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Retail News

Rite Aid acquires Kentucky pharmacy

Rite Aid Corp. has purchased Town Hill Pharmacy, an independent drug store in Louisa, Ky. Terms of the transaction, announced Tuesday by Dallas-based merger-and-acquisition firm The Transition Companies LLC, weren’t disclosed.

USA Drug now officially part of Walgreens

Walgreen Co. has wrapped up its acquisition of regional drug store operator USA Drug. Walgreens announced the closing of the $438 million deal on Monday. Under the agreement, announced in early July, Walgreens purchased 144 drug stores, mainly in the mid-South region, from Stephen L.

CVS doubles up ExtraCare rewards

CVS/pharmacy is enabling shoppers enrolled in its loyalty program to earn bigger rewards on most purchases during the peak fall and winter shopping season. The drug chain said Monday that under a promotion running through Dec.

Health Mart names president, reaches 3,000 pharmacies

Stephen Courtman has been appointed president of Health Mart, the drug store franchise network of McKesson Corp. The company also said Monday that Health Mart reached a milestone this month with the opening of its 3,000th member pharmacy.

CVS Caremark appoints general counsel

Thomas Moriarty has been named executive vice president and general counsel at CVS Caremark Corp. CVS said Monday that Moriarty takes over from Douglas Sgarro, who retired in May after more than 14 years with the company.

Walgreens off to fast start with loyalty program

Walgreens off to fast start with loyalty program

Walgreen Co. is getting off to a strong start with its new customer loyalty program, Balance Rewards. The nation’s largest drug chain said Saturday that so far, over 1 million customers have signed up for the program since Sept. 6, when Walgreens launched its online-only enrollment process.

Survey: Many struggle to pay for prescriptions

Survey: Many struggle to pay for prescriptions

Many U.S. consumers rely on multiple prescription drugs and are so strapped for cash that they can’t afford to pay for them, leading them to skip their medications, according to the annual prescription drug poll of Consumer Reports.