Walgreens hits the road for Way to Well tour
Furthering its mission to promote preventive health care, Walgreen Co. has embarked on its Way to Well Health Tour with AARP for 2013.
Retail News
NACDS Foundation awards Rx student scholarships
Six pharmacy students have received Pharmacy Student Scholarship Awards, totaling $30,000, from the National Association of Chain Drug Stores Foundation.
CVS Caremark hires chief digital officer
Staples Inc. executive Brian Tilzer has joined CVS Caremark Corp. as chief digital officer.
Rite Aid gives update on debt refinancing
Rite Aid Corp. has released details on an amended credit facility and new terms loans as part of debt refinancing transactions initiated earlier this month.
Magnacca leaves Walgreens to take reins at Radio Shack
Joe Magnacca, who earlier this month was promoted to executive vice president at Walgreen Co., has left the company to join RadioShack Corp. as chief executive officer. RadioShack said late Thursday that Magnacca is slated to take the CEO reins on Feb. 11. He also has been named a board member
NACDS touts findings of CMS study on MTM
A new Centers for Medicare & Medicaid Services (CMS) study on medication therapy management brings "further proof" of the benefits of pharmacist-led MTM services in improving patient health and mitigating medical costs, according to Steve Anderson, president and chief executive officer of the Nation
Shoppers Drug Mart finishes fiscal year on high note
Shoppers Drug Mart Corp. ended fiscal 2012 with solid revenue gains for the fourth quarter and full year, along with upticks in earnings per share. Canada’s largest drug chain said Thursday that for the fourth quarter ended Dec. 29, total sales rose 4.4% year over year to $2.72 billion (Canadian).
Rexall meets flu shot demand in Ontario
Rexall Pharma Plus has become a top consumer destination for flu shots in Ontario since the province expanded the range of services that pharmacists can perform.
Medicine Shoppe Canada deploys health media network
Medicine Shoppe Canada has enlisted media software provider ScreenScape to implement a digital signage network that connects its pharmacies across Canada and presents value-added health care information to customers.
Shopko’s mobile pharmacy app builds following
Shopko reports that pharmacy customers are embracing its mobile application to help manage their prescriptions. The retailer said Tuesday that more than 1,000 prescriptions a day are being refilled via the Shopko mobile pharmacy app, introduced last year, and that number is rising fast.
CVS closes deal to buy Brazilian drug chain
CVS Caremark Corp. has acquired Drogaria Onofre, a Sao Paulo, Brazil-based retail drug chain with 44 stores. Larry Merlo, president and chief executive officer of CVS Caremark, said Wednesday during a conference call on the company’s fourth-quarter results that the Onofre deal closed late last week.
FDA urged to nix plan to reschedule hydrocodone medications
Patient and health care groups, including the pharmacy community, are calling on the Food and Drug Administration to reject the rescheduling of combination hydrocodone products from Schedule III to Schedule II.
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.