What the budget deal means for health care
Health care spending has been beefed up in some areas and reduced in others as a result of the federal budget legislation passed by Congress earlier this month.
Retail News
Pharmacy to make its mark at NACDS RxImpact Day
Next month, the National Association of Chain Drug Stores will set an all-time high for reach and participation when pharmacy advocates head to Washington, D.C., for the 2018 NACDS RxImpact Day on Capitol Hill.
Diplomat works to control specialty drug costs
Biosimilars, generic drugs and affordable branded drugs are top-of-mind at Diplomat Pharmacy Inc. this year as the specialty pharmacy looks to help health plans and patients rein in costs.
Shoppers Drug Mart has strong fiscal 2017 finish
Shoppers Drug Mart outperformed overall retail sales growth for parent Loblaw Cos. in the 2017 fourth quarter and fiscal year. Loblaw said Thursday that for the fourth quarter ended Dec. 30, Shoppers Drug Mart posted revenue of $3.17 billion (Canadian), up 3.8% from $3.06 billion a year earlier.
Fruth Pharmacy set to hold annual Baby Face Event
To help raise money for local baby charities, Fruth Pharmacy plans to hold its 3rd Annual Baby Face Event on March 24. At the Fruth Pharmacy Baby Face Event, the retailer will be looking for four babies to be the “baby face” for the company’s advertising during the next year. To
Store-brand sales surge in mass retail arena
Store-brand sales growth in the mass retail channel approached 10% last year, according to new Nielsen data reported by the Private Label Manufacturers Association (PLMA). In 2017, private-label dollar sales at mass merchant, warehouse club and dollar stores totaled $54.9 billion, up 9.3% from $50.
WBA, Express Scripts boost group purchasing relationship
Express Scripts Holding Co. and Walgreens Boots Alliance (WBA) are expanding their group purchasing efforts to include the procurement of specialty branded drugs.
Albertsons-Rite Aid to create wellness powerhouse
The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review.
Walmart closes out fiscal 2018 on strong note
Walmart saw sales rise for its 2018 fourth quarter and fiscal year, fueled by gains across its key divisions as well as robust e-commerce growth. Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from a year earlier.
CVS, Walmart make list of 50 Most Innovative Companies
CVS Health and Walmart have been named to the 2018 Fast Company 50 Most Innovative Companies list. On this year’s 50 Most Innovative Companies listing, CVS finished in the top 10, coming in at No. 7 for “cleaning up the aisles,” Fast Company said. CVS had last made the list in 2016,
Albertsons Cos., Rite Aid to merge
Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and
Allpoint ATM network expands presence at Walgreens
Allpoint Network now has surcharge-free ATMs at nearly 7,000 Walgreens locations nationwide, including for the first time in Alaska, Michigan and Nebraska.
Pharmasave pharmacies in Alberta adopt PrescribeIT
Two Pharmasave stores in Lethbridge are the first pharmacies in Alberta to participate in PrescribeIT, Canada’s recently launched electronic prescription platform.
Reports: WBA in talks to buy AmerisourceBergen
Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports.
Rite Aid stocks up to help battle the flu
As flu cases mount in one of the most severe U.S. flu seasons in the past decade, Rite Aid Corp. is ensuring that its pharmacies are well-prepared. Rite Aid said Monday that its pharmacies are stocked with flu shots, which are available on a walk-in basis at all locations, as well
Canadian drug chains to take hit from generic price cuts
Pharmacy operators across Canada will be hit hard by lower generic drug prices set to take effect this spring, said Metro Inc. chief executive officer Eric La Fleche.