Sales, earnings falter in 4Q at CVS Caremark
CVS Caremark Corp. saw revenue and profit fall for its fiscal 2010 fourth quarter and full year as a weak performance by its pharmacy benefit management business dragged down overall results.
Retail News
NACDS backs tax reporting amendment
The National Association of Chain Drug Stores has expressed support for a congressional amendment that would lift burdensome reporting requirements affiliated with the 1099 business tax form. NACDS said Wednesday that the amendment was introduced by Sen. Debbie Stabenow (D., Mich.).
Navarro health fair offers free screenings
Navarro Discount Pharmacy recently hosted a free health fair to kick off Heart Health Awareness Month in February.
BioScrip CFO resigns; interim replacement named
David Froesel has resigned as chief financial officer at BioScrip Inc. and is being replaced in the interim by Mary Jane Graves. The pharmacy services company said Tuesday that Graves, known as "MJ," takes over the CFO post effectively immediately.
Walgreens effort commits $100M to preventive care
Walgreen Co. has kicked off the Walgreens Way To Well Commitment, a chainwide effort aimed at improving the everyday health of Americans.
ShopRunner expedited delivery offered by drugstore.com
Drugstore.com has begun providing customers a two-day delivery service option in a partnership with ShopRunner.
Community Corner begins second year at Walgreens
Select Walgreens stores around the country will recognize the chain’s African-American vendor partners next month as part of the company’s Community Corner program, which showcases products from minority-owned businesses. Walgreen Co.
CVS Caremark names Rx college ‘Partner of the Year’
CVS Caremark Corp. has recognized the Western University of Health Sciences College of Pharmacy as its 2010 Partner of the Year.
Walgreens quietly rolls out private-label beer
Walgreen Co. has introduced a low-cost, private-label beer in thousands of its stores, according to published reports. Called Big Flats 1901, the canned beer has been quietly rolled out to roughly 4,600 of Walgreens’ more than 7,600 stores, the Chicago Tribune reported.
NACDS files brief in TRICARE Dept. of Labor case
The National Association of Chain Drug Stores has filed a legal brief in a U.S. Department of Labor case on the the application of federal contracting requirements to health care providers in TRICARE military health benefit program.
Mac Naughton named Walmart U.S. merchandising chief
Walmart has promoted Duncan Mac Naughton to chief merchandising officer for its U.S. stores. The discount store giant said Friday that the move is effective immediately. Mac Naughton, who was executive vice president of merchandising for Walmart U.S.
Surprise exit by Shoppers Drug Mart CEO
The Canadian pharmacy community was caught off-guard by the resignation of Shoppers Drug Mart Corp. president and chief executive officer Jürgen Schreiber.
Drugstore.com opens shop on Facebook
Drugstore.com and its sister site Beauty.com have launched a virtual store on social media portal Facebook. Social commerce solution provider Adgregate Markets, whose ShopFans technology powers the drugstore.com Facebook store, said Thursday that drugstore.
Jewel-Osco president announces retirement
Keith Nielsen, president of food and drug retailer Jewel-Osco, plans to retire at the end of the company’s fiscal year next month. The Supervalu Inc. chain said Thursday that Nielsen’s retirement will become effective Feb. 28.
Walgreens to introduce wine brand for Heart Month
A new table wine brand dedicated to raising awareness about heart disease is being launched through Walgreens drug stores. Walgreen Co.
Shoppers Drug Mart CEO plans to resign
Jürgen Schreiber, president and chief executive officer of Shoppers Drug Mart Corp., is slated to resign next month, and the company has begun a search for his replacement. Shoppers Drug Mart said Thursday that plans call for Schreiber, who’s also a board director, to leave the company on Feb. 15.