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Retail News

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

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.

Rite Aid cuts 2Q loss, but sales dip

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.

Pharmacy groups ask Congress to delay Medicaid cuts

Pharmacy groups ask Congress to delay Medicaid cuts

As a deadline for planned Medicaid cuts nears, a coalition of pharmacy industry groups is urging congressional leaders to delay the reductions and modify the formula for reimbursing pharmacies that dispense generic drugs to Medicaid recipients.