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Retail News

AmerisourceBergen lands pact with Express Scripts

AmerisourceBergen Corp. has entered a multiyear agreement to supply pharmaceuticals to Express Scripts Inc., which has opted to let its current distribution pact with Cardinal Health Inc. lapse. AmerisourceBergen said Tuesday that under the three-year deal, it will supply about $18.

Paragon shareholders OK sale to Shoppers Drug Mart

Shareholders of Paragon Pharmacies Ltd. have given the green light to the western Canada drug chain’s sale to Shoppers Drug Mart Corp. Paragon said the $73.5 million (Canadian) deal was approved at the company’s shareholders meeting late last week in Winnipeg, Manitoba.

Supervalu ousts CEO Herkert

Struggling food and drug retailer Supervalu Inc. has named chairman Wayne Sales as chief executive officer, replacing Craig Herkert. Supervalu said Monday that Sales, 62, will continue to serve as chairman and that board member Philip Francis has been elected lead director.

Walmart debuts PL diabetes care line

Walmart on Tuesday launched a private label diabetes care line that it said could save U.S. patients up to $60 million annually. The ReliOn products promise an affordable, quality option to help the country’s nearly 26 million individuals with diabetes. The ReliOn Prime meter is priced at $16.

NABP flags illegal online drug sellers

A National Association of Boards of Pharmacy (NABP) examination of more than 10,000 websites selling prescription drugs found that 97% were operating out of compliance with U.S.

Jean Coutu Group board adds new member

The board of Jean Coutu Group has elected Cora Mussely Tsouflidou as a director. The Canadian drug chain said late Wednesday that Tsouflidou was voted onto the Jean Coutu Group board at the company’s recent shareholders meeting.

Sales climb in 2Q at Shoppers Drug Mart

Shoppers Drug Mart Corp. saw revenue and same-store sales edge up for its 2012 second quarter. The Canadian drug chain’s net earnings dipped in the second quarter versus a year ago, although earnings per share rose and were in line with the consensus estimate of financial analysts.

Walgreens, Express Scripts settle contract dispute

Walgreens, Express Scripts settle contract dispute

Walgreen Co. and Express Scripts Inc. have reached a multiyear pharmacy network agreement that includes rates and terms under which the nation’s largest drug chain will participate in the broadest Express Scripts retail pharmacy network available to new and existing clients.

Winn-Dixie rolls out prescription discount program

Winn-Dixie has launched a prescription savings program offering deep discounts on more than 400 generic drugs and various levels of savings on brand-name medications and other generics. The Rx discount program runs through the Winn-Dixie Reward Card.

NACDS, NCPA brief Senate caucus on Rx abuse

The National Association of Chain Drug Stores and the National Community Pharmacists Association provided comment to a Senate caucus on the pharmacy sector’s engagement in the prevention of prescription drug abuse.

Duane Reade promotes electric vehicle use

To help reduce vehicle air pollution, Duane Reade is asking to New Yorkers which of its drug stores should be served solely by electric trucks. The Manhattan-based drug chain, part of Walgreen Co.