company’s ExtraCare loyalty card with the opportunity to receive a $10 CVSCash Card after spending $30 on an assortment of items found in the retailer’s weekly circular.
