Jean Coutu Group and its franchised drug store network saw robust sales gains for the fiscal 2012 fourth quarter and ended the year on an up note. The Canadian pharmacy retailer also reported increased profit, exceeding the earnings-per-share (EPS) forecast of financial analysts.
Gains in the pharmacy and front end lifted same-store sales at Rite Aid Corp. for April. The drug chain said Thursday that for the four weeks ended April 28, comparable-store sales rose 2.9%, down from the 3.6% comp-store sales increase in March but continuing a string of monthly gains over the
CVS Caremark Corp. posted sharp revenue and same-store sales gains for the first quarter as its retail pharmacy business reaped the benefits of the contract impasse between rivals Walgreen Co. and Express Scripts Inc.
Walgreen Co. has boosted vaccine availability in Massachusetts with new state regulations that permit pharmacists to administer a broad range of immunizations.
CVS/pharmacy has rolled out an updated mobile application that enables shoppers to digitally store their ExtraCare loyalty card in a smartphone. The drug store chain said Tuesday that the upgraded mobile app eliminates the need for customers to carry their ExtraCare card when shopping.
Retail clinics and big-name medical centers are set for a growth surge, industry experts said at the American Telemedicine Association’s annual meeting here this week.
Mississippi and Minnesota are the latest states to offer legislation to curb audits of pharmacies by pharmacy benefit managers (PBMs).
Walgreen Co. is offering pertussis immunizations at its approximately 275 points of care in Arizona as health officials in the state are urging residents to make sure they’re vaccinated against whooping cough.
Retail pharmacy’s role with accountable care organizations (ACOs) is among the hot topics in health care, and Sav-Mor Franchising is performing due diligence to gauge its participation in that area of health care reform, president and chief executive officer Richard Grossman said.
The National Association of Chain Drug Stores voiced its support for the Senate legislative package that will serve as a starting point for the reauthorization of the Prescription Drug User Fee Act (PDUFA).
After a letup in the pace of expansion, the Uniprix Group has been able to re-energize its activity. President and chief executive officer François Castonguay said the Canadian drug chain had eight new units come aboard last year and it expects to add another 12 in the current year.
To cultivate their role as health care providers, community pharmacists must provide value to patients beyond the clinical benefits of the medicine they’ve been prescribed, according to Chuck Wilson, vice president of pharmacy operations for Health Mart.
Robust front-end business lifted sales and earnings at Shoppers Drug Mart Corp. in the first quarter. The Canadian drug chain said Thursday that for the first quarter ended March 24, total revenue rose 2% to $2.39 billion (Canadian) from nearly $2.35 billion a year earlier.
For the chain drug retailing sector, the next several years or more will be crucial, according to Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores.
A federal judge has denied an effort by retail pharmacy groups to prevent pharmacy benefit managers Express Scripts Inc. and Medco Health Solutions Inc. from merging. Published reports said Judge Cathy Bissoon of the U.S.
The National Association of Chain Drug Stores has recognized Andy Giancamilli, former chief executive officer of Katz Group Canada, with the Sheldon W. Fantle Lifetime Achievement Award and M. Jerome Brown, former vice president of industry and customer development at Unilever, with the Robert B.
