Fruth Pharmacy enlists pharmacogenetics solution
Taking medication efficacy and safety to an individual level, Fruth Pharmacy plans to offer the Rxight pharmacogenetics program from MD Labs.
Retail News
Walmart 3Q earnings top Wall Street’s forecast
Walmart’s third quarter earnings beat analysts’ expectations, but its sales fell slightly short, dampened by food deflation and unfavorable foreign exchange rates. The company earned $3.03 billion, or 98 cents a share, during the quarter, down from $1.03 per share a year ago.
Rite Aid incents American Express card users
Rite Aid Corp. is providing extra incentive for American Express cardholders to shop in its stores.
Amazon to offer delivery from Bartell Drugs
Amazon.com Inc. has launched free two-hour delivery of products from Bartell Drugs, the first drug chain included in the service. Prime Now members in Greater Seattle can now shop for thousands of health and beauty aids and groceries, including locally sourced products, from Bartells.
Election ’16: Pharmacy holds support in Congress
The chain drug industry upheld its base of pharmacy advocates in Congress despite “one of the most tumultuous election cycles in modern times,” said National Association of Chain Drug Stores president and chief executive officer Steve Anderson.
Bartell Drugs readies launch of 65th store
Bartell Drugs is set to mark the opening of its newest store, in Seattle’s burgeoning Ballard neighborhood. The Puget Sound-area drug chain said is plans to hold a grand opening event for the Ballard store, its 65th overall, on Nov. 19.
Dollar General to open small-format store
Dollar General Corp. plans to open the first of its new small-format stores early next year in Nashville. Dubbed DGX, the new format aims to serve busy metropolitan shoppers with everyday-low prices on daily essential items in a convenient, easy-to-shop format, Dollar General said Wednesday.
Target adds logistics vet Natarajan
Target Corp. has hired former Walmart executive Shekar Natarajan for the newly created role of senior vice president, network planning and operational design, with oversight of Target’s direct-to-store and direct-to-customer shipping operations.
Walgreens sues ex-lab test partner Theranos
Walgreens has filed a breach-of-contract lawsuit against former lab testing partner Theranos Inc., the companies confirmed. The civil suit was filed Nov. 8 in U.S.
CVS Health sales, earnings up for third quarter
CVS Health posted sales gains in both of its business units and adjusted earnings per share above Wall Street’s forecast for the 2016 third quarter.
Retail pharmacy veteran John Fegan retires from Southeastern Grocers
John Fegan has retired as vice president of pharmacy at Southeastern Grocers LLC. The food and drug retailer, the parent company of supermarket chains BI-LO, Harveys and Winn-Dixie, operates more than 500 pharmacies. Fegan joined Winn-Dixie as vice president of pharmacy in June 2008.
Walmart’s Carmen Bauza to join HSN
Walmart executive Carmen Bauza is leaving the company to join interactive media retailer HSN Inc. HSN said Monday that Bauza is slated to join HSN/Home Shopping Network as executive vice president and chief merchandising officer on Nov. 28.
CVS Health to cut 600 corporate jobs
CVS Health plans to terminate about 600 corporate jobs over the next couple of months. The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said.
Target grocery chief to depart
Target Corp. announced that Anne Dament, senior vice president of grocery merchandising, will be leaving the company on Nov. 18 after 18 months in the role. The retailer said it will conduct an extensive search within and outside the company to find Dament’s replacement.
Fred’s reports decreased sales for October
Sales continued to slump at Fred’s Inc. as the company posted declines for October. Fred’s said Thursday that revenue for the four weeks ended Oct. 29 totaled $157.3 million, down 4.2% from $164.2 million a year earlier. Same-store sales decreased 3.4%, compared with a 2.3% uptick a year ago.
Whole Foods co-CEO Robb to step down
Whole Foods Market co-founder John Mackey will take the reins as sole chief executive officer of the company, as Walter Robb steps down from his post as co-chief executive officer.