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Retail News

Sobeys wraps up Canada Safeway acquisition

Sobeys Inc. has closed its purchase of Canada Safeway Ltd. from U.S. food and drug retailer Safeway Inc. Canada’s Competition Bureau late last month had cleared the way for Sobeys to complete the transaction.

Medical Pharmacies Group closes Desjardins acquisition

Medical Pharmacies Group Ltd. has completed its acquisition of Desjardins Healthcare Group, an Ottawa-based provider of specialty pharmacy services and medical supplies and equipment. Medical Pharmacies said Friday that work is "well under way" to integrate the companies’ operations.

FDA takes aim at drug shortages

The Food and Drug Administration has announced a pair of new measures to prevent and resolve drug shortages, which the agency called a "significant public health threat" that can impact patient access to critical medications.

London Drugs adds biometrics passport photo service

London Drugs said it’s North America’s first retailer to offer customers biometric passport technology based on government standards. The western Canada drug chain said Monday that as of July 1, Canadian passports moved to an e-passport or biometric passport system.

Rite Aid posts same-store sales gain for October

Rite Aid posts same-store sales gain for October

Same-store sales remained on a growth track in October at Rite Aid Corp. Rite Aid said Thursday that for the four weeks ended Oct. 26, comparable-store sales rose 2.1% year over year. That was up from a 1.9% increase in September and continued steady growth in monthly comp-store sales since the

CEO Levin exits Teva

Jeremy Levin has resigned as chief executive officer at Teva Pharmaceutical Industries Ltd. and has been replaced on an interim basis by finance chief Eyal Desheh.

Affordable Care Act emerges intact from budget battle

The Affordable Care Act emerged relatively unscathed from the bruising budget battle as Republicans in the House of Representatives buckled and a compromise proposal approved in both the Senate and House was signed by President Obama.