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LEADING HEADLINES

Retail industry hails GOP’s decision to shelve BAT

Retail industry hails GOP’s decision to shelve BAT

WASHINGTON — Retailers applauded Republicans’ move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on Thursday, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming

Walgreens to highlight safety at chainwide Senior Day

Walgreens to highlight safety at chainwide Senior Day

DEERFIELD, Ill. — Next week, Walgreens plans to offer injury prevention tips and advice in hosting Senior Day at its stores nationwide. The drug chain said Thursday that along with the pharmacy staff’s discussion about avoiding fall injuries, stores will offer informational materials, including a

Shoppers Drug Mart tallies 2Q sales gains

Shoppers Drug Mart tallies 2Q sales gains

BRAMPTON, Ontario — Second-quarter sales edged up at Shoppers Drug Mart as the retailer posted revenue gains in both the front-end and pharmacy segments. Parent Loblaw Cos. said Wednesday that for the 2017 second quarter ended June 17, Shoppers Drug Mart’s sales totaled $2.88 billion

CEO succession upcoming at Pharmavite

CEO succession upcoming at Pharmavite

NORTHRIDGE, Calif. — Early next month, Pharmavite LLC plans to move forward with a succession at chief executive officer. The vitamins, minerals and dietary supplements maker has named Jeff Boutelle as CEO and a board member effective August 7. He replaces Noriko Tojo as chief

CVS, Cleveland Clinic expand clinical affiliation

CVS, Cleveland Clinic expand clinical affiliation

WOONSOCKET, R.I. — CVS Health and Cleveland Clinic have broadened their eight-year clinical affiliation to enhance access to care for patients throughout northeastern Ohio and Florida. The companies said Tuesday that through the broadened relationship, MinuteClinic, CVS Pharmacy and Cleveland Clinic can improve access to

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RETAIL NEWS

WBA agrees to global supply deal with Fareva

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced on Tuesday a binding offer from Fareva for a 10-year global agreement for the manufacture and supply of own brand beauty products and private label items, including products for sale in the United States. The proposed

Walgreens, ECRM host Supplier Diversity Summit

ITASCA, Ill. — Walgreens teamed up with ECRM this week to host a one-day Supplier Diversity Summit here. The Walgreens-ECRM Supplier Diversity Summit, held Wednesday, provided an opportunity for the retailer’s category managers to meet with suppliers with diversity in ownership in the health and

Fred’s Pharmacy appoints Jason Jenne CFO

MEMPHIS — Fred’s Inc. has appointed Jason Jenne executive vice president and chief financial officer. He succeeds Rick Hans, who is stepping down from the company to pursue other opportunities. Hans will remain in an advisory capacity until August 18 and will work closely with

McKesson ideaShare spotlights community Rx

NEW ORLEANS — McKesson Corp. has kicked off ideaShare 2017, its annual forum for community pharmacists nationwide to help sharpen their health care capabilities and growth their businesses. Running through Sat. July 15, the McKesson ideaShare 2017 gives pharmacy industry attendees access to industry thought

Genoa MTM acquisition leads to new pharmacy service

TUKWILA, Wash. — Genoa aims to take its behavioral health pharmacy care to a higher level with the launch of Genoa Medication Management Solutions. Genoa said Thursday that the new offering stems from its acquisition of Medication Management Systems Inc., a Minneapolis-based provider of medication

SUPPLIER NEWS

J M Smith Corp. appoints CFO, CTO

SPARTANBURG, S.C. — Philip Ryan has been named as chief financial officer and Kevin Welch as chief technology officer at J M Smith Corp. The pharmacy supplier and technology provider said Thursday that Ryan will also assume the role of treasurer after the retirement of

The Nature’s Bounty Co. is acquired by KKR

NEW YORK – The investment firm KKR has agreed to become the majority owner of The Nature’s Bounty Co., a wellness products company known for such brands as Nature’s Bounty, Sundown Naturals and Osteo Bi-Flex. The Carlyle Group, the company’s current owner, will retain a

Synergy Medical launches SynMed Ultra robot

LONGUEUIL, Quebec — Synergy Medical, manufacturer and distributor of SynMed pharmacy automation for oral solid medications, has developed a first of its kind robot. SynMed Ultra maintains SynMed’s precision, and pick and place technology, though now with three times the capacity to fill single dose

Church & Dwight to acquire Water Pik for about $1 billion

EWING, N.J. — Church & Dwight Co. announced it has signed a definitive agreement to acquire Water Pik Inc. for approximately $1 billion in cash. The transaction, which is subject to regulatory approval and other customary conditions, is expected to close in the third quarter.

Halls Kids Pops mark firsts in pediatric category

EAST HANOVER, N.J. — Halls has brought cough and sore throat relief to the pop format for children with the rollout of Halls Kids Pops. The Mondelez International brand said Halls Kids Pops, for children ages 5 and older, combine cough and sore throat lozenges