Skip to content

Retail News

CVS Caremark sees 3Q profit, sales surge

CVS Caremark sees 3Q profit, sales surge

Income from continuing operations rose nearly 17% during the third quarter at CVS Caremark Corp., as its pharmacy benefit management segment drove a double-digit sales surge. CVS said Tuesday that income from continuing operations for the three months ended September 30 climbed 16.7% to $1.

Walgreens unveils ‘green’ private-label line

Walgreen Co. has begun the rollout of Ology, which it calls the first nationally accessible and affordable brand of home products free of harmful chemicals. Due to be available nationwide this month, Ology includes baby care and personal care products and household cleaners.

Rx Response aids in Hurricane Sandy response

Rx Response, an initiative of the nation’s pharmaceutical supply chain, is working closely with federal, state and local government agencies to address the impact of Hurricane Sandy on the supply of prescription drugs.

H.D. Smith wraps up Valley Wholesale Drug purchase

H.D. Smith has finalized its acquisition of Valley Wholesale Drug. The pharmaceutical distributor said Friday that under the agreement announced in mid-October, Valley Wholesale will be run as a wholly owned subsidiary of H.D. Smith. Terms of the deal weren’t disclosed.

October sales down but improve at Walgreens

October sales down but improve at Walgreens

Same-store sales improved but remained on the downside at Walgreen Co. for October, with Hurricane Sandy impacting results at the end of the month. Walgreens said Monday that comparable-store sales fell 5.9% in the period through Oct. 31, better than the 11.1% decrease reported for September.

Rite Aid gauges sales impact of Hurricane Sandy

Rite Aid Corp. said consumer preparations for Hurricane Sandy gave a lift to same-store results in October but reported that the storm will negatively impact comparable-store sales for November. The drug chain said Thursday that for the four weeks ended Oct. 27, same-store sales fell 1.

Walgreens, Alliance Boots form joint venture

Walgreen Co. and Alliance Boots have set up a joint venture company as part of their strategic partnership. Walgreens said Tuesday that the new company, Walgreens Boots Alliance Development GmbH, was created for the partners’ synergy program. The joint venture is based in Bern, Switzerland.