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Issue 01-04-2016

Walmart recognized for innovation in pharmacy

Walmart recognized for innovation in pharmacy

Walmart has had a long history of making health care more accessible and affordable. From the launch of $4 generics in 2006 to the recent introduction of Walmart Care Clinics, which promise to have the same kind of impact on pricing in that sector as the earlier program did in pharmacy, the

Pessina, Rite Aid team named Retailers of Year

Pessina, Rite Aid team named Retailers of Year

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.

Walgreens, Valeant sign distribution pact

Walgreens and Valeant Pharmaceuticals International Inc. have inked a distribution deal that will cut prices of Valeant prescription products at Walgreens by 10%, and may be extended to independent retail pharmacies.

Rite Aid shareholders ready to vote on WBA deal

Rite Aid shareholders ready to vote on WBA deal

Rite Aid Corp. stockholders will vote next month on the company’s merger with Walgreens Boots Alliance (WBA). Rite Aid has scheduled a February 4 special stockholders meeting for the balloting. Stockholders as of the close of business on December 18 will be eligible to vote.

CVS well positioned to create value in health care

CVS well positioned to create value in health care

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%.

Drug chains post modest sales gains during holidays

Drug chains were not immune to the shift in holiday shopping away from brick-and-mortar retailing, as sales growth barely exceeded 4%. That was down from last season’s 4.4% advance in holiday retail sales, and well off the 5.4% gain of five years ago. Same-store sales were up 1.

Pharmacists rank high on trust

Although pharmacists scored high, nurses topped Gallup’s Honesty and Ethics of Professions rankings for 2015, a feat that they have accomplished every year but one since they were added to the list in 1999.

Mobile payment system introduced by Walmart

Walmart knows customers want to save not just money but also time. To meet that customer need, the retailer has introduced Walmart Pay — “a fast, easy and secure way for customers to pay with their smartphones in Walmart stores.