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Retail News

NACDS opens registration for 2014 Annual Meeting

The National Association of Chain Drug Stores has begun registration for the 2014 NACDS Annual Meeting. NACDS said Friday that online registration for the event, to be held April 26 to 29, 2014, in Scottsdale, Ariz., is available on the association’s website at annual.NACDS.org.

Pharmaca rolls out Natural Beauty Bar to more stores

Pharmaca Integrative Pharmacy Inc. has brought its Natural Beauty Bar services, launched a year ago, to another five locations. Pharmaca said Thursday that it now offers the Natural Beauty Bar in its Brentwood, Menlo Park, Novato and Oakland, Calif., stores and in its Portland, Ore., store.

Jean Coutu Group no longer a Rite Aid stakeholder

Jean Coutu Group no longer a Rite Aid stakeholder

The Jean Coutu Group has sold its remaining shares of Rite Aid Corp., divesting its equity stake in the U.S. drug chain. Jean Coutu Group said that on Thursday it completed the sale of 65,401,162 shares of Rite Aid common stock for $192.2 million (U.S.), which will result in a $94.1 million

Sales at Shoppers Drug Mart climb in 2Q

Shoppers Drug Mart Corp. saw revenue and same-store sales rise in the second quarter of 2013, while earnings topped analysts’ forecast by a penny. Canada’s largest drug chain reported the positive results just days after announcing a blockbuster deal to be acquired by Loblaw Cos. for $12.

NACDS, NCPA cite Medicaid reimbursement flaws

NACDS, NCPA cite Medicaid reimbursement flaws

The National Association of Chain Drug Stores and the National Community Pharmacists Association have expressed concerns about "fair and accurate" Medicaid pharmacy reimbursement after the Centers for Medicare & Medicaid Services (CMS) published draft, three-month rolling average federal upper limit

MinuteClinic serves up weight-loss program

MinuteClinic has introduced the Weight Loss Program at MinuteClinic, a personalized program designed to help people lose weight and live a healthier lifestyle The CVS Caremark retail health clinic subsidiary said Monday that the program leverages the DASH (Dietary Approaches to Stop Hypertension) di

Loblaws to acquire Shoppers Drug Mart

Loblaws to acquire Shoppers Drug Mart

Loblaw Cos. is acquiring Shoppers Drug Mart for $12.4 billion (Canadian) in a cash and stock deal. Under the agreement announced Monday, Shoppers Drug Mart will retain its name and brand and operate as a separate division of Loblaws.

Walmart Neighborhood Market debuts in N.Y.

Walmart has opened its first Neighborhood Market in New York state, settling in a location that shows the competitive challenge faced by drug chains and other retailers as the discount store giant rolls out smaller formats with pharmacies.