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).
CVS Health reported a significant decrease in the prescription drug trend for its Caremark pharmacy benefit management (PBM) clients last year. CVS said Tuesday that the prescription trend, a growth measure of prescription spending, came in at 5% for 2015, down from a high of 11.8% in 2014.
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.
A request-for-proposals (RFP) by the National Association of Chain Drug Stores will offer up to two awards of $300,000 each for demonstration projects that increase pharmacy-based immunizations by spurring collaboration across health care providers.
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.
Stakeholders in chain pharmacy understandably direct a lot of attention to the giants of the industry, such companies as CVS Health, Walgreens Boots Alliance, McKesson and Kroger.
Though the Centers for Medicare & Medicaid Services (CMS) has improved Medicare Part D patient access to preferred pharmacies, more work needs to be done, according to the National Community Pharmacists Association.
Aligning with public- and private-sector efforts to fight drug abuse, Walgreens plans to make opioid-overdose antidote naloxone available without a prescription in most of its stores and deploy medication disposal receptacles in hundreds of stores.
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.
Rite Aid Corp. stockholders have voted overwhelmingly to approve the company’s $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Approximately 97% of the votes cast at a special meeting of stockholders on Thursday were in favor of the deal.
The first CVS pharmacies have opened in six Target discount stores in North Carolina. Branded as CVS Pharmacy, the pharmacies are being operated as store-within-a-store departments and are located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, N.C.
Rite Aid Corp.’s RediClinic has allied with regional health care provider Aria Health, a move that will bring the retail clinic operator’s services to more people in the greater Philadelphia area.
Walgreens Boots Alliance’s deal to acquire Rite Aid and partnership with Valeant Pharmaceuticals will build on WBA’s strong start in its first full year as a unified company, executive vice chairman and CEO Stefano Pessina said here at the annual shareholders meeting.
Rexall has launched a medication synchronization program for 445 of its pharmacies across Canada. Called OneStopMeds, the med sync program is powered by Ateb’s Time My Meds solution.
The Centers for Medicare & Medicaid Services (CMS) has issued the Covered Outpatient Drugs final rule with comment, which the National Association of Chain Drug Stores said includes “significant changes” to Medicaid pharmacy reimbursement for generic drugs based on the average manufacturer price (AM
