Wasson: Walgreens’ store growth more balanced
Walgreen Co. has been taking a more measured approach as it extends the reach of its store network, focusing mainly on organic growth, improved efficiency and greater customer appeal.
Retail News
Rite Aid teams with hospital to open health clinics
Rite Aid Corp. plans to open several in-store health clinics in Maryland and Delaware through a partnership with a local hospital.
Ex-Supervalu executive lands at Wal-Mart Canada
Former Supervalu Inc. executive Duncan Mac Naughton has joined Wal-Mart Canada Inc., Chain Drug Review has learned. Mac Naughton is slated to serve as chief marketing officer at the Canadian arm of the discount retail giant, according to industry sources.
CVS extends HealthVault downloads to retail Rx customers
CVS Caremark Corp. has expanded its partnership with Microsoft HealthVault to allow retail pharmacy customers to download prescription histories. The drug store chain said Tuesday that by visiting CVS.
Push for 90-day at retail prescriptions begins at Walgreens
Walgreen Co. has kicked off a program to deliver 90-day prescriptions for maintenance and chronic care medications through its retail pharmacies and worksite centers.
Walgreens 4Q earnings top analysts’ forecast
Fueled by a robust sales gain, Walgreen Co. bested Wall Street analysts’ profit projections for its fiscal fourth quarter but saw earnings slip year over year. The drug store chain said Tuesday that sales for the quarter ended August 31 climbed 7.6% to $15.7 billion from $14.
Mac Naughton resigns from Supervalu
Duncan Mac Naughton has resigned as executive vice president of merchandising and marketing at Supervalu Inc. The food and drug retailer and wholesaler said Monday that the resignation of Mac Naughton, 47, is effective September 28. The company did not give a reason for the resignation.
Roundtable: Chains, suppliers speak out on community Rx
These days, everywhere community pharmacy operators turn there seems to be a new challenge. Over the weekend, chain drug stores and other prescription drug providers began to feel the fallout from the reduction in average wholesale prices mandated by the settlement of a class-action lawsuit.
McNeil voluntarily recalls some children’s Tylenol products
McNeil Consumer Healthcare is recalling certain lots of Children’s and Infants’ Tylenol liquid products made over a year ago.
CVS opens 7,000th drug store
CVS Caremark Corp. this week opened its 7,000th drug store, in Little Canada, Minn.
Walgreens to compound Tamiflu due to shortage
With a busy flu season looming, Walgreen Co. is preparing to compound Tamiflu capsules because of a short supply of the oral suspension for children.
New Jersey to bolster pharmacy reimbursement
In a win for drug chains, New Jersey plans to step up its pharmacy reimbursement rate, according to the National Association of Chain Drug Stores.
Rite Aid cuts 2Q loss, but sales dip
Rite Aid Corp. posted a smaller loss for its fiscal 2010 second quarter amid a slight decline in total revenue and same-store sales. The drug store chain on Thursday reported a net loss of $116 million, or 14 cents per diluted share, for the 13 weeks ended August 29, down from
Rite Aid names head of pharmacy operations
Rite Aid Corp. has promoted a pair of senior executives: Robert Thompson to executive vice president of pharmacy and Bill Wolfe to senior vice president of managed care and government affairs.
Former Rite Aid executive to join Prasco
David Vucurevich, a former pharmaceutical purchasing executive at Rite Aid Corp., is joining generic drug manufacturer Prasco Laboratories.
CutisPharma expands prescription mouthwash line
CutisPharma Inc. has introduced FIRST-BXN Mouthwash, the second item in its FIRST Mouthwash Compounding Kit product line, which includes FIRST-Mouthwash BLM.