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Retail News

Rite Aid sees 2Q earnings rise, cuts full-year outlook

Rite Aid Corp. surpassed Wall Street’s earnings forecast for its fiscal 2015 second quarter but lowered its profit outlook for the full year, citing slimmer margins from generic drugs. Rite Aid said Thursday that net income for the second quarter ended Aug. 30 came in at $127.8 million, or 13 cents

NACDS gives heads-up on rescheduling of hydrocodone

The National Association of Chain Drug Stores has prepared a resource to help members better understand the impact of the Drug Enforcement Administration’s new rule that reschedules hydrocodone combination products (HCPs) into Controlled Substance Schedule II medications.

Drug chains energize food and beverage mix

Food and beverage sales are thriving at drug chains as operators continue to stretch the bounds of their offerings with new segments and presentations. The Fresh Day Cafe at Rite Aid’s recently remodeled store in Beverly Hills, Calif. Rite Aid Corp.’s remodeled unit in Beverly Hills, Calif.

MinuteClinics set up shop in St. Louis

MinuteClinic has expanded its presence in Missouri with the opening of five new walk-in medical clinics in metropolitan St. Louis. Parent company CVS Health said Thursday that the new MinuteClinics are located in CVS/pharmacy stores in Creve Coeur, Ellisville, O’Fallon, St. Peters and St.

Walgreens tabbed as Apple Pay merchant

Walgreens and Duane Reade are among the initial retailers to support Apple Pay, a new mobile payment system from Apple that addresses key merchant concerns about security in the wake of data breaches at large retailers.

Cardinal Health names CFO, pharmaceuticals CEO

Cardinal Health Inc. has named Michael Kaufmann as chief financial officer and Jon Giacomin as chief executive officer of the drug distributor’s pharmaceutical segment. Michael Kaufmann and Jon Giacomin Cardinal Health said Thursday that Kaufmann is slated to take the CFO reins on Nov. 11.

NABP rolls out .pharmacy domain for online Rx

The National Association of Boards of Pharmacy (NABP) has launched the .pharmacy generic top-level domain (gTLD), designed to provide consumers worldwide with an easy way to identify safe, legal online pharmacies and related resources. Through its .