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Retail News

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.

CVS executives tout ‘unique suite of assets’

At its Analyst Day event in New York, CVS Caremark Corp. projected robust earnings and revenue growth for fiscal 2012 as executives cited health care trends that bode well for the company’s integrated business model, which combines a retail drug chain and pharmacy benefit management unit.

Bi-Lo set to merge with Winn-Dixie

Bi-Lo LLC and Winn-Dixie Stores Inc. have agreed to merge in a deal that stands to create a food and drug chain of nearly 690 stores in eight southeastern states. Under the merger agreement announced Monday, Bi-Lo plans to acquire all outstanding shares of Winn-Dixie stock for about $560 million.

Analyst Day Preview: CVS is well-positioned

Analyst Day Preview: CVS is well-positioned

Financial analysts are showing renewed faith in CVS Caremark Corp.’s integrated business model. Operating a retail drug store chain and a pharmacy benefit manager (PBM), the company is well-positioned to prosper amid recent shifts in the pharmacy sector, according to analysts.