CVS to acquire Fred’s specialty pharmacy business
Fred’s Inc. has reported that CVS Health is purchasing its specialty pharmacy business EntrustRx for $40 million.
Retail News
Diplomat reports strong Q1 results
Diplomat Pharmacy announced financial results for the quarter ended March 31, 2018. All comparisons, unless otherwise noted, are to the quarter ended March 31, 2017.
Walmart intros new measures to help curb opioid abuse
BENTONVILLE, Ark. – In an effort to continue to be part of the solution to the nation’s opioid epidemic, Walmart is introducing new policies, programs and tools aimed at curbing opioid misuse and abuse.
McKesson to bring ideaShare 2018 to Las Vegas
For more than 35 years McKesson’s ideaShare has been the premier education and networking event for community pharmacies. The leading conference is designed to help independent pharmacy owners and their staff improve their knowledge, performance and profitability.
Fred’s pursuing sale of specialty pharmacy business
During its earnings call Friday, Fred’s Inc. announced it is evaluating options for its retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business, as it reported financial results for the 2017 fourth quarter and fiscal year ended February 3.
Fruth Pharmacy teams with LeSage Water
POINT PLEASANT, W. Va. – “It’s about the mission,” began Matt Muller, sales and distribution manager for LeSage Natural Water, “LeSage Water is about creating job opportunities for disabled people. Our people love to come to work, they always arrive early, and they love what they do.
Walgreens launches online skincare advisor SkinID to aid acne sufferers
Walgreens introduced an exclusive skincare analysis tool called SkinID on Walgreens.com to evaluate each customer’s skincare needs and build a personalized, three-step daily routine that will help banish breakouts.
Walgreens expands “#ItEndsWithUs” campaign to Seattle
Walgreens is bringing its national “#ItEndsWithUs” campaign to Seattle to educate local teens on the opioid epidemic. As part of WE Day Seattle at KeyArena, thousands of youth will hear real stories of addiction and how Walgreens is working to combat the nation’s opioid epidemic.
Southern states top Walgreens Flu Index for 2017-2018
Walgreens released its season-ending Flu Index, ranking the top states and markets (DMAs) for flu activity this season. The Index is based on methodology that includes Walgreens aggregate prescription data from September 2017 through March 2018.
Loblaw reports solid results for first quarter
Loblaw Cos. announced its unaudited financial results for the first quarter ended March 24, 2018.
Atlanta still on top spot in Walgreens “Every One Counts Hometown Challenge”
In support of the fourth annual Red Nose Day in the U.S., Walgreens released the latest rankings for its “Every One Counts Hometown Challenge”, which shows Atlanta as the top market for overall Red Nose Day fundraising activity. The challenge features 10 U.S.
Higher script volumes aid in Q1 gains for CVS
CVS Health’s revenue was on the rise as it filled more prescriptions and benefited from a lower effective tax rate, the company said today in reporting its operating results for the three months ended March 31. The drug store chain said its first quarter revenue increased 2.6% to $45.
Diplomat launches CastiaRx, leading specialty benefit manager
Diplomat Pharmacy has unveiled CastiaRx to respond to industry demand for a leader in specialty benefit management.
Blue Cross and Blue Shield of Texas joins Walgreens safe medication disposal program
Blue Cross and Blue Shield of Texas announced that it is joining with Walgreens to expand the availability of year-round safe medication disposal in Texas with safe medication disposal kiosks in select Walgreens locations throughout the state.
Fred’s Inc. CEO Michael Bloom resigns
Fred’s Inc. announced on Friday that chief executive officer Michael Bloom resigned from his post, effective on April 24. He also resigned from his seat on the company’s board.
Rexall to shutter 40 stores
McKesson Canada’s Rexall chain is closing 40 outlets in Ontario and Western Canada, nearly one-tenth of its total store base, according to a memo sent to company employees. The closings come about a year and a half after San Francisco-based McKesson Corp. finalized the purchase of Rexall Health.