Retired Gen. Colin Powell, former U.S. secretary of state and former chairman of the joint chiefs of staff, is scheduled to serve as keynote speaker for the 2012 NACDS Foundation Dinner. The dinner will be held on November 27 in New York. “Gen. Powell’s insights as a public servant — as a
Walgreen Co. has launched Balance Rewards, a customer loyalty program that the company says could become the largest in the United States. All Walgreens and Duane Reade stores are participating in the program.
CVS Caremark Corp. is poised for a strong finish to 2012, and its pharmacy business is looking forward to generics growth in 2013 and 2014, president and chief executive officer Larry Merlo said at the Morgan Stanley Healthcare Conference this month.
To celebrate its 50th year in business Rite Aid Corp. plans a string of anniversary events for the next six months. Dubbed RA50, the 50th anniversary campaign began this month and will run across the country. “Rite Aid’s motto is ‘With us, it’s personal’ and for 50 years, our associates have
The ranks of retail pharmacy have diverged in the wake of a federal judge’s dismissal of most of the claims made in a lawsuit against the merger of Express Scripts Inc. and Medco Health Solutions Inc.
Walmart is finally getting comfortable with small-box retailing, and the implications for chain drug stores could be ominous. Speaking at the recent Goldman Sachs Global Retailing Conference here, Bill Simon, president and chief executive officer of Walmart U.S.
After 50 years Canadian consumers’ love for Shoppers Drug Mart (SDM) shows no signs of waning. In poll after poll — most recently those conducted by MSNBC.ca and The Huffington Post — the retailer continues to rate at or near the top — not only in its own field but among companies of
London Drugs opened its 76th store late last month, debuting a 17,200-square-foot unit in Vancouver’s Olympic Village.
CVS Caremark Corp. is reviewing the Drug Enforcement Administration’s revocation of the controlled substance licenses of two of its stores in Sanford, Fla.
Royal Bank of Canada is launching a co-branded Mastercard with Shoppers Drug Mart (SDM). The launch of the new credit card extends a relationship between Canada’s largest bank and the 1,271-store drug chain that started with the launch of a co-branded debit card and bank account in March.
Walgreen Co. has issued $4 billion in senior notes to repay borrowings that were used to finance its acquisition of an equity stake in Alliance Boots GmbH. The notes were sold in five parts: $550 million of floating-rate notes due in 2014, $750 million of 1% notes due in 2015, $1 billion
When patients with chronic health conditions have lower out-of-pocket costs for medications, they are more likely to fill their prescriptions, a recent review of past studies shows.
Former PEN/Faulkner Foundation executive director Matthew Burriesci has joined the National Association of Chain Drug Stores Foundation as director of development. Burriesci began his new role late last month.
The National Retail Federation may go to court to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over swipe fees charged by banks and credit card companies.
A federal judge has dismissed most of the claims in a lawsuit seeking to block the merger of Express Scripts Inc. and Medco Health Solutions Inc.
These are tumultuous times for the country’s health care and political systems, conditions that raise the stakes for retail pharmacy and impel the industry to take a more proactive stance in shaping its own destiny.
