Rite Aid’s Standley named to Supervalu’s board
John Standley, chairman, president and chief executive officer of Rite Aid Corp., has been elected to the board of Supervalu Inc.
Retail News
NCPDP offers plan to improve prescription monitoring
The National Council for Prescription Drug Programs (NCPDP) has released an action plan to help standardize prescription drug monitoring programs (PDMPs) to better track and deter abuse of prescriptions for controlled substances.
Health Mart owner testifies on Rx supply chain security
A Health Mart pharmacy owner this week gave his take on pharmaceutical supply chain safety in a congressional hearing. On behalf of the National Community Pharmacists Association, Tim Davis, owner of Beaver Health Mart Pharmacy in Beaver, Pa., testified Thursday at a U.S.
Analysis: What the Affordable Care Act means for Rx
Presume you are an executive manager, owner or operator of a chain of pharmacies, large or small. Or you may manage a chain of food/drug or mass merchandise stores that include pharmacy as an integral part of the entire retail offering.
Shoppers Drug Mart gets earnings lift from 1Q sales gains
Revenue and same-store sales increases helped Shoppers Drug Mart Corp. beat financial analysts’ earnings forecast by a penny for the first quarter. Canada’s largest drug chain said Thursday that for the 12-week first quarter ended March 23, sales rose 3.8% year over year to $2.49 billion (Canadian).
CVS renews Rx distribution pacts with McKesson, Cardinal
CVS Caremark Corp. is continuing its pharmaceutical supply relationships with McKesson Corp. and Cardinal Health Inc. McKesson said Thursday that it has renewed its current distribution agreement with CVS Caremark. For McKesson’s 2012 fiscal year, CVS Caremark and Rite Aid Corp.
CVS grants help fund community chronic disease programs
The CVS Caremark Charitable Trust has awarded $1 million in grants to 21 community health centers to support programs on treatment and management of chronic diseases.
H-E-B’s Loeffler honored with Fantle Award
Robert Loeffler, former chief executive officer of H-E-B, has been recognized by the National Association of Chain Drug Stores with its highest honor, the Sheldon W. Fantle Lifetime Achievement Award.
Uniprix taps online couponing network
Uniprix Inc. has entered an online couponing partnership with News Marketing Canada.
New NACDS chairman: ‘We can serve as front line of health care’
In his first remarks as National Association of Chain Drug Stores chairman, Thrifty White Pharmacy president and chief executive officer Robert Narveson stressed the need to help shape public policy to improve patient outcomes.
APhA lists top pharmacist-recommended OTCs
The American Pharmacists Association (APhA) has released the results of its survey on which over-the-counter products were most recommended by pharmacists to their patients last year.
NACDS Foundation announces Pharmacy Partners scholarships
A total of $230,000 has been awarded to pharmacy schools by the National Association of Chain Drug Stores Foundation via its 2013 Pharmacy Partners Scholarship Program.
Bull market for drug chain stocks
Stock prices for the nation’s three largest drug chains are on a tear. Walgreen Co., CVS Caremark Corp. and Rite Aid Corp. shares all reached new 52-week highs as of mid-morning trading on Tuesday. Rite Aid shares ranged from $2.44 to $2.52 on Tuesday, with the latter marking the drug chain’s peak
Health Mart programs, services boost customer loyalty
Health Mart is helping member pharmacies draw new customers and maximize customer loyalty via investments in technology solutions and clinical services.
NACDS announces new officers, board members
The National Association of Chain Drug Stores has named new officers, two new Executive Committee members and four new board members for the 2013-14 term.
Target cites pharmacists as allergy resource
Target Corp. is pointing allergy sufferers to its pharmacists for advice on dealing with their symptoms during what experts predict will be a longer, more intense allergy season. The discount store chain said Monday that a new Target survey finds that nearly seven out of 10 U.S.