Rite Aid Foundation makes another donation for flood relief
The Rite Aid Foundation has donated an additional $50,000 to the American Red Cross Louisiana Capital Area to help with flood relief efforts in the greater Baton Rouge area.
Retail News
WBA increases stake in AmerisourceBergen
Walgreens Boots Alliance Inc. said on Friday that it had agreed with AmerisourceBergen Corp. to amend the second tranche of warrants held by WBA to purchase AmerisourceBergen common stock to allow immediate exercise of the warrants, giving WBA nearly 24% of AmerisourceBergen’s outstanding equity.
Loblaw to acquire medical records company QHR
Loblaw Cos. has agreed to acquire Canadian health care technology company QHR for $170 million. QHR is a leader in the electronic medical records (EMR) market, providing software for health care providers and patients. Loblaw will buy QHR’s outstanding common shares for $3.
Walgreens: HIV patient adherence higher at specialized pharmacies
Medication adherence rates improve for patients with human immunodeficiency virus who are treated at HIV specialty pharmacies, according to research from Walgreens.
RediClinic to open co-branded clinics in N.J.
Rite Aid Corp.’s RediClinic has formed a joint venture with New Jersey health system Hackensack Meridian Health to open co-branded retail clinics. Plans call for the first of 10 clinics to start opening later this year, RediClinic said Tuesday.
CVS mobile pharmacy sets up at Baton Rouge-area store
Over the weekend, CVS Pharmacy deployed a mobile pharmacy to serve customers of store damaged by the historic rainfall and flooding in greater Baton Rouge, La. CVS said it opened the mobile pharmacy on Saturday in the parking lot of its Denham Springs, La., store, which sustained water damage.
NACDS, NFID webinar to focus on adolescent vaccinations
ARLINGTON, Va. – The National Association of Chain Drug Stores and the National Foundation for Infectious Diseases (NFID) are holding a live webinar on vaccinations for adolescents.
CVS: Interventions yield savings with chronic patients
Interventions that keep chronic disease patients on their medications are “extraordinarily cost-effective,” according to CVS Health.
Walgreens links rewards card with Android Pay
Walgreens has integrated its Balance Rewards customer loyalty program with Google’s Android Pay mobile payment platform.
Retailing veteran Persaud leaves Shopko
Retail and pharmacy industry veteran Andre Persaud has left Shopko Stores Operating Co. to pursue new opportunities.
Fred’s creates pharmacy COO post
Timothy Liebmann has been promoted to chief operating officer of pharmacy, a newly created position, at Fred’s Inc. Fred’s said late Thursday that Liebmann succeeds Rick Chambers, executive vice president of pharmacy operations, who is retiring.
Genoa to acquire pharmacies from Advanced Care
Genoa has agreed to acquire the behavioral health and residential care services division of Advanced Care Pharmacy Services. Financial terms of the transaction weren’t disclosed.
Walmart sees ‘positive momentum’ in 2Q
Walmart earned $1.07 per share in the fiscal second quarter, slightly lower than its $1.08-per-share profit a year ago but above Wall Street’s consensus forecast of $1.02. The retail giant said Thursday that revenue grew 0.5% to $120.
Rite Aid, EnvisionRx start 90-day at retail program
A new prescription drug program from Rite Aid Corp. and its EnvisionRx pharmacy benefit management arm gives patients with chronic conditions more flexibility in getting their maintenance medications.
Target reports declined 2Q sales, earnings
Target Corp. posted a 7.2% decrease in revenue and a 9.7% decline in net earnings for the second quarter. Target said Wednesday that adjusted earnings per share were $1.23 for the second quarter ended July 30, well above analysts’ projections of $1.13, on revenue of nearly $16.
Fred’s appoints new chief merchant
Bryan Pugh has resigned as chief merchant at Fred’s Inc. and has been replaced by Mary Lou Gardner. Fred’s said late Tuesday that Gardner takes over Pugh’s role as executive vice president and chief merchandising and marketing officer effective immediately.