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Duane Reade gets 4Q sales lift from new stores

Duane Reade gets 4Q sales lift from new stores

New stores gave a boost to sales at Duane Reade in the 2009 fourth quarter, while charges connected with its pending acquisition by Walgreen Co. contributed to a bigger net loss. The drug store chain said Tuesday that retail store sales, which exclude pharmacy resale activity, rose 5.

CVS Caremark honored as ‘most-admired’ by <i>Fortune</i>

CVS Caremark Corp. has been named the most-admired company in the food and drug store industry by Fortune magazine. The drug store chain and pharmacy benefit manager said Monday that the honor is part of the publication’s annual listing of the "World’s Most Admired Companies.

Missouri links to pseudoephedrine medicine tracking system

Missouri is slated to become the fourth state to require drug stores and other retailers to submit purchases of over-the-counter cold and allergy medicine containing pseudoephedrine to the National Precursor Log Exchange (NPLEx) real-time tracking system. Louisville, Ky.

Coalition to FDA: Pharmacists can aid in drug safety

Coalition to FDA: Pharmacists can aid in drug safety

A group of 17 health care organizations, including pharmacy chains and associations, have asked the Food and Drug Administration to consider the impact local pharmacists can have on ensuring patients use medicine safely and effectively as the agency evaluates Risk Evaluation and Mitigation Strategie

Walgreens buys assets from Cardinal’s SpecialtyScripts

Walgreen Co. has acquired prescription files from SpecialtyScripts LLC, a unit of Cardinal Health Inc. The drug store chain said the acquisition will enable Walgreens Specialty Pharmacy to scale the operations of its current locations. Terms of the deal weren’t disclosed. Fall River, Mass.

CVS Caremark makes flurry of promotions

CVS Caremark makes flurry of promotions

CVS Caremark Corp. has made a round of promotions in its CVS/pharmacy business. The company said Thursday that Mike Bloom has been promoted to executive vice president for merchandising and supply chain. He previously held the title of senior vice president in that role.

Rite Aid posts monthly same-store sales decline

Same-store sales fell again at Rite Aid Corp. in February, with the drug chain pointing to a weak cough, cold and flu season as well as bad weather and anemic consumer demand. For the five weeks ended Feb. 27, same-store sales dropped 3.2% over the prior-year period, Rite Aid said Thursday.

February same-store sales virtually flat at Walgreens

February same-store sales virtually flat at Walgreens

Walgreen Co. ended a downward trend in same-store sales with a small uptick in February. The drug store chain on Wednesday reported a 0.4% year-over-year gain in same-store sales for the month, improving from a 1.1% decline in January and a 0.3% dip in December.

Kerr adds tool to gauge risk of obesity-related disease

Kerr Drug is offering an assessment tool that predicts an individual’s risk of developing chronic, preventable obesity-related diseases such as diabetes, stroke and heart disease. The North Carolina drug store chain said Monday that it’s partnering with Durham, N.C.

Rite Aid offers free gas prize for Rx transfers

Now through next month, people who transfer their prescriptions to Rite Aid will get a chance to win a year’s worth of free gasoline.  The drug store chain said that its popular Fill Up & Fuel Up program has returned and will run until April 24. During the sweepstakes, eight winners chosen

Walgreens realigns health care businesses

Walgreens realigns health care businesses

Upping the ante in health services, Walgreen Co. is reorganizing its health care businesses under a plan that the company said will enable it to offer integrated pharmacy, health and wellness solutions to a range of clients.