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July 31, 2014

TOP STORY

Same-store sales rise in July at Rite Aid

Rite Aid Corp. maintained its same-store sales momentum in reporting solid growth for July.

The drug chain said that in July comparable-store sales rose 4.6% year over year, up from the comp-store gain in June and continuing the retailer's string of increased same-store sales each month this calendar year.

Overall sales and prescription count also were up in July.

 

RETAIL NEWS BREAKS

CVS now accredited as 'community pharmacy'

CVS/pharmacy is the nation's first pharmacy to earn the new Community Pharmacy accreditation from health standards body URAC.

Target names Cornell as new CEO

For the first time in its history Target Corp. has appointed a chief executive officer from outside the company, hiring Brian Cornell as chairman and CEO.

McKesson, CVS Caremark extend distribution pact

McKesson Corp. and CVS Caremark Corp. have extended their distribution agreement for pharmaceuticals.

House weighs prescription drug abuse bill

The House of Representatives is set to vote on a bipartisan bill that the National Association of Chain Drug Stores and the National Community Pharmacists Association say will provide a collaborative approach in thwarting prescription drug abuse.

Sobeys earns victory in legal challenge on pharmacy rewards

Canadian food and drug retailer Sobeys Inc. has prevailed in a legal challenge to enable British Columbians to once again collect reward points on pharmacy purchases.

Cardinal Health spotlights 'best practices' pharmacies

Three innovative community pharmacies were named as winners of the Independent Pharmacy Best Practices Competition at Cardinal Health Inc.'s Retail Business Conference (RBC).

Dollar Tree to acquire Family Dollar Stores

Dollar Tree Inc. and Family Dollar Stores Inc. have entered into a definitive merger agreement under which Dollar Tree will acquire Family Dollar for cash and stock valued at approximately $8.5 billion.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Zim's introduces cold sore kit

Perfecta Products Inc. has expanded its line of Zim's topical skin care, lip care and pain relief products with the debut of Zim's Advanced Cold Sore kit.

Upsher-Smith releases Galaxy antiepileptic drugs

Upsher-Smith Laboratories Inc. has launched Upsher-Smith Galaxy, a new suite of antiepileptic drugs (AEDs) designed to provide people with epilepsy with consistent, affordable and accessible therapies.

ScriptPro, TCGRx to integrate pharmacy automation technology

Pharmacy technology providers ScriptPro and TCGRx have become exclusive partners under a new distribution and co-marketing agreement.

InPharmacy Jobs teams up with Pharmacist eLink, NCPA

InPharmacy Jobs, a provider of job search and online recruitment services for the pharmacy industry, has unveiled a new partnership with Pharmacist eLink, powered by the National Community Pharmacists Association.

Flonase allergy nasal spray set to go OTC

GlaxoSmithKline's Flonase Allergy Relief nasal spray is slated to go over the counter starting next year.

FDA gives OK to Purdue Pharma's Targiniq ER

The Food and Drug Administration has approved Purdue Pharma's Targiniq ER, an opioid painkiller with abuse-deterrent properties.

Pharmavite promotes Toll to chief executive

Timothy Toll has been appointed chief executive officer at Pharmavite LLC.

More Supplier News Breaks >>
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