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Retail News

Graymark closes ApothecaryRx sale to Walgreens

Graymark Healthcare Inc. has completed its agreement to sell its ApothecaryRx retail pharmacy business to Walgreen Co. Announced in September, the deal with Walgreens involves substantially all of the assets of ApothecaryRx for $25.5 million, plus approximately $3.8 million for inventory.

NACDS to CMS: Rx should be accountable care partner

The Centers for Medicare & Medicaid Services (CMS) should consider the role that pharmacy plays in delivering patient-centered care and lowering health care costs as it devises rules for accountable care organizations (ACOs), according to the National Association of Chain Drug Stores.

Rogue online pharmacies get more sophisticated

Illegitimate Internet pharmacies and marketing affiliate networks are becoming more elaborate in how they target consumers, presenting a rising threat to public health and safety, a study by anti-counterfeiting and brand protection firm OpSec Security Inc. found.

Cardinal, Walgreens renew distribution pact

Cardinal Health Inc. has renewed its distribution agreement with Walgreen Co. to supply pharmaceuticals to the drug store chain’s national network of retail pharmacies. The health care distributor said Tuesday that the new pact with Walgreens, which extends into 2013, was renewed early.

Navarro names celebrity spokesman

Television personality and cookbook author Chef Pepin has become the celebrity spokesman for Navarro Discount Pharmacy. The Miami-area drug store chain said Friday that adding Chef Pepin as a celebrity spokesman is part of its overall marketing campaign and expansion strategy.

Walmart veteran named CVS/pharmacy president

Walmart veteran named CVS/pharmacy president

CVS Caremark Corp. has appointed Hank Mullany as president of CVS/pharmacy, taking over that role from president and chief operating officer Larry Merlo. The drug store and pharmacy benefit management company said Friday that Mullany will take the reins as CVS/pharmacy president on Dec 6.

Walgreens sees a rebound in same-store sales

Helped by calendar day shifts and solid pharmacy business, Walgreen Co. turned in a comparable-store sales gain in November after experiencing a decrease the previous month. The drug chain said Friday that same-store sales for November (excluding the acquired Duane Reade stores) rose 3.2%.

Same-store sales down at Rite Aid in November

Rite Aid Corp. saw same-store sales slip in November versus a year ago, as soft cold and flu-related business continued to affect results. The drug store chain said Thursday that for the five weeks ended Nov. 27, overall same-store sales fell 1.3%. That was better than the 1.7% decrease recorded in