Otto sees a bigger role for pharmacy
Martin Otto, the incoming chairman of the National Association for Chain Drug Stores, symbolizes the changes that have occurred both in the organization and in the chain pharmacy industry.
Issue 04-18-2016
Outlook: Transition time for drug chains
Going forward, chain drug stores can bank on the same underlying trends that have fueled the retail pharmacy business in recent years. But the industry as they’ve known it won’t look quite the same.
Anderson: ‘NACDS always looking out even further’
In the nine years since Steve Anderson became chief executive officer of the National Association of Chain Drug Stores, the association has become a proactive advocate for its industry and raised its influence and recognition among legislators and policy makers.
New research shows value of Rx interventions
A new study from Walgreens Boots Alliance Inc. indicates that pharmacy interventions can lead to greater medication adherence and lower health care costs.
Retailers to feel impact of minimum wage hikes
Within hours of each other, the governors of California and New York recently signed bills that will eventually raise the minimum wage in their states to $15.
Walgreens Boots Alliance weighs options in Australia
Almost 100 years ago Australian pharmacists banded together to stop Boots the Chemist entering their market by setting up the Pharmacy Guild of Australia and successfully lobbying governments to enact laws restricting pharmacy location and ownership. Walgreens Boots Alliance Inc.
Pfizer, Allergan merger aborted
Pfizer Inc. and Allergan PLC have, by mutual agreement, terminated their planned merger. Pfizer management attributed the decision to new tax rules issued by the Treasury Department that are specifically intended to make such combinations less attractive.
Stiller makes exit from Walgreens
Beth Stiller has stepped down as group vice president of global brands and sourcing at Walgreens to join Massage Envy as chief commercial officer. She will be responsible for leading services, retail, innovation and operations teams at the Scottsdale, Ariz.
Former Walmart vice chairman Coughlin dies at 66
Tom Coughlin, a legendary retailing executive and former vice chairman of Walmart, died April 1 at the age of 66. According to a Reuters report, Coughlin had been in the intensive care unit of a hospital for several days.
Private label line revamped by Albertsons
Albertsons Cos. has launched a major new store brand, Signature, which will be available in all 2,286 stores under all of the company’s 18 banners. The multicategory brand encompasses more than 4,000 items, ranging from coffee to juice, soup to cereal, fresh produce to fried chicken.
Rite Aid rewards loyal shoppers
Rite Aid is offering wellness+ with Plenti members an opportunity to accumulate thousands of Plenti points through a “Spring for Points” promotion that runs through April 23.
CVS wins accreditation for specialty, mail order
CVS Health’s specialty pharmacy, CVS Specialty, has been awarded Specialty Pharmacy accreditation from URAC, a nonprofit agency that promotes health care quality through the accreditation of organizations engaged in health care services.
Ahold USA appoints Iacobucci chief merchant
Ahold USA has hired Andrew Iacobucci as executive vice president of merchandising.
AmerisourceBergen, Compliant Pharmacy Alliance ink deal
AmerisourceBergen Corp. and the Compliant Pharmacy Alliance Cooperative (CPA) have detailed a new nine-year distribution pact for prescription drugs and over-the-counter products.
Higher Tricare co-pay plan draws fire
The National Association of Chain Drug Stores and the National Community Pharmacists Association (NCPA) sent a letter to the chairmen and ranking members of the House Armed Services Committee and the Senate Armed Services Committee urging them to reject calls to increase retail community pharmacist
Chain drug industry in period of transition
One-third of the way into the new year, the chain drug store industry is hardly setting any worlds on fire. Business is good, but noteworthy only in the fact that it’s not better.