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Shoppers Drug Mart to buy Paragon Pharmacies

Shoppers Drug Mart to buy Paragon Pharmacies

Shoppers Drug Mart Corp. plans to acquire western Canada drug chain Paragon Pharmacies Ltd. for $75 million (Canadian). Announced late Tuesday, the cash deal includes Paragon’s 19 retail pharmacies and its three central fill pharmacies in British Columbia, Alberta and Manitoba.

CVS ‘free gas’ promo starts up again

CVS/pharmacy is bringing back its "Earn Free Gas" promotion, in which members of its ExtraCare loyalty program can get free gas cards this spring and summer by shopping for household essentials, health and beauty items, and snacks at stores nationwide.

Front end more important than ever for drug chains

Front end more important than ever for drug chains

A catalyst for customer traffic and purchases, the front end continues to gain prominence in drug chains. Revenue from outside the pharmacy contributed more than a third of industry sales last year (35.6%), up dramatically from 28.

Pharmacists in Ontario face cutbacks

The Ontario government is consulting with pharmacy industry stakeholders on achieving $55 million (Canadian) in savings in drug spending, according to the Canadian Association of Chain Drug Stores (CACDS).

Study: Fraction of shoppers make or break new CPG products

The success of a newly launched consumer package goods (CPG) product rests in the hands of just a tiny fraction of shoppers, a study by Catalina Marketing Corp. finds. Catalina said Monday that the report, titled "New Products and the Pivotal Consumer," reveals that on average only 1.

PTCB: Telepharmacy extends reach of Rx services

Telepharmacy is enabling pharmacies to reach more patients with their services, improve medication safety and ease staffing shortages at many rural health care and emergency facilities nationwide, according to the Pharmacy Technican Certification Board (PTCB).

Survey: Consumers uphold pharmacy spending

Survey: Consumers uphold pharmacy spending

Financial worries have many consumers reducing spending, yet pharmacy is one area where they’re not looking to cut back, according to a survey by Empathica Inc. The customer marketing research firm said Thursday that its Consumer Insights Panel survey of more than 6,500 U.S.

More clinics on the way from Target

This summer Target Corp. aims to open Target Clinics in two new states as part of a plan to add 10 more clinic locations by the fall. The discount store giant said it plans to open four Target Clinics in northern Virginia and another four retail health clinics in North Carolina on July

Walmart: Get your generic Plavix here

Walmart has announced that it will be one of the first pharmacy retailers to offer clopidogrel, the generic version of the blockbuster anti-blood clotting medication Plavix. The discount store giant said Wednesday that clopidogrel will be available at all Walmart and Sam’s Club pharmacies on May 19.

Rite Aid wraps up debt offering

Rite Aid Corp. has closed an offering of $421 million in senior notes due in 2020 as part of a debt refinancing initiated earlier this month. The drug chain said Tuesday that the proceeds from the offering of 9.25% senior notes due in 2020, along with cash, are being used to