With congressional committee hearings now focusing on the Obama administration’s 2014 budget proposal, the National Association of Chain Drug Stores reiterated to lawmakers the value that community pharmacy brings to the nation’s health care system.
The leading chain drug retailers upheld their position in the industry last year as ranked by key financial measures. Walgreen Co. again was at the top in sales ($71.63 billion), followed by CVS Caremark Corp. ($63.65 billion, retail pharmacy sales only), Rite Aid Corp. ($25.
New stores are on the way from Discount Drug Mart as the regional drug chain comes off a very good fiscal year. The retailer premiered its 71st unit in March 2012 and plans to add two more this fiscal year. Two other outlets were expanded and remodeled, and next month will see
Canada’s pharmacy community can cut the nation’s health care costs by up to to $11 billion (Canadian) over three years by bringing more cost-effective care to more people, according to a new report.
The Jean Coutu Group has sold over 40% of its shares in Rite Aid Corp., reducing its equity stake in the U.S. drug chain. Jean Coutu said late Tuesday that it completed the sale of 72,500,000 of its 178,401,162 Rite Aid common shares an average price of $2.20 (U.S.) per share, for total
Initiatives by London Drugs to rein in the amount of waste produced by the company and its customers are paying off. The western Canada drug chain said Tuesday that more than 74% of the company’s waste is now recycled or repurposed instead of going to a landfill. London Drugs noted that,
This year, chain drug retailers will be busy preparing for what’s coming up next year.
No one has been more closely involved in the revitalization of Rite Aid Corp. than John Standley. John Standley Arriving at the company in December 1999 as part of an executive team called in after previous management pushed the drug chain to the verge of bankruptcy, Standley, who is now chairman,
Bartell Drugs aims to open a pair of new locations this year as it continues efforts to enhance the shopping experience at its Seattle-area stores. Chairman and chief executive officer George Bartell said that in 2013 the drug chain plans to open store No.
The National Association of Boards of Pharmacy (NABP) envisions a safer online environment for buying medications with its proposed .pharmacy domain suffix. NABP said Monday that it expects the results of the Internet Corporation for Assigned Names and Numbers (ICANN) review process for the .
Navarro Discount Pharmacy has opened its 33rd store, located on NW 7th Street in Miami. The NW 7th Street store in Miami offers a bigger selection of dairy products and other consumables.
CVS/pharmacy is spreading the word of its mobile application’s benefits via a new online promotion that offers up to 1 million free smartphones to consumers.
The leading discount chains are edging out the leading drug store chains when it comes to pricing on over-the-counter medicines, according to Consumer Reports.
An analysis by CVS Caremark Corp. shows that the company reined in its pharmacy benefit management clients’ costs for medications, in part, through an industry-leading dispensing rate for generic drugs.
Adding fuel to its turnaround, Rite Aid Corp. closed out fiscal 2013 with a profit — its first in six years — and in the fourth quarter posted its second consecutive quarter of net income. The earnings for the fourth quarter and full year easily beat Wall Street’s consensus forecast and
By taking a different approach to classifying patient populations, health systems can do a better job of avoiding "triple fail" events, or outcomes that fail to advance population health, reduce health care costs and improve the patient experience, according to a research article from Walgreen Co.
