Lynn Gust is retiring from his post as president of Kroger Co.’s Fred Meyer Stores division and will be succeeded by Jeff Burt, president of Kroger’s Central division. Kroger said Tuesday that Gust is slated to retire effective Jan. 31. Based in Portland, Ore.
McKesson Corp. announced a new distribution pact with CVS Health for Target pharmacies in updating its earnings outlook for fiscal 2016 and providing preliminary guidance for fiscal 2017.
Benzer Pharmacy this year aims to continue the aggressive growth it achieved last year. The drug chain said Monday that it opened a new store in Hendersonville, Tenn., expanding its network to more than 50 stores in nine states.
Highlighting its acumen in consumer packaged goods (CPG) analytics, TABS Group has changed its name to TABS Analytics. TABS said the new name, which goes into effect immediately, better represents its mission to simplify and improve sales and marketing analytics for CPG companies.
Shire plc plans to buy Baxalta Inc., a biopharmaceutical company focused on orphan diseases and underserved conditions, in a cash and stock deal valued at $32 billion. Under the agreement, Baxalta shareholders will receive $18 in cash and 0.
China-based health technology company Sinocare Group has finalized its acquisition of diabetes management specialist Nipro Diagnostics and renamed it Trividia Health.
Jean Coutu Group’s retail store network eked out total and same-store sales gains for the fiscal 2016 third quarter. On the corporate side, Jean Coutu also reported upticks in revenue, net profit and earnings per share for the quarter, which ended Nov. 28.
General Mills Inc. has acquired EPIC Provisions, a premium meat snacks company based in Austin, Texas. Terms of the agreement weren’t disclosed. Plans call for EPIC to operate under General Mills’ Annie’s business and remain in its Austin headquarters.
Walgreens Boots Alliance (WBA) topped Wall Street’s earnings projections for its fiscal 2016 first quarter. WBA said Thursday that for the first quarter ended Nov. 30, 2015, adjusted net earnings attributable to Walgreens Boots Alliance were $1.13 billion, or $1.
Valeant Pharmaceuticals International Inc. has named former chief financial officer Howard Schiller as interim chief executive officer, effective immediately. Valeant said Wednesday that it appointed Schiller to the interim role because chairman and CEO J.
The Retail Industry Leaders Association (RILA), Food Marketing Institute, National Association of Chain Drug Stores, National Grocers Association and National Retail Federation have submitted comments on proposals by the Environmental Protection Agency to update waste management regulations that may
Richard Willis has been hired as president and chief executive officer of Pharmaca Integrative Pharmacy. Pharmaca said Monday that the 56-year-old Willis, who most recently served as the president and CEO of SpeedCommerce, also joins the board of directors.
Janna Potts has been promoted to executive vice president and chief stores officer at Target Corp. Target said Monday that Potts, previously senior vice president of human resources focused on stores and distribution, takes over the post effective immediate and replaces Tina Tyler.
For 2015, the editors of Chain Drug Review have chosen to give the publication’s annual Retailer of the Year honors to two chain drug retail industry leaders: Stefano Pessina, executive vice chairman and CEO of Walgreens Boots Alliance Inc., and the management team at Rite Aid Corp.
CVS Health has raised the midpoint of its earnings outlook for 2016 and reiterated its five-year steady state targets. The company now expects next year’s adjusted earnings per share to range from $5.73 to $5.88, reflecting solid year-over-year growth of 11.25% to 14.25%.
Rite Aid Corp. posted flat retail pharmacy sales results for December, despite an uptick in same-store sales at the front end. The drug chain said Thursday that for the four weeks ended Dec. 26, same-store sales dipped 0.1% year over year. That compared with comparable-store sales growth of 0.
