Dollar Tree names new COO
Michael Witynski has been appointed chief operating officer at Dollar Tree Inc.
Retail News
Reports: A&P mulling bankruptcy filing
MONTVALE, N.J. – A&P may be on the verge of filing for bankruptcy protection, possibly as early as this week, according to published reports.
NCPA: Balanced approach needed to thwart Part D fraud
The National Community Pharmacists Association has called on Congress, Medicare and industry stakeholders to strike a balance in stamping out fraud in Medicare Part D while preserving patient access to critical medications.
Consumers: Don’t impede access to PSE medicines
A survey by the Asthma and Allergy Foundation of America (AAFA) has revealed consumer concerns about access to over-the-counter cold/cough and allergy medicines containing pseudoephedrine (PSE).
CVS, Walgreens take part in youth jobs coalition
CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people.
Industry mourns passing of Jack Futterman, former Pathmark CEO
Jack Futterman, former chairman and chief executive officer of Pathmark Stores and a former chairman of the National Association of Chain Drug Stores, died Monday at age 82.
SDM, Loblaw support medicine take-back campaign
Shoppers Drug Mart has teamed up with the Partnership for a Drug-Free Canada (PDFC) for a National Medicine Take-Back Campaign that will run from July to December.
NACDS hails House passage of 21st Century Cures
The U.S. House of Representatives has passed the 21st Century Cures Act (H.R. 6), which the National Association of Chain Drug Stores said will speed the pace of cures and medical breakthroughs and position pharmacy to play a pivotal role in the delivery of new drug treatments to patients.
NCPA applauds lawmakers’ pursuit of MAC pricing transparency
Eleven congressmen have asked the Centers for Medicare & Medicaid Services (CMS) for information on the enforcement of transparency measures for generic drug payments in Medicare Part D plans for 2016. The National Community Pharmacists Association said Thursday that this week U.S. Reps.
Fred’s enlists A.T. Kearney to spur Rx business
Fred’s Inc. has retained global management consulting firm A.T. Kearney to help the retailer grow its pharmacy business. In reporting June sales on Thursday, the discount store chain noted that its expanded specialty pharmacy operation were a key driver of revenue growth for the month.
Pessina named CEO of Walgreens Boots Alliance
Walgreens Boots Alliance Inc. announced executive vice chairman Stefano Pessina as its permanent chief executive officer in reporting increased sales and earnings for its fiscal 2015 third quarter. The company said Thursday that its board of directors appointed Pessina as CEO, effective immediately.
Albertsons files for IPO
BOISE, Idaho – Food and drug retailer Albertsons Cos. is looking to go public. The company on Wednesday said that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock.
CVS exiting U.S. Chamber of Commerce over smoking
CVS Health is leaving the U.S. Chamber of Commerce because of its stance on global anti-smoking laws, a company spokesman confirmed.
Jean Coutu Group tallies sales gains in 1Q
Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.
Benzer Pharmacy adds specialty Rx executive
Michael LaBrecque has joined Benzer Pharmacy as vice president of specialty pharmacy. The drug chain said Monday that LaBrecque will be responsible for the overall project oversight, budget, staffing, planning and project management for specialty pharmacy.
Dollar Tree closes Family Dollar acquisition
Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.