The directors of Family Dollar Stores Inc. continue to back Dollar Tree Stores Inc.’s bid to acquire their company, despite Dollar General Corp.’s higher offer. Dollar General has made a hostile bid for its dollar store rival. It has offered $80 per share, or $9.1 billion.
CVS Health has hired Mary Langowski as executive vice president for strategy, policy and market development, effective October 14. Langowski will focus on identifying and expanding enterprise opportunities as the company seeks an increasingly prominent role in the health care system, CVS says.
Pointing to its expanding health care commitment in several sectors and its ability to drive innovations that will be needed in the future, CVS Caremark Corp. has changed its corporate name to CVS Health.
Health care and consumer packaged goods retailers and suppliers are on the cusp of unprecedented success, National Association of Chain Drug Stores president and chief executive officer Steve Anderson said at the organization’s Total Store Expo.
Shoppers Drug Mart (SDM) is introducing meat and produce in selected stores and has opened its fourth enhanced BeautyBoutique. The Canadian drug chain, acquired this year by Loblaw Cos.
Walgreen Co. has begun co-branding Duane Reade stores with the Walgreens name. Going forward, Duane Reade units will be bannered “Duane Reade by Walgreens.” Cobranding at the outlets, which Walgreens acquired for $1.
Fruth Pharmacy recently hosted a gathering of 18 regional drug chains and 28 of their vendor partners for the annual convention of the Southern Drug Stores Association. Fruth Pharmacy’s Mark Madore and Lynne Fruth with Zitomer/Thriftway’s Lon Rubackin and Sharon Sternheim.
Dollar General Corp. has raised the pressure on Family Dollar Stores Inc. directors and shareholders by sweetening its bid for the discount chain and offering to sell or close up to 1,500 stores to satisfy antitrust regulators.
Retailer attendees voted on some 160 products in 11 categories and the 2014 National Association of Chain Drug Stores Total Store Expo Product Showcase winners are in.
Fred’s Inc. will accelerate its pharmacy acquisitions as the discount retailer shifts to a “convenience and pharmacy-centric model.” The company said it will close 60 of its stores without pharmacies by year’s end to help pay for the transition.
Despite the efforts of pharmacists and other health care professionals, a recent poll finds that a significant number of Americans are unaware of the importance of getting the flu vaccine — especially in the senior citizen population.
Tom Skelton has become chief executive officer at Surescripts. A seasoned CEO with expertise in both the health care technology and health care services sectors, Skelton held leadership roles previously with Foundation Radiology Group, MED3000 and Misys Healthcare Systems.
In becoming president of CVS/pharmacy, Helena Foulkes brings to the role a wealth of experience with diverse facets of the chain, especially health care offerings. Helena Foulkes Foulkes, 49, who succeeds Mark Cosby on January 1, has been CVS Caremark Corp.
The importance of pharmacists to the success of the Affordable Care Act was reinforced late last month by National Association of Chain Drug Stores president and chief executive officer Steve Anderson.
The restructuring of Walgreen Co.’s management team continues. Under the leadership of Sona Chawla, the chain’s new Digital and Marketing Division will combine and integrate e-commerce, enterprisewide marketing, and customer loyalty and insights.
It’s evident that John Standley is confident in Rite Aid’s strategic game plan, which has reinvigorated the company financially and in the marketplace.
