The leading chain drug retailers upheld their position in the industry last year as ranked by key financial measures. Walgreen Co. again was at the top in sales ($71.63 billion), followed by CVS Caremark Corp. ($63.65 billion, retail pharmacy sales only), Rite Aid Corp. ($25.
This year, chain drug retailers will be busy preparing for what’s coming up next year.
No one has been more closely involved in the revitalization of Rite Aid Corp. than John Standley. John Standley Arriving at the company in December 1999 as part of an executive team called in after previous management pushed the drug chain to the verge of bankruptcy, Standley, who is now chairman,
After operating in the black for two consecutive quarters, Rite Aid Corp. rolled to its first full-year profit in six years. For the 52-week 2013 fiscal year ended March 2, Rite Aid swung to net income of $118.1 million from a loss of $368.6 million in fiscal 2012, which had 53
As the National Association of Chain Drug Stores’ longest-serving board member, Lewis Drug chief executive officer Mark Griffin has seen a lot of change.
Shoppers Drug Mart has taken its 10-year-old Beauty Boutique concept to another level. Rebranded as the Beauty Boutique by Shoppers Drug Mart, the upscale beauty department features a broadened mix, some of Canada’s leading beauty advisors and a new interactive website.
Canada’s pharmacy community can cut the country’s health care costs by up to $11 billion (Canadian) over three years by bringing more cost-effective care to more people, a new report says.
Fruth Pharmacy will soon mark the opening of its second location in Ironton, Ohio, and its 27th store overall. A celebration is planned for April 29 through May 1 with grand-opening specials. The chain bought the downtown Third Street outlet from Jim Staley.
Walgreen Co. has expanded the opportunities for members of its Balance Rewards customer loyalty program to earn points for healthy behavior. The program, which was launched last September, has already awarded more than 15 million points for healthy behavior.
Customers rate chain drug pharmacies highly on their convenience, the interaction with their staffs and their performance in filling prescriptions, but their prescription pricing draws far fewer accolades.
Duane Reade chain has launched its first mobile application for iOS devices.
National Association of Chain Drug Stores staff members Roy McGrath and Alex Adams have been promoted. McGrath was named vice president of business development and conventions. He had been director of business development and conventions.
Walgreen Co. has expanded the scope of its Take Care Clinics to include handling such chronic diseases as diabetes, asthma and high blood pressure.
CVS Caremark Corp.’s generics dispensing rate (GDR) reached 77.4% last year, reducing commercial clients’ traditional drug spending by 3.6%, the company’s annual “Insights” report found.
The Cardinal Health Foundation and Ohio State University have launched a fourth tool kit, the latest version to help reduce prescription drug abuse on college campuses.
AmerisourceBergen Corp. has agreed to sell AndersonBrecon, its contract packaging business, to affiliates of an investor group led by Frazier Healthcare VI, LP for $308 million. The transaction is expected to close by July.
