CVS Caremark CEO Ryan set to retire next year, <br>Merlo slated as his successor
Tom Ryan, chairman, president and chief executive officer of CVS Caremark Corp., plans to retire from the CEO post at next year’s annual shareholder meeting in May.
Retail News
Lewis Drug breaks ground on new S.D. store
Lewis Drug this week broke ground on what it said was its first new, full-size store in two decades in Sioux Falls, S.D., where the drug chain is based. The 35,000-square-foot store, to be located at 69th and Louise, is expected to open in November and will be roughly the size
CVS expands ExtraCare for diabetes products
Continuing its push to improve health care outcomes for diabetes patients, CVS Caremark Corp. has extended its ExtraCare loyalty program to provide savings and rewards on the purchase of over-the-counter diabetes-related products plus wellness education benefits.
NCPA lauds bill excluding diabetes items from Medicare bids
The National Community Pharmacists Association has applauded lawmakers for legislation that aims to remove diabetes supplies provided by small pharmacies from the bidding program for Medicare Part B durable medical equipment. NCPA praised Reps. Peter Welch (D., Vt.) and Mike Rogers (R., Mich.
MinuteClinic provides free A1c tests
MinuteClinic is offering complimentary A1c blood glucose tests on a walk-in basis at select locations inside CVS/pharmacy stores. The CVS Caremark Corp.
CVS Caremark taps firm for customer insight
CVS Caremark Corp. has entered a multiyear agreement with LMG Insight & Communication, a subsidiary of Groupe Aeroplan Inc., for shopper intelligence services.
Retail clinics offer cost-effective care for allergies, study says
Retail health clinics are an effective and affordable care option for allergy sufferers when they’re unable to see their primary care doctor, according to a study by health benefit provider WellPoint Inc.
Walgreens stores in Florida host makeup makeovers
About 100 Walgreens stores in Florida recently hosted Maybelline makeup makeover events that introduced new eye and lip products to drug store customers. Cosmetic Promotions Inc.
Poll: Many headache sufferers overuse painkillers
Chronic headache sufferers often experience "rebound headaches" by overdoing it with nonprescription pain relievers, research by Consumer Reports finds.
Injunction halts pharmacy payment cuts in Calif.
A federal court this week handed down an injunction to stop two new reductions on payments to pharmacies in California’s Medi-Cal program, according to the California Pharmacists Association (CPhA). The association said Judge Christina Snyder of the U.S.
NACDS Marketplace serves up new business opportunities
The National Association of Chain Drug Stores reported that over 100 first-time exhibitors will showcase their offerings at the 2010 NACDS Marketplace Conference, which kicks off next month in San Diego.
CVS, Walgreens provide aid to flood victims
CVS Caremark Corp. and Walgreen Co. have stepped up with donations and/or supplies to assist relief efforts for the devastating floods that hit several southeastern states.
Sales surge, earnings slip in 1Q at drugstore.com
Drugstore.com tallied a double-digit increase in revenue for its fiscal 2010 first quarter, but earnings took a hit in part due to acquisition costs. The online retailer late Wednesday said sales for the first quarter ended April 4 jumped 20% to $118.3 million from $98.
Drugstore.com taps BioScrip as pharmacy partner
Drugstore.com plans to sell its pharmacy business to BioScrip Inc., which then will become the pharmacy services provider for the online retailer’s customers. Under the agreement, announced late Wednesday, drugstore.com will sell its DS Pharmacy assets to BioScrip Pharmacy Services for $10.
Report flags domain providers for ‘rogue’ Internet pharmacies
A report by Internet compliance firms LegitScript and KnujOn has identified five Internet firms providing domain name registration services to so-called "rogue" Internet pharmacies that display fake pharmacy licenses or sell prescription drugs without a prescription.
CVS medical officer: Retail clinics have ‘come of age’
With health care reform set to boost the number of patients, in-store clinics can play a pivotal role by providing a convenient and affordable outlet for services, according to CVS Caremark Corp. chief medical officer Troy Brennan.