Vitamin and nutritional supplement maker NBTY Inc. has entered a joint venture to spur the growth of its Nature’s Bounty and MET-Rx brands in China. NBTY said Friday that it has partnered with Hong Kong-based By-Health Co. Ltd., a leading dietary supplement company in China.
Walgreens Boots Alliance (WBA) reportedly is looking to open pharmacies in Australia, a market that the company has eyed for years.
AmerisourceBergen Corp. president and chief executive officer of Steven Collis has taken the reins as chairman. Collis takes over from Richard Gozon, who has retired.
Comparable-store sales continued to edge down at Rite Aid Corp. in February, but the drug chain reported sales gains for its 2016 fiscal year. Rite Aid said Thursday that for the five weeks ended Feb. 27, same-store sales in its retail pharmacy segment dipped 0.8% year over year.
McKesson Corp. plans to acquire Canadian drug store operator Rexall Health from Katz Group for $2.2 billion ($3 billion Canadian).
H.D. Smith and American Associated Pharmacies (AAP) plan to combine their pharmacy services administrative organizations (PSAOs) into a stand-alone PSAO entity. The companies said Monday that the joint venture, to be called the Arete Pharmacy Network, will merge H.D.
Target Corp. has hired Amazon.com Inc. executive Arthur Valdez to serve as executive vice president, chief supply chain and logistics officer.
Lorenzo Delpani next week plans to step down as president and chief executive officer of Revlon for personal reasons. Revlon announced the move Friday in reporting fiscal 2015 results. Plans call for Delpani to leave the post on March 1 and remain with the beauty care company as a paid adviser and
Shoppers Drug Mart saw revenue and comparable-store sales climb for the 2015 fourth quarter and fiscal year. Parent Loblaw Cos. said Thursday that for the fourth quarter ended Jan. 2, 2016, sales at Shoppers Drug Mart rose 4.8% to $2.975 billion (Canadian) from $2.
Customer satisfaction with drug stores fell last year as part of an overall decline among retailers, according to the American Customer Satisfaction Index (ACSI).
Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores, has been honored as the 2016 Trade Association CEO of the Year by an independent panel of association leadership experts.
Pharmasave Ontario Ltd. is fueling its steady expansion with new store openings early this year. Part of the Pharmasave Drugs National Ltd.
Walmart reported decreased net earnings for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share above Wall Street’s consensus forecast. The retail giant said Thursday that for the fourth quarter ended Jan. 31., net income fell 7.9% to $4.57 billion, or $1.
Economists at the National Retail Federation (NRF) predict retail industry sales this year will exceed their 10-year average as the economy continues to grow and consumers show more willingness to spend. The federation forecasts sales will rise 3.1% in 2016, topping the 2.
CVS Health saw sales climb by double digits for the 2015 fourth quarter and fiscal year, fueled in large part by its acquisition of long-term care pharmacy provider Omnicare Inc., while adjusted earnings per share were in line with Wall Street’s forecast.
Pfizer Inc. has announced the executive leadership team following the completion of its acquisition of Allergan plc.
