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Retail News

Macy’s exec to become CVS/pharmacy president

CVS Caremark Corp. is slated to name Macy’s Inc. executive Mark Cosby as president of CVS/pharmacy, Chain Drug Review has learned. Cosby, previously president of stores at Macy’s, fills the vacancy created when CVS Caremark named Larry Merlo president and chief operating officer in May 2010.

NCPA to CMS: Nix Oregon proposal to cut Rx reimbursement

The National Community Pharmacists Association has expressed concern over an Oregon state plan amendment that would renege on a pact the state previously reached with the Centers for Medicare & Medicaid Services (CMS) and cut Medicaid pharmacy reimbursement for the second time this year.

NACDS backs bill encouraging generics in Medicaid

NACDS backs bill encouraging generics in Medicaid

The National Association of Chain Drug Stores is supporting legislation that would give states incentive to use generic drugs for Medicaid patients to achieve savings. NACDS said Friday that it has sent a letter of support to the sponsor of the Affordable Medicines Utilization Act of 2011 (S.

Rx groups: Express Scripts-Medco deal ‘too big’

Rx groups: Express Scripts-Medco deal ‘too big’

The National Association of Chain Drug Stores and the National Community Pharmacists Association gave a thumbs-down to the proposed merger of Express Scripts Inc. and Medco Health Solutions Inc., saying the deal would create an unlevel playing field.

Shoppers Drug Mart ekes out 2Q gains

Sales and earnings inched up in the second quarter at Shoppers Drug Mart Corp., whose chief executive noted that the company still generated growth despite government reforms that are squeezing pharmacy business.

Ex-Rite Aid HR executive joins OfficeMax

Former Rite Aid Corp. executive Steve Parsons next week is slated to begin a new post as the top human resources officer at OfficeMax Inc. The office supply store chain said Thursday that Parsons has been appointed executive vice president and chief human resources officer, effective July 25.

Former CVS exec joins change:healthcare

Former CVS Caremark Corp. executive Douglas Ghertner has been named president at change:healthcare. The health care cost transparency firm said Tuesday that Ghertner, previously senior vice president for client solutions at CVS Caremark, assumes the president’s post effective immediately.

New Duane Reade reflects Walgreens’ transformation

The 22,000-square-foot Duane Reade drug store that opened at 40 Wall Street for the first time in the days immediately following the Independence Day holiday has already received more news coverage and wider, more favorable exposure than any drug store that has yet opened its doors in America.