An earlier Easter holiday and introductions of lower-priced generic drugs contributed to a same-store sales decrease in April at Rite Aid Corp. Rite Aid said Thursday that for the four weeks ended April 27, comparable-store sales fell 4% year over year, down from a 2% decline in March.
Despite a sales uptick in its franchise store network, Jean Coutu Group turned in a mixed revenue performance and declined earnings for its 2013 fourth quarter and fiscal year.
The influx of new generic drugs hoisted earnings above Wall Street’s forecast but tempered sales growth in the first quarter at CVS Caremark Corp. CVS said Wednesay that for the three months ended March 31, income from continuing operations attributable to CVS Caremark surged 23.
Walgreen Co. plans to open its latest flagship store tomorrow on School and Washington streets in Boston. The drug chain said Tuesday that the multilevel flagship store, set to open at 10 a.m. on May 1, will house a broad collection of products and services not typically found in a traditional drug
CVS Caremark Corp. was among several national companies represented at an event hosted today by President Barack Obama, Vice President Joe Biden, First Lady Michelle Obama and Dr. Jill Biden as part of the Joining Forces initiative.
Robert Edwards is set to become chief executive officer of Safeway Inc. next month with the retirement of longtime CEO Steve Burd. The food and pharmacy retailer said late Monday that Edwards, now Safeway’s president, will take the CEO reins on May 14, when Burd is slated to retire from the chief
Driven by illicit online sellers, the global distribution of counterfeit drugs and substandard medications demands a global response, the National Association of Boards of Pharmacy (NABP) said in a new report.
John Standley, chairman, president and chief executive officer of Rite Aid Corp., has been elected to the board of Supervalu Inc.
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.
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.
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.
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 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.
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.
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 Inc. has entered an online couponing partnership with News Marketing Canada.
