ECRM_1170x120_4-15-17

Amazon to acquire Whole Foods Market

Amazon to acquire Whole Foods Market

SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said Friday. Whole Foods cofounder and chief executive

Generic drugs see low abandonment rate

Generic drugs see low abandonment rate

WASHINGTON — Prescription abandonment is sharply higher for branded drugs than generic drugs, a new annual report commissioned by the Association for Accessible Medicines (AAM) found. AAM said Monday that abandonment — defined as the failure to pick up a new script — was nearly three times as high for brand-name drugs as for generics

Albertsons first to bill Medicaid for contraception consults

Albertsons first to bill Medicaid for contraception consults

BOISE, Idaho — Albertsons Cos. has become the nation’s first pharmacy chain to bill Medicaid for patient consultations about hormonal contraception. The food and drug retailer said that as part of a collaborative effort to improve access to hormonal contraception for Oregon women, selected Albertsons Cos. pharmacies can now bill the state’s Medicaid plans for

Multicultural shoppers set pace in beauty care

Multicultural shoppers set pace in beauty care

CHICAGO — While purchases by multicultural Americans over-index across beauty care categories, major brands are just now starting to look seriously at this growing consumer segment and put forth novel products to meet their needs. That is the assessment of Courtney Jones, vice president of multicultural growth and strategy at Nielsen. Higher-end and niche brands

WBA pushes FTC for decision on Rite Aid acquisition

WBA pushes FTC for decision on Rite Aid acquisition

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has taken action to force the hand of federal regulators deciding whether to approve its pending acquisition of Rite Aid Corp. WBA and Rite Aid last month notified the Federal Trade Commission that they have complied with the agency’s second request for information on the deal. While

American Health Care Act falls short on coverage

American Health Care Act falls short on coverage

WASHINGTON — The drive to repeal and replace Obama­care has hit a roadblock. The Congressional Budget Office found that the G.O.P.-led American Health Care Act (AHCA) would leave 23 million more people uninsured in a decade. The CBO assessment cast further doubt on the chances of the Senate passing a similar bill to the AHCA,

NACDS Foundation sponsors March of Dimes gala

WASHINGTON — The prevention efforts undertaken by the National Association of Chain Drug Stores Foundation were highlighted by chairman Steve Anderson at the March of Dimes Gourmet Gala last month. The NACDS Foundation served as title sponsor of the event — which celebrated its 35th ­anniversary. The foundation’s prevention focus aligns with the March of

House votes to repeal, replace Affordable Care Act

House votes to repeal, replace Affordable Care Act

WASHINGTON — Attention has shifted to the Senate following the House’s narrow passage of legislation to repeal and replace significant parts of the Affordable Care Act. The House approved the bill 217 to 213 with no Democratic support and 20 Republicans joining the opposition. The legislation would overturn many of the law’s popular consumer protections,

CVS moves to elevate shopping experience

CVS moves to elevate shopping experience

NEW YORK — CVS Pharmacy has reimagined its store design, highlighting an expanded offering of health and beauty products and “better for you” food products. The new layout’s “discovery zones” in key health categories take a holistic approach to care and product selections. Together with new health services and innovative digital programs, the changes represent

Albertsons strengthens management team

BOISE, Idaho — Albertsons Cos. has announced a number of promotions, including that of Wayne Denningham to the new role of president and chief operating officer. He had been executive vice president and COO. Bob Miller remains chairman and chief executive officer, a role he has held since April 2015. The company also named Geoff

SDM adds fresh items to food mix

VANCOUVER, British Columbia — Shoppers Drug Mart (SDM) debuted its first enhanced convenience food section in British Columbia here last month. Aiming to combine convenience with quality food, the improved offering includes about 750 new fresh items. “With the close connection between food and wellness, the introduction of convenience fresh food items in Shoppers Drug

NACDS thanks House members for pushing TRICARE pilot

NACDS thanks House members for pushing TRICARE pilot

ARLINGTON, Va. — The National Association of Chain Drug Stores is thanking the 65 members of the House of Representatives who sent a bipartisan letter to Secretary of Defense James Mattis calling for implementation of the TRICARE Acquisition Cost Parity Pilot Program for Retail Pharmacy. The pilot program was included in the fiscal 2017 National

House passes bill to repeal Affordable Care Act

House passes bill to repeal Affordable Care Act

WASHINGTON — The House of Representatives today narrowly approved a bill to dismantle the Affordable Care Act. Legislators voted 217-213 to overturn many of the law’s popular consumer protections, eliminate the individual mandate, and recast the insurance market. “This bill delivers on the promises that we have made to the American people,” said House Speaker

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