Walmart takes the high road
Walmart will run all facets of its business with integrity, chief executive Mike Duke and chairman Rob Walton vowed at the company’s annual shareholders meeting earlier this month.
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News Analysis: Merlo unlocks CVS Caremark potential
Larry Merlo’s initial year as chief executive officer of CVS Caremark Corp. has been a remarkable one indeed. Not that you’d notice if you confined your examination, analysis and interpretation to the CVS drug store chain.
Rite Aid CEO set to add chairman’s title
Rite Aid Corp. president and chief executive officer John Standley will take on the additional responsibilities of chairman at the company’s annual shareholders meeting this month.
Preview: There’s a lot to gain at NACDS Marketplace
When it comes to reaching and influencing the mass retailing community, the most creative marketing mind in America today belongs to Scott Emerson, head of the Emerson Group, itself one of the creative companies when it comes to brand marketing.
SDM has a look back — and to the future
Shoppers Drug Mart’s (SDM’s) annual meeting here last month marked a double anniversary — half a century since the company was founded, 10 years since it went public.
Cardinal, DEA reach settlement
Settling a government lawsuit charging that it improperly distributed large volumes of oxycodone, Cardinal Health Inc. has agreed to a two-year suspension of its Lakeland, Fla., distribution center’s registration to ship controlled substances.
Walgreens enhances Rx savings program
Walgreen Co. has developed what it says is an improved Prescription Savings Club program. Executives say they hope the program will help address what the company sees as a growing problem.
CVS Caremark helps PBM clients cut costs
Pharmacy benefits management clients of CVS Caremark Corp. saved nearly $2.4 billion in 2011, in part because of the company’s focus on providing medication adherence programs for patients with chronic conditions.
SDM’s new CEO Pilla gives take on what lies ahead
Appearing at his first Shoppers Drug Mart annual meeting, Domenic Pilla, the company’s new president and chief executive officer, outlined the drug chain’s opportunities and challenges.
Paragon Pharmacies acquired by Shoppers Drug Mart
Shoppers Drug Mart is acquiring Paragon Pharmacies Ltd. in a transaction in which SDM will gain from Paragon 19 retail pharmacies and three central fill pharmacies in British Columbia, Alberta and Manitoba. The deal is valued at an estimated $75 million in cash.
As market shifts, Wasson assesses Walgreens’ position
During the National Association of Chain Drug Stores Annual Meeting here last month, Greg Wasson, the organization’s new chairman, exuded a sense of confidence despite the considerable challenges faced by the industry.
Merlo: CVS Caremark firing on all cylinders
CVS Caremark Corp. is right where it needs to be to thrive in today’s increasingly complex health care market, president and chief executive officer Larry Merlo said at the company’s annual shareholders meeting here.
Rx loses round in PBM lawsuit
Pharmacy advocates are pressing ahead with a lawsuit to stop the merger of Express Scripts Inc. and Medco Health Solutions Inc. despite a judge’s refusal to grant a preliminary injunction freezing the transaction. On April 25 U.S.
Pharmacists in Ontario face cuts
The Ontario government is consulting with pharmacy industry stakeholders on achieving $55 million (Canadian) in savings in drug spending, according to the Canadian Association of Chain Drug Stores (CACDS).
Work on Rite Aid refinancing progresses
Rite Aid Corp. has added to a debt offering initiated earlier this year, drawing a favorable response from credit rating agencies. The drug chain plans to issue $426 million in senior unsecured notes due in 2020 to help fund a refinancing of debt. This month the company began a cash tender