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Retail News

BioScrip posts 1Q revenue gain, net loss

BioScrip Inc. saw an uptick in revenue for its fiscal 2010 first quarter but recorded a net loss due mainly to costs from its recent acquisition of Critical Homecare Solutions (CHS). The retail and specialty pharmacy operator said Friday that sales for the quarter ended March 31 totaled $335.

Shoppers Drug Mart sees 1Q sales, profit rise

Robust pharmacy and front-end business lifted revenue and earnings at Shoppers Drug Mart (SDM) for the fiscal 2010 first quarter. The Canadian drug store chain said Wednesday that for the first quarter ended March 27, sales rose 5.7% to $2.

April sales dip at Rite Aid

Rite Aid Corp. reported a dip in same-store sales for April after seeing improved results in the previous month. The drug store chain said Thursday that same-store sales for the four weeks ended April 24 fell 1% from a year earlier. The company had posted flat same-store results in March after

Burnett, Barshay honored at NACDS Annual Meeting

Costco Wholesale Corp. executive Charles Burnett and former Schering-Plough Consumer Health Care chairman Stanley Barshay received the chain drug industry’s highest honors last night at the 2010 National Association of Chain Drug Stores Annual Meeting.

Jean Coutu records gains in fourth quarter

The Jean Coutu Group posted increases in sales, earnings and operating results for its fiscal 2010 fourth quarter and full year. The Canadian drug store chain said Wednesday that sales for the fourth quarter ended Feb. 27 rose 4.9% year over year to $637 million (Canadian) from $607.2 million.

Merlo elected NACDS chairman, Wasson as treasurer

Merlo elected NACDS chairman, Wasson as treasurer

The National Association of Chain Drug Stores elected CVS/pharmacy president Larry Merlo as NACDS chairman and named new officers, a new Executive Committee member and three new board members at the 2010 NACDS Annual Meeting. Merlo, who also is executive vice president at CVS Caremark Corp.

Q&A: Anderson keeps NACDS focused

Q&A: Anderson keeps NACDS focused

For the past 12 months the National Association of Chain Drug Stores and its president and chief executive officer, Steve Anderson, have been actively engaged in fighting on the front lines in the battle over health care reform.