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Retail News

Bill to restore FSA use for OTCs backed by NCPA, CHPA

The National Community Pharmacists Association and the Consumer Healthcare Products Association have endorsed a bipartisan bill to enable consumers to buy over-the-counter medications via flexible spending accounts (FSAs) and health savings accounts (HSAs) without needing a prescription.

NACDS speaks up for Rx amid debt ceiling debate

As President Barack Obama and congressional Democrats and Republicans square off over raising the debt ceiling, the National Association of Chain Drug Stores aims to ensure that patient access to pharmacy services isn’t curtailed.

Walgreens OK’s $2B stock buyback plan, hoists dividend

The board of Walgreen Co. has given the green light to a new $2 billion share repurchase program and approved a 28.6% hike in the quarterly dividend, the biggest in the company’s history. Walgreens said Wednesday that it has raised the dividend to 22.5 cents per share from the previous rate of

Rite Aid expands private-label ice cream line

Rite Aid Corp. is rolling out an expanded lineup for its Thrifty Ice Cream private brand at its California locations. The drug store chain said Wednesday that the ice cream line includes new flavors and varieties such as the brand’s first nonfat frozen yogurt and take-home pint containers.

Coalition forms to thwart Calif. Rx reimbursement cut

A coalition of pharmacists, businesses and consumers is urging the Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS) to reject California’s state plan amendment that would reduce reimbursement rates for Medi-Cal, the state’s Medicaid program, by 10%

Report: Amazon trumps retail stores on price

Report: Amazon trumps retail stores on price

Brick-and-mortar retailers — including drug, food and mass market chains — are scrambling to compete with Amazon.com in the e-commerce arena, especially on price, according to a study by investment firm William Blair & Co.

Study: Target could shake up Canadian retail scene

Target Corp.’s impending entry into the Canadian retail market stands to challenge current shopper loyalties, possibly including pharmacy. According to a study released Friday by management consulting firm SATOV Consultants, Canadians plan to alter their shopping habits to visit Target.

Rite Aid shuffles execs in store ops, HR

Rite Aid shuffles execs in store ops, HR

Rite Aid Corp. has made a flurry of executive changes in store operations and human resources. The drug store chain said Thursday that Brian Fiala, formerly executive vice president of store operations, has been appointed executive vice president of human resources.