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Retail News

NACDS Foundation funds Rx management research

The National Association of Chain Drug Stores Foundation has awarded research grants to three universities to examine how community pharmacy-provided medication management in care teams such as medical homes and accountable care organizations (ACOs) impact patient health outcomes.

CVS Caremark caps off 2012 with strong 4Q

Double-digit revenue gains helped drive increased earnings at CVS Caremark Corp. for the 2012 fourth quarter and fiscal year. The company said Wednesday that net revenue for the three months ended Dec. 31 rose 10.9% to $31.4 billion from $28.3 billion a year earlier.

Walgreens sees same-store sales gain in January

Growth in pharmacy business, fueled by the severe flu season, helped boost same-store sales at Walgreen Co. in January. Walgreens said Tuesday that comparable-store sales rose 3.7% in January, with calendar day shifts positively impacting results by 1.

Supervalu hands reins to new CEO

Supervalu Inc. has installed Sam Duncan as president and chief executive officer, moving up the date for the former OfficeMax CEO to begin running the reorganized food and drug retailer.

Bigger role sought for pharmacists in ACOs

The National Community Pharmacists Association and the National Association of Chain Drug Stores are calling for the federal government to expand pharmacists’ role in accountable care organizations (ACOs).

Regional chains find new ways to stay in the game

Regional drug chains that fill the right niche can not only survive, but thrive. That’s the message of successful small pharmacy chains nationwide, many of whom are gathered here for the National Association of Chain Drug Stores Regional Chain Conference.

Rite Aid hires government affairs executive

Yong Choe has joined Rite Aid Corp. as vice president of federal affairs and public policy. The drug chain said Thursday that Choe will oversee development and execution of policy and strategy relating to federal and state health care issues.