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Retail News

New CVS website facilitates Tricare Rx transfers

CVS/pharmacy has launched a service on its website that enables beneficiaries of Tricare, the U.S. armed forces’ health and prescription drug benefit program, to transfer their prescriptions to one of its drug stores. The move comes as CVS rival Walgreen Co.

Rite Aid launches Resolution Rewards promo

Rite Aid Corp. has kicked off the new year with a new customer savings promotion called Resolution Rewards. The drug store chain said that Resolution Rewards, which began Sunday and runs through Jan. 28, makes it easy for members of its wellness+ customer loyalty program "to resolve to save more in

2011 Holiday Sales: Not much cheer for drug chains

2011 Holiday Sales: Not much cheer for drug chains

Absent the last-minute shopping surge that rescued holiday sales a year ago, Christmas 2011 was in the main a dismal event for the nation’s drug chains. The holiday shopping season that began on Black Friday, Nov. 25, and ended 30 days later on Christmas Eve — giving the retail community one more

Walgreens brings new format to D.C.

Walgreen Co.’s new "health and daily living store" concept has made its debut in Washington, D.C., and the drug chain plans more of the new-format stores in that market.

Pharmacy techs serve up FSA advice

Retail pharmacy teams, including pharmacy technicians, are offering practical solutions to patients about how to best use remaining 2011 flexible spending account (FSA) funds, according to the Pharmacy Technician Certification Board (PTCB).

Walgreens stands firm in quarrel with PBM

Walgreens stands firm in quarrel with PBM

With no resolution imminent in its stand-off with Express Scripts Inc., Walgreen Co. said it’s prepared to take a short-term hit rather than digest the long-term consequences of accepting the pharmacy benefit manager’s contract proposal.

Earnings at Walgreens tail off in first quarter

Earnings at Walgreens tail off in first quarter

Net earnings slipped at Walgreen Co. in its fiscal 2012 first quarter as the drug chain cited its contract impasse with Express Scripts Inc., a slow cough/cold and flu season, and a tough year-over-year comparison as impacting results. Walgreens said Wednesday that for the first quarter ended Nov.