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Retail News

CVS Caremark names new PBM president

Per Lofberg, president and chief executive officer of Generation Health Inc., has been appointed president of CVS Caremark Corp.’s pharmacy benefit management business. Plans call for Lofberg to start in the position on January 4, CVS Caremark said Monday.

Lawmakers urge higher FUL for Medicaid Rx

Lawmakers urge higher FUL for Medicaid Rx

Leading pharmacy groups said 16 members of Congress are calling on House Speaker Nancy Pelosi to consider a higher federal upper limit (FUL) for reimbursing pharmacies for dispensing generic prescription drugs under the Medicaid program.

NACDS praises Senate action on drug reimportation

The National Association of Chain Drug Stores applauded the Senate for preventing the passage of prescription drug reimportation amendments that the association said would have "compromised the link between pharmacy and patients.

Rite Aid shrinks 3Q loss, but revenue slips

Rite Aid shrinks 3Q loss, but revenue slips

Rite Aid Corp. beat Wall Street analyst estimates with a narrower loss in its fiscal 2010 third quarter, although sales tailed off slightly. The drug store chain on Thursday posted a net loss of $83.9 million, or 10 cents per diluted share, for the 13 weeks ended November 28, compared with

Central Florida Walgreens pharmacies offer swine flu shots

More than 100 Walgreens pharmacies in central Florida have started providing H1N1 "swine flu" vaccinations. Walgreen Co. said Monday that H1N1 injectable and nasal vaccines are now being offered at drug stores in Florida’s Orange, Seminole, Osceola, Sumter and Marion counties.

Retailers cross fingers for holiday sales lift

Retailers cross fingers for holiday sales lift

Drug store chains and other mass retailers are hoping that better days are ahead after scratching out a slim sales increase in November. Same-store sales (excluding Wal-Mart Stores Inc.) for the month were up 0.9% year over year, down from a 2.3% increase in October, according to Retail Forward.

CVS Caremark appoints new chief human resources officer

CVS Caremark Corp. has promoted Lisa Bisaccia to senior vice president and chief human resources officer. The drug store chain and pharmacy benefits manager said Friday that Bisaccia, currently vice president of human resources at the company, will begin her new role on January 1.

Bang to join SDM as senior VP merchandising

Bang to join SDM as senior VP merchandising

Chong Bang, Walgreen Co.’s general merchandise manager for photo and front-end services and the latest executive to oversee implementation of the company’s Customer-Centric Retailing (CCR) initiative, plans to leave the company later this month.

Rx groups welcome MTM amendment to Senate bill

Rx groups welcome MTM amendment to Senate bill

Retail pharmacy organizations have commended Sen. Kay Hagan (D., N.C.) for introducing an amendment to the Senate health care reform bill that would bolster medication therapy management (MTM) programs in Medicare Part D.