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.
Retail News
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.
Rite Aid hires risk management executive
Risk management professional Paul Zikmund is joining Rite Aid Corp. as group vice president of risk and controls, a newly created position. Rite Aid said Monday that Zikmund will oversee risk management for Rite Aid and its subsidiaries, including RediClinic, Health Dialog and EnvisionRx.
Cardinal Health wraps up purchase of Harvard Drug
Cardinal Health Inc. has closed its $1.115 billion acquisition of pharmaceutical distributor Harvard Drug Group.
Walmart alters supplier terms
Walmart will begin charging most of its suppliers new fees for stocking their products in new stores and for storing them in its warehouses.
Rite Aid shows sales gains for June
Rite Aid Corp. posted a 2.4% same-store sales gain for June. Front-end comparable-store sales increased 0.3% over the prior-year period. Pharmacy same-store sales, which included a negative impact from new generic introductions of about 226 basis points, increased 3.4%.
Drug supply tracing deadline extended
Pharmacies have a four-month extension — until November 1 — to comply with the full scope of new dispenser tracing requirements under the Drug Supply Chain Security Act (DSCSA).
Ellis retires as president and COO of Kroger
CINCINNATI – Kroger Co. announced that president and chief operating officer Mike Ellis has retired after four decades with the company. Ellis, 57, will be returning to Portland, Ore., the company said on Tuesday. Ellis started as a parcel clerk at a Fred Meyer store in 1975.