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Retail News

Same-store sales rise in November at Walgreens

Walgreen Co. saw same-store sales edge up in November despite a mild flu season impacting pharmacy business. Walgreens said Wednesday that comparable-store sales rose 3.2% in November, reflecting negative impacts of 1.

Rite Aid board elects new member

Health care industry veteran Myrtle Potter has joined Rite Aid Corp.’s board of directors. The drug chain announced the election of Potter to its board on Tuesday. She is currently chief executive officer of Myrtle Potter & Co.

PCMA, NCPA at odds over CMS analysis of Part D mail order cost

A Centers for Medicare & Medicaid Services (CMS) analysis of the cost of mail order pharmacies versus retail pharmacies for Medicare Part D is drawing diverging conclusions from the Pharmaceutical Care Management Association (PCMA) and the National Community Pharmacists Association (NCPA).

MinuteClinic enters New Hampshire market

MinuteClinic has opened its first walk-in medical clinic locations in New Hampshire. The CVS Caremark Corp. subsidiary said Tuesday that the market entry represents the 28th state where it has retail clinics. MinuteClinics are now open inside CVS/pharmacy stores in Concord and West Lebanon, N.H.

Rite Aid serves up discounted flu shots

Starting this past Sunday, Rite Aid Corp. has begun offering discounted flu shots to sway more people to get inoculated. Rite Aid said Monday that it’s reducing the price of a flu vaccination to $24.99, a savings of $5, in support of National Influenza Vaccination Week, which runs Dec. 8 to

CMS: Seniors saved $8.9 billion on Rxs due to ACA

Seniors and people with disabilities with Medicare prescription drug plan (PDP) coverage saved nearly $9 billion to date on prescription drugs as a result of the Affordable Care Act, according to new data from the Centers for Medicare & Medicaid Services (CMS).

APhA meets at White House for ACA discussion

The American Pharmacists Association (APhA) and other members of the pharmacy community participated in a meeting at White House yesterday to discuss progress in the rollout of the Affordable Care Act (ACA).

USP joins effort to ‘Fight the Fakes’

The United States Pharmacopeial Convention (USP) has teamed up with other global health organizations in "Fight the Fakes," a campaign to boost awareness and stop the proliferation of counterfeit and substandard medicines.

CVS Caremark to buy Coram infusion business

CVS Caremark Corp. plans to acquire Coram LLC, the specialty infusion services and enteral nutrition business of home health care provider Apria Healthcare Group, for $2.1 billion. CVS said Wednesday that the agreement will expand its specialty pharmacy services, a key growth area.

Pharmacy business grows at Fred’s

For the first time, pharmacy sales topped 40% of the quarterly revenue mix at Fred’s Inc. The discount general merchandise chain said Tuesday that total revenue rose 2% to $460.5 million for the third quarter ended Nov. 2, with pharmacy sales climbing by more than 8%. Net income came in at $7.3