Food and drug retailer Albertsons has signed a five-year distribution pact for the sourcing and distribution of branded and generic drugs with McKesson Corp. The companies said late Tuesday that the pharmaceutical distribution agreement will go into effect on April 1, 2016.
Health Mart is launching a national radio and digital advertising campaign to attract more patients to its drug stores. The McKesson Corp.
Efficient Collaborative Retail Marketing (ECRM) has gone live with the ECRM Content Gateway, a platform designed to provide buyers, sellers, marketers and merchandisers of consumer packaged goods (CPG) and health care products and services with information to help them better compete.
Helena Foulkes, executive vice president of CVS Health and president of CVS/pharmacy, has climbed higher on the “50 Most Powerful Women in Business” by Time Inc.’s Fortune magazine. Foulkes came in at No. 14 on the annual list this year after finishing at No. 26 in 2014.
Personalized medicine solution provider Restore Health plans to acquire the compounding pharmacy assets of Diplomat Pharmacy Inc. Financial terms of the agreement weren’t disclosed.
Kroger Co. has promoted four executives — including its top merchant, retail operations chief, chief financial officer and chief information officer — to lead key lines of business.
Next spring, George Paz is slated to retire as chief executive officer of Express Scripts Holding Co. and be succeeded by president Tim Wentworth.
Haggen Inc. has filed for Chapter 11 bankruptcy protection, as the food and drug retailer has struggled since expanding into California via the acquisition of Albertsons and Safeway stores late last year.
The world’s biggest retailer and a regional discount chain have attributed pressure on profits to trends in the prescription drug business. Walmart and Memphis, Tenn.-based Fred’s Inc.
Rite Aid Corp. posted a slight gain in comparable-store sales for August. Rite Aid said Thursday that for the five weeks ended Aug. 29, same-store sales edged up 1.6% year over year. The increase continued the drug chain’s positive trend in comp-store sales for 2015 but was down from gains earlier
Frank Segrave, president and chief executive officer of Silvergate Pharmaceuticals and former vice president of pharmacy at Walmart, has joined the board of directors of Bartell Drugs.
Care Pharmacies Cooperative Inc. has extended the contract of chief executive officer Michael Wysong.
Benzer Pharmacy has made this year’s Inc. 5000 list of the fastest-growing private companies, coming in at No. 1500. The drug chain said Monday that companies making the 2015 Inc. 5000 list were ranked according to percentage of revenue growth between 2011 and 2014.
It is well known that the Internet and low-cost channels, such as club and dollar, have gained market penetration at the expense of other channels.
When Target announced its first quarter 2015 results earlier this year, it was clear how quickly the world had changed.
Rite Aid Corp. reportedly is looking to buy prescription files and inventory from in-store pharmacies operated the Great Atlantic & Pacific Tea Co., which last month filed for Chapter 11 bankruptcy protection. Published reports said that, according to a filing by A&P with the U.S.
