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.
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).
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.
As the new chairman of the National Association of Chain Drug Stores, Greg Wasson exudes a sense of confidence despite the considerable challenges faced by the retail pharmacy industry.
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).
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.
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
Community pharmacies are at the forefront of the nation’s health care delivery system and play a pivotal role in mitigating medical costs and improving health outcomes, the National Association of Chain Drug Stores told a Senate committee.
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.
CVS Caremark Corp. estimated that its pharmacy benefit management (PBM) clients saved nearly $2.4 billion last year because of improved medication adherence for chronic conditions.
London Drugs is deploying Apple iPads to all of its stores to bring customers product information on the spot to aid their buying decisions.
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
Walgreen Co. has expanded its Prescription Savings Club to include hundreds more value-priced generic drugs and discounts on a broader range of other products and services.
In a settlement with the Drug Enforcement Agency (DEA), Cardinal Health Inc. has agreed to a two-year suspension of its Lakeland, Fla., distribution center’s registration to ship controlled substances.
Paul Margeson, a category manager for several over-the-counter segments at Rite Aid Corp., has left the company. A Rite Aid spokeswoman confirmed Monday that Margeson has resigned.
In terms of brand equity, Walgreens leads the field among retail pharmacy operators, including drug store chains and mass merchants, according to a survey by Harris Interactive.
