New coalition makes medication adherence its mission
CVS Caremark Corp. and the National Association of Chain Drug Stores are among the members of a new national partnership formed to improve medication adherence rates.
Retail News
Rite Aid reports same-store sales decline for April
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.
Jean Coutu sees mixed results in 4Q, full year
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.
New generics boost CVS Caremark’s 1Q profit
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.
Walgreens readies opening of Boston flagship store
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 partakes in White House event supporting hiring of veterans
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.
Safeway names successor for CEO Burd
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
NABP calls for global effort to combat illegal online Rx sales
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.
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.
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.