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Retail News

Pharmacy loyalty cards become more prevalent

The proportion of pharmacy customers who say they have a loyalty or discount card or have been offered one has surged, according to the 2013 edition of Boehringer Ingelheim’s Pharmacy Satisfaction Pulse survey.

Target to buy skin care retailer DermStore.com

Target Corp. plans to to acquire the DermStore Beauty Group, which operates the skin care e-commerce site DermStore.com. Terms of the transaction, which is expected to be completed in 60 days, weren’t disclosed.

Health Mart has ‘unique proposition,’ president says

Steve Courtman, president of Health Mart, the 3,126-store pharmacy franchise run by McKesson Corp., is confident the retailer has what it takes to flourish in an environment where the rules that have long governed health care delivery are in the process of being rewritten.

Rexall launches personalized online Rx access

Rexall Pharma Plus has gone live with MyRexall, which gives pharmacy customers personalized access to their prescription and health information. The 426-store Canadian drug chain said Tuesday that by creating a MyRexall account, patients can easily view their medication record online.

CVS Caremark gets 2Q profit lift from new generics

Introductions of new generic drugs helped boost profits at CVS Caremark Corp. for the second quarter as the company exceeded Wall Street’s earnings forecast by a penny. CVS said Tuesday that for the second quarter ended June 30, income from continuing operations attributable to CVS Caremark rose 15.

The Top 10 Pharmacy Retailers

Little has changed in the makeup of the top pharmacy retailers over the past year, but competition is sure to keep intensifying amid the changes being brought by health care reform.

Walgreens’ same-store sales surge in July

Comparable-store sales at Walgreen Co. rose sharply in July, as the return of Express Scripts drug plan members continued to fuel the drug chain’s improving pharmacy results. Walgreens said Monday that comp-store sales advanced 6.3% for July, reflecting a positive impact of 1.

CVS Caremark set to resolve SEC probe

CVS Caremark Corp. said it will pay a penalty after reaching an agreement in principle with the Boston regional office of the Securities and Exchange Commission to resolve an SEC investigation of certain events that occurred in 2009.

Rite Aid reports same-store sales gain for July

Rite Aid reports same-store sales gain for July

Rite Aid Corp. saw comparable-store sales climb for the second straight month in July. The drug chain said Thursday that for the four weeks ended July 27, comp-store sales edged up 1.3% year over year. That continued the retailer’s improving same-store sales results in recent months, including a 0.

Bartell Drugs readies opening of 61st store

Bartell Drugs plans to open its 61st store this week in Seattle’s South Lake Union neighborhood. The Puget Sound-area drug chain said late Tuesday that the 11,600-square-foot store will open on Friday. A ribbon-cutting ceremony is scheduled for Aug.

HHS tallies Medicare Rx savings from ACA

More than 6.6 million people with Medicare have saved over $7 billion on prescription drugs as a result of the Affordable Care Act (ACA) health care reform law, according to new information released by the Department of Health and Human Services (HHS).