Organized retail crime legislation endorsed by NACDS
The National Association of Chain Drug Stores is hailing the Senate’s approval of a bipartisan bill aimed at battling organized retail crime and bolstering consumer safety.
Retail News
Rite Aid enlists in-store marketing firm
Rite Aid Corp. has entered a multiyear partnership with Valassis to develop and execute in-store marketing and media programs. According to Valassis, a Livonia, Mich.
CVS helps Medicine Abuse Project get message out
As part of its sponsorship of The Partnership at Drugfree.org’s The Medicine Abuse Project, CVS Caremark Corp. will ask millions of its customers to take the project’s pledge to learn about teen medicine abuse, safeguard medicines in the home and talk to teens about drug misuse and abuse.
Boom projected for retail health clinic market
A continuing shortage of primary care doctors and overburdened emergency rooms are pushing a rising number of consumers to retail health clinics and urgent care centers, according to a study by Marketdata Enterprises Inc.
McKesson names U.S. Pharmaceutical president
McKesson Corp. has appointed Mark Walchirk, a top executive in its specialty drug unit, as president of McKesson U.S. Pharmaceutical, the company’s largest business. The pharmaceutical distributor said Monday that Walchirk takes over as U.S.
CVS has upbeat outlook for pharmacy business
CVS Caremark Corp. forecasts a strong finish to 2012, and its pharmacy business is looking forward to retaining new patients gained from the contract impasse between rivals Walgreen Co. and Express Scripts Inc.
NACDS pharmacy tours have impact with lawmakers
As the presidential campaign season kicks into high gear, the National Association of Chain Drug Stores said its grassroots advocacy program, NACDS RxImpact, is "having a banner year" in giving lawmakers a firsthand look at the value of community pharmacy.
Rite Aid reduces net loss in second quarter
Rite Aid Corp. trimmed its net loss, beating Wall Street’s forecast, but saw sales dip for its fiscal 2013 second quarter. Rite Aid said Thursday that revenue for the 13-week quarter ended Sept. 1 fell 0.6% to $6.2 billion from $6.3 billion a year earlier. The company attributed the decrease mainly
CVS Caremark OK’s $6 billion stock buyback program
The board of CVS Caremark Corp. has approved a new share repurchase program for up to $6 billion of the company’s outstanding common stock. The company said Wednesday that this new stock buyback program is slated to be completed over a multiyear period.
Walmart incentivizes healthier food purchases
As food and drug retailers strive to promote health and wellness, Walmart is giving consumers some incentive to make better choices in the grocery aisles. The discount store giant and partner HumanaVitality, a subsidiary of health insurer Humana Inc.
MinuteClinic affiliates with Oklahoma medical group
MinuteClinic has formed a clinical affiliation with OU Physicians, Oklahoma’s largest physician group with more than 560 doctors.
Walgreens, Rx Response aid access to meds after disaster
Walgreen Co. and Rx Response, an initiative of the pharmaceutical supply system, have teamed up to help ensure patient access to medications after a natural disaster.
Study: Few Medicare Part D beneficiaries pick lowest-cost plan
Most Medicare Part D beneficiaries are paying more out of their own pockets than they need to, a study by eHealth Inc. reveals.
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.
NCPA: Pharmacists say PBM audits undermine patient care
A study by the National Community Pharmacists Association finds that some auditing and reimbursement practices by pharmacy benefit managers are harming community pharmacists’ ability to provide patient counseling and care to seniors.
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.